Passez à l'illimité avec Magzter GOLD

Passez à l'illimité avec Magzter GOLD

Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement

$149.99
 
$74.99/Année

Essayer OR - Gratuit

No unemployment in India!

Financial Express Bengaluru

|

January 18, 2026

The replacement of MGNREGA by a supply-driven, guarantee-less, funds-constrained scheme will make matters worse for the rural poor who will face unemployment or under-employment

- P Chidambaram

THERE IS A deluge of good news. Retail inflation is at 1.33%.The GDP growth for 2025-26 has been estimated at 7.4%. I think we must add another hurrah: there is no unemployment anywhere in India, at least unemployment of the kind we need to worry about.

No takers for jobs!

I have good reasons to state that there are no takers for jobs. Data shows that for hundreds of thousands of vacancies in the government and quasi-government sector, there are no takers. Despite good pay (and the 8th Pay Commission will improve it), dearness allowance, annual increments, promotions, job security, medical benefits, HRA, Transport Allowance and other allowances, leave benefits, advances and loans, and Unified Pension Scheme, young men and women are not inclined to take the jobs — sanctioned by the government but vacant. What will you conclude from this extraordinary situation other than there is no unemployment and no takers for jobs?

According to Ministry of Education, the sanctioned and vacant posts in central universities (see Table 1), as of April 1, 2024, 27% of teaching posts and 47% of non-teaching posts were vacant in central universities.

As of June 2025, 7,765 teaching posts in KVS and 4,323 teaching posts in NVS were vacant. Nevertheless, we are assured that teaching is well and thriving in India.

Official data speaks

PLUS D'HISTOIRES DE Financial Express Bengaluru

Financial Express Bengaluru

Dying alone Is China's latest tech obsession

THIS TIME LAST year, the hottest Chinese tech product was DeepSeek’s market-moving artificial intelligence model.

time to read

3 mins

January 24, 2026

Financial Express Bengaluru

ICCT20 World Cup: Scotland likely to replace Bangladesh

A DESPERATE BANGLADESH Cricket Board (BCB) has written to the Dispute Resolution Committee (DRC) of ICC requesting it to overturn the governing body’s decision to hold the national men’s team’s T20 World Cup games in India but its appeal won’t be heard as it is outside the remit of the subcommittee.

time to read

1 mins

January 24, 2026

Financial Express Bengaluru

EU to suspend trade package against US

THE EUROPEAN COMMISSION said on Friday it would propose suspending for another six months an EU package of retaliatory trade measures against the US worth 93 billion euros

time to read

1 min

January 24, 2026

Financial Express Bengaluru

Report gains or losses from F&O trading as business income in ITR

YOU CAN SET OFF LOSSES AGAINST INCOME FROM ANY HEAD OTHER THAN SALARIES

time to read

2 mins

January 24, 2026

Financial Express Bengaluru

Online brokers diversify on muted demat additions

AFTER EXPERIENCING

time to read

2 mins

January 24, 2026

Financial Express Bengaluru

Forex reserves jump $14 bn to $701 bn on Fx swap, gold rally

FOREIGN EXCHANGE RESERVES rose to $701.36 billion as of January 16, compared with $687.19 billion a week earlier, the Reserve Bank of India (RBI) said on Friday.

time to read

1 min

January 24, 2026

Financial Express Bengaluru

Packs a real punch

TURBO-PETROL: FROM SEDATE TO SPIRITED

time to read

1 min

January 24, 2026

Financial Express Bengaluru

Govt plays down new EU tariff order

'MOVE WILL IMPACT 2.66% OF EXPORTS ADDITIONALLY'

time to read

1 mins

January 24, 2026

Financial Express Bengaluru

Vinfast aims to be in India's top-3 in 10 years

WAY TOO OPTIMISTIC, UNACHIEVABLE: ANALYSTS

time to read

2 mins

January 24, 2026

Financial Express Bengaluru

‘Retail AUM may touch ₹1 lakh cr by March’

Jairam Sridharan, managing director and CEO of Piramal Finance, tells Kshipra Petkar in an interview that the company is targeting a sharp expansion in retail AUM, improved profitability and deeper product diversification.

time to read

1 mins

January 24, 2026

Listen

Translate

Share

-
+

Change font size