what are the remedies that government has adopted to solve the problem of unemployment ?
Answers
EMPLOYMENT GENERATION PROGRAMME - DEFINITION
The plan makers in India recognized that the problem of poverty and the problem of inequality of income and wealth cannot be solved without solving the problem of unemployment. Hence, the Central government started taking different measures and Employment Generation Programme is one such. Under this programme, 'Food for Work' programme, 'Annapurna', and the 'National Rural Employment Guarantee Scheme' were launched periodically.
WORLD LABOUR MARKET - DEFINITION
The nations of the world exchanging labourers for employment, trade and commerce is called the World Labour Market.
DEVELOPMENT RELATED TO INDUSTRY - DEFINITION
Efficiency and managerial capacity are required for creating newer employment opportunities. There is a possibility to create more employment opportunities through less capital investment. Government gives credit facilities at lower rates. The government has implemented various programmes. It has also taken steps to encourage employment opportunities. The help on all these is provided.
ORGANISATION OF LABOUR FORCE - DEFINITION
If local industries are coordinated with training institutes for human resource, the labour supply can be created. Instead of white collar jobs, an atmosphere should be created. The structure should be raised to make the courses available which can enhance self-employment.
PROGRAMMES TO INCREASE EMPLOYMENT AT RURAL LEVEL - DEFINITION
Government has implemented various programmes to create employment at rural level. The objectives of these Poverty Alleviation Programmes are to provide employment to the poor.
SCHEMES UNDER THE WAGE-BASED PROGRAMMES - DEFINITION
The schemes under the wage-based programmes are:
National Rural Employment Programme (NREP)
Rural Landless Employment Guarantee Programme (RLEGP)
Jawahar Rozgar Yojana (JRY)
Sampoorna Grameen Rozgar Yojana (SGRY)
Mahatma Gandhi Rural Employment Guarantee Act (MNREGA)
National Food for Work Programme (NFW)
SWARNA JAYANTI GRAM SWAROJGAR YOJANA - DEFINITION
Swarna Jayanti Gram Swarojgar Yojana (SGSY)
It was launched on April 1,1999
Under this the government provides a part of financial assistance to SHGs and aims at providing self employment.
This has been restructured as National Rural Livelihood Mission (NRLM).
GOVERNMENT POLICY TO REDUCE UNEMPLOYMENT - DEFINITION
Rural Works Programme (RWP)- in the rural areas by creating infrastructural activities such as roads, water supply, electricity etc. the government is trying to create employment to rural employment.
Employment Guarantee Scheme (EGS)- this scheme was introduced by the Maharashtra government in 1972-73.
National Rural Employment Programme (NREP)
Jawahar Rojgar Yojana (JRY)
Training Rural Youth for Self Employment (TRYSEM)
Rural Landless Employment Guarantee Programme (RLEGP)
LONG RUN REMEDIES FOR UNEMPLOYMENT - DEFINITION
Long run remedies for Unemployment are:
Change in Monetary policy by cutting interest rates to boost Aggregate Demand (AD)
Change in Fiscal policy by cutting taxes to boost AD.
Education and training with skill development
Lower minimum wage to reduce real wage unemployment.
More flexible labour markets, to make it easier to hire and fire workers.
Change in Monetary policy by cutting interest rates to boost Aggregate Demand (AD) Change in Fiscal policy by cutting taxes to boost AD. Education and training with skill development. Lower minimum wage to reduce real wage unemployment.