OUR NATION CONSTANTLY offers us opportunities, both as private citizens and businesses, to shape its growth trajectory. We just need an eye to spot them and the commitment to follow through.
One such opportunity that currently beckons us is to find ways of shaping the destiny of our nation through its young demography. At present, India has one of the youngest populations in the world. This makes it our collective responsibility to ensure that this young demography skillfully engages with entrepreneurial and employment opportunities in a world that is becoming increasingly volatile and uncertain.
In this article, we discuss how manufacturers and the youth can collectively leverage and deploy Schemes A and B of the 'Employment-Linked Incentive Schemes' (ELI) outlined in the Union Budget for FY25 towards building a future-ready manufacturing workforce. Scheme A aims to provide one month's wage to first-time employees in all sectors, with a direct benefit transfer of up to ₹15,000 in three installments. Scheme B aims to drive additional employment in the manufacturing sector, providing incentives to both employees and employers with respect to Employees' Provident Fund Organisation (EPFO) contributions in the first four years of employment.
This story is from the December 10, 2024 edition of Financial Express Lucknow.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 10, 2024 edition of Financial Express Lucknow.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
A middle-class meltdown
Economic shift, stagnating real income post Covid weigh on spending on daily items
Shyam Benegal cremated with full state honours
Veteran filmmaker Shyam Benegal, a pioneer of India’s parallel cinema movement, was cremated with full state honors on Tuesday.
Champions Trophy: India to play Pakistan on Feb 23
INDIA WILL PLAY all their matches of the Champions Trophy in Dubai with the marquee clash against arch-rivals Pakistan scheduled on February 23, the International Cricket Council (ICC) announced on Tuesday.
Net gains: Secured Virat, cautious Rohit gear up
INDIA GOT A chance to bat in the nets on fresher pitches on Tuesday, their last day of training as Christmas day is a rest day for them.
Local satellites push draws 30 aspirants
The applicants for INSPACe's latest effort in this regard include startups such as Google-backed Pixxel and Baring Private Equity-backed SatSure, as well as larger entities like Tata Group's Tata Advanced Systems.
₹2-cr fine on Deloitte Haskins for Zee audit
In September 2018, the chairman of ZEEL, who is also the promoter of Essel Group of Companies, issued a letter to Yes Bank, and committed ₹200 crore of fixed deposit (FD) of ZEEL as a guarantee for the loans given by the bank to group company Essel Green Mobility.
Labour-intensive exports: Gains likely to be short-lived
India's textile export growth is likely to be short-lived despite a recent surge, driven by factors such as a volatile rupee and instability in neighboring Bangladesh. While this presents opportunities, long-term gains require competitiveness and product diversification.
Economists for FTAs, land & labour reforms
RCEP was signed by the group of countries in November 2020 except India.
Uniting for greater good
COLLABORATIVE PHILANTHROPY IS not a new idea. History has many examples of communities coming together for the common good.
EAM in US to boost bilateral ties
IN WHAT IS expected to be the first high-level contact between the incoming Trump 2.0 administration and the Indian government in its third term, external affairs Minister S Jaishankar is likely to meet the new Trump team in the US.
