Unemployment rate highest in 45 years, says survey - govt withholds report

We all know that before Ram and Ravan fought in Lanka Ravan sent his sister Shurpanakha,’ said BJP MLA Surendra Singh

We all know that before Ram and Ravan fought in Lanka Ravan sent his sister Shurpanakha,’ said BJP MLA Surendra Singh

If the report is made public, and if it does show that unemployment peaked in the aftermath of the note ban, it will deflate the government's relentless attempt to give the drastic measure a positive spin.

The Congress president's fresh attack on PM Modi follows a news report that claimed that the NSSO survey for 2017-18, the first conducted after demonetization, showed a sharp spike in joblessness in the country.

The unemployment is at high of 6.1% during the 2017-18 post demonetization era and has stirred controversy as the government is sitting over it and fudging other data points as well. "6.5 crore youth were jobless in 2017-'18 alone".

The Opposition has been targeting the Modi government over demonetisation, announced in November 2016, when 86 per cent of the currency was withdrawn in one stroke.

In September 2018, economists from Azim Premji University released a report which said that in 2015, the headline rate of unemployment reached 5%, with youth unemployment at a very high 16%.

The damning revelation comes just a day after a controversy erupted over the central government's refusal to release the report on unemployment despite the National Statistical Commission giving its approval in December a year ago.

Naomi Osaka beats Petra Kvitova to claim 2019 Australian Open women’s final
Osaka has proven over the past 12 months that she is a fast-learner and that trait was put to the test this Australian summer. Though Osaka is a two-time Grand Slam champion, she has only ever reached the third round of Wimbledon and the French Open.

After the chaotic launch of Goods and Services Tax (GST) in July 2017, hundreds of thousands have lost jobs in small businesses.

The government declined to confirm or deny the findings contained in the report.

The row over the NSSO jobs report comes just months before Lok Sabha elections are to be held. The unemployment rate for rural women stood at 13.6 percent, compared to 4.8 percent in 2011-12. With their departure the body is left with just Chief Statistician Pravin Srivastava and plan body NITI Aayog's Amitabh Kant.

Modi came to power in 2014 promising to galvanise the economy and boost employment prospects for the millions of young Indians entering the job market each year.

Two top officials of the National Statistical Commission had resigned on Monday stating that the government withheld the report. 5 years later, his leaked job creation report card reveals a National Disaster.

Earlier this month, the Centre for Monitoring Indian Economy, a leading independent think-tank, said the country lost as many as 11 million jobs previous year.

Recommended News

  • Pelicans Remove Anthony Davis From Team Intro Video, Twitter & Facebook Pages

    Pelicans Remove Anthony Davis From Team Intro Video, Twitter & Facebook Pages

    The NBA called the statement "an intentional effort to undermine the contractual relationship between Davis and the Pelicans". Before Wednesday night's game vs the Nuggets, the Pelicans played a new intro video at the Smoothie King Center.
    The venues for the 2021 Rugby League World Cup

    The venues for the 2021 Rugby League World Cup

    Former sports minister Richard Caborn, who is project lead for the Olympic Legacy Park, paid credit to the team behind the bid. We're delighted to be bringing some of the competition's biggest moments to a city with such a rich sporting history.
    Brain imaging reveals how sleep deprivation makes pain feel worse

    Brain imaging reveals how sleep deprivation makes pain feel worse

    He notes that in short, the study findings suggests that sleep is a natural pain reliever that can help lower pain. The article added that even small changes in sleep correlated with changes in pain sensitivity.
  • Dwayne ‘The Rock’ Johnson Won’t Be in Fast and Furious 9

    Dwayne ‘The Rock’ Johnson Won’t Be in Fast and Furious 9

    Because look, at the end of the day, the truth is, there's unfinished business between Hobbs and Dom. He also teased that it's "the biggest showdown the FAST & FURIOUS franchise has ever seen".

    YouTube Music rolls out to Sonos speakers

    As Google continues to evolve its Play Music service into YouTube Music, a few features are playing catch-up along the way. Music streaming has grown up tremendously since its inception and is now among the best ways to listen to music.
    US Federal Reserve holds interest rates steady, vows 'patience'

    US Federal Reserve holds interest rates steady, vows 'patience'

    The results were better than feared after Apple earlier this month warned of a hit to revenues from a slowing Chinese economy. Elsewhere, the New Zealand dollar added 0.3 percent to $0.6909, its highest level since December 5.
  • Alvaro Morata completes 18-month loan to Atletico Madrid from Chelsea

    Alvaro Morata completes 18-month loan to Atletico Madrid from Chelsea

    But he netted just once more for the rest of 2017-18, as injuries and poor form severely disrupted his impact. The 28-year-old has been on loan with Middlesbrough since August, playing 13 times in all competitions.
    Apple might launch new iPads and iPod Touch soon

    Apple might launch new iPads and iPod Touch soon

    There have been rumors of a newer iPad mini with faster specs for quite some time now, so this doesn't seem much of a stretch. A report last week found running ioS 12 had recently received certification from the Eurasian Economic Commission (EEC).
    Rayudu banned from bowling in global  cricket

    Rayudu banned from bowling in global cricket

    His suspension is in accordance with clause 4.2 of the ICC regulations, which deals with the legality of bowling actions . With Hardik Pandya suspended, he might be tempted to draft Vijay Shankar in the squad purely as a bowling all-rounder.
  • Justin Bieber launched a clothing line, and it’s beige!

    Justin Bieber launched a clothing line, and it’s beige!

    It also features a pair of "cheap ol' regular drew house slippers", which Bieber snapped himself wearing over the holiday period. Bieber officially launched his Drew fashion line after months of anticipation.
    ‘Masked Singer’ Renewed for Season 2 at Fox

    ‘Masked Singer’ Renewed for Season 2 at Fox

    Rob continued: 'We look forward to season two being even more fun, weird and wonderful than the first'. The Masked Singer is unique, bold, original and embraces the DNA of all the best Fox unscripted shows.
    Ben Affleck hangs up cape as ‘The Batman seeks young Bruce Wayne

    Ben Affleck hangs up cape as ‘The Batman seeks young Bruce Wayne

    We're starting to put together our battle plan", he explained, holding true to his statements last summer regarding a 2019 start. I think the smartest idea for them would be to make it like a $30 million movie. "You can't have Batman without a villain.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.