Unemployment

The constant job layoffs have been a concern, especially in the IT sector. In the last week, many people were laid off, in companies like Tata Consultancy(6333,) Infosys(7250,) and HCL(2299). As per reports in the next six months, many more jobs will be cut off & new graduates will face employment difficulties.  Considering the situation of huge companies, start-ups are going to work hard to thrive, with no media attention.

Kshitij, a 25-year-old Delhi man, allegedly murdered his mother and used a deodorant spray to suppress the smell of her decomposing body. Reportedly, he had strangled her and cut her throat. Three days after the incident, Kshitij took his own life. A 77-page suicide note has been recovered, which revealed that Kshitij was going through depression due to unemployment. Also, he wanted to “set his mother free”, read the note.

The Delhi police have tightened security at Jantar Mantar, Ghaziabad and Singhu border, amid farmers' protest. Notably, on August 22, farmers are scheduled to hold protests against unemployment, due to which, the Uttar Pradesh and Delhi Police have been on alert. The Samyukt Kisan Morcha has called for a 75-hour sit-in protest in Lakhimpur Kheri, Uttar Pradesh against the Central government over pending demands, including unemployment.

India's unemployment rate shot up at 7.80% in June, as the nation recorded 13 million jobs, mainly in the agriculture sector. On July 5, the Centre for Monitoring Indian Economy (CMIE) of think-tank centre released the data. Notably, the massive fall in the number of jobs last month was triggered by a higher unemployment rate in rural areas, which is 8.03%, whereas, in urban areas, the rate is at 7.30%.

The Taliban government in Afghanistan will create employment opportunities in the country, assured Afghanistan's Ministry of Labour and Social Welfare, on April 15. The Ministry then stated that employment opportunities will be created through TAPI (Turkmenistan-Afghanistan-Pakistan-India) and Qush Tepae Canal projects. The move comes after Afghanistan witnesses extreme spike in the unemployment rate after the new Taliban government was… read-more