IIM ROHTAK HUMANE-R CLUB Presents
HR BULLETIN VOLUME 4
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1. More formal jobs have been created in the economy: Chief Economic Advisor The chief economic advisor, Krishnamurthy Subramanian, said that there has been a significant change in the nature of employment in the country in 2017-18 compared to 2011-12.The CEA said that the proportion of regular salaried workers in the country has gone up by 5 per cent while that of casual workers has come down by the same proportion.The findings point towards a more formalisation of economy adding more salaried workers to the workforce. The CEA also pointed out that proportion of remunerative jobs has increased both in urban and rural areas. Proportion of remunerative jobs has increased by 3.3% in rural areas and 1.4% in urban areas.Proportion of workers in agriculture has gone down by 5 %. Four per cent absorbed in services and 1 % by industry, the CEA added. The CEA said the proportion of regular salaried workers in the country rose by 5 per cent, while that of casual workers fell by the same proportion Read more at: https://www.ndtv.com/business/more-formal-jobs-created-in-fy18-chiefeconomic-advisor-krishnamurthy-subramanian-2148692
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2. India’s story has just begun: Amitabh Kant
WASHINGTON: The series of pathbreaking and ambitious reforms unleashed by the Modi government in the last few years will make India a very competitive and productively-efficient economy in the long run, a top Indian official said on Friday. "There is a great positivity about India," NITI Aayog CEO Amitabh Kant told in an interview here as he wound up his three-city US tour for a series of interaction with academicians, innovators, startups, corporate leaders and government officials in Boston, New York and Washington DC. People here believe that the fundamental reforms that have been gathered out in India across the economy, including GST, in terms of ending crony capitalism with the bankruptcy code, in terms of real estate reforms through RERA and in terms of direct benefit transfer, "will make India a very competitive and productively-efficient economy in the long run," Kant said.
The country had ended crony capitalism by bringing in the insolvency and bankruptcy code, Kant said
“India, after the implementation of the Goods and Services Tax (GST), was on its way to become one of the most formalised economies of the world, Kant said”
"The goal of the government is to make it a USD 5 trillion economy by 2025. We are all working towards that. We will deliver that and make India one of the easiest and simplest countries in the world. "We are determined to reach the top 50 in the next year on World Bank's ease of doing business index and in the top 25 in the next three years," he said, adding, "This goal is very much achievable.”
Replying to a question on the economic growth figures, which are among the lowest in recent years, Kant said these were shortterm indicators and that India was on track to be a USD 5 trillion economy.
"India's story has just begun," he added."Our process of urbanisation, infrastructure creation, using technology to leapfrog has just begun and you will see a huge growth in the next three decades on the foundation of the reforms that have been carried out," the NITI Aayog CEO asserted.
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Earlier in the day, Kant formally released the India Innovation Index in the United States at an event organised by the US India Business Council, along with Google. India, under Prime Minister Narendra Modi, was moving fast on the track of ease of doing business, the NITI Aayog CEO said.
Read more at: //economictimes.indiatimes.com/articleshow/72586833.cms? utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
3. Tata Steel asks LGBTQ+ employees to declare partners, avail HR benefits Under the expanded diversity and inclusion (D&I) policy, Tata Steel employees and their partners will be able to avail a host of benefits including health check-up, medical facilities, adoption leave, new-born parent and child care leave, and inclusion in employee assistance programme (EAP). Employees will also get financial assistance for gender reassignment surgery and 30 days special leave for the same, the steel maker said. They will also be eligible for Tata Executive Holiday Plan (TEHP), honeymoon package and domestic travel coverage for new employees, it said.
Tata Steel on Monday said it has introduced a new human resource policy that enables its employees from the LGBTQ+ community to declare their partners and avail all HR benefits permissible under the law. With its vision to provide equal opportunity to the employees, it has been an endeavour of the company to create an enabling workforce for all diverse groups, respecting and embracing the differences in the individuals, the steel maker said in a statement. "Partners mean people of same-sex living like a married couple," it said. LGBTQ+ refers to lesbian, gay, bisexual, transgender, questioning and related communities.
�Employees will also get financial assistance for gender reassignment surgery and 30day special leave for the same “
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The report, written by Open for Business, a global coalition of companies that seek to promote LGBT+ inclusive societies, analysed businesses from emerging markets such as Chile, India, Malaysia and Turkey. It found that about 60% of the Indian companies surveyed belonged to the very top tier of companies that are non-discriminatory, in particular towards LGBT+ populations. This is significantly higher than the average of 39% for all companies. Companies that fall into the top tier are also better at retaining employees, better able to market to consumers and have stronger corporate governance, said Drew Keller, global program director. "The company's vision is to be a world-class equal opportunity employer where everyone is respected and every voice is heard. It is a constant endeavour of the company to create an enabling workplace for all diverse groups, respecting and embracing the differences in the individuals," the statement said.  
new report analysing fast-growing businesses in emerging markets suggests that companies that do well on LGBT+ (an umbrella term for lesbian, gay, bisexual, transgender and other gender minorities) inclusion have a greater share of their revenues coming from global business.
Read more at: //economictimes.indiatimes.com/articleshow/72437377.cms? utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
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