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Modi Govt is Blind to the Crushing Jobs Crisis -Subodh Varma

-Newsclick.in Additional funds for MSMEs and MGNREGA are going to create enough jobs, but the economy will remain in doldrums. There has been much mutual patting on the back and self-congratulation, after the Narendra Modi government announced two policy measures that could have a direct impact on Job Creation. These were: a special credit line of Rs.3 lakh crore for MSMEs (medium, small and micro enterprises) and an additional allocation of Rs.40,000...

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Government data shows fall in Job Creation by schemes -Swati Mathur

-The Times of India NEW DELHI: Some of the flagship employment generation and placement schemes, such as the Prime Minister’s Employment Generation Programme (PMEGP) and Deendayal Antyodaya Yojana-National Urban Livelihoods Mission, are expected to see a sharp decline in Job Creation during the current fiscal, according to data tabled in Parliament. Details provided by the labour & employment ministry states that the number of jobs generated under PMEGP plummeted from 5.87 lakh...

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What the RCEP retraction foretells -Renu Kohli

-The Telegraph Without simultaneous steps to raise productivity, passive acceptance of lost competitiveness has shaped India's approach India’s last-minute withdrawal from the Regional Comprehensive Economic Partnership agreement has elicited much commentary. That it happened after exciting positive signals from senior government functionaries amidst vociferous opposition by noted lobby groups surprised all. A sizeable segment, however, backs the retreat, noting India’s current economic situation and low competitiveness to describe it as economic and...

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Enable MSMEs to grow and create jobs -Ajay Shankar

-The Hindu Business Line Apart from easing labour laws and providing a social security net, a focus on clusters with access to land and capital will help Getting micro, small and medium enterprises (MSMEs), who employ 92 per cent of the workforce, to grow more rapidly should be one of the pillars of any strategy for Job Creation. This year’s Economic Survey does candidly state that “Our policies must, therefore, focus on...

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The MGNREGA slowdown in India -Debmalya Nandy

-CounterCurrents.org Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) this year has almost come to a standstill. While the nation is debating the economic slowdown and falling demand in the rural areas , economists emphasizing that increase in the rural income and generating resources for the poor as a potential solution to the on going crisis, the so called world’s largest job scheme remains neglected by the Government of India. While focusing...

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