Insightful Mohit ji. There are ongoing internship/apprenticeship schemes NAPS/NATS where govt. Compensates companies for first time hires. But they don't generate additional employment, just the replacement of an existing vacancy.
Also does anyone have any idea how to generate employment? From economists to politicians no one seems to have any clue.
Superb piece Mohit. Exposes the hollow claims and ill-thought schemes of the government. And this tendency to tax households is really scary. And that Internship scheme for pushing top 500 companies to absorb Interns with so knee-jerkish as you correctly point out.
It takes 10 minutes to work out those apprenticeship numbers - and we have an army of econ chieftains - Economic Advisers, PM's advisory council, Niti Ayog, Ministry of Industry, Ministry of Labour, Ministry of Education. Not one of them gave it those 10 minutes.
Newspapers reported Finance Minister Sitharaman saying that the idea for the internship initiative came from PM Modi and was dear to him. Was there no discussion, let alone pushback, that happened? This is an example of how disproportionately the leader's personality and preferences influence outcome
True that. Reminds me of what Amit Varma called him recently: an aankhon dekhi PM. Explains his impetus toward tangible things like infra that he can see and feel; also explains the glaring gaps in policy matters that he cannot see the unintended consequences of--like demonetization.
Mohit Sir , this hullabaloo about LCTG etc is also overblown . Read a post from a fund manager on LinkedIn that past data suggests that out of the whole country around 7-10 lakh filed any of LTCG or STCG in the previous financial year . It have still not been able to make sense of this though because the country has upwards of 7 crore demat accounts and to think <1% of them report profit seems too low a percentage .
Insightful Mohit ji. There are ongoing internship/apprenticeship schemes NAPS/NATS where govt. Compensates companies for first time hires. But they don't generate additional employment, just the replacement of an existing vacancy.
Also does anyone have any idea how to generate employment? From economists to politicians no one seems to have any clue.
Superb piece Mohit. Exposes the hollow claims and ill-thought schemes of the government. And this tendency to tax households is really scary. And that Internship scheme for pushing top 500 companies to absorb Interns with so knee-jerkish as you correctly point out.
It takes 10 minutes to work out those apprenticeship numbers - and we have an army of econ chieftains - Economic Advisers, PM's advisory council, Niti Ayog, Ministry of Industry, Ministry of Labour, Ministry of Education. Not one of them gave it those 10 minutes.
Viksit Bharat, my left digit.
Newspapers reported Finance Minister Sitharaman saying that the idea for the internship initiative came from PM Modi and was dear to him. Was there no discussion, let alone pushback, that happened? This is an example of how disproportionately the leader's personality and preferences influence outcome
Did he discuss demonetisation with anyone?
True that. Reminds me of what Amit Varma called him recently: an aankhon dekhi PM. Explains his impetus toward tangible things like infra that he can see and feel; also explains the glaring gaps in policy matters that he cannot see the unintended consequences of--like demonetization.
lol , Aankho Dekhi PM . That’s quite fitting . 😀
Mohit Sir , this hullabaloo about LCTG etc is also overblown . Read a post from a fund manager on LinkedIn that past data suggests that out of the whole country around 7-10 lakh filed any of LTCG or STCG in the previous financial year . It have still not been able to make sense of this though because the country has upwards of 7 crore demat accounts and to think <1% of them report profit seems too low a percentage .