More than half of the 900 million Indians of legal working age don’t want a job, according to CMIE. Between 2017 and 2022, the overall labor participation rate dropped from 46% to 40%.
New measures include Atmanirbhar Bharat Rozgar Yojana and tripling allocation for PM’s housing scheme. India’s overall Covid economic package is Rs 30 lakh cr.
A Working Group of Ministers on employment generation and skill development submitted its report to PM Modi, making 63 suggestions across 18 sectors for job creation.
About 12 crore jobs were lost due to the lockdown in April, but things are gradually improving. However, only 39 lakh new salaried jobs have been created.
Much of the interim budget focused on consumer stimulus with few specific measures to create opportunities for about 12 million young Indians who enter the job market each year.
When he was asked why he was so loud in his criticisms of Indian industry when his purpose could be better served by a shrewder approach, he said, “Because I am a Punjabi, not a Marwari”.
New bill aims to fix key issues with IBC 2016, including delays & patchy implementation, and protect creditors, with window for genuine promoters to retain control of their companies.
The new engine, set to be developed over the next 10 years, will power the second tranche of Advanced Medium Combat Aircraft. First set will be equipped with GE 414 engines.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
COMMENTS