22
Wednesday
August 2018
12:39 PM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
Business News
Ensure job creation with focus on rural unemployed: Mukherjee
 
Mumbai, Dec 7 (PTI) Amid fears of jobless growth, former President Pranab Mukherjee today urged the government to ensure employment creation with a special focus on the rural unemployed.

"What type of a growth would we like to have? We must have growth with jobs. Jobless growth cannot be the object of a country like ours, he said speaking at the RD National College here.

"We must have job creation and there must be a balance between the job creation in the urban unemployment and the rural unemployment," he added.

Mukherjee, who demitted office in July this year, said recent figures suggest a "marked improvement" in the reduction of unemployment ratio in urban areas but the rural areas continue to face troubles.

"I do hope the government and particularly the finance minister, while presenting his budget, will take note of this," he said.

The remarks come within months of the complaint by then Union Labour Minister Bandaru Dattatreya, about jobless economic growth in the country.

"The current growth is a jobless growth. Many European and Asian countries, including India, are facing it... growth is being reported but it is not reflecting in employment generation," he had said.

A slew of experts have been stressing on the need to create enough jobs in the economy, warning that the country's demographic dividend can turn into a demographic nightmare if this area is not addressed.

He said providing employment for a limited days every year is now a constitutional guarantee after the UPA government passed the right to jobs in 2008.

The country s GDP growth accelerated to 6.3 per cent for the second quarter after plummeting to a three-year low of 5.7 per cent in the preceding three months.

Mukherjee, who has held the Finance portfolio twice, welcomed the growth uptick and said that the next two quarters will see the economy growing by over seven per cent.

He also said that the present level of inflation measured both by the wholesale prices and consumer prices is at a "comfortable level."

He said the current state of non-performing assets in the banking system is a "major concern."

Without touching upon the need for reforms at the state-run lenders, he welcomed the Government's move to inject capital into the banks and added that every finance minister will have to do it.

He claimed that the banks have been able to overcome the problems of NPAs without the government having to provide huge support as seen in some western countries post-crisis.

Mukherjee asked for massive investments in the education sector so that we can deliver on the constitutional promise of social justice.

The country s universities have not been able to produce one Noble laureate since C V Raman and the people of Indian origin like Amartya Sen won the coveted prize after working in foreign varsities, he pointed out.

He stressed on the need for an enabling atmosphere, and also rued that the present education system has not been able to create the motivation which is needed for research purposes.


US dollar ends sharply higher against rupee
Erdogan says Turkey 'won't lose economic war' after lira crash
Nifty scales another peak of 11,470, up 20 points
Govt should consider framing dedicated policy for BPO sector: Par panel
SBI launches unified payment terminal- MOPAD
IKEA to open first India outlet at Hyderabad tomorrow
Govt withdraws FRDI bill in Parliament following backlash
Jet Airways releases salaries to employees, decides against pay cut
TRAI gives nod for sale of 5G spectrum
Maruti Suzuki India posts marginal decline in July sales at 1,64,369 units
RBI rate hike to avoid drifting away from inflation mandate, says Patel
India Post Payments Bank to start operations with 650 branches in August
Twitter kills 143,000 apps, charts new rules for developers
Walmart looks to double wholesale presence in?India, open 20 stores over next three years
Third party insurance for two, four-wheeler be made mandatory: Supreme Court
Samsung, Xiaomi corner 60 pc share of India's smartphone mkt in Q2: Canalys
Indo-Pacific must be free, open and and inclusive region: Swaraj
Govt working on another verison of UDAN, says Sinha
Talks on between India, Singapore for cruise tourism: Gadkari
Govt doubles import duty on over 50 textile products
KERALA NEWS
Shutters of Mullaperiyar Dam opened again
 Idukki: The shutters of Mullaperiyar dam has been opened on Wednesday morning following the rise in  
Special Assembly session on August 30
Kerala teen gets arrested for spreading fake news
UAE offers Rs 700 crore for Kerala
INTERNATIONAL NEWS
6.9 magnitude earthquake hit Indonesia's Lombok
 (Lombok, Aug 17, 2018):An earthquake of magnitude 6.9 on Richter scale rocked the island of L
12 of Imran’s 21 cabinet members held key posts during Musharraf regime
Imran Khan Elected New Pakistan PM, Seen In Tears After Vote
'He's innocent': US threatens more sanctions on Turkey if pastor not freed
NATIONAL NEWS
Ex-Union Minister Gurudas Kamat dies
 New Delhi: Former Union Minister and senior Congress leader Gurudas Kamat died at a private hospital
SC judges to contribute to Kerala flood relief fund
Rahul Gandhi Demands More Fund, Kiren Rijiju Says 'no Politics'
West Bengal govt to give Rs 10 crore for Kerala flood relief: Mamata Banerjee
Untitled Page
Rashtra Deepika LTD
Copyright @ 2017 , Rashtra Deepika Ltd.