The stock market and many economists have described Nirmala Sitharaman's budget as encouraging in the era of the Covid epidemic.
The government has opened its fund for all major sectors of the economy and has emphasized on increasing investment. Providing job opportunities for the Narendra Modi government has emerged as the biggest challenge.
According to the Center for Monitoring Indian Economy (CMIE), the unemployment rate in the country was nine percent in December.
Due to the lockdown caused by the Corona infection, the salaries of millions of people have been cut, jobs have gone. The government has not officially given any data about how many people have lost their jobs during this period.
However, with the current budget, many experts are assuming that the opportunities for jobs in the country are increasing. According to this, money has been arranged for all the areas in the budget, if implemented properly, then the results will be as expected.
Many provisions
Sugata Bhattacharya, chief economist at Axis Bank, told the BBC, "In this budget, several provisions have been made for the creation of jobs. Scope has been extended for Productive Linked Incentives to increase domestic production in 13 sectors. Also, the global supply chain Has been integrated. Besides, steps have been taken to increase investment in sectors like textiles, fisheries. "
According to Bhattacharya, "The provisions raised to provide houses at affordable rates will increase employment in the construction sector. In addition to this, there can be a lot of jobs in logistics. But to increase private investment and create jobs, It will be important to implement the provisions effectively. "
Kavita Chacko, senior economist at CARE Ratings, said, "The most important thing is to complete these projects effectively on time. From the land acquisition to the tender process, management of finance, and clearance from everywhere, amidst the uncertainty of the Corona epidemic, All of this can block. "
Dr. Ashutosh Raghuvanshi, Managing Director and CEO of Fortis Healthcare believes that there will be better opportunities available for professionals in the health sector as well.
He said, "The announcement of the formation of the Commission for Allied Healthcare Professionals will improve the quality of health care professionals across the country. Human resources are expected to increase in our industry."
According to Lohit Bhatia, President of the Indian Staffing Federation, the policies announced in the budget will increase jobs in the economy.
Social security to workers
It has been said that the implementation of four labor codes in the budget. This will benefit social security provision to the people working in firms like Uber, Swiggy, Dunjo.
Apart from this, minimum wages will also be fixed for full-time employees. The government is working towards providing adequate information about the workers working in all the unorganized sectors, including the construction sector, and providing them the benefits of government schemes related to health, housing, skills, insurance, and nutrition.
One country and one ration card will also help. Lohit Bhatia said, "Provisions like organized sector employees have been announced to provide social security to the workers in the unorganized sector. This will improve their working facilities."
Rituparna Chakraborty, co-founder and executive vice-president of TeamLease Services, said, "Women are the biggest beneficiaries of this year's budget. Women have been allowed to work in night shifts with all categories and adequate security." This will increase opportunities for women. Increasing investment in efficiency, training, and higher education will improve our human capital index and productivity. "
However, Rituparna Chakraborty says that the government has not done anything special for working professionals on a personal level.
He told, "To justify the mission of minimum government, maximum governance, the government needed to improve its business conditions. To start any business venture, it would require registration from 27 or more places. It is, instead of this, the government could have given a roadmap for starting a unique enterprise number. Besides, working professionals should provide an option to the government regarding their PF contribution. "
According to Sujan Hazra, Chief Economist of Anand Rathi Securities, the government will face a challenge in meeting the disinvestment target.
He told, "If they do not overcome this challenge, then the chase will not be lost and even jobs will not be created from the unfortunate ventures.
However, it is not easy to overcome this challenge because the employees working in these ventures will oppose disinvestment and the market situation is also not very good. "
Bully bai app case: BTech student turns out to be the main accused, Delhi Police arrested from Assam
Delhi Police has got a big success in the Bully Bai app case. The IFSC team of Delhi Police Special Cell has caught the main accused. The main accused has been arrested by the IFSC team from Assam.
BJP will support caste census in Bihar, CM Nitish has called an all-party meeting on June 1
The BJP has made its position clear before the all-party meeting regarding the caste census in Bihar. The BJP on Wednesday made it clear that it would support the caste census in Bihar. CM Nitish
Yashwant Sinha: Sinha will start the political innings again after losing the election? gave this answer myself
Presidential candidate and former Union Minister Yashwant Sinha lost the presidential election from the opposition side. He had resigned from the Trinamool Congress before contesting the elections.
Was China's strictness in Corona just a show off: 5 claims, which were praised by the world... Investigate them to find the reason for their plight today
Due to the new wave of Corona in China, patients are increasing rapidly in hospitals. The troublesome thing is that the medical staff is also getting infected. According to media reports, many
IND vs SA T20I series: Because of the World Cup, Indian players will have a real test against South Africa
India will try to test new and old players in the five-match T20I series against a strong South African team starting on Thursday to prepare their squad for the T20 World Cup to be held in Australia
During Congress' Bharat Jodo Yatra, instead of the national anthem, another song started playing, and people started looking at each other
During the Bharat Jodo Yatra of the Congress, a strange situation arose on Wednesday night when a different song started playing instead of the national anthem. The incident took place after Rahul
Green Corridor for Moderna and Pfizer: Center said – If the vaccine is approved by big countries and WHO, then we are ready to accept the conditions of the companies
The central government has agreed to accept their conditions to make Moderna and Pfizer's corona vaccine available in the country at the earliest. The Drug Controller General of India (DGCI) has said
Delhi NCR Weather: The weather pattern changed again in Delhi NCR, drizzling started
The weather patterns have changed once again in Delhi NCR. A drizzle has started in many areas of Delhi NCR. After this the weather became pleasant and people got relief from the heat. Let us inform
First T20 from Sri Lanka today: Team India can land with new opening combination, Shubman Gill can debut
Team India will play the first match of the year 2023 against Sri Lanka today. The first match of the three-match T20 series will be played at the Wankhede Stadium in Mumbai from 7:00 pm. The team is
Inflation hit: Petrol is available in New York at around half the cost of Mumbai, know how much is the price
Petrol prices have put people at ease. The higher the use of petrol and diesel in the country, the higher the cost. Even if it is ever cheaper, it does not affect our pocket much. Oil prices rose 16
