'Agnipath' scheme: Govt unveils radical changes in recruitment of soldiers

 

India on Tuesday revealed a "extraordinary" conspire called "Agnipath" for the enrollment of warriors into the Army, the Navy and the Air Force generally on a momentary legally binding premise with a mean to cut the swelling compensation and benefits charges and empower an energetic profile of the military.

Protection Minister Rajnath Singh gave subtleties of the new drive at a media preparation soon after the Prime Minister-drove Cabinet Committee on Security supported the plan which the public authority said would permit "energetic and roused" youth to serve in the military for a time of four years.

"Under the 'Agnipath' plot, Indian youth will be given a chance to serve in the military as 'Agniveer'. This plan has been brought to fortify the security of the country. It is an extraordinary plan," Singh said in presence of the three help bosses.

He said the implantation of trained, propelled and gifted 'Agniveers' back into society after military help, would be an extraordinary resource for the country as it will be a "shared benefit recommendation".

Depicting it a significant guard strategy change to introduce "another time" in the human asset strategy of the three administrations, the safeguard service said the plan comes into prompt impact and will oversee the enrolment for the three administrations, suggesting that current structure of work for fighters will fail to exist....CONTINUE READING

Most unemployment surveys are skewed, PM Narendra Modi tells House

Economy & Policy:

In what is likely to be his last speech in the Lok Sabha’s current term, Prime Minister Narendra Modi on Thursday responded to the recent criticism his government has faced for its purported failure to create jobs.

In his reply to the motion of thanks to the President’s address, Modi contrasted 55 years of “self-serving” Congress rule at the Centre versus the achievements of his government’s 55 months in the “service of the people”. Alluding to the grand alliance of the Opposition parties,
Modi said the people of the country did not want a mahamilawat (greatly adulterated) government.
The PM, referring to Congress leader Mallikarjun Kharge’s speech, said for many BC stood for ‘before Congress’ and AD for ‘after dynasty’. He said his efforts at a ‘Congress-mukt Bharat’ were an offering to Mahatma Gandhi in his 150th birth anniversary year — a reference to Gandhi’s wish that the Congress should be disbanded since it had achieved its goal of attaining independence from the British.

Modi said his government had provided a clean government and expressed confidence that the people of the country would again repose their faith in his leadership.


 Earlier, Kharge cited reports of a National Sample Survey Organisation (NSSO) survey (which the government later termed a draft report) that said the unemployment rate was 6.1 per cent in 2017-18, the highest in 45 years, to attack the government. Modi termed most surveys that try to capture unemployment rate as skewed since these did not cover the unorganised sector, which accounts for 85-90 per cent of jobs.

Ford investing $1 billion, adding 500 jobs in Chicago factories

Companies News:

Ford Motor Co said it is investing more than $1 billion in its Chicago operations and adding 500 jobs as it prepares to launch three new SUVs this year and end production of the Taurus.
Ford said it is building a new body shop and paint shop at its Chicago Assembly plant, and making major modifications to the final assembly area. At Chicago Stamping, Ford is adding stamping lines, the company added.

The investment comes as Americans continue to shift away from cars in favour of SUVs, pickup trucks and other larger vehicles. Last year, US industry car sales fell 13 percent, while light trucks rose 8 percent to 10.9 million, accounting for about 63 percent of vehicle sales.
Ford announced last year it was largely exiting the sedan market in the United States with the exception of the Ford Mustang. The company's US car sales fell 18 percent last year, while SUV sales rose 0.5 percent.

The Chicago assembly plant will stop building the Ford Taurus at this end of this month as it boosts SUV production. Ford said last year it was ending North American production of cars like the Focus, Fusion, Fiesta and C-Max.

The full-size Taurus, when introduced in 1985, was credited with reviving profits at Ford. It redefined US car design with its jelly bean shape and was the top-selling model in the United States five times between 1992 and 1997. US Taurus sales, which peaked at 409,000 in 1992, fell to 28,706 last year.

 The Dearborn, Michigan, automaker is eager to highlight that it is building more vehicles than its rivals do in the United States. Ford built nearly 2.4 million vehicles in the United States in 2018.

Challenge is to create more organised jobs: Tata Sons chief Chandrasekaran

Companies News:

India faces the challenge of creating formal jobs and migrating people from the informal to the formal sector, said N Chandrasekaran, chairman, Tata Sons.

He pointed out that creating jobs in the formal sector is a bigger problem than lack of jobs.
The problem, he added, arises from the lack of access to services, including healthcare, education and financial services. Therefore, if the accessibility part is addressed effectively by going digital, it will lead to more jobs.

Chairman of the $103 billion conglomerate, the largest employer in the private sector, he was addressing delegates from technology start-ups and the information technology sector at Mumbai’s TiECON, an annual flagship event.

With the theme “unexplored,” the two-day conference is expected to be attended by over 2,000 delegates, including over 500 investors as well as more than 750 high potential start-ups. “It’s not so much about lack of jobs. We have jobs. The challenge is of creating formal jobs and migrating people from informal to formal, getting them jobs that offers decent pay. That’s the fundamental problem and requires lot more thinking,” said Chandrasekaran.


 His comments come amid recent reports of the unemployment rate in India rising to a 45-year high of 6.1 per cent in 2017-18...Read More