Recently the State Government issued statutory rule governing new entrants in government sector that they shall draw half of the salary for first two years, and 75% for next three years and after completing 5 years could draw salary subject to their performance i.e. work and conduct/APRs. Worth to mention this another blow came within a year, earlier the State cabinet passed the orders that appointments made after first of January, 2010 shall fall under New pension scheme, under which an employee has to subscribe 10% of his basic pay towards his pension and the same amount will be contributed by the government into account called PRAN (Permanent Retirement Account Number). The latest move might be a possibility of well-heeled plan for absorbing the youth into government sector besides saving the state exchequer. Legislators in both Houses felt it convenient and accorded with such policies for the State. Perhaps this way the state exchequer would save a bunch of public money for otherwise progress and development of the State.Surprisingly, no association or business house or any social establishment controverted the move when it was being framed, though was followed by court stay. Today the whole world is moving faster and private enterprises are absorbing the youths like anything world over, but the case being dissimilar, as hardly any sound private enterprise exist. Many youngsters now are settled outside the State but this too has its limitations. Each year thousands of meritorious youngsters come out of Universities with a desire to start afresh. Graduated in Engineering, Medicine, Law, Management, technical and non-technical persons qualified, scarcely find opportunity. Secondly, the thin and shrinking private sector has got very little to do for the society as they lack basic facilities to run the business. Though the private sector has been striving during the intemperate circumstances for a longer period. Fact remains many private establishments preferred to flip the operations to other region surely not for a single reason.
      Today lakhs of youth are educated but, unemployed. As the state has low resources to meet the demand the crises will surely go up. State has devised new impractical strategies to find out the way where-under unemployed youths could be absorbed. Heads of the state perceive it in a different manner and anticipate at least three persons can be absorbed against the one through this newly devised plan. The society at large disagrees, logically three persons cannot work on a single vacancy, nor are the growing economic crises going to be settled with this. As per the financial year 2010-2011 report, the state has debt of 16000 cr. while the expenditure is around 24000 cr, and revenue realized only 3000 cr. The fate of state is hanging in balance. But the youth of state is indeed discouraged for no adequate facilities being made available. 

(Irfan Muhammad Shah is Layout Editor, Business Info. Feedback at Irfanmohammad.shah@gmail.com)

Lastupdate on : Tue, 6 Dec 2011 21:30:00 Makkah time
Lastupdate on : Tue, 6 Dec 2011 18:30:00 GMT
Lastupdate on : Wed, 7 Dec 2011 00:00:00 IST