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It’s mere seconds after you leave the bathroom that a hand claps down on your shoulder and a shriek catches in your throat as you’re roughly pulled to the side. Your back hits against a wall and suddenly you find yourself caged in a heat that smells of smoke, earthen spice and charcoal.
Unemployment Rate increases in June Month
Why in News?
According to the Centre for Monitoring Indian Economy (CMIE) data, the unemployment rate for June rose to 7.80% in India.सेंटर फॉर मॉनिटरिंग इंडियन इकोनॉमी (सीएमआईई) के आंकड़ों के मुताबिक, जून महीने में भारत में बेरोजगारी दर बढ़कर 7.80% हो गई।
Highlights:-
» As per the figures released by CMIE, the unemployment rate increased as 13…
India's unemployment rate fell from 6.1% to 5.8% in 2018-2019: Govt
India’s unemployment rate fell from 6.1% to 5.8% in 2018-2019: Govt
India’s unemployment price fell marginally between July 2018-June 2019 to five.8% in comparison with 6.1% throughout the identical interval in 2017-18 whereas the labour force participation ratewithin the nation rose marginally to 37.5% as in opposition to 36.9% within the corresponding interval of 2017-18. Even the employee inhabitants ratio went as much as 35.3% as in opposition to 34.7% in…
India's unemployment rate fell from 6.1% to 5.8% in 2018-2019: Govt
India’s unemployment rate fell from 6.1% to 5.8% in 2018-2019: Govt
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India’s unemployment rate fell marginally between July 2018-June 2019 to 5.8% compared to 6.1% during the same period in 2017-18 while the labour force participation rate in the country rose marginally to 37.5% as against 36.9% in the corresponding period of 2017-18. Even the worker population ratio went up to 35.3% as against 34.7% in 2017-18 annual survey, says the ministry of statistics…
The ruling NDA government won a landslide in 2014 on a promise that it will produce jobs. Five years down the line, India is staring at one of the worst job crisis ever.
The ruling NDA government won a landslide in 2014 on a promise that it will produce jobs. Five years down the line, India is staring at one of the worst job crisis ever.
A report citing National Sample Survey Office's Periodic Labour Force Survey (PLFS) data, the publication of which was withheld, revealed that unemployment in the country was at a 45-year-high of 6.1 per cent in 2017-18.
Since the official data is yet to see the light of day, professionals turned to other credible sources. An analysis based on a data by a private body Centre for Monitoring the Indian Economy (CMIE) further revealed the nature of the crises.
The Azim Premji University report based on CMIE data found that nearly 50 lakh people in India lost their jobs between 2016-2018, youth being the worst hit. "In general, women are much worse affected than men. They have higher unemployment rates, as well as lower labour force participation rates," it added.
Though the job loss has been witnessed across sectors, including governments own schemes, its been massive in the informal sector, which constitutes over 80 per cent of the total work force, according to the International Labour Organization.
Experts have said that the informal sector is still suffering from the shock of demonetization.
The only key argument that the government repeatedly had to offer was that how the country could not be producing jobs when the GDP growth rate is among the fastest in the world. This argument saw a massive rebuttal, from experts across the globe, who raised doubts over the GDP figures itself.
Former Reserve Bank of India Governor Raghuram Rajan said in a TV interview: "I know one Minister has said how we can be growing at 7 per cent, yet not have jobs. Well, one possibility is that we are not growing at 7 per cent."
International Monetary Fund's (IMF) Chief Economist Gita Gopinath, too, expressed doubt over India's growth rate, saying there are still some issues with the way India calculates it.
Several experts, social scientists and activists expressed doubt over the unemployment and growth rate figures and alleged that the government was suppressing uncomfortable data.
Explaining one such point of contention, R. Nagaraj of the Indira Gandhi Institute of Development Research told IANS that as the employment rate has fallen, one would also expect output growth to have decreased, unless there is a huge rise in productivity per worker for which there is no evidence.
"So, the rising GDP and declining employment rate for the same year seems anomalous," he said
Nagraj, alongside several economists, in a statement released earlier, questioned the government's intent behind the Gross Domestic Product (GDP) methodology revision and called for the restoration of independence of statistical bodies in light of the allegations that government was suppressing uncomfortable data.
The big question for the whole of the political class and in particular the next government is: Can they come out with a definitive long-term strategy to keep unemployment in check?
THX & Sony Introducing New Premium Large Formats, Will Hit Theaters In 2019
As the cost of movie tickets goes up each year, fewer people continue to go to the movies. To make up for the lack of patrons and in the face of improving home theater technology, movie theaters are pressured more and more to justify their cost of admission.
One way they’ve done this is by introducing premium formats into their theaters, which offer an array of moviegoing experiences beyond just…