India needs payroll data system to map job creation: Assocham
New Delhi, June 10: India needs to develop a credible system for mapping job creation, at least in the formal sector, to enable government policies to be oriented accordingly, industry chamber Assocham said on Sunday.
Citing the example of inflation data, industrial output and other economic numbers released every month, the industry chamber said that a similar system should be created for the regular release of payroll data.
"Like we release inflation data, industrial output numbers and several other high frequency data every month, we must create a system sooner than later so that the payroll numbers are released month on month," an Assocham statement said here.
"If a large part of the economy is getting formalised, the mapping of job creation should not be difficult," Assocham Secretary General D.S. Rawat said.
"We do not need traditional sample surveys. Since the wages are all paid through banking channels, we can just capture the salary data from the banks, collate it and compare it."
"The monthly data can make it clear that it is about the fresh jobs in the formal sector. With measures like the Goods and Services Tax by which a larger part of the economy gets captured into formalisation, we would go on improving on the job data base," he added.
Payroll data is crucial for any mature economy for anchoring policies with regard to interest rates, welfare measures, investment incentives and taxation, Assocham said.
National economic policies must be data driven, rather than anecdotal pieces of information collected from here and there, it added.
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BJP MLC kept under 'digital arrest' for 90 minutes in UP's Sultanpur; case lodged
Sultanpur (UP) (PTI): A case was registered after BJP MLC Shailendra Singh was allegedly kept under "digital arrest" for about one-and-a-half hours here, police said on Thursday.
In his complaint, the member of legislative council (MLC) said he received a phone call from an unknown number on March 2, where the caller claimed to be an officer with the Mumbai Anti-Terrorism Squad (ATS) and alleged that Singh's bank account was being used for money laundering and other suspicious activities.
Singh reported that the caller told him that he had an account in Canara Bank.
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"I told them that I do not have any bank account outside Lucknow and Sultanpur. They kept me engaged on a video call for about one-and-a-half hours and asked me to lock myself inside a room and not speak to anyone," Singh said.
He alleged that the callers repeatedly sought details related to his Aadhaar card and bank accounts.
According to Singh, some of his associates grew suspicious and checked the phone number, and found that it was not linked to the Mumbai ATS but was registered in the name of a woman from Madhya Pradesh's Satna.
The callers allegedly disconnected the call when they sensed that their identity might be exposed.
Singh later lodged a complaint at the cyber police station in Sultanpur.
Cyber police station in-charge Akhanddev Mishra confirmed the incident and said the fraudsters had attempted to put the MLC under "digital arrest".
He said the police are tracking the phone numbers and IP addresses from which the calls were made.
