Nitish sets target of one crore jobs over next 5 years
He also declared plans to establish a specialised skill university named after Bharat Ratna Jannayak Karpoori Thakur to strengthen vocational training and self-employment among the youth.
The announcement assumes significance in the context of the upcoming assembly elections later this year.
"In the next five years (2025 to 2030), we are setting a target to double our 2020-25 goal by providing govt jobs and employment to one crore young people," Nitish said in a post on social media platform X. "To achieve this, new job and employment opportunities will be created, particularly in the private and industrial sectors.
A high-level committee is being formed to oversee this initiative," he added.
The CM highlighted his govt's consistent efforts since 2005 to increase employment in Bihar. "Between 2005 and 2020, over eight lakh young people were given govt jobs in the state," he said.
Nitish went on to explain that under the Saat Nishchay-2 programme, launched in 2020, the govt had initially resolved to provide 10 lakh jobs and another 10 lakh employment opportunities.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Đây có thể là thời điểm tốt nhất để giao dịch vàng trong 5 năm qua
IC Markets
Tìm hiểu thêm
Undo
This target was later expanded to 12 lakh govt jobs and 38 lakh employment opportunities by Aug 2025, bringing the total to 50 lakh.
"I am pleased to inform you that so far, 10 lakh young people have been given govt jobs and around 39 lakh have gained employment opportunities in the state. The target of providing over 50 lakh jobs and employment will certainly be achieved," Nitish added.
"In line with this, we are now setting a new target to double the 2020-25 goal, aiming to provide jobs and employment to one crore youth between 2025 and 2030," he said.
Highlighting ongoing efforts in skill development, the CM said, "Currently, under the Saat Nishchay, the state's youth are being provided with skill development training to connect them with self-employment. Over the next five years, this programme will be expanded."
He added, "A skill university will soon be established for skill development training, to be named after Bharat Ratna Jannayak Karpoori Thakur.
This will provide a new direction for the youth of the state."
The JD(U) welcomed the announcements. Party spokesperson Arvind Kumar Nishad said, "The Nitish Kumar-led govt not only makes promises but also implements them at the grassroots level. Through the Jan Nayak Karpoori Thakur Skill University, Bihar will move in a new direction where every hand will have a skill and every youth will have an opportunity."
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
31 minutes ago
- Time of India
Gold steadies after touching one-week low as markets eye Trump-Zelenskiy meeting
Gold held steady on Monday after hitting a one-week low, with attention turning to U.S. President Donald Trump's meeting with Ukrainian President Volodymyr Zelenskiy and European leaders to discuss a peace deal with Russia. FUNDAMENTALS by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Access all TV channels anywhere, anytime Techno Mag Learn More Undo * Spot gold was up 0.1% at $3,340.71 per ounce, as of 0040 GMT, after hitting its lowest level since August 1. * U.S. gold futures for December delivery rose 0.1% to $3,385.70. * European leaders are set to join Zelenskiy on Monday for discussions with Trump. Live Events * Russia would relinquish tiny pockets of occupied Ukraine and Kyiv would cede swathes of its eastern land which Moscow has been unable to capture, under peace proposals discussed by Russia's Vladimir Putin and Trump at their Alaska summit, sources briefed on Moscow's thinking said. * Benchmark 10-year U.S. Treasury yields hovered at near two-week high level, while U.S. dollar index inched lower, making gold less expensive for overseas buyers. * Investors are also looking ahead to the Federal Reserve's annual symposium in Jackson Hole, Wyoming, for insights into interest rate cuts paths. * Last week, consumer and wholesale price data appeared to send mixed signals regarding the economic impact of Trump's import tariffs. * Economists polled by Reuters largely expect the Fed to announce a rate cut in September, its first this year, with a possible second cut by the year-end as concerns mount over the U.S. economy. * Non-yielding bullion, considered a safe-haven assets during periods of uncertainity, tends to perform well in low-interest-rate environment. * Meanwhile, a planned visit by U.S. trade negotiators to New Delhi from August 25-29 has been called off, a source said. * Elsewhere, spot silver rose 0.2% to $38.07 per ounce, platinum gained 0.3% to $1,339.30 and palladium was up 0.8% to $1,121. DATA/EVENTS (GMT) 0430 Japan Tertiary Ind Act NSA June 0900 EU Total Trade Balance SA June.
Time of India
31 minutes ago
- Time of India
Dollar braces for busy week of geopolitics and Fed speak
The dollar dithered on Monday ahead of a key meeting between U.S. President Donald Trump and his Ukrainian counterpart Volodymyr Zelenskiy, while investors also looked ahead to the Federal Reserve 's Jackson Hole symposium for more policy clues. Currency moves were largely subdued in the early Asia session, though the dollar steadied after last week's fall as traders further pared back bets of a jumbo Fed cut next month. Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Access all TV channels anywhere, anytime Techno Mag Learn More Undo by Taboola by Taboola The euro was little changed at $1.1705, while sterling edged up 0.07% to $1.3557. Against a basket of currencies, the dollar advanced slightly to 97.85, after losing 0.4% last week. Markets are now pricing in an 84% chance the Fed would ease rates by a quarter point next month, down from 98% last week, after a raft of data including a jump in U.S. wholesale prices last month and a solid increase in July's retail sales figures dimmed the prospect of an oversized 50-basis-point cut. Live Events "While the data don't all point in the same direction, the U.S. economy looks to be in okay shape in the third quarter," said Bill Adams, chief economist at Comerica Bank. "The Fed is likely to cut interest rates by year-end, either in September, when markets now price in a cut, or a few months later, when Comerica forecasts a cut." The main event for investors on Monday is a meeting between Trump and Zelenskiy, who will be joined by some European leaders, as Washington presses Ukraine to accept a quick peace deal to end Europe's deadliest war in 80 years. Trump is leaning on Zelenskiy to strike an agreement after he met Kremlin chief Vladimir Putin in Alaska and emerged more aligned with Moscow on seeking a peace deal instead of a ceasefire first. Also key for markets this week will be the Kansas City Federal Reserve's August 21-23 Jackson Hole symposium, where Fed Chair Jerome Powell is due to speak on the economic outlook and the central bank's policy framework. "I think (Powell) will also talk about the current economic conditions in the U.S., and that will be more policy relevant, that will be more interesting to markets," said Joseph Capurso, head of international and sustainable economics at Commonwealth Bank of Australia. "Given market pricing is very high for a rate cut in September, I think the risk is that Powell is hawkish, or is perceived to be hawkish, if he gives a balanced view of the U.S. economy." In other currencies, the dollar rose 0.11% against the yen to 147.34, after falling roughly 0.4% last week. Japan's government on Friday brushed aside rare and explicit comments from U.S. Treasury Secretary Scott Bessent who said the Bank of Japan was "behind the curve" on policy, which appeared to be aimed at pressuring the country's central bank into raising interest rates. The Australian dollar was up 0.1% at $0.65145, while the New Zealand dollar rose 0.15% to $0.5934, after falling 0.5% last week.
Time of India
43 minutes ago
- Time of India
Bengaluru man's Rs 78,000 EMI on Rs 1.3 crore flat turns into burden after layoff. Sparks rent vs buy debate online
Owning a dream home in Bengaluru is often seen as a milestone, but for one family, it has become a source of stress. A story shared on X by a user called Wealth Whisperer has stirred a heated discussion about whether buying property in India's metros is worth the risk compared to renting. Independence Day 2025 Modi signals new push for tech independence with local chips Before Trump, British used tariffs to kill Indian textile Bank of Azad Hind: When Netaji Subhas Chandra Bose gave India its own currency Wealth Whisperer narrated the story of her cousin's husband, who purchased a flat worth Rs 1.3 crore a few years ago. With a hefty down payment of Rs 50 lakh and monthly EMIs of Rs 78,000, the family managed to keep up—until a recent job loss from an MNC turned the investment into a financial strain. She revealed that she advised him to sell the flat and start afresh with new plans. — chai_and_chat (@chai_and_chat) by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Undo Internet debates The post sparked strong reactions. One user compared it with his own experience, saying he bought a flat for Rs 65 lakh in 2020, made a down payment of Rs 20 lakh, and took a loan of Rs 45 lakh. His EMI came to around Rs 40,000, but he claimed that he could now rent the flat for Rs 55,000 or sell it for Rs 1.5 crore. He also added that at one point, he rented the property out, used the proceeds to repay part of the loan, and now felt confident he could clear the balance with his PF. Others weighed in on the bigger question. 'Is it really worth buying costly apartments these days, or should we just rent?' asked one user. Wealth Whisperer responded that there is no universal answer, explaining that it depends on a person's bank balance and the prevailing rent. Some users shared their philosophies on money. 'That's the only reason I pay in cash: one-time payment, no EMIs,' wrote one. Another questioned the wisdom of taking on debt with an unstable job, suggesting that only government employees enjoy true security. Wealth Whisperer countered this by claiming that over 90 per cent of Indians are in private jobs and will naturally want to buy homes, but the real key lies in calculating the risks before taking on heavy debt.
