23/12/2021 - Economy

KEY POINTS

·        The complete panel results from CMIE show that the employment-population ratio for the period May-August 21 was 36.8 per cent compared to 39.6 per cent in the same period two years ago and the unemployment rate for both rural and urban areas is still considerably higher.

·        The e-Shram portal which has come into existence now is meant to fulfil this mandatory requirement, although registration had been recommended by the National Commission for Enterprises in the Unorganised Sector (NCEUS).

·        The e-Shram portal merely lists 13 existing social security and social protection schemes and six other employment generation schemes for which sections of workers could be eligible.

·        The expansion of social security/protection has been languishing in India mainly because of a lack of commitment towards higher funding.

·         However, except in the crisis year 2020-21, expenditure by the central government on all major social security/protection programmes has shown a declining trend — from about 1.64 per cent of GDP in 2015-16 to 1.25 per cent of GDP in 2019-20.

·        These include restructuring social security and social protection programmes on a statutory basis and simplifying them to promote universalisation. 

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