Hire & Fire: A boost for job creation in Budget 2018

NEW DELHI: In what is being seen as a big boost to job creation, the government will allow fixed-term hiring across sectors while committing itself to bear the entire 12% of the employers’ contribution to the provident fund for all new employees. The former will make it easy for employers to hire and fire workers thereby encouraging them to hire more, the latter will help incentivise employers creating more jobs in the formal sector.

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