-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...
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Necessary steps to ending poverty -Pulapre Balakrishnan
-The Hindu The provision of health, education and public services matters more than income support schemes It is by now close to 50 years since Indira Gandhi brought the idea of eradicating poverty into the electoral arena in India. ‘Garibi Hatao’ had been her slogan. She actually took the country some distance in the promised direction. Though it had not come close to being eradicated in her time, it was under her...
More »Veil on job data spurs poser: How deep is the crisis? -Basant Kumar Mohanty
-The Telegraph Demand for work under the MGNREGA was at its highest in the 2018-19 fiscal The job crisis has deepened and become more commonplace during the last five years, according to officials familiar with employment data. Consider this: Demand for work under the national job scheme, Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), was at its highest in the 2018-19 fiscal. Started in 2006 to provide a fallback employment source to...
More »Modi Govt Will Prepare New NSSO Report to Show 'Increase in Jobs', Says PM's Economic Advisor
-News18.com The leaked report recorded unemployment rate of 6.1 percent in 2017-18, giving the opposition Congress ammunition to attack and pushing the NDA government in defensive mode. New Delhi: A day the National Sample Survey Office’s Periodic Labour Force Survey recorded the unemployment rate in India at a 45-year-high, Prime Minister’s Economic Advisor, Bibek Debroy said that they will prepare a fresh jobs report. “The survey will show that there has been...
More »Learning to compete: on Skill India -Santosh Mehrotra & Ashutosh Pratap
-The Hindu Skill India needs a sharp realignment if it is to meaningfully transform people’s life chances In 2013, India’s skill agenda got a push when the government introduced the National Skills Qualification Framework (NSQF). This organises all qualifications according to a series of levels of knowledge, skills and aptitude, just like classes in general academic education. For instance, level 1 corresponds to Class 9 (because vocational education is only supposed to...
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