You are here: Home » Economy & Policy » News
Business Standard

Modi forms 2 committees on investment and unemployment, will head them

It is perhaps for the first time that the Cabinet committees on the two issues have been set up

Press Trust of India  |  New Delhi 

Prime Minister Narendra Modi being greeted by the NDA leaders as he arrives for the swearing-in ceremony at the forecourt of Rashtrapati Bhawan in New Delhi | Photo: PTI
Prime Minister Narendra Modi being greeted by the NDA leaders as he arrives for the swearing-in ceremony at the forecourt of Rashtrapati Bhawan in New Delhi | Photo: PTI

In a bid to spur investment and create new employment opportunities, Prime Minister Modi Wednesday set up two Cabinet committees to deal with the two crucial issues.

It is perhaps for the first time that the Cabinet committees on the two issues have been set up.

A formal notification by the would be issued by Thursday.

Government sources said both the panels, respectively on Investment and Growth and on Employment and Skill Development, will be headed by the prime minister.

The Cabinet Committee on Investment and Growth will have Union Home Minister Amit Shah, Finance Minister Nirmala Sithataman, Road Transport and Highways Minister and Railways and Commerce Minister as its members.

The Cabinet Committee on Employment and Skill Development will include, besides Shah, Sithataman and Goyal, Singh Tomar, Ramesh Pokhriyal 'Nishank', Petroleum Minister Dharmendra Pradhan, Minister of Skill Development M N Pandey, Labour Minister and Housing and Urban Development Minister Hardip Puri.

Sources said there is a provision in Transaction of Business Rules to form Cabinet panels on various issues but the prime minister had not set up any such panel during his previous term.

During the electioneering of the last Lok Sabha polls, the Opposition has fiercely targeted the Modi government, accusing it of having failed in keeping up its purported promise of creating two crore jobs per year.

The opposition had also targeted the government, claiming slow down of economy.

The opposition has frequently targeted the government on the issue of unemployment.

The data released by the Union Labour Ministry in May showed 7.8 per cent of all employable urban youth being jobless, while the percentage for the rural was 5.3%

The unemployment rate in 2017-18 was 6.1 per cent, corroborating the pre-election leaked report that had claimed joblessness at a 45-year high.

First Published: Wed, June 05 2019. 21:50 IST
RECOMMENDED FOR YOU