Unemployement% is Total Live Register/ (Total Employed + Live Registers). The live register is the total number of Applicants who are currently seeking Job. This is published by MOLE every 5 years. PLFS was introduced during NDA1
And they started publishing this data last year. Any data apart from these that you see on the internet is either speculative or done basis of sampling methods which suits their narrative and convenience.
PLFS for 2018-19 was 6.1%. This was an all time high in the last 45 years. Ever since the 1990s till introduction of PLFS, the unemployment % stood between 5.3 to 5.6%. Now diving into some statistics. Before 90s the Rural/Urban population mix was 75/25.
Today the Rural/Urban population mix is 65/35. In absolute figures, urban population has more than doubled from 22 crore to 48 crore. Rural population has increased from 65 to 89 crore. For ex: Hosur in TN became Semi urban from rural in 30 yrs despite industrialisation.
Agriculture contribution of TN has reduced from 7% to 2% is an example. This ratio shift is a sign of migration & not rural urbanisation. The Farm bill amendment in 2006 during UPA 1 allowed sale of uncultivable & low yield farm lands to real estate & industries.
Instead of reviving agriculture they paved way for its extinction. Migration again! During the 2008 global recession, The banks here loaned in excess than the demand to cover the NPAs of that time. This was giving an image that we were growing but the reality was otherwise.
These loans did not translate to ground investments and did not create any employment. The next is the growth in our population. In 1980 the population was 60 crores. In 30 years, in 2011 it sky rocketed to 120 crores. 90 and 2K Kids are excess in supply than demand.
Poor demand planning is a cause and Planning commission had no clue about this crisis. Only after NDA 1, it has come to light that only 1% of the total OBC have taken advantage of reservation. With a majority OBC population this only shows how UPA had no clue of how reservation
was abused and only now corrections are underway for this.
Anywhere between 9% to 47% is the the reduction of work force in every industry due to introduction of new automated technologies. The tech companies say that 94% of the current job seekers do not suit their requirements
there are millions of jobs for which there are no takers. Unskilled labour front: The number of unskilled migrants leaving the country has been falling: An estimated 391,000 left India in 2017, almost half the number in 2011 (637,000). These people have taken up jobs here
and this is a cycle which will leave the same percentage jobless. Out of 6.1% unemployment only 16% are graduates. So the total the total graduates remaining jobless is less than 1%. In the job seekers live register there are people above age of 40,50 and even 60 🤐
25% kids complete class 10 and 12 and start looking out for jobs.
UPA 1 and 2: Average FDI inflow was 30000 Million USD per year. During NDA the average inflow is 55000 Million USD in the last 6 years. And Centre govt is promoting MSME coz it is because they employ 40%.
Farm bill to revive agriculture, NEP for skill development, FDI and MSME for improved capital inflow and grass root level job creation. These are long term plans. Congress is known for mismanagement and moratorium in everything.
They’d always take a decision only when everything reaches a flashpoint. This includes the economic liberalisation in 1990. Despite knowing population increase they waited for IMF to tell them.
With 75% of middle class population, the US, China have similar unemployment issues. But the issues contributing to it are different. Unemployement in US is around 8% and is 6% in China. Average unemployement in countries with more poor population is more than 25%
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There seems to be some misinformation/confusion basis on the notification released by NPCI on the new transaction fee to be levied on UPI transactions from 1st April 2023.
1. According to ET, the NPCI circular is not in the public domain & people are making opinions basis… twitter.com/i/web/status/1…
2. The transaction fee is not applicable for those making UPI payments linked through bank accounts. Most of us make UPI payments in this method.
3. The transaction fee is applicable for UPI payments made thru prepaid instruments. UPI wallet is a prepaid instrument. (2/4)
Why Wallet Transactions?
Small transactions clutter your bank passbook, and there’s a significant load on the bank server after the UPI boom.
Moreover, UPI payments need internet access and cannot be done offline. Digital wallets help you make offline payments.
Thiru @annamalai_k, in his kovilpatti speech, was loud & clear: This is the age of politics of the Common man & not corrupt crocodiles like DMKians.
Feeling the heat, Corrupt DMK politicians stumbled on a startling discovery; His 4 Lakh worth Rafale watch. (1/7)
Unlike politicians who live a luxurious life out of no normal means of income, @annamalai_k was a successful IPS officer and received a monthly salary. Post-voluntary retirement, he has been receiving a standard agricultural income. - Known to all fact! (2/7)
A lesser-known fact is that his wife has had a vibrant working career and is today a successful entrepreneur.
After graduating from PSG Tech, she pursued her post-graduation in business administration at IIM-B. She began her career in marketing with JSW Steel in 2009. (3/7)
30.12.2021ஆம் தேதி தமிழகத்தின் கூடுதல் தேவைக்காக 5,00,000 டன் நிலக்கரியை ஒதுக்கியது கோல் இந்தியா.
ஆனால் மார்ச் இறுதி வரை அதிலிருந்து வெறும் 96,000 டன் நிலக்கரியை மற்றும் தமிழக அரசு இறக்குமதி செய்துள்ளது.
நிலக்கரியை தமிழகம் எடுத்த செல்ல 21 ரேக்குகளையும் மத்திய அரசு தமிழக அரசுக்கு ஒதுக்கியுள்ளது.
இதன் மூலம் நாள் ஒன்றுக்குச் சராசரியாக 80,000 டன் நிலக்கரியை இறக்குமதி செய்யமுடியும்.
இதன் இடையே, ஏப்ரல் மற்றும் மே மாத கூடுதல் தேவைக்கு 4.8 லட்ச டன் நிலக்கரியை வெளிநாட்டிலிருந்து ஒரு டன்னுக்கு $137 என்கிற விலைக்கு இறக்குமதி செய்ய போது விடியல் அரசு.
கோல் இந்தியாவின் முதலாம் தர நிலக்கரி விலையை விட இது 21 சதவீத அதிகம்.
● This Bill has been pending for the last 34 years due to the negligence of Congress-led UPA Government.
● This Bill in a nutshell aims to bring an uniform safety regulation for dams in the country.
● It mandates creation of State Committee on Dam Safety & State Dam Safety Organisation, as per CAG Report (2008-2016) out of 17 states only 2 states had inspected the conditions of the dams.
● A 1986 Report on Dam Safety Procedures suggested the enactment of a uniform legislation for dam safety.
The 2010 Standing Committee report for Water Resources (Dam Safety Bill, 2010) came up with legislation taking down objections of various states. It was later ignored.