Budget 2018: 7 announcements related to creation of jobs in Arun Jaitley's speech

In his Budget speech this morning, Finance Minister mentioned the word employment 17 times.

By BusinessToday.in  
Thursday, February 1, 2018

In his Budget speech this morning, Finance Minister mentioned the word employment 17 times. Another oft-repeated word was 'jobs'. But that is completely in line with expectations from Budget 2018 since the government has been receiving a lot of flak for failing to deliver on its electoral promise of creating 10 million jobs a year.

So what's the good news?

 

However, while there is plenty of good news, Jaitley claiming that "Creating job opportunities and facilitating generation of employment has been at the core of our policy-making" might be a bit of a stretch. That's because he stopped short of announcing a National Employment Policy. India's organised sector reportedly created a little over 1,100 jobs a day in 2016-17 and though the rate of job creation was 2% higher than 2015-16, the NEP could have catalysed things further.

 

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