-IndiaToday.in Total value of Mudra loans stood at Rs 5.57 lakh crore. Total number of employment generated from this amount stood at 1.12 crore. This means every single employment cost the government around Rs 5 lakh under Mudra Yojana. * PM Modi launched Mudra Yojana as a flagship job creation programme in 2015 * Recent reports say only 20 per cent Mudra loans led to fresh employment * Mudra Yojana Survey by Labour Ministry...
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In Haryana, workers laid off from the automobile sector struggle to find new opportunities -Vijayta Lalwani
-Scroll.in Some of these workers had found temporary jobs with political parties for the upcoming Haryana Assembly elections. Rahul Kumar Sharma, 22, worked in the welding department of an auto-component company in Manesar, Haryana, fixing nuts and bolts that would be later assembled to form a car door. He had joined the company in June 2017. The work hours were gruelling. For a nine-hour shift, he earned a monthly salary of Rs 9,765...
More »Just 1 in 5 Mudra beneficiaries started new business, half of extra jobs were self-employment: Govt survey -Aanchal Magazine
-The Indian Express The Mudra Yojana was launched in April 2015 to provide funding to the non-corporate small business sector through various financial institutions like Banks, NBFCs and Micro Finance Institutions (MFIs). The government’s constant refrain has been that its flagship Mudra scheme is an engine for entrepreneurship and employment. A survey by the Labour Ministry, yet to be made public, offers a reality check: just one out of five beneficiaries...
More »Savings, investment will improve economy: Rangarajan
-The Hindu The former RBI Governor says even if India became a $5 trillion economy by 2025, it would retain the same classification as its population would have touched 1.4 billion If the government wanted the economy to grow fast then it should act on savings and investment rates, said C. Rangarajan, former governor of Reserve Bank of India. He was speaking at the inauguration of a two-day international conference on contemporary practices...
More »West Bengal Assembly rules out NRC -Shiv Sahay Singh
-The Hindu House passes a resolution opposing NRC in Assam In an unprecedented show of unity, the West Bengal Legislative Assembly on Friday passed a resolution opposing the National Register of Citizens ( NRC) in Assam. The resolution also categorically ruled out the possibility of any such exercise in the State. The development comes within a week of release of the final list of NRC, in which over 19 lakh people have been...
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