Jump in labour remittances, but formal employment lagging: report

Updated : Oct 29, 2020 11:17
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Editorji News Desk

A big jump has been seen in labour remittances in September, indicating the return of labourers after reverse migration during the lockdown, a report by SBI said. SBI Ecowrap report indicated that the higher labour remittances were also accompanied by greater creation of first-time payroll jobs in August. However, the report added that formal employment opportunities are not rising as fast as employment in the informal or unorganised sector.

 

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