The government s spending on big infrastructure projects and affordable housing schemes such as Pradhan Mantri Awas Yojana (PMAY) with enhanced budgetary allocations would be "primary drivers of growth" for the cement industry.
Official data showed that of target of 1.012 lakh candidates for training in the current fiscal under Unnati project, barely 4% or 4,181 candidates were trained as on January 20, 2021. The ministry had planned to train one adult member, between 18 and 45 years, per household who had completed 100 days of work under MGNREGA in the previous financial year.
Noting that there are 10 crore labourers in the organised sector and 40 crore in the unorganised sector, Gangwar said the government is making efforts and running programmes to shift the workforce employed in the unorganised sector to organised sector. Employment generation coupled with improving employability is the priority of the government, he said in a written reply to a starred question.
The government has taken various steps for generating employment in the country, the minister said.
The measures include encouraging various projects involving substantial investment and increasing public expenditure on schemes like Prime Minister s Employment Generation Programme (PMEGP), Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), Pt Deen Dayal Upadhyaya Grameen Kaushalya Yojana (DDU-GKY), Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM) and Pradhan Mantri Mudra Yojana (PMMY).
URL copied
1.7 lakh people lost jobs every hour last April: Report
While the wealth of nations top 100 billionaires increased by Rs 12.97 lakh crore since March 2020, about 1.7 lakh people lost their jobs every hour in April 2020 alone. Oxfam India s CEO Amitabh Behar says, To contextualise the inequity in what is the biggest economic crisis in the history of independent India, the wealth of the nation s top 100 billionaires went up by Rs 12,97,822 crores since March 2020, while in April alone over 170,000 people lost their jobs every hour. Just this increase in wealth could sustain the NREGA wages (National Rural Employment Guarantee Act) for 10 years!
In the light of the ongoing farmer protests and the pandemic wiping out livelihood for many farmers while also reshaping the agritech sector, what will the budget dole out for India's agricultural economy?