Employment increases by 5.21 lakh in FY15; 64,000 in Jan-Mar
- Employment rose in 8 sectors including IT/BPO, automobiles, gems & jewellery and textile by 5.21 lakh last fiscal
- The 8 sectors also include handloom/powerloom, leather, transport and metal
- Job Creation remained little stressed in the January-March quarter at 64,000 over the previous quarter, as per Labour Bureau’s ’25th Quarterly Report on Changes in Employment’.
- During the first three quarters of 2014-15, these sectors witnessed an overall increase in employment by 1.82 lakh, 1.58 lakh and 1.17 lakh over the previous quarters.
- As per the 24th report, the overall employment had reduced by 36,000 in the January-March quarter in 2013-14.
- The report also stated that the overall employment increased by 2.76 lakh during 2013-14, lower than 5.21 lakh in the previous fiscal.
- At industry level, the highest increase in employment is observed in IT/BPOs sector where jobs increased by 37,000 during January-March, over November-December, 2014, followed by textiles including apparel sector (24,000), automobiles sector (20,000) and metals sector (1,000).
- The largest decrease in employment was recorded in leather sector (8,000) followed by gem & jewellery (6,000), transport (2,000) and handloom/powerloom (2,000).
- In the direct category of workers, employment has increased by 15,000 whereas for contract category of workers, it has increased by 49,000 during the quarter ended March, 2015 over December, 2014.
- Employment in the exporting units has increased by 73,000 at overall level, whereas in the non-exporting units, it has decreased by 9,000 during January-March, 2015 over the previous quarter November-December, 2014.
- Labour Bureau has been conducting a series of quarterly quick employment surveys since January, 2009 to study the impact of global economic slowdown on employment in Indian economy.
Virender Sehwag retires from International cricket
- The flamboyant Virender Sehwag, one of the world’s most destructive batsmen to have played the game, today announced his retirement from international cricket and the Indian Premier League, bringing an end to an illustrious career spanning over a decade.
- Sehwag had already hinted about his imminent retirement at a function in Dubai yesterday and chose his 37th birthday today to put an end to his amazing career and said he was grateful to have done things his way.
- “I have always done what I felt was right and not what conformists thought to be right. God has been kind and I have done what I wanted to do — on the field and in my life. And I had decided some time back that I will retire on my 37th birthday. So today, while I spend my day with my family, I hereby announce my retirement from all forms of International Cricket and from the Indian Premier League,” Sehwag said in a statement.
- In a glorious international career spanning over 12 years, Sehwag played 104 Tests scoring 8586 runs at an impressive average of 49.34, hitting 23 centuries and 32 half-centuries.
- He is the only triple centurion in Tests for India having scored a career-best knock of 319 against Pakistan at Multan, which also is an Indian record. He is also one of those rare batsmen to have scored two triple tons with his next one (309) coming against South Africa.
- In 251 ODIs, he accumulated 8273 runs at an average of 35.05 and scored 15 hundreds apart from hitting 38 fifties. In 19 Twenty20 Internationals, he managed 394 runs with two half -centuries.
Tata Steel to cut about 1,200 UK jobs in restructuring
- India’s Tata Steel on Tuesday said it would cut around 1,200 jobs at two plants in Britain, blaming the move in part on cheap imports from China
- “This comes in response to a shift in market conditions caused by a flood of cheap imports, particularly from China, a strong pound and high electricity costs,” Tata said in a statement coinciding with the start of a four-day visit to Britain by Chinese President Xi Jinping.
- Tata, confirming weekend reports, said its action “would lead to around 1,200 job losses”, comprising about 900 in Scunthorpe, northern England, 270 in Scotland and a “small number” at other European sites.
- Last month, meanwhile, Thai steelmaker SSI announced it was cutting 1,700 jobs and suspending production at the Redcar plant in northeast England owing to plunging steel prices on world markets.
- Unions have urged the British government to intervene to save the steel sector, which employs 30,000 people in the country but faces gruelling competition from China.
Government against hording – over 5,800 tonnes of pulses seized
- The Centre today said action against hoarders and blackmarketeers has been stepped up and the state governments have seized over 5,800 tonnes of pulses in five states over the last few months.
- This is basically aimed at boosting supply and bringing down prices of tur dal that have shot up to Rs 200 per kg.
- “We had directed state governments to enforce the Essential Commodities Act more stringently. As a result, some state governments have carried out surprised inspections and seized large quantities of pulses,” Consumer Affairs Secretary C Vishwanath told PTI.
- Of the entire amount, 2,549 tonnes have been seized from Telangana, 2,295 tonnes from Madhya Pradesh, 600 tonnes from Andhra Pradesh, 360 tonnes from Karnataka and 10 quintals from Maharashtra, the ministry’s data showed.