2,300 IIPM students get jobs
The global economic recession has impacted our economy and the labour sector has taken the blow directly. How will the new government rejuvenate the labour sector?
Our GDP has grown from 4.5% to 8.5%. It indicates our dedication and commitment in providing basic infrastructure. The Indian government has taken initiatives to get rid of unemployment. In the rural sector, we are using unorganised workers in NREGA. In urban areas, they are being employed in construction work. Still, we cannot rule out the fact that the labour sector is slightly affected by global economic recession.
Recently US President Barack Obama declared reversal of tax cuts and concessions for American outsourcing companies. He even mentioned Bangalore in his speech. Do you think the protectionist policies of developed countries like the US will adversely affect labour markets in India?
We cannot blame Obama for this. Every president has to think first of the welfare of his/her nation. Moreover, we are not completely dependent on America. Our Prime Minister Manmohan Singh is able and competent. Therefore, I think, our economy is safe due to his prudence.
The Deepak Parikh committee had recommended that workers’ pension fund be put into the share market. This issue triggered protests in the past. Provident fund canalisation to share markets is also in the pipeline. The previous UPA government had plans to allow private fund managers to enter the scene. What is the stand of the government?
It is not the question of opposition from one person or a group. Government will always think about the welfare of the workers and will take decisions accordingly. Who will be responsible if the pension fund invested in share markets suffer a loss? We will never let it happen. Government is just guardian of the employee fund and it will safeguard it.
The practice of employing contract workers is increasing in industrial and service sectors alike.
Some employers think that regular workers will affect production and profits of the company. If they appoint a regular worker, according to labour laws, they have to provide all benefits like PF and other things. Hence they opt for contract workers who do not have job security and other imbursements. Therefore, the government is thinking of a new strategy to assure job security to contract workers. It is prepared to implement the required law and create awareness among contract workers in order improve their condition.
Total or partial exclusion of labour laws from the special economic zones (SEZ) is a contentious issue. Workers in SEZ’s feel insecure, threatened and exploited. What is your view?
In the initial days, most states created SEZs with a bunch of amenities to attract industries. Most states offered competitive prices in providing services and basic infrastructures like land, water, power, tax cuts etc. However, there was no scope for exclusion of labour laws. The UPA government is all set to encourage industries, but not at the cost of workers. No development can happen at the cost of labour.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
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Indian Institute of Planning and Management: IIPM New Delhi, India
For More IIPM Info, Visit below mentioned IIPM articles.
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The global economic recession has impacted our economy and the labour sector has taken the blow directly. How will the new government rejuvenate the labour sector?
Our GDP has grown from 4.5% to 8.5%. It indicates our dedication and commitment in providing basic infrastructure. The Indian government has taken initiatives to get rid of unemployment. In the rural sector, we are using unorganised workers in NREGA. In urban areas, they are being employed in construction work. Still, we cannot rule out the fact that the labour sector is slightly affected by global economic recession.Recently US President Barack Obama declared reversal of tax cuts and concessions for American outsourcing companies. He even mentioned Bangalore in his speech. Do you think the protectionist policies of developed countries like the US will adversely affect labour markets in India?
We cannot blame Obama for this. Every president has to think first of the welfare of his/her nation. Moreover, we are not completely dependent on America. Our Prime Minister Manmohan Singh is able and competent. Therefore, I think, our economy is safe due to his prudence.
The Deepak Parikh committee had recommended that workers’ pension fund be put into the share market. This issue triggered protests in the past. Provident fund canalisation to share markets is also in the pipeline. The previous UPA government had plans to allow private fund managers to enter the scene. What is the stand of the government?
It is not the question of opposition from one person or a group. Government will always think about the welfare of the workers and will take decisions accordingly. Who will be responsible if the pension fund invested in share markets suffer a loss? We will never let it happen. Government is just guardian of the employee fund and it will safeguard it.
The practice of employing contract workers is increasing in industrial and service sectors alike.
Some employers think that regular workers will affect production and profits of the company. If they appoint a regular worker, according to labour laws, they have to provide all benefits like PF and other things. Hence they opt for contract workers who do not have job security and other imbursements. Therefore, the government is thinking of a new strategy to assure job security to contract workers. It is prepared to implement the required law and create awareness among contract workers in order improve their condition.
Total or partial exclusion of labour laws from the special economic zones (SEZ) is a contentious issue. Workers in SEZ’s feel insecure, threatened and exploited. What is your view?
In the initial days, most states created SEZs with a bunch of amenities to attract industries. Most states offered competitive prices in providing services and basic infrastructures like land, water, power, tax cuts etc. However, there was no scope for exclusion of labour laws. The UPA government is all set to encourage industries, but not at the cost of workers. No development can happen at the cost of labour.
For more articles, Click on IIPM Article.
Source : IIPM Editorial, 2008
An Initiative of IIPM, Malay Chaudhuri and Arindam Chaudhuri (Renowned Management Guru and Economist).
IIPM Best B-school
IIPM
IIPM Global B-School
IIPM Alumni Officially on Facebook
For More IIPM Info, Visit below mentioned IIPM articles.
Shahrukh khan to Host IIPM 4Ps Annual Business and Marketing Quiz
The Most Revolutionary Concept In Education PLANMAN CHE CENTRE FOR HIGHER EDUCATION, Supported by IIPM India’s Leading B-School
PLANMAN CHE (Centre for Higher Education)
ZEE BUSINESS BEST B SCHOOL SURVEY
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
IIPM: History, and Founder Director Dr. M.K. Chaudhuri
IIPM New Delhi, The Indian Institute of Planning and Management, India
IIPM Placements New Delhi, India
IIPM New Delhi India
IIPM MBA Institute India
IIPM - International
Business and Economy - India's Most Influential Business and ...
Rankings IIPM, The Indian Institute of Planning and Management India
Management Certification, IIPM India
(IIPM) Management Education Institute India
Indian Institute of Planning and Management: IIPM New Delhi, India
For More IIPM Info, Visit below mentioned IIPM articles.
IIPM 4ps Quiz
1500-plus IIPM students placed across the country with 44 bagging international offers
IIPM set to beat economic slowdown
IIPM, GURGAON
IIPM - Admission Procedure
IIPM awards four Bengali novelists
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
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