Jobs: Jobs are increasing in Organized Sector: Ministry of Finance

JOBS: The finance ministry said in its monthly report on Friday that jobs in the organized sector are on the rise. This is indicated by the increase in the number of people holding regular salary under the Employees Provident Fund Organization (EPFO), the ministry said in its statement. According to the report, the urban unemployment rate declined year-on-year in the January-March 2024 quarter and the labor force participation rate and labor force to population ratio also improved. Foreign exchange reserves in comfort zone According to media reports, other macro-economic indicators also showed improvement, along with economic growth and employment in the April edition of the monthly review of the Department of Economic Affairs. Retail inflation hit 4.83 percent in April, the lowest in 11 months. Despite global challenges on the external front, India's forex balance remains in the comfort zone and the Indian rupee has been very aggressive against the US dollar in recent months. A strong trend in government capital expenditure in April-February 2023-24 and debt stability reflected in the current fiscal year's budget have allayed concerns. Concerns related to credit stability. Thus, all the key pillars of India's macroeconomic strength, including growth, price stability and fiscal management, are directly positive and mutually reinforcing. A finance ministry statement said macroeconomic indicators will help tackle the challenges Geopolitical tension and instability pose challenges to global commodity prices, particularly petroleum prices, on multiple fronts. However, macroeconomic indicators are expected to help the Indian economy adequately address these challenges. The report also predicts the possibility of domestic production receiving strong external support in the coming months. Slight improvement in economic activity and consumer sentiment in Europe and a stable US economy helped India's exports in April. The ministry predicts continued momentum in services trade in FY 2024-25, driven by a revival in the hotel and tourism sector, increased credit flow to the transport and real estate sectors, policy support and robust investment in physical and digital infrastructure and logistics. There is also an expectation that the service sector will get help. According to the report, strong export growth in April 2024 indicates that momentum in services trade will continue in FY 2024-25. RBI's dividend will determine the new government's fiscal priorities: wheat and pulses prices will remain affordable, the report said. , this initiative of the government helps to stabilize the price of food items. The rabi marketing season harvest is expected to reduce the prices of major commodities like wheat and pulses. A forecast of normal southwest monsoon is a good sign of easing pressure on food production and prices. The RBI has estimated retail inflation at 4.9 per cent in the first quarter of the current fiscal. Gold, gold…cheap gold! 2000 price cut The post Employment opportunities: Increasing employment opportunities in organized sector: Finance Ministry appeared first on Prabhat Khabar.