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Modi is most likely going to give you a tax cut on February 1

India is facing its worst economic slowdown in a decade. Growth slipped to 4.5% in the July-September quarter.
The Economic Times

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UNEMPLOYMENT

Reality of govt's promises is that 3.64 crore people became unemployed: Priyanka

Her attack on the government came over a media report which claimed that in the last five years, 3.64 crore people became unemployed in the top seven sectors. Rahul Gandhi also hit out at the government on Sunday saying that in the absence of employment, opportunities cannot be made available for the youth to fulfil their dreams.

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  • "I want to ask them all, was any new solution found during your 50-60 years rule to provide employment to the youth of this country having 130 crore population...you did not do anything new and are now seeking answers from us (Hisaab maang rahe hain?)," Amit Shah said, without naming any particular political party.

    Yearly figure of suicide rates by students turned out to be the highest in a decade-- over 10,000 in 2018. Twenty-eight students on an average committed suicide every 24 hours during 2018, accroding to NCRB data. India saw 1.3 lakh suicides in 2018, of which students made up 8%, almost the same in the farming sector, while 10% were unemployed people.

    India bucks the global trend of pessimism as 69 per cent urban Indians feel that the country is on the right track compare to 61 per cent global citizens who feel their country is on the wrong track. Poverty and social inequality are the top worries for global citizens followed by unemployment, crime and violence, financial and political corruption.

    About 34,000 youth in Madhya Pradesh got jobs in the same period, said chief minister Kamal Nath. The Congress had also promised a monthly unemployment allowance of Rs 4,000 for youth during the assembly polls last year. The state government is yet to fulfill that promise and said in the assembly earlier that it wasn’t considering the proposal.

    The National Statistics Office on Saturday released a report on the Periodic Labour Force Survey (PLFS) for urban areas for Jan-Mar 2019 detailing key indicators including unemployment, labour force participation rate and industry-wise jobs scenario.

    Shocking justification for joblessness. JD(U) mantri Krishna Nandan Verma blames ‘high literacy’ rate after 5 lakh people applied for 166 cl...

    The numbers are likely to provide relief to a govt reeling under sharp criticism over lack of jobs.

    The healthy job gain runs against a widespread view that businesses are struggling to find workers with unemployment so low. Persistent hiring should help keep consumers spending - a key engine of growth as businesses have cut their investment spending and exports have stalled.

    In response to remarks on demonetisation and the job cuts it caused these years, Labour and Employment Minister Santosh Kumar Gangwar said the government is implementing the Inter-State Migrant Workmen (Regulation of Employment and Conditions of Service) Act, 1979 to mitigate hardships caused by migration.

    Targeting the youth, the former Congress president blamed the BJP-led government of creating an image for the country that deterred investors. He said the Modi government had failed to deliver on its promise to create jobs.

    Restoring growth to the higher levels needed to provide ample jobs and ease inequality will require accelerating the pace of structural reforms to revive investment and exports.

    "Farmers were told their income would double in five years. In reality, they are struggling to sell their produce in the mandi. Also, more and more factories in Haryana are being shut down," she said.

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