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Unorganised Sector (India)
The term unorganised sector when used in the Indian contexts defined by the National Commission for Enterprises in the Unorganised Sector, in their Report on Conditions of Work and Promotion of Livelihoods in the Unorganised Sector as "''... consisting of all unincorporated private enterprises owned by individuals or households engaged in the sale or production of goods and services operated on a proprietary or partnership basis and with less than ten total workers."'' Amongst the characteristic features of this sector are ease of entry, smaller scale of operation, local ownership, uncertain legal status, labour-intensive and operating using lower technology based methods, flexible pricing, less sophisticated packing, absence of a brand name, unavailability of good storage facilities and an effective distribution network, inadequate access to government schemes, finance and government aid, lower entry barriers for employees, a higher proportion of migrants with a lower rate of c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Commission For Enterprises In The Unorganised Sector
The National Commission for Enterprises in the Unorganised Sector (NCEUS) is a national body commissioned by the Indian government The Government of India (ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of 36 states and union territor ... to address the issues faced by enterprises in relation to the unorganised sector Background The Commission was established in 2004 under the chairmanship of Dr. Arjun Sengupta to act as an advisory board for matters regarding the informal employment sector. In India, the informal sector of the economy represents 80.8% of the total workforce (according to PFLS 2017-18 report). In 2006 to solve the problem of unorganized sector, Labour Ministry of India has found a commission which is known as Arjun Sengupta Commission and making its recommendation as a basis a National Commission for Enterprise Unorg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Job Security
Job security is the probability that an individual will keep their job; a job with a high level of security is such that a person with the job would have a small chance of losing it. Many factors threaten job security: globalization, outsourcing, downsizing, recession, and new technology, to name a few. Basic economic theory holds that during periods of economic expansion businesses experience increased demand, which in turn necessitates investment in more capital or labor. When businesses are experiencing growth, job confidence and security typically increase. The opposite often holds true during a recession: businesses experience reduced demand and look to downsize their workforces in the short term. Governments and individuals are both motivated to achieve higher levels of job security. Governments attempt to do this by passing laws (such as the U.S. Civil Rights Act of 1964) which make it illegal to fire employees for certain reasons. Individuals can influence their degre ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gross Domestic Product
Gross domestic product (GDP) is a monetary measure of the total market value of all the final goods and services produced and rendered in a specific time period by a country or countries. GDP is often used to measure the economic performance of a country or region. Several national and international economic organizations maintain definitions of GDP, such as the OECD and the International Monetary Fund. GDP is often used as a metric for international comparisons as well as a broad measure of economic progress. It is often considered to be the world's most powerful statistical indicator of national development and progress. The GDP can be divided by the total population to obtain the average GDP per capita. Total GDP can also be broken down into the contribution of each industry or sector of the economy. Nominal GDP is useful when comparing national economies on the international market according to the exchange rate. To compare economies over time inflation can be adjus ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unorganised Workers' Identification Number
Unorganised Workers' Identification Number or UWIN is a proposed unique number to be issued as identity proof to unorganised workers in India. The unorganised workers’ Identification Number is a number provided to the large section of unorganised sector workers by issuing a unique ID and allotting an Aadhaar seeded identification number without issuing any smart cards. In 2014 the Union Ministry of Labour and Employment had decided to design and develop the unorganised workers’ Identification Number (UWIN) – platform under the unorganised workers’ Social Security Act 2008 and had mandated every unorganised sector worker to get themselves registered under the UWIN – platform. The Ministry of Labour and Employment has allocated a sum of ₹402.7 crores for the implementation of the project in two phases. The Indian labour force is divided into Formal and an Informal sector which consists of 47.41 crore people of which 82.7% of the labour force lie under the unorganised ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Systems
An economic system, or economic order, is a system of production, resource allocation and distribution of goods and services within an economy. It includes the combination of the various institutions, agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community. An economic system is a type of social system. The mode of production is a related concept. All economic systems must confront and solve the four fundamental economic problems: * What kinds and quantities of goods shall be produced: This fundamental economic problem is anchored on the theory of pricing. The theory of pricing, in this context, has to do with the economic decision-making between the production of capital goods and consumer goods in the economy in the face of scarce resources. In this regard, the critical evaluation of the needs of the society based on population distribution in terms of age, sex, occupation, and geography is very ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of India
The economy of India is a Developing country, developing mixed economy with a notable public sector in strategic sectors. * * * * It is the world's fourth-largest economy by gross domestic product, nominal GDP and the third-largest by purchasing power parity (PPP); on a per capita income basis, India ranked List of countries by GDP (nominal) per capita, 136th by GDP (nominal) and List of countries by GDP per capita (PPP), 119th by GDP (PPP). From Independence of India, independence in 1947 until 1991, successive governments followed the Economy of the Soviet Union, Soviet model and promoted Protectionism, protectionist economic policies, with extensive Sovietization, state intervention, demand-side economics, natural resources, bureaucrat-driven enterprises and economic regulation. This is characterised as dirigism, in the form of the Licence Raj. The end of the Cold War and an acute 1991 Indian economic crisis, balance of payments crisis in 1991 led to the adoption of a broa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Labour In India
Labour in India refers to employment in the economy of India. In 2020, there were around 476.67 million workers in India, the second largest after China. Out of which, agriculture industry consist of 41.19%, industry sector consist of 26.18% and service sector consist 32.33% of total labour force. Of these over 94 percent work in unincorporated, unorganised enterprises ranging from pushcart vendors to home-based diamond and gem polishing operations. The organised sector includes workers employed by the government, state-owned enterprises and private sector enterprises. In 2008, the organised sector employed 27.5 million workers, of which 17.3 million worked for government or government owned entities. The Human Rights Measurement Initiative finds that India is only doing 43.9% of what should be possible at its level of income for the right to work. Due to lax labor rules that apply to all businesses in India, laborers are frequently exploited by their bosses ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
