oppn parties Anger Is Building Up As Jobs Are Not Being Created

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Tiranga Rally Is Excellent. Breaking The Law Was Not

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  • Allahabad HC said that the UP Police is acting as law unto themselves as they detained a person unlawfully even before his arrest
  • Kolkata witnesses traffic snarls on the first day of the Durga Puja festival as revellers start pnadal-hopping
  • Neha Bora was subsequently released and Dipke is to appear before a magistrate today at noon
  • Delhi Police detained Cockroach Janta Party founder Abhijeet Dipke, Neha Bora of AISA, student leaders and supporters ahead of a rally in Connaught Place demanding Chief Election Commissioner Gyanesh Kumar's resignation. The protest followed the detention and jailing of two CJP leaders earlier in the week over demonstrations at Jantar Mantar
  • The Reserve Bank of India is considering further monetary tightening to counter capital outflows and increase the cost of betting against the rupee, according to bankers and analysts cited by Reuters. The measures follow recent rate increases and steps to drain liquidity as pressure on the currency and inflation concerns persist
  • India directed oil marketing companies to stop diverting sugar-based feedstocks for ethanol production in the 2026–27 supply year, according to a new tender issued on Friday. The companies have invited bids for 11 billion litres of ethanol made from alternatives including corn and broken rice, amid concerns about domestic sugar supplies and prices
  • Finance Minister Nirmala Sitharaman said India's trade imbalance with China was growing sharply and attributed the problem partly to restrictions on Indian goods and services entering the Chinese market. China subsequently said it was ready to work with India to address mutual economic and trade concerns; India's trade deficit with China reached $69 billion in the first half of FY2026–27, up 27% year-on-year
  • Indian equity benchmarks extended their recovery on Friday, with the Sensex rising 413.66 points to close at 74,729.27 and the Nifty 50 gaining 148.80 points to settle at 23,146.15. Information technology shares, including Tech Mahindra, Infosys and TCS, helped lift the indices
  • India defeated Zimbabwe by four wickets in the opening women's T20 International in Raipur, taking a 1–0 lead in the three-match series. Deepti Sharma and Niki Prasad combined in an 82-run stand after India's top order collapsed, helping the hosts chase down Zimbabwe's total of 114 for five
  • Indian wrestler Komal won bronze in the women's 59 kg category at the Under-23 World Wrestling Championships in Las Vegas, defeating Kazakhstan's Viktoriia Khusainova 7–2. Fellow Indian Amruta Pujari advanced to the women's 72 kg final after recording two pinfall victories
  • Indian shuttler Jagsher Singh Khangurra secured a bronze medal at the BWF World Junior Badminton Championships in Cairo
  • The Supreme Court of India upheld the Bombay High Court's decision quashing the 2020 write-off of ₹8,415 crore in additional tier-1 bonds issued by Yes Bank (Yes Bank). The court ruled that the bank's administrator lacked the authority to extinguish the bonds under the final reconstruction scheme, strengthening bondholders' claims
  • The Supreme Court issued notices to the Election Commission of India, Delhi Police and opposition leaders, including Rahul Gandhi and Akhilesh Yadav, in separate petitions concerning electoral-roll revision and protests held in Delhi on October 10–12. The court also directed the preservation of CCTV footage linked to allegations of police excesses
  • The Supreme Court ruled that a person converting from Hinduism to Islam cannot automatically claim backward-class reservation benefits in the new religious community solely on the basis of their previous caste status. The judgment upheld the Madras High Court's decision striking down a 2024 Tamil Nadu government order that permitted such certification for specified communities
  • The Election Commission of India ordered a Special Summary Revision of electoral rolls in 14 states and three Union Territories, using January 1, 2027, as the qualifying date for voter eligibility. The draft rolls are scheduled for publication on November 12, claims and objections will be accepted until December 11, and the final rolls are due on January 4, 2027
Delhi HC refuses to ban CJP's Tiranga rally at Central Park in Connaught Place today /////// Police says will control and regulate it /////// NDMC closes the park for the public on Friday and Saturday
oppn parties
Anger Is Building Up As Jobs Are Not Being Created

By Our Editorial Team
First publised on 2022-06-16 06:34:08

About the Author

Sunil Garodia The India Commentary view

Even if one is to ignore the wide disparity in the official (G0I's PLFS) unemployment figures and the same put out by CMIE, the ground reality is that unemployment is growing fast in India and has increased manifold after the pandemic. The problem is more acute for the young who are entering the job market for the first time.  This has meant that many are just opting out of the labour market as there are simply no jobs. For the rest, the quality of jobs is declining and real wages are going down. Hence, 'mission mode' or not, the Centre's decision to employ 1 million people by the end of 2023 is unlikely to change the situation much. For, India adds 12 million to its working age population every year. Even if half of them enter the job market, 6 million new jobs are needed to be created every year. Also, the Central government is a marginal player in job creation. The real driver of job growth is the private sector and within that, the manufacturing sector. But sadly, with more automation and better technology, low-skilled and entry level jobs in the manufacturing sector are reducing at an alarming rate and hence its capacity to absorb new entrants is also declining.

So how will the situation change? The young need jobs for there is a limit to self-employment. Hence, there must be enough new jobs for low-skilled or semi-skilled new entrants in the job market. Further, up-skilling of these new entrants must be taken up in mission mode so that they can get jobs and perhaps better paying jobs. Although there are many downstream units that can take up low-skill manufacturing, cost and competitiveness can be a negative factor. Still, it is always better to have a small scale manufacturing unit that employs 20 low-skilled workers than having a situation where these 20 workers open 'pakoda' stalls. Labour-intensive manufacturing is not cost-effective in the long run and skilling the work force to move up to skilled jobs in other units is the other big step India has to take. It has to become a cycle where new entrants are absorbed first in low-skill jobs and then acquire the skills to move up. That is the most effective way to counter growing joblessness. Government policy has to change accordingly.

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