News: Formalisation of India’s economy has not benefited the informal workforce in India A recently released report by the State Bank of India (SBI) research team has claimed that the informal sector’s share in the overall economy has shrunk from 52% in 2017-18 to 15- 20. While the decline of the informal sector looks like… Continue reading The high cost of India’s illusive quest for formalization
Tag: Informal sector
More than 4 crore unorganized workers registered at e-Shram Portal, India’s first National Database on Unorganized Workers
What is the News? According to the Labour Ministry’s data, more than 4 crores (40 million-plus) workers have registered at the e-Shram portal. Click Here to Read about e-Shram portal Workers Registered on the Portal As per the data, 4.09 crore workers have registered on the portal. Of these around 50.02% of beneficiaries are female… Continue reading More than 4 crore unorganized workers registered at e-Shram Portal, India’s first National Database on Unorganized Workers
India’s informal economy: Challenges and solutions – Explained, pointwise
For 7PM Editorial Archives click HERE → Contents1 Introduction2 What is an informal economy?3 Informal economy scenario 4 What are the challenges associated with informal economy in India?5 What steps have been taken by the government?6 What is the way forward? Introduction The majority of the urban population across the world makes its living from the informal economy. According to… Continue reading India’s informal economy: Challenges and solutions – Explained, pointwise
What the continued distress in informal labour market says
Synopsis: Status of informal sector in India, distress faced by them mainly during the Covid-19 pandemic and various impacts of the sustained divergence between the formal and the informal labour force. Introduction Recently released economic data suggests that the Indian economy has emerged from the second wave of the pandemic better than expected. Two broad… Continue reading What the continued distress in informal labour market says
Centre rolls out new survey to map job creation in the informal sector
What is the news? The Union government has rolled out a nationwide survey, the Area Frame Establishment Survey (AFES), to map employment generation in the unorganized sector and establishments deploying less than 10 workers. About Area Frame Establishment Survey – The informal sector survey has also been designed by veteran labour economist and statistician S.P. Mukherjee.… Continue reading Centre rolls out new survey to map job creation in the informal sector
CSO must rethink informal sector estimates:Pronab Sen
Former Chief Statistician of India has said that Central Statistics Office (CSO) needs to rethink how it estimates the growth of the informal sector as the current method is no longer accurate. The current method uses the corporate sector data to estimate the activity in the non-corporate sector. However,this works only as long as the… Continue reading CSO must rethink informal sector estimates:Pronab Sen
Pension for informal workers
The government, in the interim budget, 2019, has announced Pradhan Mantri Shram-Yogi Maandhan, a pension scheme for workers in the unorganised sector whose income is up to Rs 15,000 per month. Under the scheme, an assured monthly pension of Rs. 3000 rupees per month will be provided to workers in the unorganised sector after 60… Continue reading Pension for informal workers
