FM Sitharaman said the scheme offers incentives linked to the employment of first-time employees, focusing on EPFO contributions for the first four years of employment
Read MoreThe scheme promises one month’s wage to all new formal sector employees, with direct benefit transfers up to Rs 15,000 per employee, distributed in three installments
Read MoreThe skilling-focused initiatives in the Union Budget 2024 come in response to the Economic Survey 2023-24 findings, which estimates that only about 51 per cent of Indian youth are currently employable
Read MoreThe Union budget also incentivises natural farming as it declares to initiate 1 crore farmers into natural farming over the next few years
Read MoreFinance Minister Nirmala Sitharaman presents the Union Budget 2024-25 after the Cabinet gave its approval
Read MoreExpert advises caution in the Indian markets until the Union Budget 2024 announcement is made later today in Parliament by the Finance Minister
Read MoreThe life insurance sector, in particular, is expecting the finance ministry to consider lowering Goods and Services Tax (GST) on insurance products
Read MoreAhead of the Union Budget 2024, the tech industry is urging for increased investment in education and skilling to address the gap noted in the Economic Survey
Read MoreThe House must reflect highest standards of sanctity, propriety and protocol of Parliamentary traditions that will be motivational for legislatures in the largest democracy, the chairman states
Read MoreThe survey highlighted improvements in Indian labour market indicators over the past six years, with the unemployment rate dropping to 3.2 per cent in 2022-23
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