Centre for Monitoring Indian Economy Employment Generation under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) increased by a handsome 28.8 per cent to 277.5 million person days in April 2023. This growth was higher than the 5.6 per cent increase recorded in the previous month. Employment generated under MGNREGS increased substantially by close to 62.1 million person days in April, compared to 11.4 million person days that were generated...
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Poverty and inequality
KEY TRENDS • Oxfam India's 2023 India Supplement report on poverty and inequality in India reveals that the gap between the rich and the poor is widening. Following the pandemic in 2019, the bottom 50 per cent of the population have continued to see their wealth chipped away. By 2020, their income share was estimated to have fallen to only 13 per cent of the national income and have less than 3...
More »Fact check: Union minister’s claim of 15-16 lakh jobs being created every month is inaccurate -Divyani Dubey & Nidhi Jacob
-Scroll.in Ashwini Vaishnaw based his remarks on EPFO data, which experts say does not present a true picture since a bulk of the employment in the country is informal. Union Minister for Railways, Communications, Electronics and Information Technology Ashwini Vaishnaw on November 24 used the Employees’ Provident Fund Organisation, or EPFO, payroll statistics to claim that an average of about 15-16 lakh jobs are being generated by the Union government every month....
More »Budget should focus on job creation, steps to broaden tax base: India Inc to Sitharaman
-PTI/ The Telegraph Confederation of Indian Industry, which was part of the virtual pre-Budget meeting, calls for an aggressive focus on privatisation of public sector units The Budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with finance minister Nirmala Sitharaman on Monday. "The external scenario is likely to continue...
More »Real estate, IT, gig jobs, MNREGA: Making sense of India’s roller-coaster unemployment crisis -Radhika Pandey
-ThePrint.in Employment in India rose from 394.6 million in August to 404.2 million in September, and while the numbers are still below pre-Covid levels, the increase is encouraging. India’s unemployment rate dropped sharply to 6.4 per cent in September from 8.3 per cent in August. This was the lowest unemployment rate in the past four years. The fall in unemployment was seen across both rural and urban regions. Alongside the decline in the...
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