US Economy in Adverse Case of FED.?

The Financial Development Report 2012

Latest FOMC Minutes

World Economic Forum ' Transparency for Inclusive Governance'

Alan Greenspan ' Fiscal Cliff is Painful '

Wednesday, August 3, 2011

Half of Indian are Unemployed. Indian Govt Admits, is itDoing Enough..?

Reliable estimates of employment and unemployment are obtained through quinquennial labour force surveys conducted by National Sample Survey Office. Last such survey was conducted during 2009-10. As per the results of the latest two surveys, employment rate (Worker Population Ratio) has declined to 39.2 percent in 2009-10 from 42 percent in 2004-05.

As against the target of creation of 58 million additional job opportunities during the Eleventh Plan, about 20 million job opportunities on current daily status were created during 2004-05 to 2009-10.

Government of India has been making continuous efforts through normal growth process and by implementing various employment generation schemes such as, Swarana Jayanti Shahari Rozgar Yojana (SJSRY); Prime Minister's Employment Generation Programme (PMEGP); Swarnajayanti Gram Swarozgar Yojana(SGSY) and Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) besides entrepreneurial development programmes run by Ministry of Micro, Small & Medium Enterprises.

The Minister of Labour and Employment Shri Mallikarjun Kharge gave this information in reply to a question in the Rajya Sabha today. 


Unemployed Persons in the Country
Union Minister of Labour and Employment Shri Mallikarjun Kharge today informed the Rajya Sabha that Reliable estimates of employment and unemployment are obtained through quinquennial labour force survey conducted by National Sample Survey Office. Last such survey was conducted during 2009-10. As per results of the latest survey, the estimated number of unemployed persons on usual status basis was 9.50 million in the country during 2009-10.

Replying to a written question the Minister said Government of India is not in favour of providing unemployment allowance to unemployed persons as a social security measure. However, there is a provision of unemployment allowance under Mahatma Gandhi National Rural Employment Guarantee Act, 2005, if work is not provided within 15 days of registration under the Scheme.

Percentage of workers engaged in manufacturing sector on usual status basis has declined from 11.7% in 2004-05 to 11% in 2009-10. The main reason attributed to this decline may be adoption of capital intensive techniques of production.

ST/DT
(Release ID :73815)

No comments:

Post a Comment