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The Narendra Modi-led government has decided to set up two new Cabinet Committees — on Investment & Growth and on Employment & Skill Development.
According to official sources, once approved by President Ram Nath Kovind the committees will be notified. The process to form these two committees was initiated after a high-level meeting chaired by the Prime Minister.
The five-member Committee on Investment & Growth will be headed by the Prime Minister and have Home Minister Amit Shah, Finance Minister Nirmala Sitharaman, Transport & MSME Minister Nitin Gadkari and Railway, Commerce & Industry Minister Piyush Goyal, as members.
Committee on Skill & Development will have Agriculture & Rural Development Minister Narendra Singh Tomar, Human Resources Development Minister Ramesh Pokhriyal Nishank, Petroleum & Natural Gas as well as Steel Minister Dharmendra Pradhan, Skill Development Minister Mahendra Nath Pandey, Labour Minister Santosh Gangwar and Housing & Urban Affairs and Civil Aviation Minister Hardeep Singh Puri. The Committee will also have Shah, Sitharaman and Goyal as members. This committee will also be chaired by the PM.
The two committees are formed at a time when economic growth has hit a five-year low of 6.8 per cent. The new government also has a challenging task of reviving both investment and consumption demand. At the same time, job creation is below expectation and job survey, recently made public says that rate of unemployment is over 6 per cent which is highest in over four decades.
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