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Monday
December 2018
7:34 PM IST
News Headlines
1st Test: India in cruise control as Australia reduced to 104/4 chasing 323        Over 16000 runners take part in Pune Half Marathon        India's coal output up 10% to 156 MT during Apr-Nov        Iran arrests 10 over suicide attack on police        Trump chooses new Joint Chiefs of Staff chairman, against Mattis wishes        Can special consideration be shown to man with skin disorder: HC asks Centre        BJP files caveat in SC over 'rath yatra' in WB        'Won't hesitate from another surgical strike if need arises'        Kohli booed by Australian fans, Head, Ponting critical of crowd behaviour        Pujara, Rahane put India in driver's seat        Prabhu links creativity & business opportunities to cheap beverages in Goa        Merkel gets boost with ally's party win        Rouhani warns weakened Iran less able to fight trafficking        More than 225 terrorists killed in J&K so far this year: Army        Glad key people shedding fear, breaking silence on govt decisions: Chidambaram        Modi used surgical strikes for 'political capital': Rahul        Krishnamurthy Subramanian appointed as Chief Economic Advisor for 3 years        Indian Super League: Kerala Blasters' Hopes Hanging By A Thread After Defeat Against Pune City        31st GST Council to meet on Dec 22 in Delhi        Trump may nominate Heather Nauert as UN Ambassador: Reports        
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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.


India's coal output up 10% to 156 MT during Apr-Nov
Prabhu links creativity & business opportunities to cheap beverages in Goa
31st GST Council to meet on Dec 22 in Delhi
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KERALA NEWS
Activist Rehana Fathima, Who Attempted Sabarimala Trek, Arrested Over Facebook Post
 (Kochi, Nov 28, 2018): Model and activist Rehana Fathima, who tried to reach Kerala's Sabarim  
Good news for Keralite Nurses: IELTS cut-off reduced to 6.5
BJP leader K Surendran, 71 others granted bail
Sabarimala protests: Arrests up to 2061, Kerala HC warns police
INTERNATIONAL NEWS
Iran arrests 10 over suicide attack on police
 Tehran, Dec 9 (AFP) Iranian police said Sunday that 10 people had been arrested in connection with a
Trump chooses new Joint Chiefs of Staff chairman, against Mattis wishes
Merkel gets boost with ally's party win
Rouhani warns weakened Iran less able to fight trafficking
NATIONAL NEWS
Can special consideration be shown to man with skin disorder: HC asks Centre
 New Delhi, Dec 9 (PTI) The Delhi High Court has asked the Centre whether a man suffering from a rare
BJP files caveat in SC over 'rath yatra' in WB
More than 225 terrorists killed in J&K so far this year: Army
Glad key people shedding fear, breaking silence on govt decisions: Chidambaram
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