What is Unemployment? Unemployment refers to a situation in which the workers who are capable of working and willing to work do not get employed or fail to secure work or any other activity which gives them income or means of livelihood. People who are unfit for work due to physical reason or do not want to work are excluded from the category of unemployment. Basic Definitions 1. Workforce: A worker is one who participate in any economic activity. 2. Labour Force: It refers to the segment of population which supplies or offers to supply labour for production and therefore includes both employed and unemployed persons. 3. Labour Force Participation Rate (LFPR): It is defined as the percentage of persons in labour force (i.e. working or seeking or available for work) in the population. 4. Work Participation Rate: It is defined as the percentage of employed persons in the population. 5. Unemployment Rate: Is is defined as a number of unemployed people divided by th...

Finance Minister Nirmala Sitharaman presented Budget 2019-20 on 05.07.2019 Finance Minister Nirmala Sitharaman became second women in the history of Independence India to present the Union Budget . She presented the maiden budget of Narendra Modi 2.0 government in the Lok Sabha. KEY TAKEAWAYS FROM THE BUDGET 10-POINT VISION FOR THE DECADE Building Team India with Jan Bhagidari : Minimum Government Maximum Governance Achieving green Mother Earth and Blue skies through a pollution-free India Making Digital India reach every sector of the economy Launching Gaganyan, Chandrayan, other Space and Satellite programmes Building physical and social infrastructure Water, water management, clean rivers Blue Economy Self-sufficiency and export of food-grains, pulses, oilseeds, fruits and vegetables Achieving a healthy society via Ayushman Bharat , well-nourished women & children, safety of citizens Emphasis on MSMEs, Start-ups, defence manufacturing, automobiles, el...