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Indian industry not investing in job-intensive sectors: Panagariya
New Delhi, Aug 25 (IANS) Debunking the notion that rigid labour laws are holding back industrial growth in India, the Niti Aayog has said the real reason behind low job creation is the industry’s inability to invest in labour intensive sectors.
“The major impediment in job creation is that our entrepreneurs simply do not invest in labour intensive activities,” Niti Aayog Vice Chairman Arvind Panagariya said at the release here late Thursday of the Aayog’s “Three Year Action Agenda 2017-20”.
“Labour intensive sectors are a no-go for investments,” said Panagariya, who is due to demit office on August 31 to return to his teaching position in the US.
He cited the example of Gujarat with its “most progressive labour laws”, which, however, had witnessed no appreciable change in this area.
Union Labour Secretary M. Sathiyavathy, who was also at the event, asked corporate leaders present on the occasion what other liberalisation in labour laws the Indian industry wanted to invest in job intensive sectors.
“Where labour is a concurrent subject, and states are progressively liberalising labour laws, we cannot understand what more industry is seeking from the Centre in the way of relaxing on labour regulations,” she said.
The three-year action agenda proposed substantial expansion in public spending on education, health, agriculture, rural development, defence, railways and roads by 2019-20.
“The action agenda proposes linking central government expenditures to future priorities. It suggests shifting the composition of expenditures by allocating a larger proportion of additional revenues that become available over time to high-priority sectors,” the government think-tank document said.
The 12th Plan period ended in 2016-17, while the erstwhile Planning Commission was replaced by the Niti Aayog in 2015.
The NITI Aayog document said India had good prospects of reaching the 8 per cent growth target in 2-3 years.
“There are good prospects that we will return to 8 per cent plus growth trajectory in another two to three years, if not sooner,” it said.
Releasing the report, Finance Minister Arun Jaitley said the Action Agenda “has the potential to be a good text book for those in governance”.
–IANS
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Lucknow: Vishal Singh, a renowned social worker from Lucknow, also known as Foodman, has once again made India proud. He was honored by the Happy Hands Gloves Cooperative Limited Company in Korathai, Thailand, for his work with the Hunger Free World Mission.
The Hunger Free World Mission’s meeting was held in Korathai, Thailand, under Vishal Singh’s leadership. Representatives from several countries, including Mr. Raja Dwivedi (Managing Director of Happy Hands Gloves Limited), Thailand Coordinator Mr. Raja Mishra, and member Mr. Varun Singh, attended the event.
Under Vishal Singh’s leadership, the attendees took a pledge to work together toward creating a hunger-free world.
Speaking on the occasion, Vishal Singh explained that the main goal of the Hunger Free World Mission is social participation. He said the mission is not just about feeding people but also about meeting other basic needs of those who are struggling. The mission focuses on helping families of terminally ill patients in hospitals by providing food and shelter. It also works to fulfill essential needs like education, jobs, and care for the elderly.
For the last 16 years, the Vijay Sri Foundation has been providing free services, benefiting thousands of people. Vishal Singh highlighted that the mission aims to gain global recognition like other organizations such as WHO, WWF, and Red Cross, which work for social causes.
During this meeting, Vishal Singh was appointed as the Chairman of the Hunger Free World Mission by representatives from various countries. They also discussed holding regular meetings in different countries to push the mission forward.
Business tycoon Dr. Abhishek Verma has also supported this humanitarian mission, vowing to promote the idea of “Seva Parmo Dharma” (Service is the highest duty) worldwide. Vishal Singh praised him, stating that people like Dr .Abhishek Verma inspire others to work for the betterment of society.
Recently, Romania’s Ambassador, Mr . Daniela Sezonov Ţane, invited Vishal Singh to the Romanian Embassy in Delhi, where they discussed the mission in detail. Impressed by his humanitarian work, she honored Vishal Singh and invited him to Romania to take the mission forward .
Food man Vishal Singh has been serving the people of India for the past 16 years. Through the Vijay Sri Foundation, he provides free meals to cancer patients & their families ,shelter, and education for women & children along with running free old-age homes in Lucknow.
In addition to his humanitarian work, Vishal Singh also addresses issues like crime and corruption through his role as Chairman of Seva Path Media and Managing Director of Vijay Sri Foundation.
During the COVID-19 pandemic, Vishal Singh and his team worked tirelessly to provide food and help to the needy, including starving children, elderly citizens, and pregnant women. Despite contracting the virus himself, he continued to assist others after his recovery. He even created a life-saving oxygen regulator using household items, which was praised by doctors both in India and abroad.
In his address at the meeting, Vishal Singh spoke about his mission to create a hunger-free world. He pointed out that India’s large population, along with issues like unemployment and poverty, has caused the country to fall on the Hunger Index. He urged people to contribute just one handful of grains daily to help create a hunger-free world.
He concluded by saying that through social participation, we can empower the people around us, meet their basic needs, and work together to build a stronger, more prosperous, and developed society.
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