• Feedback
  • RSS Feed
  • Sitemap
Ommcom News
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ
No Result
View All Result
Odisha News, Odisha Breaking News, Odisha Latest News || Ommcom News
Home Nation

Governments Must Focus On Job Creation, Not Freebies: Raghuram Rajan

OMMCOM NEWS by OMMCOM NEWS
February 2, 2024
in Nation

Jaipur: Stressing that governments need to focus on creating more jobs for youngsters, and not just focus on freebies for short-term political benefits, Raghuram Rajan, former Governor of Reserve Bank of India and erstwhile Chief Economist, International Monetary Fund, said that to ensure a smooth development path, it is paramount to emphasise healthcare and education.

Speaking at the ongoing Jaipur Literature Festival, Rajan opined that the government must be ready to decentralise as its benefits can be seen in the education and healthcare sectors in states like Delhi, Kerala, and Tamil Nadu.

He added that the recent cases by the Enforcement Directorate and other central agencies against opposition leaders before elections were “undemocratic” as citizens were being left with little choice while choosing leaders (from the opposition).

Rajan, who has co-written ‘Breaking the Mould: Reimagining India’s Economic Future’ (Penguin Random House India), with economist Rohit Lamba adds, “Democracy and free speech are paramount for development of sectors that need research, creativity and new ideas.”

Emphasising that the book can be easily understood by everybody, the economist added, “We do not have to follow other countries’ growth story — like China — but make our path. It is important to recognise our strengths and build on them.”

Talking about cryptocurrency, Rajan says it is a technology, and while it may be okay to put some money that one can afford to lose, going all in by staking one’s life savings is a bad idea.

“It needs to be understood that Crypto is not being regulated, and not many operators can be trusted.”

A major part of the book deals with job creation, and the authors say that unemployment is leading to unrest.

“The youth are looking for reservations as they believe that good jobs exist only in the government. The government needs to realise that the best way to uplift people is to facilitate job creation. We hear a lazy response that things will be better shortly. It is important to act now, almost in an obsessive fashion. We cannot kick too much into the future,” concludes Rajan.

(IANS)

Tags: Interim Budget 2024Raghuram Rajan
ShareTweetSendSharePinShareSend
Previous Post

Muslims Asked To Down Shutters In Varanasi Today

Next Post

Palestinian Death Toll In Gaza Exceeds 27,000: Ministry

Related Posts

Nation

ED Arrests Karnataka Congress MLA Satish Sail On Money Laundering Charges

September 9, 2025
Nation

Illegal Betting Scam: Seizure Of Proceeds Of Crime From K’taka Cong MLA Veerendra & Others Crosses Rs 100 Crore

September 9, 2025
Nation

PM Modi Reviews Flood-Hit Himachal And Punjab; Promises Financial Aid, Housing Support And Agricultural Rehabilitation

September 9, 2025
Nation

After Rs 5 Crore Aid By Tripura Govt, BJP Sends Relief To Flood-Hit Himachal Pradesh

September 9, 2025
Nation

Indian Ambassador Holds ‘Productive Discussion’ With Senior US Official

September 9, 2025
Nation

SSC GD Constable Exam: OBC Candidates Availing Age Relaxation Cannot Claim Unreserved Posts, Rules SC

September 9, 2025
Next Post

Palestinian Death Toll In Gaza Exceeds 27,000: Ministry

Veteran JMM Leader Champai Soren To Take Oath As Jharkhand Chief Minister Today

18 Pilgrims Injured As Truck Hits Bus On Way To Puri

Khimji
  • Feedback
  • RSS Feed
  • Sitemap

© 2025 - Ommcom News. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Odisha
  • Nation
  • World
  • Sports
  • Business
  • Entertainment
  • Videos
  • Science & Tech
  • Photo Gallery
  • ଓଡ଼ିଆରେ ପଢନ୍ତୁ

© 2025 - Ommcom News. All Rights Reserved.