Wage a war against informality
Does not recognise diversity: There is no such thing as India’s labour market and our states have very different levels of infrastructure, productivity, clustering, skills, urbanisation and costs...
India is still inadequately Formalised, Financialised, Urbanised, Industrialised and Skilled. While the regulatory challenges do pose questions on smoother business functioning and consequent job creation, there are several underlying factors which indicate that there is a lot of work to be done in employment, employability, and ease of doing business.
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The evolution of human resource management in India is a compelling story of how businesses have transformed their approach to people. What started as a department focused on records, payroll, and compliance has grown into a strategic engine for talent,...
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Budget 2017: 3 interventions each for improving education and skills, and increasing formal employment.
Non-fiscal interventions for formal employment Allow low-wage employees (people with less than Rs 20,000 per month salary) to choose mandatory salary confiscation: Today, low-wage employees only receive 55%...
