Budget Expectations: Following the success of production-linked incentive (PLI) schemes, the government needs to prepare the ground for employment-linked incentive schemes in the upcoming interim budget to spur employment generation and drive more people towards formalisation, said experts. “Several initiatives have been undertaken to spur employment generation in the country. He said the government needs to build on its initiatives with additional incentives. Also read: Govt’s formal job scheme may get extensionEarlier this month, the government announced that PLIs had garnered investment of Rs 1.03 lakh crore, which led to creation of about 678,000 jobs till November 2023. Mukundan, who is also the managing director of Tata Chemicals, also said the government should align its skilling initiatives with the needs of the private sector.

Source: Economic Times January 27, 2024 06:22 UTC