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Unemployed residents of urban India want the government to guarantee them jobs and not just give out cash handouts as per a study done by LSE.82% of respondents in LSE's survey for it's report said they preferred to have job security similar to the kind provided in rural India schemes. Only 16% of those asked said they would opt for a cash handout.&nbsp;Even most of those who had received cash handouts from the government in the wake of the pandemic preferred having job protection over financial assistance, wrote Swati Dhingra and Fjolla Kondirolli, the authors of the report titled&nbsp; &lsquo;City of dreams no more, a year on: worklessness and active labour market policies in urban India&rsquo;
Here are some of the other findings of that report-:&nbsp;
Some other findings of the survey are:

Urban individuals have been unemployed for the last six months on average
The share of employed individuals who had a full year&rsquo;s work has halved since the previous year and they have seen an average reduction of six working hours per week
Government programmes such as state insurance are barely reaching low-income urban areas
Less than 1% of the respondents had access to these government benefits

India's unemployment level has been swaying between 9%-11% due to localised lockdowns&nbsp;and economists have been raising concern on the falling labour participation rate indicating despondency amongst job seekers.&nbsp;

Indians want jobs security not cash handouts; LSE study shows

Unemployed in urban India want job security not charity cash handouts; LSE study reveals.&nbsp;

Joblessness in Urban India

&nbsp;
&nbsp;
<ul>
<li>Urban India wants job security not cash handout: LSE&nbsp;Study&nbsp;</li>
<li>82% surveyed prefer having a job guarantee scheme even in Urban India&nbsp;</li>
<li>LSE&nbsp;published report&nbsp; &lsquo;City of dreams no more, a year on: worklessness &amp; labour market policies in urban India&rsquo;</li>
<li>Urban individuals have been unemployed for the last six months on average: LSE</li>
<li>Share of employed individuals who had a full year&rsquo;s work has halved&nbsp;</li>
<li>State insurance programmes are barely reaching low-income urban area: LSE</li>
<li>Less than 1% of the respondents had access to these government benefits: LSE</li>
</ul>

<h1 class="headline">Job guarantee over cash handouts are preferred&nbsp;by Indians as per a study done by London School of Economics.&nbsp;</h1>

Unemployed residents of urban India want the government to guarantee them jobs and not just give out cash handouts as per a study done by LSE. 82% of respondents in LSE's survey for it's report said they preferred to have job security similar to the kind provided in rural India schemes. Only 16% of those asked said they would opt for a cash handout.&nbsp;Even most of those who had received cash handouts from the government in the wake of the pandemic preferred having job protection over financial assistance, wrote Swati Dhingra and Fjolla Kondirolli, the authors of the report titled&nbsp; &lsquo;City of dreams no more, a year on: worklessness and active labour market policies in urban India&rsquo;
Here are some of the other findings of that report-:&nbsp;
Some other findings of the survey are:
<ul>
<li>Urban individuals have been unemployed for the last six months on average</li>
<li>The share of employed individuals who had a full year&rsquo;s work has halved since the previous year and they have seen an average reduction of six working hours per week</li>
<li>Government programmes such as state insurance are barely reaching low-income urban areas</li>
<li>Less than 1% of the respondents had access to these government benefits</li>
</ul>
India's unemployment level has been swaying between 9%-11% due to localised lockdowns&nbsp;and economists have been raising concern on the falling labour participation rate indicating despondency amongst job seekers.&nbsp;

Finance Minister Nirmala&nbsp;Sitharaman&nbsp;gave the economy a Rs 1.1 lakh crore&nbsp;lifeline to cushion the blow of the second wave of Covid&nbsp;19. The announcements from the FM included 8 relief packages including 4 new packages focused on sectors such as health and travel. Here are the big highlights-:

Loan support: Rs 1.1 lakh cr&nbsp;loan guarantee for COVID affected sectors
Health sector: Rs 50,000 cr earmarked for loans to health infrastructure in areas outside the 8 metros,&nbsp;Additional Rs 23,000 crore announced&nbsp;for public health with an emphasis on children and paediatric care/paediatric&nbsp;beds.
Credit extended: Additonal&nbsp;Rs 1.5 lakh cr added to the&nbsp;emergency credit line guarantee scheme (ECLGS) taking the limit upto&nbsp;Rs 4.5 lakh&nbsp;crore
Boost to lending: Micro Finance Institutes (MFIs) given loan guarantee and&nbsp;allowed to lend upto&nbsp;Rs 1.25&nbsp;lakh&nbsp;per person. Defaulters upto&nbsp;89 days are also eligible.&nbsp;
Support for tourism: Loan, Credit line to be opened for&nbsp;11,000 tourist guides, travel, tourism stakeholders. Loans will be provided under 100 per cent guarantee.
Travel incentives: First 5 lakh&nbsp;tourist visas issued by India will be free of charge when the process starts
EPFO&nbsp;Scheme:&nbsp;&nbsp;Support&nbsp;to employers and employees&nbsp;under Aatmanirbhar Bharat Rozgar Yojana has been extended till March 31, 2022.T


FM gives Rs 1.1 lk crore relief to economy, Credit line to loan guarantee and more 

FM gives Rs 1.1 lk crore relief to economy; Health, Tourism, MFIs all given a big boost

FM gives a healthy boost to waning economy

Finance Minister Nirmala&nbsp;Sitharaman&nbsp;gave the economy a Rs 1.1 lakh crore&nbsp;lifeline to cushion the blow of the second wave of Covid&nbsp;19. The announcements from the FM included 8 relief packages including 4 new packages focused on sectors such as health and travel. Sitharman's stimulus package for economy totals to Rs 6.29 lakh crore. Here are the big highlights-:
Loan support: Rs 1.1 lakh cr&nbsp;loan guarantee for COVID affected sectors Health sector: Rs 50,000 cr earmarked for loans to health infrastructure in areas outside the 8 metros,&nbsp;Additional Rs 23,000 crore announced&nbsp;for public health with an emphasis on children and paediatric care/paediatric&nbsp;beds. Credit extended: Additonal&nbsp;Rs 1.5 lakh cr added to the&nbsp;emergency credit line guarantee scheme (ECLGS) taking the limit upto&nbsp;Rs 4.5 lakh&nbsp;crore Boost to lending: Micro Finance Institutes (MFIs) given loan guarantee and&nbsp;allowed to lend upto&nbsp;Rs 1.25&nbsp;lakh&nbsp;per person. Defaulters upto&nbsp;89 days are also eligible.&nbsp; Support for tourism: Loan, Credit line to be opened for&nbsp;11,000 tourist guides, travel, tourism stakeholders. Loans will be provided under 100 per cent guarantee. Travel incentives: First 5 lakh&nbsp;tourist visas issued by India will be free of charge when the process starts EPFO&nbsp;Scheme:&nbsp;&nbsp;Support&nbsp;to employers and employees&nbsp;under Aatmanirbhar Bharat Rozgar Yojana has been extended till March 31, 2022.T

<ul>
<li>8 relief measures announced by Finance Minister&nbsp;</li>
<li>4 new relief schemes announced for sectors such as health and travel</li>
<li>Offer of credit line, loan guarantee focused on semi-urban areas</li>
</ul>

Finance Minister Nirmala&nbsp;Sitharaman&nbsp;gave the economy a Rs 1.1 lakh crore&nbsp;lifeline to cushion the blow of the second wave of Covid&nbsp;19. The announcements from the FM included 8 relief packages including 4 new packages focused on sectors such as health and travel. Finance Minister Nirmala Sitharman's stimulus package for economy totals to Rs 6.29 lakh crore. Here are the big highlights-:
<ul>
<li>Loan support: Rs 1.1 lakh cr&nbsp;loan guarantee for COVID affected sectors</li>
<li>Health sector: Rs 50,000 cr earmarked for loans to health infrastructure in areas outside the 8 metros,&nbsp;Additional Rs 23,000 crore announced&nbsp;for public health with an emphasis on children and paediatric care/paediatric&nbsp;beds.</li>
<li>Credit extended: Additonal&nbsp;Rs 1.5 lakh cr added to the&nbsp;emergency credit line guarantee scheme (ECLGS) taking the limit upto&nbsp;Rs 4.5 lakh&nbsp;crore</li>
<li>Boost to lending: Micro Finance Institutes (MFIs) given loan guarantee and&nbsp;allowed to lend upto&nbsp;Rs 1.25&nbsp;lakh&nbsp;per person. Defaulters upto&nbsp;89 days are also eligible.&nbsp;</li>
<li>Support for tourism: Loan, Credit line to be opened for&nbsp;11,000 tourist guides, travel, tourism stakeholders. Loans will be provided under 100 per cent guarantee.</li>
<li>Travel incentives: First 5 lakh&nbsp;tourist visas issued by India will be free of charge when the process starts</li>
<li>EPFO&nbsp;Scheme:&nbsp;&nbsp;Support&nbsp;to employers and employees&nbsp;under Aatmanirbhar Bharat Rozgar Yojana has been extended till March 31, 2022.</li>
</ul>

FM Nirmala&nbsp;Sitharaman&nbsp;announced a mega package to boost health and medical infrastructure especially outside the main 8 metros. The Finance&nbsp;Minister&nbsp;announced the following -:&nbsp;

Loan guarantee scheme of Rs 50,000 crore for health sector
Loan guarantee to cover 75% of loan in aspirational districts and 50% coverage in other regions
Maximum loan of Rs 100 crore will be provided for three years
Interest rate will be capped at 7.95%


FM announces Rs 50,000 cr stimulus for health infrastructure sector

A healthy stimulus announced by Finance Minister focused on non-metro regions.&nbsp;

FM announces fresh stimulus

FM Nirmala&nbsp;Sitharaman&nbsp;announced a mega package to boost health and medical infrastructure especially outside the main 8 metros. The Finance&nbsp;Minister&nbsp;announced the following -:&nbsp;
Loan guarantee scheme of Rs 50,000 crore for health sector Loan guarantee to cover 75% of loan in aspirational districts and 50% coverage in other regions Maximum loan of Rs 100 crore will be provided for three years Interest rate will be capped at 7.95%

Covid&nbsp;relief package focused health infrastructure outside 8 metros.&nbsp;

FM Nirmala&nbsp;Sitharaman&nbsp;announced a mega package to boost health and medical infrastructure especially outside the main 8 metros. The Finance&nbsp;Minister&nbsp;announced the following -:&nbsp;
<ul>
<li>Loan guarantee scheme of Rs 50,000 crore for health sector</li>
<li>Loan guarantee to cover 75% of loan in aspirational districts and 50% coverage in other regions</li>
<li>Maximum loan of Rs 100 crore will be provided for three years</li>
<li>Interest rate will be capped at 7.95%</li>
</ul>

The finance minister will address a press conference aat&nbsp;3 pm today and the wide expectation is that an&nbsp;economic relief package will be announced&nbsp;
Reports Indicate that that the new measures may include a scheme to promote health infrastructure in tier 2 cities, and an increased Emergency Credit Line Guarantee Scheme (ECLGS) limit of Rs 4.5 lakh crore.
The govt has already announced measures totalling Rs 29 lakh&nbsp;crore&nbsp;as per the statements made by&nbsp;Finance Minister in November 2020.&nbsp;

FM likely to announce Covid relief package for economy, here is what to expect

FM likely to announce Covid relief package for economy, here is what to expect at 3 pm today

Economy Stimulus coming

&nbsp;
The finance minister will address a press conference at&nbsp;3 pm today and the wide expectation is that an&nbsp;economic relief package will be announced&nbsp;
Reports Indicate that that the new measures may include a scheme to promote health infrastructure in tier 2 cities, and an increased Emergency Credit Line Guarantee Scheme (ECLGS) limit of Rs 4.5 lakh crore.
The govt has already announced measures totalling Rs 29 lakh&nbsp;crore&nbsp;as per the statements made by&nbsp;Finance Minister in November 2020.

Finance Minister will brief the media at 3 pm today

Finance Minister Nirmala&nbsp;Sitharaman will address a press conference at&nbsp;3 pm today and the wide expectation is that an&nbsp;economic relief package will be announced&nbsp;
Reports indicate that that the new measures may include a scheme to promote health infrastructure in tier 2 cities, and an increased Emergency Credit Line Guarantee Scheme (ECLGS) limit of Rs 4.5 lakh crore.
The govt has already announced measures totalling Rs 29 lakh&nbsp;crore&nbsp;as per the statements made by&nbsp;Finance Minister in November 2020.&nbsp;

As the second wave wipes out economic recovery in Apr-Jun the Finance Ministry is likely to announce an economic relief package in the next two weeks as per reports.&nbsp;Sources told CNBC TV-18 that the new measures that may include a scheme to promote health infrastructure in tier 2 cities, and an increased Emergency Credit Line Guarantee Scheme (ECLGS) limit of Rs 4.5 lakh crore.The govt has already announced measures totalling Rs 29 lakh&nbsp;crore&nbsp;as per the statements made by&nbsp;Finance Minister in November 2020.&nbsp;

Covid relief package on the anvil, Govt may announce economy stimulus soon

With fears of a third wave rising the Govt prepares&nbsp;Covid relief package, may announce economy stimulus soon. Here is a sneak peak into what you can expect.&nbsp;

<ul>
<li>Govt likely to&nbsp;announce another economic relief package</li>
<li>Economic recovery halted due to second wave, local lockdowns</li>
<li>Govt to focus health infrastructure in tier 2 cities in stimulus</li>
<li>Fin Min may increase&nbsp;ECLG&nbsp;scheme&nbsp;limit of Rs 4.5 lakh crore </li>
</ul>

As the second wave wipes out economic recovery in Apr-Jun the Finance Ministry is likely to announce an economic relief package in the next two weeks as per reports.&nbsp; Sources told CNBC TV-18 that the new measures that may include a scheme to promote health infrastructure in tier 2 cities, and an increased Emergency Credit Line Guarantee Scheme (ECLGS) limit of Rs 4.5 lakh crore. The govt has already announced measures totalling Rs 29 lakh&nbsp;crore&nbsp;as per the statements made by&nbsp;Finance Minister in November 2020.&nbsp;

stimulus

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