Post-budget 2018 Reaction Dr. Gayathri Vasudevan, Co-Founder & CEO, LabourNet Services
The freshness of this year’s budget is in addressing the rural population. In my view the budget has rightly addressed this to a large extent. Relaxation of minimum fixed employment term from 240 day to 150 days comes as an innovative move to generate more jobs in the footwear and leather industries, which was otherwise limited to the textile industry so far.
Reduction of EPF to 8% and extension of maternal leaves come as a good news to employed women and is an evident sign of a women friendly budget.
The substantial focus of agriculture is to increase rural income, thereby resulting in an increase of farm based employment opportunities.
Overall, the consistent effort to increase employment opportunities is commendable.
I hope the next step forward will be to set up a brisk execution mechanism to take things forward, which might prove to be the next big challenge for the govt.
