In January, the then President Donald Trump had extended the ban on issuing of new H-1B visas till March 31 arguing that the country is having a very high unemployment rate and the US cannot afford to have more foreign workers

Congress' chief spokesperson Randeep Surjewala said the third quarter GDP data proves yet again that fault lines in the Indian economy are more visible than ever before

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

To emerge stronger, it is important for us as a country to bridge the gap between policy announcements and their implementation by strengthening and empowering institutions to bolster economic growth

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

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The proposed programme can create sustainable livelihoods for 18 lakh educated youth, in addition to enabling MSE growth and indirect job creation and consequent economic growth, the report said

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

Employment in India contracted by 2.8 per cent, compared to a drop of 23.9 per cent and 2.6 per cent recorded in June and September quarters, respectively

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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

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

Sectorally, gains in financials, banking, realty and pharma index were capped by losses in media, metal, FMCG, PSU banks and IT scrips

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

The central bank, however, cautioned that the positive assessment depends a great deal on the spread of coronavirus in coming days and progress on vaccine development front

Top-down reforms since the demonetisation of 2016 have already derailed the economy and brought misery to millions, yet the great zeal to do more of the same amidst protests from several segments of population demonstrate that the intent is far from public welfare

India Services Business Activity Index expanded at 53.7 in November, indicated that economy remained on the right path to recovery, with a further upturn in new work supporting business activity growth and the first rise in employment for nine months

Looking ahead, services firms were confident of a rise in business activity in the coming 12 months. The overall degree of optimism improved to a nine-month high

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%