Let there be more regular jobsSomeone up there in the corridors of power have wrongly dinned it into the ears of the great Modi and his Finance Minister that having any number of contract jobs in all industries, including the service industries, will facilitate " ease of doing business". This is as absurd as it gets. It is one of the most stupid decisions that has ever been taken.
The hapless labor who are already exploited, are made to work for salaries that are a fraction of that paid to the more lucky regular workmen. "Fixed Term Employment" is the name of the game. Allow the guy to work for you and then dump him. Workers, engineers and diploma holders in engineering are treated in the same fashion. What happens? These poor souls cannot avail a single loan. The managers have the worst job on hand. It is the "Aaya Ram Gaya Ram" story day in and day out. After six months of experience, the person will naturally look for a better job. With disastrous results. This does not solve any problem.
Let our Prime Minister solve this problem by encouraging organized industry to take on regular rolls, the same people after 36 months of service. Yes. We can understand if perks such as LTA or even Bonus are cut. But not regular employment. The key to success of the consumption economy is to have more regular people on rolls. The present situation is pathetic. Even Axis Bank and HDFC Bank now employ girls mandated to call anyone to talk about personal loans. This happens since there are no takers for any type of loans. Have more regular employees and then the position will improve.