>>
Home / Knowledge / News / Govt to provide unemployment allowance to jobless workers

Govt to provide unemployment allowance to jobless workers

01
Aug '09
Following is the Text of the Statement of the Union Minister of Labour & Employment, Shri Mallikarjun Kharge in reply to the Calling Attention Notice given by Shri Gurudas Dasgupta, Shri Basudeb Acharia and Advocate A. Sampath Members of Parliament(Lok Sabha) regarding “Situation arising out of large-scale loss of jobs due to retrenchment and closure of industries, including IT sector, and steps taken by the government in this regard”.

Text of the Minister's Statement
“The impact of global slowdown on the Indian economy has been felt since the middle of 2008. Keeping in view the importance and multi-faceted nature of the challenge, the Ministry of Labour & Employment convened the 42nd Session of Indian Labour Conference, which epitomizes the process of tripartite consultation, in February, 2009.

An Agenda Item on “Global Financial Crisis – its effect viz., large scale downsizing, lay-offs, wage cut and job losses,etc.' was discussed by the Conference in this sitting. Measures suggested by the Conference to fight global slowdown include urgent steps to stimulate domestic demand, greater investment in infrastructure and housing, and strict implementation of labour laws.

To counter the negative fallout of the global slowdown on the Indian economy, Government of India provided three focussed fiscal stimulus packages in the form of tax relief and increased expenditure on public projects while the RBI took a number of monetary easing and liquidity enhancing steps in order to boost domestic demand.

These measures have helped in keeping the Indian economy on growth trajectory, though at a moderate level when compared with the performance of recent past. As is evident from the budget for the year 2009-10 presented by Hon'ble Finance Minister, the Government has continued with the policies aimed at boosting demand, generating employment and creating infrastructure in rural and urban areas through measures such as enhancing the exemption limit in personal income tax, eliminating the surcharge on personal income tax, raising the deduction limit under section 80-DD in respect of maintenance of a dependent who is a person with severe disability, and increased public expenditure, especially on social sector programmes.

These measures are also likely to act as a safety net for the vulnerable sections of society including the workers who may have lost their jobs as a result of economic slowdown.

To boost the construction activity which generates substantial employment in the economy, interest rate subsidy has been offered for housing loan borrowers from the lower and middle-income groups.

In addition, individual Ministries and Departments have also taken steps to counter adverse effects of global slowdown on Indian Economy. These include Interest subvention of 2% to intensive sectors for exports viz., Textiles (including Handlooms), Handicrafts, Leather, Gems & Jewellery, MarineProducts and SMEs; additional funds of Rs. 1400 crore for Ministry of Textiles to clear the backlog claims of textile units under Technology Upgradation Fund (TUF); and putting in place a high level monitoring mechanism so that immediate further corrective measures can be taken as may be required.


Must ReadView All

Pic: Shutterstock

Textiles | On 24th May 2022

US textile & apparel exports up 13% in January-March 2022

The exports of textiles and apparel from the United States were up by ...

Pic: Shutterstock

Apparel/Garments | On 24th May 2022

As German economy foresees a shrink, Bangladesh's exports may reduce

As the German economy is at the risk of shrinking by 2 per cent this...

Pic: Shutterstock

Textiles | On 24th May 2022

China to initiate steps to keep major economic indicators stable

China will adopt a slew of strong and targeted measures to stabilise...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Textile Industry, Head honchos

Textile Industry
Head honchos

Next level is to inject new features:

Annabelle Georgina Hutter,

Annabelle Georgina Hutter

A Swiss, family-owned and run textile sourcing and supply company...

Dr Anton Firth & Dr Aida Rafat,

Dr Anton Firth & Dr Aida Rafat

Founded in 2020 in London, DyeRecycle develops an innovative dyeing fibres ...

Rajesh Masand,

Rajesh Masand

Established in 1963, the Clothing Manufacturers Association of India, or...

Ingo Soller, TWE Group

Ingo Soller
TWE Group

The TWE Group is one of the leading global players in the nonwovens...

Seth Casden, Hologenix

Seth Casden
Hologenix

Hologenix is a material sciences company dedicated to developing products...

Frank Heislitz, Freudenberg Performance Materials

Frank Heislitz
Freudenberg Performance Materials

Freudenberg Performance Materials is a leading global manufacturer of...

Marylin Fitoussi, Netflix Show - Emily In Paris

Marylin Fitoussi
Netflix Show - Emily In Paris

Netflix’s renowned show Emily in Paris’s costume designer Marylin Fitoussi ...

Johnny Cirillo, Watching NewYork

Johnny Cirillo
Watching NewYork

Johnny Cirillo, renowned for his candid photography in the streets of New...

DR. M.M Kariappa, Vogue Institute of Art and design

DR. M.M Kariappa
Vogue Institute of Art and design

<div>Dr. MM Kariappa started Vogue Institute of Art &amp; Design in the...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Lacoste (Wanchai)
Centric Software
Grasim Industries Limited
Gatsby Africa
NV Michel Van de Wiele
Thai Acrylic Fibre Company Limited
SHAHI Exports Pvt Ltd
COTTON COUNCIL INTERNATIONAL
Taiwan Textile Federation (TTF)
Desigual - ABASIC, S.A.
TEXVALLEY MARKET LIMITED
IDH – The Sustainable Trade Initiative
EPCH
TESTEX AG, Swiss Textile Testing Institute
Groz-Beckert East Asia LLP
BTSR International S.P.A.
GHCL LIMITED
Alix Partners
Etam Group Strategy Hong Kong Limited
Seasalt Limited
Maceton Limited
Sateri (Jiujiang) Fiber Co.,Ltd
Green Fibre
Tradewind International Servicing
Permoda(Koaj/Armi/Pronto/Bkul)
BRINKMANN GMBH
Thermore (Far East) Ltd.
Haelixa AG
NITI Aayog
H. Stoll AG & Company KG
Lululemon Athletica Inc
Aquarelle Clothing Limited
PVH Corporation
Babyshop
Rosset ;& Cia Limited
TESCO INTERNATIONAL SOURCING LIMITED
TÜYAP IHTISAS FUARLARI A.S.
Eastman Chemical Company
USTER
John Varvatos
Jindal Worldwide Limited
Recron Polyester from Reliance Industries Limited
EUROVET ASIA LTD
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
APLF Limited
Zydex Industries
Gloria Jeans
The LYCRA Company Singapore  Pte. Ltd
International Textile Manufacturers Federation
Tuyap Tum Fuarcilik Yapim A.S.
BIMBA ;& LOLA SL
Color Service s.r.l.
Indofil Industries Limited - Specialty & Performance Chemicals Division
Page Industries Limited (Bangalore)
Messe Frankfurt Exhibition GmbH
ITMA Services Pte Ltd
Vardhman Textile Ltd
The Top Form Brassiere Manufacturing Company Limited
Xtema - Thomas Lebherz Textilmaschinen
Nihalani Events Management
Arvind Limited
Newtech Textile Technology Development (Shanghai) Company Limited
Truetzschler India Private Limited
Recron Polyester from Reliance Industries Limited
Calvin Klein
Brandix Lanka Limited
Applied DNA Sciences Inc
Comasia Limited
Loris Bellini S.r.l.
Copenhagen Fashion Summit
C;&A Sourcing International Ltd
Datacolor AG Europe
IFF Media Ag - International Media Services
G-Star Raw C.V.
Varner AS Retail
Groz-Beckert KG
H;&M Hennes ;& Mauritz (Far East) Ltd
Thai Trade Center
Aramark Uniform ;& Career Apparel, LLC
BTC Textiles LLC
Landmark Group
Flainox S.r.l.
Palexpo SA
Amazon China
International Sourcing Expo Australia
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
X-Rite Asia Pacific Limited (HK)
Chori Company Limited
Sportswear Company Spa
SUZHOU TUE HI-TECH NONWOVEN MACHINERY CO.,LTD
Lifestyle
Mayer & Cie. GmbH & Co. KG
Vianney Textil Hogar S.A. De C.V.
GIOVANNI BOZZETTO S.p.A.
LC Waikiki
Lottmann Communications
Nandan Denim Limited
Gokaldas Exports Limited
Tommy Hilfiger
Benetton Group
JES MEDIA, INC
Saurer Textile Solutions Pvt. Ltd.
Tory Burch Hong Kong Ltd
Shima Seiki Mfg. Ltd.
IKEA of Sweden AB
Hirdaramani International Export Private Limited
KIABI
Alison Hayes Romania
Bluesign Technologies Ag
Kornit Digital Asia Pacific Ltd
Marzoli Machines Textile s.r.l.
Boardriders Asia Sourcing Limited
Woolmark Services India Pvt. Ltd.
BIANCA
Dow Silicones Corporation
FULGAR SpA
Lisa S.P.A.
Sportmaster Ltd.
EMBEE CORPORATION
Messe Duesseldorf
Helly Hansen Far East Ltd
Rayonese Textile Inc., Division de Culp Inc.
K AND D ITMACH EXPOSITIONS LLP
IIGM Private Limited
Zünd Systemtechnik AG
China World International Exhibition Company Limited
DuPont de Nemours, Inc.,
VNU Exhibitions Asia
Savio Macchine Tessili S.P.A.
Abit
Huntsman (Singapore) Pte Ltd
Inter Expo Center Ltd.
Kern – Liebers Textile
Reiter India Private Limited
Walmart
Hela Clothing Pvt Ltd
Guess Europe Sagl,
SYNERGIES HONG KONG LIMITED
The LYCRA Company Singapore  Pte. Ltd
Phong Phu international JSC (PPJ)
G.A.S. unternehmenskommunikation gmbh
Colours India Inc
Mesdan SPA
Weitmann & Konrad GmbH & Co. KG
T.T. Limited
Indo Tex
Chico’ FAS
Telangana State Industrial Infrastructure Corporation Limited (TSllC Ltd)
Lectra Technologies India Pvt Ltd.
Esprit Europe Services GmbH
Asos
Splash
CGS Inc.
Coats Digital Limited
ZAITEX spa
Officina Meccanica Dora Enrico Srl
Under Armour Global Sourcing Ltd
OVS Hong Kong Sourcing Ltd.
Brückner Trockentechnik GmbH & Co. KG
Istanbul Fuarcilik A.S.
Infor (Hong Kong) Limited
UBM China (Shanghai)
Itema Weaving (India) Private Limited
Target Corporation (MN)
Karl Mayer Textilmaschinenfabrik GmbH
Restoque S.A.
Cat Tuong Real Estate Group Joint Stock Company
Datatex Consulting Srl
Eurofins BLC Leather Technology Centre Ltd
Decathlon
Rieter India Private Limited
Sainsbury's Argos Asia Limited
GERBER TECHNOLOGY LTD.
Midas Clothing Limited
Tchibo GmbH
Lenzing Aktiengesellschaft
Aleph Srl
THE BOMBAY DYEING ;& MFG.CO. LTD
Stahl Holdings B.V.,
KAS Direct Sourcing
Performance Days
Italian Trade Commission
J ;& P Coats
DyStar India Pvt. Ltd
CSGIA(China Screen Printing & Graphic Imaging Association)
Bluestem Global Sourcing Limited
Meera Dyestuff Industries
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Shanghai  Aige Exhibition Service Co., Ltd
Equinox Impex India
MAS Active / MAS Kreeda / MAS Bodyline
Pt. Peraga Nusantara Jaya Sakti
Gap International Sourcing Limited
Puma
Jiangsu Yingyang Nonwoven Machinery Company Limited
FESPA (Reigate)
N9 World Technologies Private Limited
Lenzing Aktiengesellschaft - India

May 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search