This time the budget (Budget 2022) is a big challenge for Finance Minister Nirmala Sitharaman. The Indian economy, which has been hit by Corona, is on the path of recovery. However, the corona pandemic is not over yet. Its third wave has created new difficulties for the government, the economy and the common people. However, it is not as deadly as the second wave. In such a situation, the challenge before the Finance Minister is to present measures to help in the economic recovery in the budget. Let us know what are the challenges before the Finance Minister this time.
In the year 2022, after the corona epidemic started, the government imposed a lockdown. This led to the exodus of a large number of working people. A large number of people doing small and big jobs were forced to go to their villages from big cities. Due to this his income had stopped. However, the situation started improving from September-October in 2020. Due to this again people moved to cities in search of work. Companies that laid off workers. She also started calling him. This showed an improvement in the situation on the employment front.
Even though a large number of people who have returned to their villages have again gone to the city in search of work. But, the situation is not completely normal yet. The people who have returned to the city are not getting full salary. They are not even getting daily work. In such a situation, they are forced to live on very low income. Manufacturing and other companies are calling laborers to work according to their need. In such a situation, a situation of invisible unemployment has arisen. This is very bad for the people of weaker income group.
What is invisible unemployment?
Hidden Unemployment is the situation when people are visible while working but they do not get full price for it. Its biggest disadvantage is that such people are not included in the government figures of unemployment. Due to this, the unemployment rate decreases, but the real unemployment does not decrease. Since, these people do not come in the government’s record of unemployed people, due to which the government also does not take any steps to overcome this problem.
Finance Minister Nirmala Sitharaman should take concrete steps to remove invisible unemployment in the budget. For this, they can announce financial incentives for companies offering small and big jobs to people. Companies can make the rules strict to pay wages to their employees and laborers at the right and right time.
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