With automation taking place at a much faster pace across industries especially in the tech space, domestic software firms that employee over 16 million are set to slash headcounts by a massive 3 million by 2022, which will help them save a whopping $100 billion mostly in salaries annually, says a report. The domestic IT sector employs around 16 million, of them around 9 million are employed in low-skilled services and BPO roles, according to Nasscom. Of these 9 million low-skilled services and BPO roles, 30 per cent or around 3 million will be lost by 2022, principally driven by the impact of robot process automation or RPA. Roughly 0.7 million roles are expected to be replaced by RPA alone and the rest due to other technological upgrades and upskilling by the domestic IT players, while it the RPA will have the worst impact in the US with a loss of almost 1 million jobs, according to a Bank of America report on Wednesday.
The PM was also seen chit-chatting with Japanese Prime Minister Shinzo Abe, Russian Prime Minister Dmitry Medvedev and Malaysian Prime Minister Najib Razak at the reception for the leaders who have arrived in Manila for the 31st ASEAN summit and related meetings.
The week gone by has been full of drama and here we bring you all the action from the sporting field in pictures!
In the midst of a hectic campaign schedule, Modi needs to find time to meet visiting leaders and attend the East Asia Summit in the Philippines.
Usagi -- the most powerful tropical cyclone of 2013 -- swept past the Philippines and Taiwan over the weekend but saved the worst of its wrath for neighbouring Hong Kong and China.
They have named this unique cluster of virus population as 'Clade A3i' found in 41 per cent of the genome sequenced in India.
An international tribunal in the Hague has ruled in favour of the Philippines.
The Philippines' anti-graft agency has initiated an inquiry into whether the police chief broke the law by visiting the United States last week to watch boxer Manny Pacquiao's WBO welterweight victory, a spokeswoman said on Friday.
Although the Malabar is a routine exercise which has been carried out for several years now, security experts attach a lot of traction to it in view of China's assertive behaviour in the South China Sea, observes Rup Narayan Das.
Countries that have signed the RCEP agreement can start negotiations with India for joining the pact once New Delhi submits a written request stating its intention for the same, according to a declaration. On November 4 last year, India walked out of mega free trade agreement RCEP (Regional Comprehensive Economic Partnership) as negotiations failed to address New Delhi's outstanding issues and concerns. The remaining 15 member countries have signed RCEP agreement and have stated that the pact would remain open to India.
The Indian rupee is down nearly 2 per cent against the US dollar since the beginning of January 2019. Experts attribute the Indian rupee's relatively poor performance to a sharper-than-expected fall in economic growth in India.
Based on industry estimates, telecom companies, including Bharti Airtel, Reliance Jio, Vodafone Idea and BSNL, are expected to invest over $10 billion on buying 5G telecom equipment in the next five years as they transition from non-standalone networks to standalone 5G networks.
The US House of Representatives and the Senate on Tuesday passed the National Defense Authorization Act (NDAA), which included key components of Indian-American Congressman Raja Krishnamoorthi's resolution language urging the Chinese government to end its military aggression against India along the LAC.
Last year, the Philippine government had invited bids to upgrade the Mactan-Cebu International Airport, the country's second busiest airport.
Here are 10 images that prove we live in a wonderfully weird world!
During the first phase of the Vande Bharat mission, Air India and its subsidiary Air India Express are scheduled to operate a total 64 flights between May 7 and May 14 to bring 14,800 Indians from 12 countries on a payment basis.
"Built on what was a series of islands, the city's historic downtown core is particularly vulnerable," the NYT said.
Lavasa would soon be joining the Asian Development Bank as vice president
Air India passenger flights were barred from landing in Hong Kong between August 18 and August 31 after 14 passengers on its Delhi-Hong Kong flight of August 14 tested positive for COVID-19 post arrival.
Beijing now fears that the fallout of the NSG outcome could have an impact on a crucial verdict expected soon from the Permanent Court of Arbitration in The Hague in a case brought by the Philippines concerning China's territorial reclamation activities in the South China Sea.
However, the WH Press Secretary says that the right circumstances for a meeting between the two leaders does not exist right now.
Biden on Friday opened the first Quad Leaders' Summit held virtually and attended by Prime Minister Modi, Australian Prime Minister Scott Morrison and Japanese Prime Minister Yoshihide Suga.
The Quad has come of age and its agenda covering areas like vaccines, climate change and emerging technologies makes it a force for global good, Prime Minister Narendra Modi said at the first summit of the coalition. In his opening remarks, he also talked about shared values and promoting a secure, stable and prosperous Indo-Pacific.
Manny Pacquiao's camp today slammed the officials after the Filipino great lost his World Boxing Organisation welterweight title in a controversial unanimous decision to Australia's Jeff Horn.
This is 4,000 more than 2016's figure of 46,188 Indian naturalisation and 8,000 more than 42,213 Indian citizenship in 2015.
United States Secretary of State Antony Blinken has said that he had a productive meeting with visiting External Affairs Minister S Jaishankar during which they discussed the bilateral ties, COVID-19 relief efforts, India-China border situation and Afghanistan and vowed to work together to address areas of shared concern.
Kyrgyzstan goalkeeper Pavel Matiash pushed the ball into his own net five minutes into the second half to cancel out Akhlidin Israilov's first-half opener before Yu secured the points for China with a calm finish 12 minutes from time.
'India is in a slowdown which most of us have not seen in our living memory.'
Chinese state TV reported USS George Washington would pass through the "Huangyan islands", also claimed by the Philippines as Scarborough Shoal, while analysts expressed concern over the US nuclear powered super carrier passing through "Chinese waters".
Chinese officials hope the cases will come down in the coming days with more specialised hospitals being set up in Wuhan. China's ministry of science and technology said that a batch of Remdesivir, an antiviral drug, which will be put into clinical trials to test its efficiency on the novel coronavirus (2019-nCoV), is expected to arrive in China soon.
Who is the hottest of them all? Vote for your favourite Miss Universe 2015 contestant!
In his Manila speech, Kumar spoke about the current 'testing times' for journalists and common citizens.
Mavericks won the men's doubles and men's legends singles rubber, but the Slammers clinched the women's singles, mixed doubles and men's singles to come out trumps.
Read on to find out which contestants made it to the Top 10.
In another tweet, the PMO said Modi chaired a high-level meeting to review the ongoing efforts to contain the spread of coronavirus.
Police confirmed the gunman had committed suicide by setting himself on fire in one of the hotel guest rooms.
ccording to the MEA plan shared with the ministry of civil aviation that is set to begin from May 7, approximately 14,800 passengers will be evacuated from 13 different countries. F
Bank of America (BofA) Securities expects India to be the third-largest economy in the world by 2031. The economic rise could become a reality by 2028, but the Covid pandemic delayed the pace, BofA Securities economists Indranil Sen Gupta and Aastha Gudwani wrote in a report.
Fans have compared this actor's look to Marilyn Monroe. Do you agree?
