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Saturday
November 2018
6:26 AM IST
News Headlines
Sabarimala board to move SC, buy time to implement order        Sindhu crashes out; Srikanth, Sameer enter quarterfinals of Hong Kong Open        No more chopping and changing till World Cup: Ravi Shastri        Air India eyes Rs 800 cr from sale of over 70 properties        Intel India opens design house costing Rs 1,100 cr at B'luru        US, China see rival visions for entwined Asia-Pacific region        Imran Khan to visit Malaysia next week; likely to seek monetary aid        EC removes Mizoram chief electoral officer after protests        Lankesh murder accused sent to SIT custody in Pansare case        Agri sector needs long-term solutions, loan waiver temporary: Naidu        Top India, China officials hold defence, security dialogue, agree to step up military exchanges        Jailed Om Prakash Chautala Expels Older Son For "Anti-Party Activities"        ISRO Launches Communication Satellite, Has 'Geo-Eye' To Monitor India        US Vice President Mike Pence takes Myanmar’s Aung San Suu Kyi to task over treatment of Rohingya        Sri Lankan Parliament passes no-trust vote against Rajapaksa        Mitchell Starc released from IPL contract ahead of Ashes, WC        World Championships: Older, wiser, stronger Mary Kom attempts to win 6th global title        India to host Italy on grass in Kolkata        It won't be easy for Mary Kom, says High Performance Director Nieva        Sensex rebounds 332 pts on easing crude, rupee gains        
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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.


Air India eyes Rs 800 cr from sale of over 70 properties
Intel India opens design house costing Rs 1,100 cr at B'luru
Sensex rebounds 332 pts on easing crude, rupee gains
Govt mulls second round of 2,500 MW medium-term PPA auction
India invites Swedish companies to explore investment opportunities
Govt cancels ED officer Rajeshwar Singh's leave
Facebook blocks 115 accounts ahead of US midterm elections
Indian norms on PCA, capital are conservative, rule-based: SBI
SBI back in black on credit growth
TN transport employees threaten to go on strike
Ease of biz ranking: Indian can improve further, says Jaitley
Rupee declines 11 paise to close at 73.27 against US dollar
Gold rises in futures trade; up 0.54% on global cues
Mistry announces startup fund on 2nd anniversary of his ouster
BSE gets Sebi's nod to launch Oman crude oil contract
Sensex cracks 34,000-mark, Nifty below 10,200 on weak global cues
Petrol pumps in Delhi on strike demanding VAT cut
RBI likely to stay on hold for rest of FY'19 : Report
Japan introduces Artificial Intelligence technology to ease business
Reliance Industries posts net profit of Rs 9516cr in Q2
KERALA NEWS
Sabarimala protests: Arrests up to 2061, Kerala HC warns police
 Thiruvananthapuram, OCT 27: As the number of people arrested for allegedly being involved in violent  
Vijayan urges UAE Keralites to back salary challenge
Sabarimala row: Protests against SC verdict continue
Balabhaskar's wife Lakshmi shifted to ICU
INTERNATIONAL NEWS
US, China see rival visions for entwined Asia-Pacific region
 Singapore, Nov 15 (AP) The US and China offered rival visions for the Asia-Pacific region Thursday a
Imran Khan to visit Malaysia next week; likely to seek monetary aid
US Vice President Mike Pence takes Myanmar’s Aung San Suu Kyi to task over treatment of Rohingya
Sri Lankan Parliament passes no-trust vote against Rajapaksa
NATIONAL NEWS
EC removes Mizoram chief electoral officer after protests
 New Delhi, Nov 15 (PTI) Accepting the demand of some civil society groups, the Election Commission o
Lankesh murder accused sent to SIT custody in Pansare case
Agri sector needs long-term solutions, loan waiver temporary: Naidu
Jailed Om Prakash Chautala Expels Older Son For "Anti-Party Activities"
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