Good Governance 🇮🇳 Profile picture
Apr 10, 2018 8 tweets 2 min read Twitter logo Read on Twitter
#Jobs #Facts
🔹In January 2018 a Nasscom report documented creation of jobs in four core sectors: automotive, IT-BPM, retail & textiles.
🔹Between 2014 & 2017 a total of 1.4 crore new jobs created in these 4 sectors alone,with nearly 65 lakh new jobs in just the retail sector.
🔹KPMG: travel & tourism sector is growing at 16% pa and adding 30-40 lakh new jobs every year.
🔹Naukri Job Speak Index, which tracks overall job listing market, is registering 10-16% growth YOY every month validating strong job creation in the organised private sector.
🔹The public sector too has matched the private sector in job creation fuelled by the massive impetus to infrastructure creation.
🔹Between 2011-14, 12,005 km of roads constructed; in 2014-17, the number up by 50% to 18,702 km.
🔹From an average of 345 km of new railway lines being laid between 2009-14, the average between 2014-18 almost doubled to 633 km.
🔹Between 2011-14, only 358 km of broadband lines were laid; From 2014 to 2017 this increased to 2.3 lakh km
🔹The number of active airports has gone up from 75 to almost 100, and the pace of airport construction has dramatically increased.\
🔹With this massive build-out underway, it is self-evident that job creation in the infrastructure sector must have at least doubled.
🔹To date 11.5 cr people have received collateral-free loans under MUDRA of which more than 8 cr are women beneficiaries.
🔹Every new entrepreneur is likely to have created employment also for at least one or two more people.
🔹Modi govt has focussed not just on quantity but also on quality of jobs.
🔹DeMo & GST formalised jobs so that workers are now paid through their bank accounts & get PF & other benefits.Ghosh & Ghosh analysis of EPFO data suggests 70L new formal jobs created every year.
India lacks consistent, accurate, high-frequency data on job creation. Definitive data will only be available in September when Niti Aayog’s quarterly household employment survey will be out. Till then,assemble accurate jobs data from various sources
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More from @sri9011

May 23, 2018
Pradhan Mantri Mudra Yojana: Finance ministry ties up with e-commerce firms to give loans…
Wi-Fi adds wing to BharatNet, data usage jumps 190 % in villages…
Over 5 lakh employers together would save around Rs 900 crore annually following EPFO's decision to cut administrative charges, with effect from June 1, 2018.…
Another incentive for formalisation of employment
Read 36 tweets
May 9, 2018
How RERA change the real estate landscape…
RERA has been a potent instrument in addressing some of the pertinent issues afflicting the sector. Amongst them, the impact is most visible in terms of completion/deliveries of projects
Pradhan Mantri Mudra Yojana: Finance ministry ties up with e-commerce firms to give loans…
Wi-Fi adds wing to BharatNet, data usage jumps 190 % in villages…
Read 7 tweets
Apr 14, 2018
Do you recall the name of the Sports Minister in Manmohan Singh Govt?
Jee haan. It was #MSGill
🔹He knew zilch regarding sports
🔹He could not recognise P.Gopichand and asked his officers "Who is he?Why is he here?Ask him to go away"
🔹When any talented athlete approached him +
+ him for help, MS Gill used to say "You must get educated and build a proper career. Sports is just a pastime".
How that old moron killed aspirations of youth wanting to excel at sports!!
Moreover he told stunned MPs in the House "Dont ask me questions. File RTI and get answers"
Contrast Manmohan's approach and Modi's approach
🔹Sports Minister is young army man and Olympic silver medallist Rajyavardhan Rathore
🔹Rathore's #KheloIndioa has identified potential Olympic champs
Read 5 tweets
Apr 13, 2018
1. "No significant tax sops have been provided to the middle class."

Totally incorrect
🔹Threshold IT limit raised by 50,000
🔹Sec 80C raised by 50,000
🔹Home loan interest deduction raised by 50,000
🔹Additional 50,000 for NPS
🔹Tax rate of 10% tax slab lowered to 5%
🔹New section 80TTD allowing deduction of interest on bank and postal deposits to senior citizens upto Rs.50K
🔹Section 80D mediclaim limit raised
🔹For self-employed, deduction of house rent u/s 80GG raised from Rs.2000 pm to Rs.5000 pm
🔹Standard deduction of 40K for pensioners
The above tax cuts for the middle class in Budgets of 2014 to 2018 have been substantial. Net net, it can be said that a middle-class income-tax payer is better off by Rs.57,500 (20% tax bracket) and by Rs.77,500(30% tax bracket) than he was under the UPA in FY 2014-15
Read 21 tweets
Apr 9, 2018
#AccheDin for salaried/middle-class
Illustration 1: Self-employed living in rented accomodation
Illustration 2: Self-employed buying own home with home loan
Illustration 3
Read 5 tweets
Apr 5, 2018
🔷135 Km #EasternPeripheralExpressway
🔷India's very first smart & green highway to be completed in record 500 days as against target of 910 days and inaugurated by PM this month. #EPE
🔷With opening of #EasternPeripheralExpressway, the dream of signal-free connectivity between Palwal,Gautam Budh Nagar,Faridabad & Ghaziabad will come true
🔷2 lakh vehicles passing through Delhi will be diverted to this bypass decongesting Delhi & reducing pollution in Delhi.
🔷#EPE has smart and intelligent highway traffic management system and video incident detection system.
🔷 Over Speed Checking System,Weigh-in-Motion,Warning Devices,Pavement Management Systems, Fiber Optic Network and other facilities .
Read 9 tweets

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