Page 2 - Job Creation

Focus on job creation, capex boost, tax measures in Budget: Industry to FM

Employment-linked incentive scheme for services sector suggested

Budget should focus on job creation, steps to broaden tax base: India Inc

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 to be unfavourable for some time. Hence, we must broad-base our domestic economy by creating new sectors of growth and driving employment generation to boost domestic demand, inclusion, and growth," CII president Sanjiv Bajaj said. The Confederation of Indian Industry (CII) was part of the virtual pre-Budget meeting which was called for an aggressive focus on privatisation of public sector units and increasing allocation to capital expenditure with focus on an investment led growth strategy to pump India's economy amidst the global uncertainty. To boost job creation, CII suggested that an employment linked incentive scheme be introduced and the government could consider an urban ..

New formal job creation fell again in September, shows payroll data

The number of fresh formal jobs created fell for the second consecutive month in September, declining 9 per cent sequentially to 930,000

Gujarat launches new electronics policy, to generate 1 mn job opportunities

The Gujarat government on Saturday launched a new Electronics Policy to generate 10 lakh new employment opportunities in the Electronics System Design & Manufacturing (ESDM) sector in the state. The 'Gujarat Electronics Policy 2022-2028' has been designed to make Gujarat a national hub of ESDM by offering a host of subsidies and incentives to the investors, said an official release. Those wanting to invest in the ESDM sector in Gujarat will be given up to 20 per cent capital expenditure (capex) assistance with a ceiling of Rs 200 crore under the policy, the release said, adding that eligible investors will be entitled to get 100 per cent reimbursement on stamp duty and registration fee paid to the government. While eligible entrepreneurs are exempted from paying any electricity duty, the state government will provide a power tariff subsidy of Rs 1 per unit for a period of five years. Other incentives include interest assistance of up to 7 per cent on a term loan for a period of ...

Manufacturing states see dip in net new EPF subscriptions in August

Net payroll additions, which are calculated taking into account new additions, number of exits, and return of old subscribers, has grown only slightly from 1,652,818 in July to 1,694,211 in August.

Despite rise in budgetary support, NE lags in job creation: Official

Despite the central government more than doubling budgetary support in the last eight years, the northeast region has lagged behind in economic output and job creation, an NEC official said here on Tuesday. Lakhs of youth from the region are going to other parts of the country for jobs, which implies that "something is amiss in terms of economic development", North Eastern Council Secretary K Moses Chalai said. In 2013-14, the total 10 per cent GBS (gross budgetary support) was around Rs 34,000 crore. This financial year, it has reached Rs 76,000 crore. "Despite this, the production and distribution of goods and services are not happening enough and there are not enough jobs, Chalai said, while speaking at a function at the North Eastern Hill University here. Fifty-five central ministries and departments are mandated to spend at least 10 per cent of their gross budgetary support (GBS) for the central sector and centrally sponsored schemes in the northeastern region to accelerate th

Sonowal hands over appointment letters under 'Rozgar Mela' in Assam

As a part of the 'Rozgar Mela' initiative launched by Prime Minister Narendra Modi, Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal handed over the appointment letters to the newly selected youths at Guwahati on Saturday.

PM kicks off Rozgar Mela, says India making effort to deal with challenges

Prime Minister Narendra Modi launched the "Rozgar Mela" on Saturday to recruit 10 lakh people and underscored his government's efforts to create jobs in the last eight years amid the opposition's constant criticism of it on the issue of unemployment. In his address after more than 75,000 people were given appointment letters for various government jobs in the first tranche, Modi acknowledged the challenges facing the economy the world over with many countries hit by a record inflation and unemployment and said India is making every effort to come out of the situation unscathed. "It is a fact that the global scenario is not very good. Several large economies are struggling. In many countries, problems such as inflation and unemployment are at their peak," he said. No one thinks that the side-effects of the once-in-a-century COVID-19 pandemic will go away in 100 days, the prime minister said, adding that the crisis is grave and global, causing adverse effects all around. "Despite thi

Fresh formal job creation falls below 1-million mark in August: EPFO

The unemployment rate shot up to 8.3 per cent, which was the highest, compared with the rates in the past 12 months

India's services activity cools to 6-month low in Sep; job creation slows

PMI for services sector released by S&P Global dipped to 54.3 in September from 57.2 in August as weak external demand weighed on overall sales, with international order declining during the month

States' MGNREGA under probe for potential financial misappropriation

Some states have been using more than permitted MGNREGA funds to build rural infrastructure instead of generating livelihood opportunities for rural needy, says Central government

New job creation slipped 10% in Omicron-hit March quarter, says govt

Mfg sector was worst hit with 140,000 job cuts, followed by education (22,204) and construction (8,954). IT/BPO created most new jobs at 370,000, followed by the health sector (93,701)

Job creation, wealth distribution priority over inflation: FM Sitharaman

The finance minister said if India and the United States joined efforts in growing their respective economies, they might be the engines of global growth within the next two decades

Job creation, reduced inequality should be key targets for India: Report

Study says growth in prosperity also needs to be environmentally sustainable and must be solid and resilient in the face of external shocks

The record of 75 years: How will India be more whole-heartedly admired?

If India addresses its institutional and policy failures, reduces its inequalities and addressing its iniquities over the next 25 years, that would truly make it an Indian century, writes T N Ninan

Need to boost manufacturing to create jobs, says Anand Mahindra

"Only 40 per cent of the labour force that is capable of working is actually working or looking for work. The biggest sufferers are youth and women," said Mahindra.

India needs to grow 8-10% in next 25 yrs to create more jobs: Singapore min

"You need the productive growth because it's the only way in which incomes are going to grow but you need a lot more job growth and it can be achieved," he said.

Pradhan Mantri National Apprenticeship Mela to be hosted in 200 locations

On June 13, 2022, the mela will be organised from 9 AM to 5 PM. The PM National Apprenticeship Mela will take place across 200+ locations in India

Over 825,000 jobs created under flagship scheme PMEGP in FY22: Govt

The government on Tuesday said 1.03 lakh new manufacturing and service units were set up under its flagship scheme PMEGP along with creation of over 8.25 lakh jobs in the last financial year.

West Bengal budget proposes sops for real estate, tea for job creation

2% stamp duty rebate, 10% on circle rate for another six months; no Rural Employment Cess for tea during FY23, small tea gardens spared Agricultural Income Tax