MINISTER OF STATE (IC) FOR LABOUR AND EMPLOYMENT
(SHRI BANDARU DATTATREYA)
(a) to (d): A statement is laid on the Table of the House.
*** *******
STATEMENT REFERRED TO IN REPLY TO PARTS (a) TO (d) OF LOK SABHA STARRED QUESTION NO. 503 FOR 10.04.2017 BY SHRI HARINARAYAN RAJBHAR REGARDING IMPACT OF GLOBAL SLOWDOWN ON LABOUR AND INDUSTRY.
(a) & (b): V.V. Giri National Labour Institute, an autonomous institution of the Ministry of Labour & Employment had conducted a study based on a request of the Ministry of Commerce and Industry on Global Downturn and Export Sector in India: Impact on Production, Export and Employment during 2009-2010. The main objective of the study was to assess the impact of the economic slowdown on exports, production and employment in three specific export intensive sector, namely textiles, diamond and handicrafts. The study also evaluated the efficacy and efficiency of the stimulus packages initiated by the Government of India to counter the slowdown and ensure recovery.
The study indicated that after the economic slowdown of about a year and a half, the recovery of the Indian economy was evident from May–June 2009. The details and key findings of the study are at Annexure-I.
(c) :The details are placed as Annexure-II .
(d): Under the Industrial Dispute Act, 1947 in the event of closure, every worker affected is entitled U/S 25-O (8), compensation equivalent to 15 days average pay for every completed year of continuous services. In addition under Rajiv Gandhi Shramik Kalyan Yojna worker is paid Unemployment Allowance and vocational training is provided for skill development.
Download PDF Files