Labour economics Current Affairs, GK & News

Trends in Violations under Child Labour Act

The Ministry of Labour & Employment has tabled in Lok Sabha the figures on instances of violation of the Child & Adolescent Labour (Prohibition & Regulation) Act, 1986 found during inspections, along with prosecutions started and convictions made. It indicates following trends: The instances of child labour detected during inspections have reduced successively from 2014 ..

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Rajnath Singh, Union Home Minister, launched a web portal called ‘PENCIL’ for effective implementation of National Child Labour Project (NCLP)

Rajnath Singh, the Union Home Minister, has launched a web portal called ‘PENCIL’ for effective implementation of National Child Labour Project (NCLP) in New Delhi on September 26, 2017. The acronym PENCIL stands for Platform for Effective Enforcement for No Child Labour, which is developed by the Ministry of Labour and Employment (MoLE). It is ..

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Most basic Concepts of Economy

1. Adam smith is considered as father of Modern Economics. In his book “The nature & causes of wealth of the Nation’s 1776, he has described economics as science of wealth. According to him economy is the study of wealth only and it deals with its production and consumption. Only material goods which are scarce ..

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