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Showing posts from March, 2012

Pranab, Budget 2012-13 Objectives

The Union Budget 2012-13 presented by the finance minister Pranab Mukerji in Lock Sabha, Identified five objectives to addressed effectively in the ensuring fiscal year. They includes: focus on domestic demand driven growth recovery, create condition for rapid revival of high growth in private investments; Address supply of bottlenecks in agriculture, energy and transport sector particularly in coal power National Highway, Rail ways and civil aviation Intervene decisively to address the problem of malnutrition especially in the 200 high burden districts expedite coordinated implementation of decisions being taken to improve delivery system, government and transparency; and address the problem of back money and corruption in public life the country’s GDP growth in 1012-13 is expected to be 7.6% +/- 0.25 % in 2011-12 the country’s GDP is estimated to grow at 6.9% after having grown at the rate 8.4% in each of the two preceding years. Thought the global crisis had affected In

Unemployment in India ?

India maybe considered a rising power with large number of qualified job aspirants entering the workforce every year. But the hard reality which many do not say in the open is issue of employability of these aspirants. There are thousands of students and professional out of college & professional institutes every year but many of them are really good enough to do the job that’s awaiting them. Instead of IIM and IIT graduate only a small percentage of student coming out of these institutes are really qualified to take up the real challenges of work. Rest are bookish geniuses who have come well with their scores   According to survey conducted by FICCI and Ernst & Young paper, even though over 40 million people are registered in employment exchanges only .2million get job annually. Event Starting is the fact that about 80% of the workforce does not possess identifiable marketable skills Equally sad is the fact that the school drop-out rate in India touched to 56.5 % by