Comments - India's Economy Grew Only 0.2% Annually in the Last Two Years - PakAlumni Worldwide: The Global Social Network 2024-03-28T16:42:18Zhttp://www.pakalumni.com/profiles/comment/feed?attachedTo=1119293%3ABlogPost%3A405137&xn_auth=no#India's #jobs crisis exasper…tag:www.pakalumni.com,2022-01-25:1119293:Comment:4058932022-01-25T18:51:57.454ZRiaz Haqhttp://www.pakalumni.com/profile/riazul
<p><span>#India's #jobs crisis exasperates its youth. #Economic growth is producing fewer jobs than it used to, and disheartened jobseekers instead take menial roles or look to move overseas. #BJP #economy #Modi #unemployment <a href="https://news.yahoo.com/off-canada-indias-jobs-crisis-052922928.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr" target="_blank">https://news.yahoo.com/off-canada-indias-jobs-crisis-052922928.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr</a> via…</span></p>
<p><span>#India's #jobs crisis exasperates its youth. #Economic growth is producing fewer jobs than it used to, and disheartened jobseekers instead take menial roles or look to move overseas. #BJP #economy #Modi #unemployment <a href="https://news.yahoo.com/off-canada-indias-jobs-crisis-052922928.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr" target="_blank">https://news.yahoo.com/off-canada-indias-jobs-crisis-052922928.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr</a> via @YahooNews</span><br/><br/><span>RAJPURA, India (Reuters) - Srijan Upadhyay supplied fried snacks to small eateries and roadside stalls in the poor eastern Indian state of Bihar before COVID-19 lockdowns forced most of his customers to close down, many without paying what they owed him.</span><br/><br/><span>With his business crippled, the 31-year-old IT undergraduate this month travelled to Rajpura town in Punjab state to meet with consultants who promised him a work visa for Canada. He brought along his neighbour who also wants a Canadian visa because his commerce degree has not helped him get a job.</span><br/><br/><span>"There are not enough jobs for us here, and whenever government vacancies come up, we hear of cheating, leaking of test papers," Upadhyay said, waiting in the lounge of Blue Line consultants. "I am sure we will get a job in Canada, whatever it is initially."</span><br/><br/><span>India's unemployment is estimated to have exceeded the global rate in five of the last six years, data from Mumbai-based the Centre for Monitoring Indian Economy (CMIE) and International Labour Organization show, due to an economic slowdown that was exacerbated by the pandemic.</span><br/><br/><span>Having peaked at 23.5% in April 2020, India's joblessness rate dropped to 7.9% last month, according to CMIE.</span><br/><br/><span>The rate in Canada fell to a multi-month-low of 5.9% in December, while the OECD group of mostly rich countries reported a sixth straight month of decline in October, with countries including the United States suffering labour shortages as economic activity picks up.</span><br/><br/><span>Graphic: Unemployment Rate- <a href="https://graphics.reuters.com/INDIA-UNEMPLOYMENT/INDIA/zjvqknbzxvx/chart.png" target="_blank">https://graphics.reuters.com/INDIA-UNEMPLOYMENT/INDIA/zjvqknbzxvx/chart.png</a></span><br/><br/><span>What's worse for India, its economic growth is producing fewer jobs than it used to, and as disheartened jobseekers instead take menial roles or look to move overseas, the country's already low rate of workforce participation - those aged 15 and above in work or looking for it - is falling.</span><br/><br/><span>"The situation is worse than what the unemployment rate shows," CMIE Managing Director Mahesh Vyas told Reuters. "The unemployment rate only measures the proportion who do not find jobs of those who are actively seeking jobs. The problem is the proportion seeking jobs itself is shrinking."</span><br/><br/><span>Graphic: Labour participation rate (LPR)- <a href="https://graphics.reuters.com/INDIA-UNEMPLOYMENT/INDIA-UNEMPLOYMENT/jnvwejnnlvw/chart.png" target="_blank">https://graphics.reuters.com/INDIA-UNEMPLOYMENT/INDIA-UNEMPLOYMENT/jnvwejnnlvw/chart.png</a></span><br/><br/><br/><span>Critics say such hopelessness among India's youth is one of the biggest failures of Prime Minister Narendra Modi, who first came to power in 2014 with his as yet unfulfilled promise of creating millions of jobs.</span><br/><br/><span>It also risks India wasting its demographic advantage of having more than two-thirds of its 1.35 billion people of working age <a href="https://data.oecd.org/pop/working-age-population.htm" target="_blank">https://data.oecd.org/pop/working-age-population.htm</a>.</span><br/><br/><span>The ministries of labour and finance did not respond to requests for comment. The labour ministry's career website had more than 13 million active jobseekers as of last month, with only 220,000 vacancies.</span><br/><br/><span>The ministry told parliament in December that "employment generation coupled with improving employability is the priority of the government", highlighting its focus on small businesses.</span><br/><br/><span>Modi's rivals are now trying to tap into the crisis ahead of elections in five states, including Punjab and most populous Uttar Pradesh, in February and March.</span><br/><br/><span>"Because of a lack of employment opportunities here, every kid looks at Canada. Parents hope to somehow send their kids to Canada," Delhi Chief Minister Arvind Kejriwal, whose Aam Admi Party is a front-runner in Punjab elections, told a recent public function there.</span></p> #India reports first death li…tag:www.pakalumni.com,2022-01-05:1119293:Comment:4058032022-01-05T16:37:41.733ZRiaz Haqhttp://www.pakalumni.com/profile/riazul
<p>#India reports first death linked to #Omicron #coronavirus variant.the western state of #Rajasthan. Omicron cases in the country have now risen to 2,135, #Indian #health official told a small group of reporters in #NewDelhi. #Pandemic #BJP #Modi #Covid_19…</p>
<p>#India reports first death linked to #Omicron #coronavirus variant.the western state of #Rajasthan. Omicron cases in the country have now risen to 2,135, #Indian #health official told a small group of reporters in #NewDelhi. #Pandemic #BJP #Modi #Covid_19 <a href="https://www.reuters.com/world/india/india-reports-first-death-linked-omicron-coronavirus-variant-2022-01-05/" target="_blank">https://www.reuters.com/world/india/india-reports-first-death-linked-omicron-coronavirus-variant-2022-01-05/</a></p>
<p>India on Wednesday reported its first COVID-19 death linked to the fast-spreading Omicron variant in the western state of Rajasthan, a federal health ministry official said.</p>
<p>Omicron cases in the country have now risen to 2,135, the official told a small group of reporters in New Delhi.</p> Budget 2021-22: Minimum wage…tag:www.pakalumni.com,2021-12-14:1119293:Comment:4054072021-12-14T22:02:05.722ZRiaz Haqhttp://www.pakalumni.com/profile/riazul
<p><span>Budget 2021-22: Minimum wage increased from Rs17,500 to Rs20,000</span><br></br><span>Salaries and pensions increased by 10%</span><br></br><br></br><span><a href="https://www.samaa.tv/money/2021/06/budget-2021-22-minimum-wage-increased-from-rs17500-to-rs20000/" target="_blank">https://www.samaa.tv/money/2021/06/budget-2021-22-minimum-wage-increased-from-rs17500-to-rs20000/</a></span><br></br><br></br><span>The government has increased the minimum wage from Rs17,500 per month to Rs.…</span></p>
<p><span>Budget 2021-22: Minimum wage increased from Rs17,500 to Rs20,000</span><br/><span>Salaries and pensions increased by 10%</span><br/><br/><span><a href="https://www.samaa.tv/money/2021/06/budget-2021-22-minimum-wage-increased-from-rs17500-to-rs20000/" target="_blank">https://www.samaa.tv/money/2021/06/budget-2021-22-minimum-wage-increased-from-rs17500-to-rs20000/</a></span><br/><br/><span>The government has increased the minimum wage from Rs17,500 per month to Rs. 20,000.</span><br/><br/><span>Federal Finance Minister Shaukat Tarin on Friday presented the budget for the next financial year 2021-22.</span><br/><br/><span>Introducing the budget, the Finance Minister said that low-income earners have been affected more by inflation. In order to reduce the burden of inflation, the minimum wage has been increased from Rs. 17,500 to Rs20,000 per month.</span><br/><br/><span>The finance minister said that the salaries of government employees are being increased by 10% and the pensions of retired employees will be increased by 10% from July 1.</span><br/><br/><span>--------------</span><br/><br/><span>In purchasing power parity terms, one PPP US$ is equal to about PKR 40.</span><br/><br/><span>So Rs 20,000 per month minimum wage translates to $500 in PPP terms.</span></p>