The government will carry out surveys and collect the necessary data to formulate relevant policy for every sector. The Centre has roped in the Labour Bureau of India and Ministry of Labour and Employment to chalk out the contours of the policy.

Persistent negative growth in rural wages and soaring corporate profits accompanied by job and wage cuts demonstrate a clear disconnect between growth/profits and wellbeing of ordinary Indians

Financial statements for December quarter imply that while business continues to remain sluggish, resulting in employment being stagnant or lower, companies continue to make record profits

The unemployment rate declined to 6.5 per cent in January 2021 from 9.1 per cent in December 2020, while the employment rate surged to 37.9 per cent as compared to 36.9 per cent, says CMIE

CMIE data added that India's biggest challenge on the employment front is getting its womenfolk into the labour force. CMIE data showed, in contrast with men, only nine per cent of all women of working age were employed until November

Budget 2021: Prime Minister Narendra Modi has already indicated that Budget 2021 is part of a series of four-five \"mini-budgets'' presented in the form of economic packages last year. So what should you expect from this year's budget?

Budget 2021: Economy suffered biggest shock after first lockdown in March when around 11.3 crore people lost jobs as entire economy went into shutdown mode

As per the latest CMIE report, there were job losses in younger age groups, those below 40 years of age, while all age groups above 40 years have seen a small gain in employment

The amount under litigation includes Rs 4.05 lakh crore in corporation tax, Rs 3.97 lakh crore stuck in income tax cases and another Rs 1.54 lakh crore on account of commodities and services tax, the note said

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India's unemployed count rose to 38.7 million in December compared to 27.4 million in November, registering an increase of 11.3 million

While companies' income declined 6.9 per cent, costs on raw materials and purchase of finished goods -- biggest expense head -- declined by a much bigger margin at 18.9 per cent. In view of Covid curbs, expenses on salaries grew 3.4 per cent but other expenses fell 9 per cent

Oil prices plunge as new mutant coronavirus strain revives demand fears Oil dropped towards $50 a barrel on Tuesday, adding to losses from the previous session, as a mutant variant of the coronavirus in Britain revived concerns over demand recovery. Detection of the new variant prompted several countries to close their borders to Britain. Both benchmarks slid nearly 3% on Monday, partly erasing recent gains driven by the rollout of COVID-19 vaccines, seen as key to allowing a return to norm...

Oil prices plunge as new mutant coronavirus strain revives demand fearsOil dropped towards $50 a barrel on Tuesday, adding to losses from the previous session, as a mutant variant of the coronavirus in Britain revived concerns over demand recovery. Detection of the new variant prompted several countries to close their borders to Britain. Both benchmarks slid nearly 3% on Monday, partly erasing recent gains driven by the rollout of COVID-19 vaccines, seen as key to allowing a return to normal ...

The CMIE projected that employment in India will decline by 2.5 per cent to 395 million in December quarter of FY21, compared to 405 million in the year ago period

As per ILO preliminary estimate, unemployment rate could increase from 4.4 per cent in 2019 to somewhere between 5.2 per cent and 5.7 per cent in 2020

Rural unemployment jumped to 9.11 per cent from 8.56 per cent in week ending December 6, urban unemployment climbed to 11.62 per cent from 8.15 per cent in previous week

On month-on-month basis, employment declined by 0.9 per cent or 3.5 million in November, as against 0.1 per cent or 0.6 million fall registered in October

Mahesh Vyas, Managing Director and CEO, CMIE, said that employment increased by one per cent but real agricultural GVA growth in the September 2020 quarter was 16.4 per cent lower than it was in the June 2020 quarter

Talking about weekly numbers, the CMIE said that the country's unemployment rate stood at 7.8% for the week ended November 22, whereas the labour participation rate was at 39.3% leading to a steep dip in employment rate at 36.24%