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September 2018
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Hasan, Asghar, Rashid fined 15 per cent of their match fees        Ready to be sacked if ATK do not fare well: Coppell        Sensex ends in red after 1,000-pt flash crash        OYO to hire over 2,000 tech experts, engineers by 2020        Thousands rally across Russia against raising pension age        Pak PM Imran hits out at India, calls its response "arrogant" for cancelling talks        Sisodia, AAP MLAs discharged in case related to 2014 protest        We have no role in selection of Reliance Defence for Rafale deal: Govt        Modi, Ambani carried out Rs 1.3 lakh cr 'surgical strike' on defence forces: Rahul on Rafale issue        Chekka Chivantha Vaanam: Second trailer released        Golden Globe Race: Indian Navy Officer Abhilash Tomy injured; INS Satpura dispatched for rescue        India Calls Off Talks With Pak, Says "Imran Khan's True Face Exposed"        Indian govt wanted Reliance for Rafale, we didn't have a choice: Ex-French prez Hollande        Wreckage of Captain Cook’s ship found off US coast        Death toll reaches 136 in Tanzania ferry disaster with scores missing        Ravindra Jadeja, Rohit Sharma take India to comprehensive 7-wicket win        Naomi Osaka Eases into WTA Tokyo Event Semi-final        Let the boundaries go away: Pakistani youth sings Jana Gana Mana with full respect        Three kidnapped cops killed by terrorists in Jammu and Kashmir        Freak penne trending with dislikes and trolls        
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Business News
Ensure job creation with focus on rural unemployed: Mukherjee
 
Mumbai, Dec 7 (PTI) Amid fears of jobless growth, former President Pranab Mukherjee today urged the government to ensure employment creation with a special focus on the rural unemployed.

"What type of a growth would we like to have? We must have growth with jobs. Jobless growth cannot be the object of a country like ours, he said speaking at the RD National College here.

"We must have job creation and there must be a balance between the job creation in the urban unemployment and the rural unemployment," he added.

Mukherjee, who demitted office in July this year, said recent figures suggest a "marked improvement" in the reduction of unemployment ratio in urban areas but the rural areas continue to face troubles.

"I do hope the government and particularly the finance minister, while presenting his budget, will take note of this," he said.

The remarks come within months of the complaint by then Union Labour Minister Bandaru Dattatreya, about jobless economic growth in the country.

"The current growth is a jobless growth. Many European and Asian countries, including India, are facing it... growth is being reported but it is not reflecting in employment generation," he had said.

A slew of experts have been stressing on the need to create enough jobs in the economy, warning that the country's demographic dividend can turn into a demographic nightmare if this area is not addressed.

He said providing employment for a limited days every year is now a constitutional guarantee after the UPA government passed the right to jobs in 2008.

The country s GDP growth accelerated to 6.3 per cent for the second quarter after plummeting to a three-year low of 5.7 per cent in the preceding three months.

Mukherjee, who has held the Finance portfolio twice, welcomed the growth uptick and said that the next two quarters will see the economy growing by over seven per cent.

He also said that the present level of inflation measured both by the wholesale prices and consumer prices is at a "comfortable level."

He said the current state of non-performing assets in the banking system is a "major concern."

Without touching upon the need for reforms at the state-run lenders, he welcomed the Government's move to inject capital into the banks and added that every finance minister will have to do it.

He claimed that the banks have been able to overcome the problems of NPAs without the government having to provide huge support as seen in some western countries post-crisis.

Mukherjee asked for massive investments in the education sector so that we can deliver on the constitutional promise of social justice.

The country s universities have not been able to produce one Noble laureate since C V Raman and the people of Indian origin like Amartya Sen won the coveted prize after working in foreign varsities, he pointed out.

He stressed on the need for an enabling atmosphere, and also rued that the present education system has not been able to create the motivation which is needed for research purposes.


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KERALA NEWS
Kannur International Airport: Kerala to be the first state with four international airports
 Malappuram: With Kannur International Airport becoming operational, Kerala will be the first state i  
Bar bribery case: Court dismisses the vigilance report
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INTERNATIONAL NEWS
Thousands rally across Russia against raising pension age
 Moscow, Sep 22 (AP) Thousands rallied across Russia on Saturday to protest the government's plan to
Pak PM Imran hits out at India, calls its response "arrogant" for cancelling talks
Wreckage of Captain Cook’s ship found off US coast
Death toll reaches 136 in Tanzania ferry disaster with scores missing
NATIONAL NEWS
Sisodia, AAP MLAs discharged in case related to 2014 protest
 New Delhi Sep 22 (PTI) A Delhi court on Saturday discharged Deputy Chief Minister Manish Sisodia, AA
We have no role in selection of Reliance Defence for Rafale deal: Govt
India Calls Off Talks With Pak, Says "Imran Khan's True Face Exposed"
Indian govt wanted Reliance for Rafale, we didn't have a choice: Ex-French prez Hollande
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