Unemployment rate is expected to remain static at 3.5%
GN Bureau | March 20, 2018
There are going to be 18.9 million unemployed people in the country by 2019, parliament was informed.
Union minister Santosh Kumar Gangwar said that the International Labour Organisation (ILO) has released a report “World Employment and Social Outlook Trends – 2018”. As per the report, it is projected that the number of unemployed persons in India is expected to rise from 18.3 million in 2017 to 18.6 million in 2018 and 18.9 million by 2019. At the same time, unemployment rate is expected to remain static at 3.5% during the same period.
Read: Unemployed exchanges
The minister said that employment generation and improving employability is the priority concern of the government. Further, the government has taken various steps for generating employment in the country including reserved category like encouraging private sector of economy, fast tracking various projects involving substantial investment and increasing public expenditure on schemes like Prime Minister’s Employment Generation Programme (PMEGP) run by Ministry of Micro, Small & Medium Enterprises, Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) and Pt. Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY) schemes run by ministry of rural development and Deendayal Antyodaya Yojana-National Urban Livelihoods Mission (DAY-NULM) run by ministry of housing & urban poverty alleviation.
In addition, MUDRA and Start-Ups schemes are initiated by the government for facilitating self-employment. In order to improve the employability of youth, around 22 Ministries/Departments run skill development schemes across various sectors.
The government has also implemented the National Career Service (NCS) Project which comprises a digital portal that provides a nation-wide online platform for jobseekers and employers for job matching in a dynamic, efficient and responsive manner and has a repository of career content.
A scheme called Pradhan Mantri Rojgar Protsahan Yojana has been launched in the year 2016-17 for incentivising industry for promoting employment generation. Under this scheme employers would be provided an incentive to enhance employment where the government will pay the employer’s contribution of 8.33% EPS made for the new employees. In textiles (apparel and made-up) sector, the government will also pay the 3.67% EPF contribution of employers in addition to paying the 8.33% EPS contribution.
Former World Health Organisation (WHO) chief scientist Soumya Swaminathan takes charge as chairperson of M S Swaminathan Research Foundation (MSSRF) from February 1. Founded by her father, the legendary agricultural scientist M S Swaminathan, MSSRF was set up to accelerate the use of m
The digital revolution is being led by India. Digital governance is a key component of the government's ambition to transform India into a society where everyone has access to the internet. It includes both M-governance and E-governance, which are major methods for the delivery of services via mobile devic
Saundarya Lahari: Wave of Beauty Translated from the Sanskrit by Mani Rao HarperCollins, 218 pages, Rs 399 ‘Saundarya Lahari’, usually ascribed to Adi Shankaracharya, has a unique status among the religious-spiritual works of Hinduism.
This year, as the nation commemorates the 75th death anniversary of Mahatma Gandhi on January 30, Rajesh Talwar, a prolific author who is also a legal advisor to the UN, is all set to release a play for children on non-violence chronicling the life of Mahatma Gandhi, ‘The Boy Who Became the Mahat
Neha Lakra, 20, doesn’t forget to practise hockey, at least for four hours, every day. Whether at home or at the Panposh sports hostel in Rourkela where she is training under the guidance of coaches, her routine doesn’t change. “I can’t sleep unless I have worked on the ground,&rdqu
Somewhere Among the Stars: Reflections of a Mystic By Adi Varuni Kali/BluOne Ink, 282 pages, Rs 395 Decades ago, when an unknown N