National News
PM Modi Says New Possibilities Being Created For Youth As Unemployment Decreasing Fast
New Delhi, October 12: Prime Minister Narendra Modi on Thursday said that new possibilities are being created for the youth as India’s economy is expanding and unemployment is decreasing fast in India. In a virtual address at Kaushal Dikshant Samaroh 2023, the Prime Minister said that employment creation in India has reached a new height and the unemployment rate in India is at its lowest level in six years according to a recent survey.
‘Unemployment is decreasing rapidly’
Noting that unemployment is decreasing rapidly in both rural and urban areas of India, PM Modi emphasised that the benefits of development are reaching both villages and cities equally, and as a result, new opportunities are increasing equally in both villages and cities. He also pointed out the unprecedented increase in the participation of women in India’s workforce and credited the impact of the schemes and campaigns that have been launched in India in the past years regarding women empowerment.
PM Modi remarked that this festival of skill development is unique
Addressing the gathering, the prime minister remarked that this festival of skill development is unique in itself and “today’s event of joint convocation of skill development institutions across the country is a very commendable initiative”. He said that Kaushal Dikshnat Samaroh reflects the priorities of today’s India. Acknowledging the presence of thousands of youth connected with this event through technology, Modi conveyed his best wishes to all the youth.
He highlighted the importance of the power of the youth in utilising the strengths of any country such as its natural or mineral resources, or its long coastlines and said that the country develops more with stronger youth power thereby doing justice to the nation’s resources.
PM Modi emphasised that a similar thinking is empowering India’s youth
PM Modi emphasised that a similar thinking is empowering India’s youth which is making unprecedented improvements in the entire ecosystem. “In this, the country’s approach is two-pronged,” the Prime Minister said. He explained that India is preparing its youth to take advantage of new opportunities through skilling and education.
Highlighting the recent figures released by the International Monetary Fund, PM Modi informed that India will remain the fastest-growing major economy in the coming years. He also recalled his resolve to take India among the top three economies of the world and said that the IMF is also confident of India becoming the top three economies of the world in the next three-four years.
The PM underlined that it would create new opportunities for employment
The Prime Minister underlined that it would create new opportunities for employment and self-employment in the country. Concluding the address, he stressed on making India the biggest centre of skilled manpower in the world in order to provide smart and skilled manpower solutions.
Maharashtra
‘Not A Single Mention Of Maharashtra Is An Outright Insult…’: Aaditya Thackeray Slams Union Budget 2025
Mumbai: Former Maharashtra minister and Shiv Sena (UBT) MLA Aaditya Thackeray has criticised the Union Budget 2025, highlighting the absence of any specific allocations for Maharashtra despite it being the highest tax-contributing state.
Responding to the Union Budget in a social media post, Thackeray pointed out what he sees as a stark contrast between Bihar’s prominent mentions and Maharashtra’s complete omission. “Not a single mention of Maharashtra is an outright insult to the state that contributes the highest taxes, including one of the highest GST consistently,” he said.
The former minister questioned the budget’s approach to unemployment, noting that while the government speaks about income tax rebates, it fails to address how citizens can earn enough to qualify for these benefits. “When unemployment is at its highest, there’s no mention of a solution to it,” Thackeray remarked.
On infrastructure development, Thackeray criticised the government’s capital expenditure plans, alleging a “contractor-based economy” where “favourite contractors get contracts” resulting in “horrible roads” on major Maharashtra highways. He highlighted that while rupees 11.1 lakh crores was proposed last year, only rupees 10.1 lakh crores were actually spent.
Regarding aviation infrastructure, Thackeray questioned the government’s UDAAN scheme announcement for 120 new airports, specifically noting the omission of Pune’s new airport despite local demand and representation. He also raised concerns about previously launched airports that have since ceased operations.
The Shiv Sena (UBT) leader also addressed everyday challenges facing citizens, including increased transport fares and food inflation. “The common person still grapples with a hike in State Transport Buses and auto rickshaw fare hike in Maharashtra. The people still face inflation in daily market buys like onion, tomato, potato,” he stated, questioning the government’s strategy to make essential items affordable without reducing farmers’ income.
In a pointed reference to BJP’s past promises, Thackeray sarcastically remarked on Bihar’s budget allocations, wondering if the state had received the rupees 1.25 lakh crores package promised by BJP in 2015 and subsequent promises made in 2024.
Maharashtra
Union Budget is just a maze of numbers: Maha Congress
Mumbai, Feb 1: Maharashtra Committee on Saturday claimed that the Union Budget is just a maze of numbers and mess, adding that the farmers are in crisis as they are protesting for the guaranteed price for their agricultural products but there has not been a single word about them in the budget.
“The highest number of farmer suicides are taking place in Maharashtra, while there is a demand for loan waiver for farmers, the BJP government has not announced loan waiver,” said Maharashtra chief Nana Patole.
He added that increasing the Kisan Credit Card limit from Rs 3 lakh to Rs 5 lakh will not benefit the farmers.
“Inflation is increasing at a high rate, unemployment has increased tremendously, and there is no concrete plan for job creation,” he said.
He added that the Union government has announced that there is no tax up to Rs 12 lakh in income tax, but there is confusion in it too.
“It seems that this announcement had to be made for the benefit of the salaried class and middle class after BJP’s chariot stopped at 240 against its slogan of 400 plus,” he said.
He said that instead of providing substantial funds in the budget for the MGNREGA scheme, which provides employment to the poor in rural areas, the funds have been cut.
“There is no substantial provision in the budget for two important sectors, health and education. The promise of providing two crore jobs every year was made in 2014, but in the last 11 years, not only have jobs not been provided, but there is the worst unemployment crisis. There is no concrete policy in the budget regarding employment generation and jobs. The common man has not been given concessions to fulfil his dream of housing and GST has not been reduced,” said Patole.
He said that Bihar was mentioned consistently in the budget but no other state including Maharashtra was mentioned.
“Bihar is going to have Assembly elections soon, so the Finance Minister has deliberately mentioned Bihar in the budget. The negative response of the stock market immediately after the budget was presented means that this budget has not met the expectations,” he said.
Meanwhile, the party general secretary Sachin Sawant said that the budget has made it clear that the direction of economic policies has been wrong for the last ten years and the policy of the Congress party was right.
“For the last ten years, the government was focused on increasing supply. Corporate tax was reduced by Rs 1.5 lakh crore, but corporate profits did not increase and employment did not increase. Even though corporate loans were written off by banks, neither private investment nor exports increased. During this period, the current account deficit increased and the trade deficit did not decrease,” he said.
He added that the foreign direct investment, which was 3.6 per cent of the gross domestic product during the UPA government, came down to 0.8 per cent.
“Foreign institutions are fleeing the stock market as corporates are not making profits. However, the purchasing power of the people has fallen to its lowest level in the last twenty years,” said Sawant.
He added that the Modi government is the most failed, policy paralysed and economically ignorant government.
“It is clear how far the concept of a developed India is due to their inefficiency and how the monster of unemployment and inflation as well as huge economic inequality is swallowing the common man,” he claimed.
National News
‘Disaster for common people’: Amit Mitra slams Union Budget
New Delhi, Feb 1: Dr Amit Mitra, Principal Chief Advisor to the Chief Minister and Finance Department of West Bengal, criticised the Union Budget on Saturday, saying it was “a disaster for the common people”.
Claiming that there is nothing for the common people in this budget, he told media, “It (Union Budget) has cut everything. Social services were cut by 16 per cent. Housing cut by 4.38 per cent. Welfare and scheduled cast and scheduled tribes were cut by over 3 per cent. Social services and welfare, very important for the common people, were cut by 5 per cent. Now what is interesting is that even food subsidy had been cut by 1 per cent.”
“And there’s nothing for the youth, women or farmers. Unemployment as you know, youth unemployment today is 46 per cent. Among them, 30 per cent are unemployed who are graduates. According to CMIE, as much as 37,000,000 people were unemployed between October and December,” the Principal Chief Advisor to the CM claimed.
On 100 per cent FDI allowed in insurance, Mitra said, “It is a challenge to all the public sector companies like LIC and a host of other insurance companies and including Indian private sector companies. Now while they are coming in, they’ll come in with a 100 per cent equity. When our state asks for GST on insurance, including life insurance, to be reduced from 18 per cent goods and services tax to 0 because it’s only punishing people who are taking insurance. The central government did not allow it. It postponed it. That leads me to the question. Is there some kind of a conspiratorial process here that foreign direct investors come in 100 per cent equity, but the GST remains at 18 per cent for insurance for the common people? Who benefits from this?”
Commenting on the manufacturing sector, he stated the survey has directly said the growth rate has been cut.
“Manufacturing is only 15 per cent of our GDP. And the promise was to take it to 25 per cent. What is there in the budget which is gonna take manufacturing to that 25 per cent target of Mr Modi? So how will you get higher growth? Naturally, growth is tumbling and conservative in its expectations. So what has the budget done for the common people? It has consistently cut,” Mitra stated.
Commenting on the new tax exemption limit announced in the budget, the Principal Chief Advisor to the West Bengal Chief Minister said, “Taxes from 7 lakh threshold have been raised to 12 lakh. So the income of 12 lakh level will not pay taxes, but remember inflation is rising and there is nothing in the budget to control inflation.”
Explaining the new tax exemption limit, he said, “Only 8 crore people pay taxes. Even if some proportion of those people gain a little bit, it’ll get eaten up automatically by inflation. That means your real gain is 0. This is the kind of very clever trick that the budget plays.”
Slamming the budget, he said, “What has it done for inflation? In fact, to keep the fiscal deficit at 4.4 per cent central government is again going to borrow almost Rs 15 lakh crore. So the debt of the country will keep going. So my conclusion, is nothing for the common people, nothing for the youth, only unemployment. Nothing for women of any significance, only words. Nothing for the farmers accepting some homilies.”
Mitra also alleged that there was a deep-rooted conspiracy indicated by a lot of experts on Saturday.
“Inviting 100 per cent equity of foreign direct investment insurance, but not cutting the GST tax on insurance, does it have a connection between the two? In this government between somebody or the other, an international lobby?” he questioned.
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