Correct Answer : Economic Advisory Council to the Prime Minister (EAC-PM)
With income inequality in the country becoming starker, the Economic Advisory Council to the Prime Minister (EAC-PM) on Wednesday(18th May 2022) proposed implementing an urban employment guarantee scheme on the lines of the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS).
The panel raised concerns over growing inequality as captured in The State of Inequality in India Report released by it.The report said the labour force participation rate in the country was 51.5% in 2019-20, which was better than the 49% in 2017-18. However, the participation rate of those educated till higher secondary over three years from 2017-18 to 2019-20 was significantly low at 40-43%.
The clamour for an urban jobs scheme has been growing louder in recent times with increasing income inequality and job losses. Experts said an urban-focused employment guarantee scheme will go a long way in supporting consumption..
Source : New Indian Express
