National News Headline-2 of Monday 28th August 2017

National News Headline-2 of Monday 28th August 2017

  • Niti Aayog says India is not facing problem of unemployment but a “severe under-employment”  Niti Aayog in a statement on Sunday said India is not facing unemployment but a severe under-employment. Over more than three decades a committee under National Sample Survey Office (NSSO) i.e.Employment Unemployment Surveys (EUS) has consistently reported low and stable rates of unemployment in India. In it’s the Three-Year Action Agenda for 2017-18 to 2019-20, Niti Aayog said unemployment India is the lesser problems. The more serious problem is severe under-employment. Niti Aayog also said “The ‘Make in India’ campaign should have to succeed by manufacturing for global markets to create high-productivity, high-wage jobs.” Giving an example of China the Aayog said, “With its large workforce and competitive wages, India would be a natural home for large international manufacturing firms.” The Aayog in its ‘Three Year Action Agenda’ recommended for the creation of Coastal Employment Zones (CEZ). Coastal Employment Zones will attract multinational companies in labour-intensive markets. “Unless we bring about substantive change either by amending the existing laws or rewriting them afresh, we cannot expect to change the current situation where low-productivity and low-wage jobs dominate the landscape” it observed.
  • Central Government may hike the cess rate on cars in GST regime- According to a report The Central Government may hike the cess rate on cars in GST regime. Cabinet is thinking to increase the cess on mid-size, large cars and SUVs. It is considering to issue an ordinance regarding this. At present 15% cess is applicable on said car segments. Cabinet want to take it upto 25% from 15%. luxury Cars falls under the 28% GST slab plus up to 15% cess on it. An official said “Raising the cess requires an amendment to the Schedule of section 8 of the GST (Compensation to a State) Act 2017. The Cabinet may consider to amend it through issuing an ordinance in next few days.” The official also added that before incressing the cess views of different ministries likely to be asked. Different ministries may be road, transport, highways and heavy industries.
  • A huge crowd gathered for RJD’s BJP bhagao, Desh bachao (anti-BJP) rally in Patna- A huge crowd gathered at the Bihar capital’s historic Gandhi Maidan. When RJD head Lalu Prasad leading the Rashtriya Janata Dal’s (RJD) “BJP bhagao, Desh bachao” rally. RJD supporters including large number of women have come from all parts of the states to attend the really.The RJD supporters were in anger and expressed their indignation against the Janata Dal United (JDU) President Nitish Kumar. Rashtriya Janata Dal (RJD) supporters are unhappy with Bihar Chief Minister Nitish Kumar for betraying the grand alliance. Leaders of more than 21 political parties are participated in the anti-BJP rally. Samrendra Yadav said “Nitish Kumar used Lalu ji in election.” Meanwhile RJD chief Lalu Prasad said “From this rally, I’ll appeal to the people of the State to take a pledge to chase out BJP and Nitish Kumar in the upcoming 2019 Parliamentary poll”. “this rally would be unprecedented and historic”, he added.
  • Petrol price up by Rs 6/litre and diesel up by Rs 3.67/litre in last two months– In last two months petrol and diesel prices are up by Rs 6/litre and Rs 3.67/litre respectively. According to a statistics now prices are at its highest rate in past three years. As rates were revised in small values daily since july. In Delhi petrol costs Rs 69.04 per litre and Diesel costs Rs 57.03 per litre. Current Petrol price in Delhi is the second highest since of August 2014 when it was priced at Rs. 70.33. In June oil companies dumped the 15-year old practice of revising rates on 1st and 16th of every month. From 1st July oil prices were revised on daily basis. A senior oil company executive said “Previously, everybody felt the pinch when rates were hiked by Rs 2 or 3 per litre in one go. Now prices are being increased by 1 to 15 paise a litre every day, hikes that have largely gone unnoticed.”

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