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COVID-19 blues: Centre likely to frame new employment policy to revive job sector

Prime Minister Narendra Modi-led NDA government is likely to frame a new ‘national employment policy’ in the wake of massive job losses due to the coronavirus pandemic.

According to Centre for Monitoring Indian Economy (CMIE) data, salaried employees and daily wage labourers remained the biggest casualties of coronavirus as millions of people lost their jobs last year. The CMIE data noted that India lost a third of its white-collar jobs in the four months from May to August last year. An estimated 59 lakh jobs were lost during this period.

Consequently, the Centre is planning to create a new policy in order to boost employment in the country. The government will carry out surveys and collect the necessary data to formulate relevant policy for every sector, the news report stated, adding that the Centre has roped in the Labour Bureau of India and Ministry of Labour and Employment to chalk out the contours of the policy. Read from source….