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Wednesday, March 20, 2019

Interesting—amnesty scheme has unearthed 10 million formal employees!! Firms will still hide workers at lower pay scales, to avoid paying minimum wages & social security. Govt can enact stricter measures like 1) tax deduction only for digital wages 2) data mining 3) whistle-blowing 4) undercover investigations.

"It has surpassed our estimation—our amnesty scheme has turned out to be a huge hit."
"Job creation is at least 15 to 20% more."

Formal jobs in India may be more than estimated

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