GET Stock QuotesNews18 APP
News18 English
»
1-min read

Niti Aayog Forms Task Force to Push Exports, Create Jobs

The 15-member 'Task Force on Employment and Exports' under Niti Aayog Chairman Rajiv Kumar, consists of secretaries from various government departments, industry experts and economists.

PTI

Updated:September 6, 2017, 8:53 PM IST
facebookTwittergoogleskypewhatsapp
Niti Aayog Forms Task Force to Push Exports, Create Jobs
The task force will submit its report by November, the Niti Aayog said.
New Delhi: The Niti Aayog on Wednesday constituted a task force to draw up an action plan to boost exports and generate employment.

While the Indian workforce has high aspirations, a majority of workers are still employed in low-productivity, low-wage jobs in small, micro and own-account enterprises, the government's think-tank said in a release.

The 15-member 'Task Force on Employment and Exports' under Niti Aayog Chairman Rajiv Kumar, consists of secretaries from various government departments, industry experts and economists.

"An urgent and sustained expansion of the organised sector is essential to address India's unemployment and under-employment issue," the release said.

An important strategy is also to facilitate a shift towards more labour-intensive goods and services that are destined for exports, it added.

Besides other issues, the panel will give recommendations on sector-specific policy interventions in key employment sectors and measures to enhance trade in services with high employment potential.

It will also propose a comprehensive plan of action to generate employment and alleviate under-employment in both goods and services sectors and low wages by boosting India's exports in key labour-intensive industries.

The task force has a mandate to identify key macroeconomic factors constraining exports and suggest methods to address these irritants.

Assessing the effectiveness of existing schemes to promote exports and addressing issues related to logistics, export credits and trade facilitation are other areas for the panel to look into.

The task force will submit its report by November, the Niti Aayog said.

Also Watch

Read full article
Next Story
Next Story
facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
TCS 3,403.30 +0.85 +0.02
Infosys 1,191.15 +12.70 +1.08
Mindtree 1,001.30 +21.45 +2.19
HDFC Bank 1,936.35 -19.55 -1.00
NIIT Tech 1,038.75 +45.60 +4.59
Company Price Change %Gain
TCS 3,410.05 +3.65 +0.11
Laurus Labs 505.35 -3.30 -0.65
Minda Corp 200.55 +25.35 +14.47
SBI 242.55 +1.15 +0.48
Infosys 1,186.25 +8.00 +0.68
Top Gainers
Company Price Change %Gain
IndusInd Bank 1,876.80 +63.95 +3.53
M&M 823.30 +23.80 +2.98
BPCL 380.70 +9.30 +2.50
HCL Tech 1,087.25 +24.90 +2.34
Cipla 600.00 +10.95 +1.86
Company Price Change %Gain
IndusInd Bank 1,879.90 +65.90 +3.63
M&M 821.60 +21.05 +2.63
Asian Paints 1,177.80 +18.70 +1.61
Sun Pharma 514.05 +8.65 +1.71
Kotak Mahindra 1,169.55 +15.10 +1.31
Top Losers
Company Price Change %Gain
Hindalco 255.40 -6.70 -2.56
Indiabulls Hsg 1,326.65 -29.40 -2.17
UPL 753.65 -12.10 -1.58
Grasim 1,084.00 -16.80 -1.53
Bharti Infratel 326.95 -4.15 -1.25
Company Price Change %Gain
HDFC Bank 1,937.40 -23.55 -1.20
HUL 1,452.60 -12.90 -0.88
Coal India 289.10 -2.95 -1.01
ONGC 180.85 -1.50 -0.82
Wipro 296.50 -1.85 -0.62