Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • Rising Star Leadership Awards
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»News»Unemployment»Niti Aayog chief warns of job loss, calls for direct benefit transfer
    Unemployment

    Niti Aayog chief warns of job loss, calls for direct benefit transfer

    HRK News BureauBy HRK News BureauMarch 25, 20202 Mins Read2283 Views
    Share LinkedIn Twitter Facebook
    Share
    LinkedIn Twitter Facebook

    India is facing one of its darkest hours and is caught between the need to contain Covid-19 and stop businesses from closing down.

    Amitabh Kant, CEO, Niti Aayog, reportedly conveyed in a virtual interview that small businesses will bear the maximum brunt of the pandemic and people will lose jobs in the rural as well as urban areas. According to Kant, the Government’s priority should be to provide people living in the margins with a source of livelihood, and the best way to do it would be to directly transfer the benefit to them.

    Some states, including Tamil Nadu and Kerala have announced free ration and a handout. However, support programmes at the national level to help the daily wagers and labourers are yet to be announced.

    The head of the Government’s think tank explained that instead of worrying about fiscal deficit— which has increased to Rs 9.85 lakh crore— in this time of crisis, the Government needs to go out of the way to support industry.

    He also clearly stated that the Reserve Bank of India (RBI) can play a significant role by making it easier for micro and small medium businesses to repay loans and allowing them more time for repayment. The practice of defaults post 90 days being declared as non-performing assets should be thought over, considering that businesses and factories will take at least seven to eight months to revive.

    However, amidst this gloom, Kant feels that there lies an opportunity for India to become a major supplier. At a time when supply chains are badly affected, globally, India should grab this opportunity and use it to her advantage.

    Amitabh Kant Job Loss Niti Aayog RBI unemployment
    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    four × three =

    Related Posts

    Meta dismisses employees for leaking internal information

    February 28, 2025

    Jobs hard to come by in the US, even for elite b-school graduates

    January 16, 2025

    7.74 mn job openings in the US in October 2024

    December 4, 2024

    How the British government wants to “get Britain working again”

    November 26, 2024

    QUICK HR INSIGHTS

    EDITOR'S PICKS

    The Great Displacement: How automation is reshaping India’s workforce

    June 20, 2025

    How corporate prejudices are strangling innovation in the workplace

    June 19, 2025

    Psychological safety: the new superpower in winning the talent war

    June 18, 2025

    How entitlement is quietly reshaping the modern workplace

    June 18, 2025
    Latest Post

    Accenture elevates Kate Clifford to global chief leadership & HR officer

    Movement June 20, 2025

    Kate Clifford has been elevated to global chief leadership & human resources officer, Accenture. She…

    AIITEU calls TCS’ bench time cap an ‘anti-worker policy’

    Injustice June 20, 2025

    The Resource Management Group (RMG) at Tata Consultancy Services (TCS) had announced a new policy…

    Employee sues US bank for violating rights, causing mental trauma

    Injustice June 20, 2025

    Truist Bank in North Carolina is facing a lawsuit filed by a former employee, Debra…

    It’s official! Vinay Razdan, CHRO of HDFC Bank has resigned

    Movement June 20, 2025

    Vinay Razdan, who had joined HDFC Bank as chief human resources officer in October of…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.