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JobCreation

PM Modi Claims BJP Govt Generated 1.5 Times More Jobs Than Predecessor

News on government 2 ArdorComm Media Group PM Modi Claims BJP Govt Generated 1.5 Times More Jobs Than Predecessor

Prime Minister Narendra Modi asserted that his government has created 1.5 times more employment opportunities in its tenure compared to the preceding administration’s 10 years. Speaking at a Rozgar Mela program where over one lakh youngsters received recruitment letters for government jobs via video conference, Modi criticized the former government for prolonged recruitment processes, which he argued fostered corruption. Modi highlighted his government’s commitment to transparency and expeditious recruitment procedures, aiming to provide equal opportunities for all based on merit and hard work. He emphasized the belief among young Indians that they can secure positions within the government system through talent and dedication. The prime minister pointed to initiatives such as the rooftop solar power scheme for one crore homes and substantial investments in infrastructure as significant contributors to job creation. India’s burgeoning startup ecosystem, with over 1.25 lakh startups, was also lauded by Modi for generating employment across the country, even in smaller cities. Additionally, Modi outlined government support for startups, including tax rebates and a Rs 1 lakh crore fund for research and innovation, aiming to further stimulate job growth. Critiquing previous administrations for neglecting the railway sector and failing to meet public expectations, Modi underscored ongoing transformations in the industry. He inaugurated the phase I foundation stone of the integrated complex “Karmayogi Bhavan,” aimed at fostering collaboration and synergy among various components of ‘Mission Karmayogi.’ The newly recruited individuals will join various ministries and departments, marking a step forward in the government’s efforts to address unemployment and promote inclusive growth.  

India Unveils Multi-Pronged Initiatives to Boost Economic Growth and Skill Development

News on HR 2 ArdorComm Media Group India Unveils Multi-Pronged Initiatives to Boost Economic Growth and Skill Development

In a concerted effort to stimulate economic growth and empower the workforce, India has implemented a series of initiatives, including Mudra loans for micro and small businesses, and Production Linked Incentive (PLI) schemes amounting to a substantial Rs 1.97 lakh crore. These endeavors aim to attract global manufacturers, fostering a conducive environment for economic expansion and generating an anticipated 60 lakh new jobs, according to a recent government statement. The Mudra loan initiative, dedicated to micro and small businesses, is geared towards providing financial support to entrepreneurs and bolstering the foundations of grassroots enterprises. This initiative aligns with the government’s commitment to nurturing a vibrant and inclusive entrepreneurial ecosystem. Simultaneously, the PLI schemes, with their significant financial commitment, are designed to attract international manufacturers, promoting foreign direct investment and bolstering domestic manufacturing capabilities. The infusion of funds into these schemes is anticipated to catalyze innovation and technological advancement in key sectors, propelling India onto the global economic stage. Moreover, the government’s focus on skill development is underscored by initiatives such as the Prime Minister Kaushal Vikas Yojana (PMKVY), a flagship program under the Skill India Mission. This program aims to provide skill-based training to the youth across the nation, with a specific emphasis on those hailing from rural areas. The training encompasses Short Term Training (STT) courses and Recognition of Prior Learning (RPL), effectively equipping individuals with the skills necessary for gainful employment. According to the Minister of State for Labour and Employment, these initiatives collectively contribute to the overarching goal of fostering a skilled and adaptable workforce. The multifaceted approach seeks to address both economic and social dimensions, ensuring that the benefits of development are widespread and inclusive.