Latest news with #BharatRozgarYojana
Economic Times
4 days ago
- Business
- Economic Times
Celebrating freedom with reforms: Modi promises advancements in defence, technology, manufacturing, and major development schemes
Narendra Modi government is gearing up for next GST reforms by October. On Independence day, Modi unveiled Rs 1 lakh crore jobs programme. PM also assured the nation that India will become the third-largest economy soon. PM Viksit Bharat Rozgar Yojana will facilitate creation of 35 million jobs. Government will constitute task force to look into next-generation economic reforms. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Prime Minister Narendra Modi announced a 'Diwali gift' for the people two months ahead of the festival, declaring that the next set of goods and services tax (GST) reforms will be in place by October, besides underscoring a renewed reforms push, emphasising Atmanirbhar (self-reliant) Bharat as the bedrock on which Viksit Bharat will be built by 2047, and unveiling a Rs 1-lakh crore jobs programme, among other his 12th Independence Day speech that lasted 103 minutes, the Prime Minister also assured the nation he will soon declare from the Red Fort that India has become the third-largest economy in the the Opposition's charge of high unemployment, Modi also said the PM Viksit Bharat Rozgar Yojana being launched on Independence Day will facilitate the creation of 35 million Friday, he said, 'This Diwali, you are going to get a big gift. We are coming with the next generation of GST reforms.' The announcement comes close on the heels of parliamentary approval for two key items of legislation — the Income Tax (No 2) Bill and the Taxation Laws (Amendment) Bill — earlier this week. A total of 280 sections have been abolished in the Income Tax Prime Minister said the government has decided to constitute a task force to look into the prospects of next-generation economic reforms within a set time frame. 'Current rules, laws, policies, and procedures must be redrafted to suit the 21st century, to fit the global environment and to align with the vision of making Bharat a developed nation by 2047,' he PM said the policy changes will reduce compliance costs, besides boosting startups and small and cottage industries. Other benefits will include a smoother export process, improved logistics and systems, and the abolition of archaic laws that led to imprisonment for minor matters. Modi urged all sections, including political parties, his rivals and fellow leaders, to take part in the efforts to build a bright future.'I wish to tell my countrymen, everything I am doing, I am doing for the country, not for myself, not to harm anyone,' he said. 'Whether it is structural reforms, regulatory reforms, policy reforms, process reforms, or the need for constitutional reforms, we have made every kind of reform our mission today.'Atmanirbhar Bharat is the bedrock on which Viksit Bharat will be built, he said. He asserted that Operation Sindoor, the Gaganyaan mission and the manufacture of indigenous semiconductors has proved the power of self-reliance.'The greater a nation's reliance on others, the more its freedom comes into question,' he said. 'Misfortune arises when dependency becomes a habit, when we do not even realise it, when we abandon self-reliance and become dependent on others. This habit is fraught with danger, and hence one must remain vigilant every moment to be self-reliant.'Made-in-India weapons and defence systems helped India during Operation Sindoor, the Prime Minister asserted.'The enemy had no inkling of what weapons and capabilities we possessed, what power was destroying them in the blink of an eye,' he said. 'Imagine if we were not self-reliant, could we have executed Operation Sindoor with such swiftness? We would have been plagued by worries over who might supply us, whether we would get the required equipment, and so on.'The Prime Minister also announced the Sudarshan Chakra Mission for creating a complete security cover for all civilian installations across the country in the near the 21st century is a 'technology-driven century,' it is imperative that India does not lag behind, the Prime Minister said, adding that every nation that mastered technology scaled the heights of development and attained new dimensions of economic lamented that although India began the process of building infrastructure for semiconductor manufacture six decades ago, the plan was stalled, delayed and shelved while other countries mastered the technology and strengthened their position.'Today we have freed ourselves from that burden and advanced the work on semiconductors in mission mode,' Modi said. 'Six different semiconductor units are taking shape on the ground, and we have already given the green signal to four new units.'India is becoming self-reliant in space technology as well, the Prime Minister stated.'We are also preparing for Aatmanirbhar Bharat Gaganyaan on our own in space,' he said. 'We are working towards building our own space station. And I am very proud of the reforms done in space recently. More than 300 startups in my country are now working only in the space sector and thousands of youth are working with full potential in those 300 startups.'He expressed satisfaction at the pace with which the National Manufacturing Mission was progressing and reiterated the importance of the 'vocal for local,' 'zero defect, zero effect' and 'lower price, higher value' the need for promoting indigenous products, Modi urged all traders and shopkeepers across the country to put up boards, saying 'Swadeshi goods sold here.'The new jobs programme is expected to create new employment opportunities for approximately 35 million youth.'Today, on August 15th, we are launching and implementing a scheme worth Rs 1 lakh crore for the youth of my country,' he said. 'The Pradhan Mantri Viksit Bharat Rozgar Yojana is being implemented today… Under this scheme, the government will give Rs 15,000 to the youth, to every son or daughter who gets a job in the private sector.'Companies that generate more jobs will also be given incentives under the scheme.
Hindustan Times
4 days ago
- Business
- Hindustan Times
Rahul Gandhi takes dig at PM Viksit Bharat Rozgar Yojana: ' ₹1 crore ka jumla'
Congress leader Rahul Gandhi on Friday took a swipe at Prime Minister Narendra Modi announcing the launch of PM Viksit Bharat Rozgar Yojana, calling it " ₹1 lakh crore jumla - Season 2". In a post in Hindi on X, Gandhi said, " ₹ 1 lakh crore jumla - Season 2! Even after 11 years, Modi ji's same old jumlas, same memorized figures."(ANI/AICC) Modi on Friday announced the launch of the scheme which is expected to create 3.5 crore jobs in the next two years. "Today is August 15 and we are launching ₹1 lakh crore scheme for the youth of this country. It is good news for you that PM Viksit Bharat Rozgar Yojana is being rolled out from Today," Modi said in his Independence Day speech. In a post in Hindi on X, Gandhi said, " ₹1 lakh crore jumla - Season 2! Even after 11 years, Modi ji's same old jumlas, same memorized figures." "Last year, ₹1 lakh crore to 1 crore internships promise, this year again ₹1 lakh crore job scheme! What is the truth? On my question in the Parliament, the government admitted - less than 10,000 internships. The stipend is so low that 90% of the youth refused," the Leader of Opposition in the Lok Sabha said. "Modi ji has no new idea left now. The youth will not get employment from this government, they will only get jumlas," Gandhi said. The former Congress president also shared the screenshot of his question in the Lok Sabha last month and the answer by the Minister of State in the Corporate Affairs Ministry Harsh Malhotra. On July 1, 2025, the Union Cabinet chaired by Prime Minister Modi had approved the scheme aimed at incentivising job creation in the country. In his address, Modi said that under this scheme the youth getting first job in the private sector will get ₹15,000 and the companies (employing them) will get incentive amounts. With an outlay of ₹99,446 crore, the PM Viksit Bharat Rozgar Yojana aims to incentivise the creation of more than 3.5 crore jobs over two years. Of these, 1.92 crore beneficiaries will be first timers, entering the workforce. The benefits of the scheme would be applicable to jobs created between August 1, 2025, and July 31, 2027.
The Hindu
25-07-2025
- Business
- The Hindu
Incentive for first-time employees, employers
The Union Government, to create more jobs by encouraging the employers, has started giving incentive to them besides extending this assistance to the first-time employees also. Speaking to reporters here on Friday, Principal Regional Commissioner, EPFO, Tirunelveli, Siva Shanmugam and Regional Commissioner Sundaresan said the Prime Minister Viksit Bharat Rozgar Yojana had been launched with the objective of creating over 3.50 crore jobs at the cost of ₹98,446 crore in two years – between August 1, 2025 and July 31, 2027 - across the country by encouraging the employees and the employers. First-time employees drawing salary up to ₹1 lakh would get the incentive of ₹15,000 in two instalments. They will get this assistance by activating the Universal Account Number and linking the bank account with Aadhaar number. While the first instalment will be given after six months of service, the second instalment will get credited at the end of one year. Employers creating additional jobs in any sector will get the incentive for two years and the manufacturing sector will get this assistance for two more years. For any clarification, the employees and the employers may contact the EPFO, Tirunelveli, they said.
