Govt seeks data on job openings from PSUs; step-by-step plan to fill them

The move comes against the backdrop of opposition parties expressing concerns about rising unemployment in the country.

According to the direction, identified entry-level vacancies until December this year are to be filled in August-September next year, the official said.

Filling vacancies at government agencies takes time as nominations are made in a transparent manner by following specified guidelines, the official said, adding tests and interviews are conducted based on the advertisement specifying the eligibility criteria.

Each stage takes time as aspirants across the country participate in the process, the official said. According to official data, there were 255 Central Public Sector Enterprises (CPSEs) operating in the country at the end of FY21. Out of the 255 CPSEs, 177 are profitable and generated a profit of Rs 1.89 lakh crore during FY21.

Last month, the Ministry of Finance convened a meeting with the heads of public sector banks and financial institutions to take stock of the employment situation in these entities and their monthly recruitment plan.

The total workforce of public sector banks peaked at 8.86 lakh in 2012-13. It dropped to 7.80 lakh in 2020-21. Banks have started publishing advertisements for recruitment. For example, the largest lender in the country National Bank of India (SBIA) recently published advertisements for the hiring of 1,673 trial officers.

Prime Minister Narendra Modic had asked several government departments and ministries in June to recruit 10 lakh people on a “mission mode” over the next year and a half, amid frequent opposition criticism over the issue of unemployment.

The Prime Minister’s leadership came after an assessment of the status of human resources in all ministries and ministries. The vacancies are likely to be filled before the next general election in 2024. Earlier this year, the government had said in parliament that there were about 8.72 lakh posts vacant in various departments of the central government as of March 1, 2020. Indian Railwaysthe largest recruiter in the country, has nearly 2.3 lakh vacancies.

A month after the Prime Minister’s announcement, the Department of Personnel and Training (DOPT) formed a task force to implement the plan and execute it in mission mode.

According to data from the Center for Monitoring Indian Economy (CMIE), the unemployment rate in India fell to 6.43 percent in September due to an increase in the employment rate in the rural and urban areas. high of 8.3 percent while employment declined sequentially by 2 million to 394.6 million.

ALSO SEE:
Indians over 40 feel younger and healthier than Generation Z, millennials – report

20% Allocation in Gold ETF a Better Investment Strategy: Quantum AMC