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Labour Ministry short of Budget spending
Why is it in the news?
- The Parliamentary Standing Committee on Labour has flagged the under-utilisation of funds by the Labour and Employment Ministry.
- The Ministry is yet to spend almost 20% of its 2019-20 Budget (revised estimate) as on February 10.
More in the news
- More from the Report:
(1) The Ministry had utilised 81.64% of the ₹11,184.09 crore allocated to it in the revised estimate.
(2) For the current fiscal 2019-20, the utilisation of funds was not evenly spread out across all the four quarters.
(3) Utilisation of funds for the National Career Service (NCS) project of the Ministry, which facilitates job-seekers, was the worst compared to other schemes.
(4) The Pradhan Mantri Rojgar Protsahan Yojana, which gives employers incentives to generate new employment, recorded 100% utilisation.
(5) While 3,751 job fairs had been conducted under the scheme till December 2019, “only 3.69 lakh” of the 19.71 lakh candidates had received job offers.
Source
The Hindu.