The Employees’ State Insurance (ESI) Scheme in India witnessed a significant increase in new registrations in August 2024, with over 20.74 lakh workers joining the program. Notably, a substantial portion of the new registrations (9.89 lakh) were young employees under the age of 25, highlighting the scheme’s growing importance for the younger workforce. This surge in registrations also indicates a strong focus on gender equality, as 4.14 lakh female employees enrolled in the scheme.
A new report by the World Travel & Tourism Council (WTTC) highlights the disproportionate impact of the pandemic on women and youth employment in the travel and tourism sector, urging for immediate action to address the disparities.
The World Travel & Tourism Council (WTTC) has released a report revealing the lasting impact of the COVID-19 pandemic on the travel and tourism industry’s workforce. While the sector has seen a rebound in economic activity, women and young workers continue to face significant challenges in reentering the workforce, highlighting the need for targeted interventions.
India’s Finance Minister Nirmala Sitharaman announced a new initiative in the Budget 2024, offering internship opportunities to one crore youth in 500 companies over the next five years. The program aims to provide practical experience and a monthly allowance of Rs 5000 to interns. Companies will contribute to the training costs through their CSR funds.
