50 lakh jobs lost in last 2 years after note ban: Report

Agencies
April 18, 2019

New Delhi, Apr 18: Unemployment rate in India has doubled in eight years to 2018 as 50 lakh jobs were lost in last two years beginning with demonetisation in November 2016, a new research by a privately run university said.

A report by Azim Premji University researchers led by Amit Basole said with the government not releasing results of the new high-frequency Periodic Labour Force Survey conducted by the National Sample Survey Office, they used data from the Consumer Pyramids Survey of the Centre for Monitoring the Indian Economy to understand the employment situation between 2016 and 2018.

“Unemployment, in general, has risen steadily post-2011. Both the PLFS and the CMIE-CPDX report the overall unemployment rate to be around 6 per cent in 2018, double of what it was in the decade from 2000 to 2011,” the report further said.

A report published by Azim Premji University’s Centre for Sustainable Employment has claimed that since demonetisation in 2016, about 50 lakh men have lost their jobs in the country. It claimed that the “beginning of the decline in jobs” coincided with the note ban exercise but “no direct relationship can be established based only on this”.

Since demonetisation in 2016, about 50 lakh men have lost their jobs, shows new report The report said labour force participation rates were lower among women. The report said the “beginning of the decline in jobs” coincided with the government’s demonetisation exercise in 2016, “although no direct causal relationship can be established based only on these trends”.

The State of Working India 2019 report said that unemployment in the country has risen steadily since 2011. The overall unemployment rate was pegged at around 6% in 2018, double what it was between 2000 and 2011. The report was released on Tuesday in Bengaluru, where the university is located.

The report used data from the Consumer Pyramids Survey of the Centre for Monitoring the Indian Economy or CMIE-CPDX as official data on unemployment from the Periodic Labour Force Survey conducted by the National Sample Survey Organisation have not been released. Findings of the Periodic Labour Force Survey which were leaked in January also recorded the unemployment rate in India at a 45-year-high of 6.1% in 2017-’18.

Researchers from the university used unit-level data from the Consumer Pyramids Survey of the Centre for Monitoring the Indian Economy (CMIE), which covers around 5.22 lakh individuals quarterly, to get an outline of unemployment and what could be done to address it.

The report said unemployment is prevalent among the higher educated and those in the age group of 20 and 24. This age group accounts for 13.5% of the working population of urban men, but 60% of the unemployed.

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News Network
March 17,2024

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Bengaluru: The Vokkaliga heartland of the old Mysuru region consisting of several southern districts will be the testing ground for the recently forged BJP-JD(S) alliance in Karnataka in the Lok Sabha polls.

The ruling Congress will now look to consolidate its gains that it made in the assembly elections in May last year when it made inroads into the strongholds of the regional party headed by former Prime Minister H D Deve Gowda in these districts.

In the 2019 Pariamentary elections, the Congress and JD(S) fought together but secured only one seat each in the state. The BJP bagged 25 out of the total 28 Lok Sabha seats.

The Congress and JD(S) win, in fact, came in the old Mysuru region -- Bangalore Rural and Hassan, respectively, while Mandya seat went to an independent backed by the BJP.

This time, the JD(S) has an alliance with BJP. According to sources, the JD(S) is likely to be alloted Hassan, Mandya and Kolar seats in the region, from where Deve Gowda's party draws its strength from in Karnataka.

The JD(S) is now looking to bounce back after the drubbing it received in the May assembly polls.

The Congress and JD(S) are considered to be traditional rivals in the region, where the BJP has also been improving its vote-share.

The BJP-JD(S) alliance hopes to counter the Congress' surge in the region, determined to consolidate Vokkaliga votes in their favour and banking on the Modi charisma. Both parties also hope to gain from each other with this alliance.

The Congress is hoping to further its prospects and continue its dominance in the region, with the help of its strong local leadership and riding on its five guarantee schemes.

Both Chief Minister Siddaramaiah and Congress state President D K Shivakumar, who is also the Deputy Chief Minister come from this region, and so does JD(S) patriarch Deve Gowda and his son H D Kumaraswamy, a former CM and that party's state President.

According to a political analyst, 'coordination among local leaders and transfer of votes between the parties are going to be key for the BJP-JD(S) alliance to click.' Lack of trust between sizeable workers and leaders of both parties on the ground had proved to be counterproductive for Congress and JD(S) combine in the 2019 Lok Sabha polls, resulting in their rout and helping the BJP.

Both Congress and BJP have announced candidates for some seats in the region for the 2024 polls.

The Congress has re-nominated D K Suresh, brother of Shivakumar, from Bangalore Rural.

Interestingly, the BJP has fielded the scion of the erstwhile Mysuru royal family Yaduveer Krishnadatta Chamaraja Wadiyar from Mysore and noted cardiac surgeon and Deve Gowda's son-in-law, Dr C N Manjunath, from Bangalore Rural.

In Karnataka, the Lok Sabha elections will be held in two phases on April 26 and May 7.

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News Network
March 27,2024

Bengaluru: The National Investigation Agency (NIA) on Wednesday launched simultaneous raids in multiple places, including Bengaluru and Shivamogga.

Reports suggested that the ongoing raids are in connection with the Improvised Explosive Device (IED) blast in Bengaluru’s Rameshwaram Cafe on March 1. The blast had injured at least ten people as per the police report.

The Central Crime Branch (CCB) had launched an investigation alongside the NIA, and the trail of the suspect led them to Tumakuru first and subsequently to Ballari. Investigators believe that the bomb was planted by Mussavir Hussain Shazib, a handler of the Islamic State’s Shivamogga module who was aided by another IS handler called Ahmed Taahaa.

Sources in the know said that Shazib and Taahaa had stayed in Chennai for about a month between January and February using fake credentials. The names of the suspects were identified after they traced the cap worn by Shazib to a shop in a mall in Chennai. The cap, which was abandoned by the bomber in Bengaluru after the blast, was reportedly bought by Taahaa, around January-end.

As per the NIA, Shazib hails from Masjid Road in Thirthahalli, Shivamogga district, and Taahaa from Fish Market Road, Soppu Gude, Thirthahalli Rural. Both "wanted" suspects have been termed "absconders" by the NIA.

The NIA has questioned seven jailed terror suspects so far in connection with the blast. The investigation agency had also obtained seven-day custody of a jailed terror suspect named Maaz Muneer Ahmed.

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News Network
March 22,2024

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Bengaluru, Mar 22: An FIR has been registered against BJP MP Tejasvi Surya over a provocative hate post on social media, Election Commission officials said on Friday.

The move comes after a complaint filed by officials of the poll body and Bruhat Bengaluru Mahanagara Palike (BBMP) that the Bengaluru South MP, who is also the President of Bharatiya Janata Yuva Morcha, had in a post apparently targeted a minority and spread enmity between two communities.

He also made a similar post on March 19 on X and YouTube which went viral. He has 1.3 million followers on X, thereby influencing the voters and disturbing the communal harmony between the communities, it further alleged.

Based on the complaint, an FIR was registered at Halasuru Gate police station on March 20 under sections 153 A (promoting enmity between different groups on grounds of religion, race, place of birth, residence, language, etc., and doing acts prejudicial to maintenance of harmony), 295 A (Deliberate and malicious acts intended to outrage religious feelings of any class by insulting its religion or religious beliefs) of the Indian Penal Code and the Representation of the People Act, the officials said.

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