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Decide on Revoke Job Quotas or We Move SC: Industry Groups to Government | Gurgaon News

Published

2 mins ago

November 8, 2021

Gurgaon: Industry associations in the state have appealed to the government to reverse the 75% reservation decision for local youth in the private sector. They said they would go to the Supreme Court if the report was not withdrawn.
Industry owners said such restrictions would not only limit their human resource talent pool but also affect recovery prospects. "We do not doubt the intent of the government, but its implementation will be contrary to the spirit of ease of doing business. The enactment of the law has made the entire private sector annoyed and nervous about its growth prospects, especially after the lockdowns," said Pawan Kumar Yadav, president of the IMT Manesar Industrial Association.
Some businessmen pointed out that while the law was intended to tackle the problem of unemployment, it was contrary to competitiveness. "We urge the government to reconsider its policies and take into account the concerns expressed by the industry groups. Otherwise, the Industrial Association of Haryana could go to the Supreme Court against this law," Yadav said.
On Saturday, the government of Haryana made one of its poll promises to provide 75% job reservations to local youth. Raja Shekhar Vundru, additional chief secretary of the Labor Department, has announced that the Employment of Local Candidates Act, 2020, will come into effect from January 15 next year. The deadline for companies to upload employee data on the state government portal is also January 15.
Vishnu Goyal, the president of the Haryana Chamber of Commerce and Industry, said: "This law is not all in favor of the industry. It will most adversely affect the SME sector. First, the demographics of the state are such that there are no unskilled workers. Here people like agriculture, business or some kind of skilled labor. Second, this is not the time to introduce such restrictions on industries. There is still a labor shortage, raw material prices are at an all-time high, demand is still lukewarm, fuel prices are impacting the supply chain, and so on."
"Enforcing such a law will restrict industries from employing unskilled workers and will eventually derail their operations. We strongly oppose the law and demand that the government delay it or lower the bracket to 25% or less, along with incentives to accommodate such restrictions at a time when the industry is still declining to pre-lockdown levels, Goyal added.
Some of the industrialists have suggested that the government should consider providing subsidies and creating an environment to attract more industries. "We believe that Haryana's youth should be given work. There are two ways to provide employment. First, more large industries need to be established here. Second, the focus should be on developing skills of the youth of Haryana so that they can easily find a job," said Yadav.

Jobs

US employers add 531,000 jobs in October as employee rebounds

Published

5 mins ago

November 8, 2021

The most recent data followed an upwardly revised job growth of — Image source: AP/FILE
The most recent data followed the upwardly revised job growth rate of 312,000 in September and 483,000 in August

U.S. employers added 531,000 jobs in October, with the unemployment rate falling to 4.6 percent, pointing to an uptick in the workforce as the Delta wave weakened, the U.S. Department of Labor has reported. The latest data followed the upwardly revised job growth of 312,000 in September and upwardly revised job growth of 483,000 in August, as the labor market recovery slowed amid a Delta variant-fueled Covid-19 wave. More than 1 million jobs had been added by July.

October saw significant job gains in leisure and hospitality, professional and business services, manufacturing, as well as transportation and warehousing. Public education employment declined over the month, however, after falling in September, the Xinhua news agency reported.

Unemployment fell 0.2 percentage point to 4.6 percent in October, after falling 0.4 percentage point in September. The figure was significantly lower than the recent high in April 2020, but remained well above the pre-pandemic level of 3.5 percent.

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Former Mandarin may have 'dishonest advantage' in his new private job as a corporate advisor

Published

35 mins ago

November 8, 2021

Former Mandarin may have 'dishonest advantage' in new private job as a corporate advisor, watchdog warns

Julian Critchlow may have an 'unfair advantage' in his new job at Bain & Co
As a civil servant, he was the mandarin responsible for the UK's net-zero strategy
But in his new role, Mr. Critchlow will advise major companies on the same subject
A watchdog restricted the topics Mr Critchlow is allowed to advise on for Bain

By Martin Beckford for The Daily Mail

Published: 8:03 PM EST, Nov 7, 2021 | Updated: 21:14 CET, November 7, 2021

The former mandarin responsible for the UK's net-zero strategy could have an 'unfair advantage' in his new private job as a consultant to major companies on the subject, a watchdog warned.

It ordered Julian Critchlow to wait six months between leaving the civil service and starting as a senior advisor at consulting firm Bain & Co.

The ruling was from the Advisory Committee on Business Arrangements, which guards the revolving door between Whitehall and major corporations.

Julian Critchlow left BEIS seven months ago and will move on to a new role as senior advisor at consultancy Bain & Co

This sets conditions for his new role, such as limiting the subjects on which he can advise.

The commission warned: "He is trying to advise Bain on the matters for which he was responsible in his office.

"There is a risk that his access to information during his tenure could give Bain an unfair advantage."

Mr. Critchlow worked for Bain for 30 years before moving to the corporate division in 2018.

But in March, he left and applied to the committee to return to his former employer.

Acoba said he did not believe he was offered the job because of what he had learned at Whitehall, but went on to say: "There remains a risk related to his access to information."

It said his former department was still developing a number of projects and the committee therefore found it necessary to limit Mr Critchlow's role at Bain to prevent him from advising on his policy involvement in specific cases, to avoid the risk that he would provide unfair insight into policy development at BEIS'.

The watchdog ruled that Mr Critchlow will not be able to advise on heat and buildings strategy, international energy or developing an emissions trading system until next year

He will not be allowed to give advice on heat and building strategy, international energy or the development of an emissions trading system until next year.

Acoba "also found it necessary to close a significant gap between Mr Critchlow's access to information and his entry into Bain," forcing him to wait six months after his last day in "crown service" to start his new job. to start. He started there in October.

He was also told to abide by standard rules for all senior officials moving to the private sector, such as a ban on lobbying former colleagues or ministers.

The letter also reveals that Mr Critchlow was previously "responsible for a contract between BEIS and Bain."

But this was only 'for a week's pro bono work; and there is no other commercial relationship between Bain and BEIS'.

A BEIS spokesperson said last night: 'Mr Critchlow left the ministry seven months ago. The committee's recommendations have been and will be followed.'

Bain added: "We are pleased to confirm that we have made the appropriate arrangements to ensure compliance with the restrictions, conditions and restrictions imposed by Julian Critchlow by Acoba as a condition of his reassignment by Bain."