41 lakh new jobs created in 8months: CSO

Central Statistics Office (CSO) released the employment-related statistics in the formal sector for eight months beginning from September 2017. The year witnessed new payrolls of over 6.8 Lakhs were recorded by Employees’ Provident Fund Organisation (EPFO). The estimated total number of new National Pension Scheme subscribers during the same period is over 5 lakhs.

Delhi accepted full statehood proposal

Delhi Vidhan Sabha accepted the resolution on full statehood to the city. Delhi CM Arvind Kejriwal said that the capital has been deprived of its basic rights unlike other states, which has affected the development of the city. Kejriwal promised that if Delhi gets statehood then every family will get one home, people will have jobs.

Women SHGs to be trained in making LED lights

Uttarakhand CM Trivendra Singh Rawat launched a programme for women self-help groups at Thano. The 5-day programme named LED Gram Light Training programme will train 50 women from 10 SHGS in making LED bulbs, tubelights and chandeliers and help them stand on their own feet. It will boost the sale of local products and will also help in stoping sale of Chinese items of home decor.

India’s 1st Aviation Multi Skill Dev. Centre

Union Minister of Civil Aviation P Ashok Gajapathi Raju inaugurated the country‘s first Aviation Multi Skill Development Centre at Chandigarh Airport‘s old terminal. The centre, which is a CSR initiative of Airports Authority of India (AAI), will initially train 2,360 students free of cost in three years. It will train about 2,400 youths in eight aviation job roles over the next three years.

India should create more salaried jobs

The World Bank has said that India needs to create more regular, salaried jobs with growing earnings.It should not focus on self-employment to become a middle-income country by 2047. It said that salaried jobs are a “rare privilege” in India today where less than 20% of workers are in salaried employment. India is currently classified as a lower middle-income country.

Bangladesh gets new Chief Justice

Bangladesh has appointed Syed Mahmud Hossain as the new Chief Justice.This comes as the predecessor & Bangladesh’s 1st Hindu chief justice was virtually forced to resign amid grave graft allegations. Hossain is the 22nd chief justice of Bangladesh.

Acid attack victims to get quota

People with autism, mental illnesses, intellectual disability & victims of acid attacks will now get quota in central govt jobs.In case of direct recruitment, 4% of total number of vacancies in groups A, B & C shall be reserved for people with benchmark disabilities. This comes after the passage of Rights of Persons with Disabilities Act, 2016 & notification of relevant rules in this regard

‘one district, one product’ scheme in UP

The Uttar Pradesh Cabinet has approved ‘one district, one product’ scheme to promote products indigenous to every district.Implementation of the One District, One Product will boost economic development of the state, and also help in generation of five lakh new jobs annually. Under this, one product indigenous to every district would be showcased at the three-day UP Diwas event.

Govt lowers additional borrowings

The government has lowered the additional borrowing requirement for the current fiscal to Rs 20,000 crore from Rs 50,000 crore estimated earlier.The government reassessed the additional borrowing requirements after taking note of revenue receipts and expenditure pattern. The reduced borrowing would help contain fiscal deficit within the target.

Inflation accelerates to 17-month high

India’s retail inflation has reached a 17-month high with a little respite to be seen in the coming months amid a surge in oil prices.Consumer prices rose 5.21 percent in December from a year earlier, the Statistics Ministry said in a statement. The rise in inflation is unlikely to translate into higher wages, given subdued demand for jobs.