Youth has understood BJP can't provide employment: Priyanka Gandhi Vadra
New Delhi (PTI): Congress leader Priyanka Gandhi Vadra on Wednesday attacked the Centre over the issue of unemployment, saying the youth has understood that the BJP cannot provide employment and her party has a concrete plan for providing jobs to them.
Citing the India Employment Report 2024 released by the International Labour Organisation (ILO) and the Institute of Human Development (IHD), Gandhi pointed out that out of the total unemployed people in India, 83 per cent are youth.
"The share of educated youth in the total unemployed was 35.2% in 2000. In 2022, it has almost doubled to 65.7%," she said.
"On the other hand, the Prime Minister's Chief Economic Advisor is saying that 'the government cannot solve the problem of unemployment'," the Congress general secretary said.
This is the truth of the BJP government, she added.
"Today every youth of the country has understood that BJP cannot provide employment. Congress Party has a concrete plan to provide employment to the youth," she said.
Gandhi also listed the facets of the Congress' plan in dealing with the issue such as the guarantee that 30 lakh vacant government posts will be filled immediately.
"Apprenticeship of Rs 1 lakh per year would be given to every graduate/diploma holder," he said.
The Congress will usher in a new strict law that will come against paper leaks, she pointed out.
Gandhi also pointed out the Congress' guarantee of social security to gig workers and setting up a national fund of Rs 5,000 crore for start-ups.
"The Congress government will strengthen the hands of the youth of the country through an employment revolution. Youths are the future of the country. If they are strong then the country will be strong," she asserted.
The Congress has been attacking the government on issues of price rise and unemployment and has held it responsible for people's problems.
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Rupee settles 1 paisa higher to close at 94.15 against US dollar
Mumbai (PTI): The rupee settled with gains of just one paisa to close at 94.15 against the US dollar on Monday, as rising global uncertainty, escalating tensions in West Asia and soaring crude oil prices weighed on investor sentiments.
Forex traders said the INR/USD pair pared its initial losses, but the overall bias remains negative as FII sell-off and elevated crude oil prices restricted the gains for the local unit.
At the interbank foreign exchange market, the rupee opened at 94.25 against the US dollar, and touched an intraday high of 94.11 and a low of 94.28 against the greenback during the day.
At the end of Monday's trading session, the rupee was quoted at 94.15, registering a gain of just 1 paisa over its previous close.
On Friday, the rupee extended its losing streak for the fifth day in a row, depreciating 15 paise to close at 94.16 against the US dollar.
"The rupee snapped a five-session losing streak, rebounding in tandem with a rally across regional currencies. However, the mood remains apprehensive as the market braces for a potential RBI intervention around 94.30 and higher crude oil prices," said Dilip Parmar – Senior Research Analyst, HDFC Securities.
On the charts, the USDINR pair has reclaimed its upward momentum, carving out a classic bullish structure of higher highs and lows on the daily time frame, he said, adding that for the coming sessions, 93.80 serves as a support, with 94.40 acting as the primary hurdle.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.21 per cent at 98.32.
Brent crude, the global oil benchmark, was trading higher by 2.36 per cent at USD 107.82 per barrel in futures trade.
On the domestic equity market front, Sensex jumped 639.42 points to settle at 77,303.63, while the Nifty surged 194.75 points to 24,092.70.
Foreign Institutional Investors offloaded equities worth Rs 1,151.48 crore on Monday, according to exchange data.
Meanwhile, India's forex reserves jumped by USD 2.362 billion to USD 703.308 billion during the week ended April 17, the Reserve Bank of India (RBI) said on Friday.
In the previous reporting week, the forex kitty had increased by USD 3.825 billion to USD 700.946 billion.
