Saturday, January 30, 2016
Sack erring government officials who don't mend ways, PM tells secretaries
TNN | Jan 28, 2016
NEW DELHI: In a stern message to government officials refusing to mend their ways despite repeated complaints, Prime Minister Narendra Modi on Wednesday asked secretaries to carry out assessment of such employees and recommend action, including dismissal and slashing their pension.
The PM also asked all central government departments, which have to extensively deal with the public, to set up a grievance-monitoring mechanism.
Thed PM's warning came as he reviewed grievances relating to the excise and customs department during his monthly interaction with central government secretaries and chief secretaries of states through Pro-Active Governance and Timely Implementation (PRAGATI), a web-based interface, sources said.
"Though he (the PM) specifically asked the excise and customs department to identify and take action against such officials, he said the message is for all secretaries and chief secretaries," a secretary level official told TOI.
The department of personnel and training (DoPT) rules specify the circumstances under which an a government officer can be "retired" in "public interest". Rule 56(J) of Fundamental Rules says, "Notwithstanding anything contained in this rule, the appropriate authority shall, if it is of the opinion that it is in public interest to do so, have the absolute right to retire any government servant by giving him notice of not less than three months in writing or three months' pay and allowances."
Employees attaining 55 years can be impacted under this rule.
Similarly, Rule 48 of Central Civil Services (Pension) Rule says, "At any time after a government servant has completed 30 years qualifying service, (a) he may retire from service or (b) he may be required by the appointing authority to retire in public interest, and in case of such retirement, the government servant shall be entitled to a retiring pension."
The PM also asked all central government departments, which have to extensively deal with the public, to set up a grievance-monitoring mechanism.
Thed PM's warning came as he reviewed grievances relating to the excise and customs department during his monthly interaction with central government secretaries and chief secretaries of states through Pro-Active Governance and Timely Implementation (PRAGATI), a web-based interface, sources said.
"Though he (the PM) specifically asked the excise and customs department to identify and take action against such officials, he said the message is for all secretaries and chief secretaries," a secretary level official told TOI.
The department of personnel and training (DoPT) rules specify the circumstances under which an a government officer can be "retired" in "public interest". Rule 56(J) of Fundamental Rules says, "Notwithstanding anything contained in this rule, the appropriate authority shall, if it is of the opinion that it is in public interest to do so, have the absolute right to retire any government servant by giving him notice of not less than three months in writing or three months' pay and allowances."
Employees attaining 55 years can be impacted under this rule.
Similarly, Rule 48 of Central Civil Services (Pension) Rule says, "At any time after a government servant has completed 30 years qualifying service, (a) he may retire from service or (b) he may be required by the appointing authority to retire in public interest, and in case of such retirement, the government servant shall be entitled to a retiring pension."
As per rules, the government can initiate disciplinary action against any employee for dereliction of duty, and his pension and other benefits can be withheld pending investigation.
In an official release, the PMO said that taking strong exception to public complaints and grievances related to the customs and excise department, the PM asked for "strict action against responsible officials. He urged all secretaries whose departments have extensive public dealing, to set up a system for top-level monitoring of grievances immediately".
In an official release, the PMO said that taking strong exception to public complaints and grievances related to the customs and excise department, the PM asked for "strict action against responsible officials. He urged all secretaries whose departments have extensive public dealing, to set up a system for top-level monitoring of grievances immediately".
Officials said though the Central Board of Excise and Customs said it had already been initiating steps to warn errant officials and installed CCTV cameras to keep tab on them, the PM observed that they must take quick action in such cases.
Sources said Modi also asked top bureaucrats to work together and resolve prickly issues quickly and get out of the "government way of doing business" by passing files from one to another.
This was Modi's ninth such interaction through PRAGATI.
Sources said Modi also asked top bureaucrats to work together and resolve prickly issues quickly and get out of the "government way of doing business" by passing files from one to another.
This was Modi's ninth such interaction through PRAGATI.
Source : http://timesofindia.indiatimes.com/
No Revision In Salary If BSNL Not Profitable:CMD |
| “Unless we are profitable the salary is not going to be revised,” BSNL CMD Anupam Shrivastava said. |
Bengaluru: BSNL Chairman and Managing Director (CMD) Anupam Shrivastava today said there won’t be any revision in salary next year unless the company is profitable.
“This is the most crucial year in the history of BSNL, because 2017 will be the year when our salaries are going to be revised as a third PRC (Pay Review Committee), and let me tell you … Unless we are profitable the salary is not going to be revised,” Shrivastava said.
Speaking after launching BSNL Mobile Data Offload service in Karnataka, he said the organisation has to be made profitable.
Pointing out that in the past Air India and ITI couldn’t revise their salaries, Shrivastava said, “so 2017 is a very important year and we have to make sure that this year our profit and loss account looks good.”
“I have instructed all my IFA’s that their prime dutyis to look towards the revenue. Gone are the days when we were sitting and only signing on the file. No, revenue is your prime responsibility,” he said.
He said Karnataka Circle is not doing comparatively good, and he has got commitment from the senior officials that before March 31 they will make the circle “again profitable”.
BSNL after about four years of reporting losses posted anoperating profit of Rs 672 crore for the financial year 2014-15 compared to an operating loss of Rs 691 crore in the previous fiscal.
Calling 2014-15 as the turnaround year for BSNL as it came back to operational profit of Rs 672 crore, Shrivastava said with the support of all the officers and employees the company will increase the profit and within another two to three years (2018-19) it will achieve net profit also.
He said, “it (operational profit) is of very great significance because our salary expense is whopping Rs 15,000 crore, which is more than the top line of many private and government PSUs.”
“… We are not only able to meet such huge staffexpenses, but still we are left with enough cash to do theoperations and maintain on our own and yet come up with a profit of Rs 672 crore. This is the thing we should be proud of, we are now not dependent on anybody,” he added.
PTI
6 Signs That India's Unemployment Problem Might Actually Be Getting Worse
19,000 people applied for 114 posts as sweepers last week in Uttar Pradesh town Amroha, officials said. "Of some 6000 applications we have seen so far, many are graduates in arts and sciences, post-graduates, even engineering graduates and MBAs," Amroha municipal superintendent Faiz Alam.
“Even sweepers in our village have a good standard of living and send their children to English-medium schools," applicant Shamshad Ahmed Saifi of Makhdoompur village, a B Com final year student told the Times of India.
If Q3-Q4 2015, and January 2016 are a sign of things to come, India’s unemployment problem might get worse in the coming years.
75,000 well trained people want to be peons
The New York Times
Last year, the State Government's Directorate of Economics and Statistics, Chattisgarh, was barraged by 75,000 applicants for 30 peon jobs - for a 14,000 Rupee job that includes a task of fetching tea. It wasn’t surprising that of the 70,000 online applications and 5000 post applications, many included requisitions from qualified engineers and management graduates. According to Census 2011 data, over 20% of Indian youth (between the age bracket of 15-24) or 4.7 crore Indians are jobless.
Cash burn is making startups panic and fire startup employees
Last year, realty portal Housing.com announced plans to lay off at least 600 employees, in the wake of wannabe maverick co-founder and former CEO Rahul Yadav's dismissal. "Housing is being completely restructured and performance for each employee across departments is being (scrutinised)," said a top executive at the company, which in July fired for bad behaviour after months of chaos. "While some people have been asked to leave because businesses are being shut down, others because of under-performance and in some cases due to over-staffing," a source stated.
The going is good as long as the funds were pouring in
Fire fast is often more pragmatic option than failing fast, and India's fluid business models mean the need for constantly changing skill sets. The one-year-young Gurgaon-based hyperlocal grocery delivery service closed a Series B funding round of $36 million (around Rs 237 crore) in October this year. In 2015, PepperTap laid off some 40 employees, pegging its current headcount at a little over 2,000. Reasons for the layoffs? Poor performance coupled with a business rejig, as the startup shifted from distributed customer care call centres to a centralized one.
India is still hesitant to add women to the workplace
McKinsey
"Decreased labour force participation of women in India is a big problem. It is very important to promote their participation, their involvement in the Indian economy," the chief of International Labour Organisation research division Raymond Torres said while launching a new global unemployment report.
According to a McKinsey report, women’s equality can add another 12 trillion dollars to the global economy, and India stands to benefit quite a bit: “...the best-in-region outcome could increase annual GDP by 2025 by more than 10 percent over the business-as-usual case, with the highest relative regional boost in India and Latin America…”
India's number of job seekers is only increasing
ap
India's unemployment rate remained at 3.5 per cent in 2014 and 2015 but will decrease slightly to 3.4 per cent in 2016 and 2017, according to the ILO findings. However, the number of people seeking jobs will increase to 17.6 million people in 2017 from 17.5 million people in both 2015 and 2016. This is not India's problem alone: "The global economy is not generating enough jobs to reverse the continuing increase in the alarmingly high unemployment situation in the world," said the ILO Director- General Guy Ryder.
The #StartUpIndia initiative doesn't necessarily mean more employment
reuters
Last week, the Prime Minister Narendra Modi unveiled incentives to boost start-up businesses. These included a tax holiday, capital gains tax exemption, a Rs 10,000 crore corpus, and and no inspections for the first 3 years of a startup's existence. It’s the exemptions from labour inspection that have scared India’s labour community.
The popular faces of #StartupIndia, brands that can afford crores in advertising spends have hired – and fired liberally.
Soon after securing Rs 177 crores in funding to help it last another 12 months, Tiny Owl fired 300 people, in spree across multiple offices was that became the topic of much drama. By November, Housing.com had also fired 600 employees, and announced 200 more layoffs after its shareholders tightened budgets. Food Tech players Zomato and Foodpanda had also fired 300 employees each. PepperTap, which closed around around Rs 237 crore in 2015 suddenly fired 40 employees, citing poor performance and a newer business model.
(With inputs from Agencies and TNN)
Source : http://www.indiatimes.com/
Implementation of the recommendations of the 7th CPC – Meeting of Nodal officers of various Departments will be held on 2.2.2016
Meeting of Nodal officers of various Departments – implementation of the recommendations of the 7th CPC – Issues on way ahead
F.No.1-1/2016- IC
Government of India
Ministry of Finance
Department of Expenditure
New Delhi, 29.1.2016
Meeting Notice
Subject : Meeting of Nodal officers of various Departments – implementation of the recommendations of the 7th CPC – Issues on way ahead.
In order to process the recommendations of the 7th Central Pay Commission, the Cabinet has approved setting up of an Empowered Committee of Secretaries chaired by the Cabinet Secretary. Accordingly, the ECOS has been set up as per this Ministry’s OM No.1-4/2015/EIII-A dt. 27.1.2016 (copy placed on the website of this Ministry, viz, www.finmin.nic.in).
2. As provided in the said OM dt. 27.1.2016, the Implementation Cell created in this Ministry shall work as the Secretariat for the ECOS.
3. This Ministry has already requested all the Ministries/Departments vide DO letter No.1-4/2015/EIII.A dt. 21.11.2015 from JS(Pers) addressed to all the Secretaries to nominate a nodal officer at the level of a Joint Secretary to interact with the Implementation Cell during the curse of processing of the recommendations of the 7th CPC.
4. Accordingly, Joint Secretary (Implementation Cell) shall take a meeting of all the Nodal Officers of the Ministries/Departments on 2.2.2016 at 11 .00 a.m. in Conference Hall (R. No. 72), North Block, New Delhi to discuss the relevant issues in connection with the processing of the recommendations of the 7th CPC and to concretise the points of action pertaining to all the Ministries/Departments in general and also in regard to specific issues concerning individual Ministries/Departments with a view to enabling an effective, holistic and quicker processing of the recommendations of the 7th CPC and for submission of the matter before the ECOS.
5. As this is the first meeting of the Nodal Officers to formulate the action points on the way ahead on processing of the recommendations of the 7th CPC, it is requested that the concerned nodal officers may kindly make it convenient to attend the meeting.
sd-
(Amar Nath Singh)
Deputy Secretary to the Government of India
To
All the nodal officers of Ministries/Departments, as per list attached.
Authority: www.finmin.nic.in
February to be observed as ‘Sukanya Samriddhi’ month
The Department of Posts will observe February as “Selvamagal Semippu Thittam month” and a campaign for opening of Sukanya Samriddhi accounts will be conducted in all the 11 postal divisions in the central region.
About 2.9 lakh accounts have been opened in the post offices in Central Region so far under the scheme. There are more than 3,500 post offices in the central region.
Special counters would be set up in all 24 head post offices at Chidamabram, Cuddalore, Karur, Kulittalai, Kumbakonam, Melakaveri, Mayiladuturai, Sirkali, Nagapattinam, Tiruvarur, Pattukkottai, Tiruthuraipundi, Pudukkottai, Perambalur, Srirangam, Thuraiyur, Mannargudi, Papanasam, Thanjavur, Lalgudi, Tiruchi, Kallakurichi, Tirukoyilur, and Vriddhachalam.
Institutions such as schools, banks, and government offices can open accounts in bulk and contact the respective Postal Division or call 9443847055 to get the accounts opened on their premises itself.
Under the scheme, accounts can be opened in the name of girls aged below 10 by crediting a minimum amount of Rs. 1,000. Subsequent deposits can be made in multiples of Rs. 100 and a minimum of Rs. 1,000 has to be deposited in the account every financial year.
The maximum amount for a financial year is Rs. 1,50,000, a Postal Department release said.
The interest rate which was 9.1 per cent for 2014-15 has been enhanced to 9.2 per cent for 2015-16, the release added.
Source : http://www.thehindu.com
Dopt writes to NC JCM Staff Side - Comments on Gazetted and Restricted Holidays recommended by 7th Pay Commission
F. No.12/23/2015-JCA-2
Government of India
Ministry of Personnel, Public Grievances and Pensions
Department of Personnel and Training
Establishment (JCA – 2) Section
North Block, New Delhi,
Date January 22, 2016
Shri Shiv Gopal Mishra
Secretary
National Council (Staff Side)
Joint Consultative Machinery for Central
Government Employees
13-C, Ferozshah Road, New Delhi 110 001
Subject: Recommendations of the Seventh Pay Commission – Comments – regarding
Sir
Please find attached the extracts of para-9.2.19 on the above Report on ‘Gazetted and Restricted Holidays. The Commission has expressed opinion that the present system is working well and has recommended status-quo.
2. It is requested that your comments in this matter may please be provided to this Department, preferably, by 05.02.2016, so that a view can be taken.
Yours faithfully
sd/-
(G.Srinivasan)
Deputy Secretary to Government of India
Encl: As above
Source: Confederation
Friday, January 29, 2016
Sack erring government officials who don't mend ways, PM tells secretaries
TNN | Jan 28, 2016
NEW DELHI: In a stern message to government officials refusing to mend their ways despite repeated complaints, Prime Minister Narendra Modi on Wednesday asked secretaries to carry out assessment of such employees and recommend action, including dismissal and slashing their pension.
The PM also asked all central government departments, which have to extensively deal with the public, to set up a grievance-monitoring mechanism.
Thed PM's warning came as he reviewed grievances relating to the excise and customs department during his monthly interaction with central government secretaries and chief secretaries of states through Pro-Active Governance and Timely Implementation (PRAGATI), a web-based interface, sources said.
"Though he (the PM) specifically asked the excise and customs department to identify and take action against such officials, he said the message is for all secretaries and chief secretaries," a secretary level official told TOI.
The department of personnel and training (DoPT) rules specify the circumstances under which an a government officer can be "retired" in "public interest". Rule 56(J) of Fundamental Rules says, "Notwithstanding anything contained in this rule, the appropriate authority shall, if it is of the opinion that it is in public interest to do so, have the absolute right to retire any government servant by giving him notice of not less than three months in writing or three months' pay and allowances."
Employees attaining 55 years can be impacted under this rule.
Similarly, Rule 48 of Central Civil Services (Pension) Rule says, "At any time after a government servant has completed 30 years qualifying service, (a) he may retire from service or (b) he may be required by the appointing authority to retire in public interest, and in case of such retirement, the government servant shall be entitled to a retiring pension."
The PM also asked all central government departments, which have to extensively deal with the public, to set up a grievance-monitoring mechanism.
Thed PM's warning came as he reviewed grievances relating to the excise and customs department during his monthly interaction with central government secretaries and chief secretaries of states through Pro-Active Governance and Timely Implementation (PRAGATI), a web-based interface, sources said.
"Though he (the PM) specifically asked the excise and customs department to identify and take action against such officials, he said the message is for all secretaries and chief secretaries," a secretary level official told TOI.
The department of personnel and training (DoPT) rules specify the circumstances under which an a government officer can be "retired" in "public interest". Rule 56(J) of Fundamental Rules says, "Notwithstanding anything contained in this rule, the appropriate authority shall, if it is of the opinion that it is in public interest to do so, have the absolute right to retire any government servant by giving him notice of not less than three months in writing or three months' pay and allowances."
Employees attaining 55 years can be impacted under this rule.
Similarly, Rule 48 of Central Civil Services (Pension) Rule says, "At any time after a government servant has completed 30 years qualifying service, (a) he may retire from service or (b) he may be required by the appointing authority to retire in public interest, and in case of such retirement, the government servant shall be entitled to a retiring pension."
As per rules, the government can initiate disciplinary action against any employee for dereliction of duty, and his pension and other benefits can be withheld pending investigation.
In an official release, the PMO said that taking strong exception to public complaints and grievances related to the customs and excise department, the PM asked for "strict action against responsible officials. He urged all secretaries whose departments have extensive public dealing, to set up a system for top-level monitoring of grievances immediately".
In an official release, the PMO said that taking strong exception to public complaints and grievances related to the customs and excise department, the PM asked for "strict action against responsible officials. He urged all secretaries whose departments have extensive public dealing, to set up a system for top-level monitoring of grievances immediately".
Officials said though the Central Board of Excise and Customs said it had already been initiating steps to warn errant officials and installed CCTV cameras to keep tab on them, the PM observed that they must take quick action in such cases.
Sources said Modi also asked top bureaucrats to work together and resolve prickly issues quickly and get out of the "government way of doing business" by passing files from one to another.
This was Modi's ninth such interaction through PRAGATI.
Sources said Modi also asked top bureaucrats to work together and resolve prickly issues quickly and get out of the "government way of doing business" by passing files from one to another.
This was Modi's ninth such interaction through PRAGATI.
Source : http://timesofindia.indiatimes.com/
National Pension System (NPS) Service Week will be observed from 1st February to 6th February, 2016
Press Information Bureau
Government of India
Ministry of Finance29-January-2016 11:35 IST
Government of India
Ministry of Finance29-January-2016 11:35 IST
To mark the completion of two years of statutory status of PFRDA, National Pension System (NPS) Service Week will be observed from 1st February to 6th February, 2016 dedicated to service-orientation towards the subscribers and building awareness and improved information dissemination.
PFRDA would be completing 2 years of its statutory status on February 1, 2016 as the ACT conferring the statutory status to PFRDA was notified on 1st Feb 2014. To mark this occasion, PFRDA in collaboration with all its intermediaries in the National Pension System (NPS), namely the Central and the State Governments nodal offices, POPs, Aggregators, Central Recordkeeping Agency, NPS Trust etc. is observing NPS Service Week from February 1- 6, 2016. This week-long campaign is being dedicated to service-orientation towards the subscribers and aimed at awareness building and improved information dissemination.On this occasion, besides sharing of information on the range of functionalities and services now available under the NPS, the subscriber community shall be apprised about the need for constant updation of data/information to enable the system to operate at its optimum service level, so that the intended benefits now available under the new functionalities, can reach all the employees/subscribers under NPS. Besides, the subscribers will also be able to make best use of this opportunity and facilities available therein.
Following are some of the activities which may be undertaken by the nodal officers in the proposed NPS Service Week:
• Creating awareness about the NPS – Salient features of the scheme, the process of joining it, special efforts to reduce subscribers’ grievances, etc.
• Printing and distribution of the subscriber brochure for Govt. Subscribers.
• Updation of subscriber details through S2 Form.
• Conversion of non IRA to IRA compliant status.
• Advising subscribers regarding benefits associated with PRAN being IRA compliant and updation of contact details.
• Printing of Transaction Statement for the subscribers and distributing the same on the specific request of the subscriber.
• Suitably rewarding/ acknowledging the best performing office/ branch/ person on completion of the NPS Service Week.
PFRDA has also advised the CRA (NSDL) in this matter for actively assisting the Nodal Offices, POPs and aggregators in this campaign and for providing necessary guidance and further information to the employee-subscribers. This exercise is likely to help around 95 lakhs subscribers and would be available through more than 2 lakhs of points of interface comprising of Government offices , banks, non- bank Points of Presence and aggregators.
On its part, the Pension Fund Regulatory and Development Authority is organizing the 2nd Pension Conclave in Delhi on 4th February 2016 with the theme, “Towards Universal Pension: Coverage, Adequacy and Sustainability”. All the stake holders – POPs, CRA, TB, PFs, Custodian, Nodal Officers etc are expected to participate and share their experiences. PFRDA proposes to use this occasion to acknowledge/ award the best performing banks and Post Offices in mobilization and registration of subscribers under the Atal Pension Yojana up to 31st December 2015 and institute awards for best performing POPs under the Voluntary segment of the National Pension System.
violation in fixing of Business hours of Post offices
It was informed by Directorate that violation in fixing of Business hours of Post offices such as fixing of SB counter hours for 7 hours, extended business hours on Saturdays etc is observed in many postal circles. Directorate has ordered to observe the provisions of clause 5 of PO Guide Part I scrupulously while fixing PO Business hours.
Copy of Postal Directorate letter dated 07.01.2015 on the above subject matter is reproduced below.
No Revision In Salary If BSNL Not Profitable: CMD
|
| “Unless we are profitable the salary is not going to be revised,” BSNL CMD Anupam Shrivastava said. |
Bengaluru: BSNL Chairman and Managing Director (CMD) Anupam Shrivastava today said there won’t be any revision in salary next year unless the company is profitable.
“This is the most crucial year in the history of BSNL, because 2017 will be the year when our salaries are going to be revised as a third PRC (Pay Review Committee), and let me tell you … Unless we are profitable the salary is not going to be revised,” Shrivastava said.
Speaking after launching BSNL Mobile Data Offload service in Karnataka, he said the organisation has to be made profitable.
Pointing out that in the past Air India and ITI couldn’t revise their salaries, Shrivastava said, “so 2017 is a very important year and we have to make sure that this year our profit and loss account looks good.”
“I have instructed all my IFA’s that their prime dutyis to look towards the revenue. Gone are the days when we were sitting and only signing on the file. No, revenue is your prime responsibility,” he said.
He said Karnataka Circle is not doing comparatively good, and he has got commitment from the senior officials that before March 31 they will make the circle “again profitable”.
BSNL after about four years of reporting losses posted anoperating profit of Rs 672 crore for the financial year 2014-15 compared to an operating loss of Rs 691 crore in the previous fiscal.
Calling 2014-15 as the turnaround year for BSNL as it came back to operational profit of Rs 672 crore, Shrivastava said with the support of all the officers and employees the company will increase the profit and within another two to three years (2018-19) it will achieve net profit also.
He said, “it (operational profit) is of very great significance because our salary expense is whopping Rs 15,000 crore, which is more than the top line of many private and government PSUs.”
“… We are not only able to meet such huge staffexpenses, but still we are left with enough cash to do theoperations and maintain on our own and yet come up with a profit of Rs 672 crore. This is the thing we should be proud of, we are now not dependent on anybody,” he added.
PTI
6 Signs That India's Unemployment Problem Might Actually Be Getting Worse
19,000 people applied for 114 posts as sweepers last week in Uttar Pradesh town Amroha, officials said. "Of some 6000 applications we have seen so far, many are graduates in arts and sciences, post-graduates, even engineering graduates and MBAs," Amroha municipal superintendent Faiz Alam.
“Even sweepers in our village have a good standard of living and send their children to English-medium schools," applicant Shamshad Ahmed Saifi of Makhdoompur village, a B Com final year student told the Times of India.
If Q3-Q4 2015, and January 2016 are a sign of things to come, India’s unemployment problem might get worse in the coming years.
75,000 well trained people want to be peons
The New York Times
Last year, the State Government's Directorate of Economics and Statistics, Chattisgarh, was barraged by 75,000 applicants for 30 peon jobs - for a 14,000 Rupee job that includes a task of fetching tea. It wasn’t surprising that of the 70,000 online applications and 5000 post applications, many included requisitions from qualified engineers and management graduates. According to Census 2011 data, over 20% of Indian youth (between the age bracket of 15-24) or 4.7 crore Indians are jobless.
Cash burn is making startups panic and fire startup employees
Last year, realty portal Housing.com announced plans to lay off at least 600 employees, in the wake of wannabe maverick co-founder and former CEO Rahul Yadav's dismissal. "Housing is being completely restructured and performance for each employee across departments is being (scrutinised)," said a top executive at the company, which in July fired for bad behaviour after months of chaos. "While some people have been asked to leave because businesses are being shut down, others because of under-performance and in some cases due to over-staffing," a source stated.
The going is good as long as the funds were pouring in
Fire fast is often more pragmatic option than failing fast, and India's fluid business models mean the need for constantly changing skill sets. The one-year-young Gurgaon-based hyperlocal grocery delivery service closed a Series B funding round of $36 million (around Rs 237 crore) in October this year. In 2015, PepperTap laid off some 40 employees, pegging its current headcount at a little over 2,000. Reasons for the layoffs? Poor performance coupled with a business rejig, as the startup shifted from distributed customer care call centres to a centralized one.
India is still hesitant to add women to the workplace
McKinsey
"Decreased labour force participation of women in India is a big problem. It is very important to promote their participation, their involvement in the Indian economy," the chief of International Labour Organisation research division Raymond Torres said while launching a new global unemployment report.
According to a McKinsey report, women’s equality can add another 12 trillion dollars to the global economy, and India stands to benefit quite a bit: “...the best-in-region outcome could increase annual GDP by 2025 by more than 10 percent over the business-as-usual case, with the highest relative regional boost in India and Latin America…”
India's number of job seekers is only increasing
ap
India's unemployment rate remained at 3.5 per cent in 2014 and 2015 but will decrease slightly to 3.4 per cent in 2016 and 2017, according to the ILO findings. However, the number of people seeking jobs will increase to 17.6 million people in 2017 from 17.5 million people in both 2015 and 2016. This is not India's problem alone: "The global economy is not generating enough jobs to reverse the continuing increase in the alarmingly high unemployment situation in the world," said the ILO Director- General Guy Ryder.
The #StartUpIndia initiative doesn't necessarily mean more employment
reuters
Last week, the Prime Minister Narendra Modi unveiled incentives to boost start-up businesses. These included a tax holiday, capital gains tax exemption, a Rs 10,000 crore corpus, and and no inspections for the first 3 years of a startup's existence. It’s the exemptions from labour inspection that have scared India’s labour community.
The popular faces of #StartupIndia, brands that can afford crores in advertising spends have hired – and fired liberally.
Soon after securing Rs 177 crores in funding to help it last another 12 months, Tiny Owl fired 300 people, in spree across multiple offices was that became the topic of much drama. By November, Housing.com had also fired 600 employees, and announced 200 more layoffs after its shareholders tightened budgets. Food Tech players Zomato and Foodpanda had also fired 300 employees each. PepperTap, which closed around around Rs 237 crore in 2015 suddenly fired 40 employees, citing poor performance and a newer business model.
(With inputs from Agencies and TNN)
Source : http://www.indiatimes.com/
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