Relevance: Prelims: Polity
Why in news?
- Amid the all-round disruption caused to the economy by the novel coronavirus outbreak, various governments have unveiled various measures to address such concerns, and one of the most talked about is Germany’s Kurzarbeit scheme.
About:
- Kurzarbeit is German for “short-work”. The policy provides for a short-time work allowance, called kurzarbeitgeld, which partially compensates for lost earnings during uncertain economic situations.
- The policy was rolled out during the 2008 economic crisis while its origins date back as far as the early 20th century, before and after World War I.
For more such notes, Articles, News & Views Join our Telegram Channel.
Click the link below to see the details about the UPSC –Civils courses offered by Triumph IAS. https://triumphias.com/pages-all-courses.php