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New Graduate Subsidy Draws Doubts

The private sector has raised concerns about the government co-payment scheme to support hiring, saying there are flaws that make the plan unfeasible.

The Centre for Economic Situation Administration (CESA) meeting chaired by Prime Minister Prayut Chan-o-cha on Wednesday approved the scheme to support 260,000 new graduates’ employment by subsidising 50% of their wages for 12 months, but capped the maximum subsidy at 7,500 a month per person.

The Employers’ Confederation of Thai Trade and Industry (EconThai) and the Federation of Thai Industries (FTI) agree with the policy in part. Read more…..

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India’s GDP has contracted by 23.9 per cent.It is the worst fall since 1996. This is one of the worst contractions in economic growth recorded since India started releasing quarterly reports. In an exclusive interview with India Today TV, India’s Chief Economic Advisor (CEA) KV Subramanian discussed the latest GDP figures, saying the worst was behind India and the country would witness a V-shaped recovery.

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