Govt. set up a 10 member Cabinet Committee on Employment and Skill Development

The government set up a 10-memberCabinet Committee on Employment and Skill Development on 5 June. The committee is one of two Cabinet committees that are set up to rise theeconomic growth and tackle unemployment.

Members of the committee:
The Committee will be chaired by Prime Minister Narendra Modi. 
The committee includes:
Home Minister Amit Shah 
Finance Minister Nirmala Sitharaman
Railway Minister Piyush Goyal 
Agriculture Minister Narendra Singh Tomar
Human Resource Development Minister Ramesh Pokhriyal ‘Nishank’ 
Petroleum and Natural Gas Minister Dharmendra Pradhan 
Minister Skill and Entrepreneurship Mahendra Nath Pandey 
Ministers of State Santosh Kumar Gangwar (Labour) 
Ministers of State Hardeep Singh Puri (Housing and Urban Affairs

Reason for the formation of the committee:
The committee was set up because the Employment data for 2017-18 which was released on May 31 after the Lok Sabha elections reported that the country’s unemployment rate has risen to 6.1% in the period. This is the highest in 45 years.

Fall in Gross Domestic Product (GDP):
It is expected that the committee on economic growth will prepare a road map to bring the economy back on the growth trajectory as the Gross Domestic Product (GDP) fell to 5.8% in the last quarter of 2018-19. It is the lowest since 2014. The GDP growth for 2018-19 was 6.8%, against the target of 7.2%.
The fall in growth is the result of the dip in the performance of the core sectors of the economy, as the eight core sectors recorded a growth of just 2.6 % in April, compared with 4.6% in the same month in 2018. According to the government’s data, the country’s economic growth saw the third straight fall in January-March quarter in 2019.
Note: 
The eight core sectors are coal, crude oil, natural gas, refinery products, fertilizers, steel, cement, and electricity.