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A ‘Mahalakshmi Plan’ – the centerpiece of a comprehensive five-year program of social justice – will provide India’s main opposition party in its manifesto ‘Nyaya Patra’ launched on Friday said every poor Indian family will be given Rs 1 lakh per year as unconditional cash transfer.
It also vowed to end the Agneepath Military Recruitment Scheme, a short-term military recruitment scheme.
The seven-phase elections will begin on April 19 and counting of votes will take place on June 4.
The manifesto said that under the Mahalaxmi scheme, the poor, especially families living at the bottom of the income pyramid, will be identified and the amount will be transferred directly into the bank account of the oldest woman in the household.
Congress has also proposed to reform the Production-Linked Incentive (PLI) scheme and link it to employment generation – so that specific sectors can generate employment, making India one of the top five manufacturing hubs.
Additionally, it will introduce a new employment-linked incentive scheme for corporates to encourage additional hiring.
Although India still remains the fastest growing major economy – amid a slowdown in global growth – the Mallikarjun Kharge-led Congress party is raising the issue of jobless growth as it takes on the ruling Bharatiya Janata Party (BJP). to poll.
The economic policy of the Congress is based on three key principles – work, wealth and welfare.
The manifesto said India’s oldest party hopes to take the Indian economy to greater heights through a jobs-led growth path, while propelling the country to become a manufacturing powerhouse capable of supporting itself and the world. Produces goods and services for.
“The objective of the newly resolved economic policy will be to build a fair, equitable and equal opportunity economy and bring prosperity to all sections of the people. The Congress will make a new beginning, as we did in 1991, in which all sections of the people Will be included.” Nation building,” the Congress manifesto said.
1991 refers to the year when India, under the leadership of Finance Minister (later Prime Minister) Manmohan Singh, began an era of liberalized economic policies, which led to a prolonged period of high economic growth.
“The time has come to reset and prioritize our roadmap for economic growth in the context of the twin challenges of our economy, unemployment and inflation,” it said.
The Congress said that if it comes to power, it will help create thousands of jobs, especially for small businesses, while supporting the private sector in its effort to create jobs and produce goods and services.
According to a report by Bengaluru-based Azim Premji University released in September 2023, about 42% of Indian graduates under the age of 25 remained unemployed after the COVID-19 pandemic, while the pace of job creation slowed following the global economic recession. slow down.
The report, ‘State of Working India 2023: Social Identities and Labor Market Outcomes’, says wide gaps remain in unemployment rates even among those with higher education, as post-Covid figures remain below pre-pandemic levels. Has happened.
The report cites Periodic Labor Force Survey (2021-22) data.
However, the Ministry of Statistics and Program Implementation says the unemployment rate in urban areas fell to 6.5% in the three months to December, down from 7.2% in the same period in 2022.
The Congress party also promised to remove the cap on reservation for deprived castes if voted to power.
“The Congress has been the most vocal and active champion of the progress of backward and oppressed classes and castes over the last seven decades. However, caste discrimination is still a reality,” it said.
It said, “The Congress will conduct a nationwide socio-economic and caste census to enumerate the castes and sub-castes and their socio-economic conditions. Based on the data, we will strengthen the affirmative action agenda.”
If she comes to power, she will introduce a constitutional amendment to increase the reservation limit for Scheduled Castes, Tribes and Other Backward Castes by 50% and reserve 10% jobs and seats in educational institutions for Economically Weaker Sections (EWS). Will be passed, which will be implemented. All castes and communities without any discrimination.
The manifesto states that if the party comes to power, it will focus on attracting more private capital to further develop critical infrastructure, and use public funds to create assets before handing them over to the private sector. Will deviate from the existing practice of using.
Economic upliftment of the poor is a strong theme of the Congress manifesto, with a focus on five Nyay or five pillars of justice – Yuva Nyay (youth), Nari Nyay (women), Kisan Nyay (farmers), Shramik Nyay (workers). , and Bhaskarin Nyay (women stakeholders).
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Published: 05 April 2024, 07:42 PM IST
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