'If people want to work 90 hours, we should let them work.' 'If people want to work 30 hours, you should let them work 30 hours.' 'But they should not expect the same level of success and attention.'
'Last year, India exported more software than Saudi Arabia exported oil.' 'Last year India got $83 billion of private equity.' '50 percent of India's FDI has come in the last five years.'
'The China opportunity, the digital opportunity and the end of geography opportunity are the three pieces of luck India got due to Covid.'
Manish Sabharwal, Chairman of Teamlease Services and IIJT Education says that the current regulatory regime imposes five heavy costs on our higher education system. Read on to know what these costs are are.
Trade unions have to become much less relevant to India's future if we have to recognise that job-creation is more important than job preservation, says TeamLease CEO Manish Sabharwal.
Last year, it was not just the economy that slowed hiring. Employers were also unable to complete the verification process because of the lockdowns, resulting in delays in hiring and an increase in discrepancies between an employee's professed abilities and the reality. The experience is driving many companies to automation. In a recent EY survey, 56 per cent of the companies said they'd automated their processes, while 72 per cent felt technology could be leveraged to digitise employee records.
India's salvation lies in job creation by entrepreneurs, say Manish Sabharwal and Ashok Reddy.
Manish Sabharwal tackles 5 criticisms of demonetisation.
One solution to India's challenges of education, employment, employability lies in state governments adopting apprenticeships on a large scale.
'You can't take jobs to people, you have to take people to jobs.'
The additional cash will now give the Centre more headroom for stimulating the economy.
'We first need to acknowledge the truth.' 'We are trying to diminish the problem and say, everything is okay and green shoots are emerging.' 'Imagine you are a doctor and not getting accurate medical reports, how do you diagnose and treat the illness?' 'We are not dealing with a terminal illness here, we are dealing with BP and cholesterol, which are imminently curable.'
'There are companies that are losing and there are companies that are rising.' 'And the companies that are losing are positioning it as an economic slowdown.'
All in kind! Gujarat's model of employee benefits, as seen in the state's family-owned businesses, retains talent with a human touch.
Manish Sabharwal is chairman of TeamLease, which has helped hire 1.4 million sales and customer service reps and logistics employees such as couriers for companies across India since it was founded in 2002.
'The Indian State needs to focus on healthcare, education, infrastructure and law and order, and get out of all these regulatory cholesterols.' 'Then, India will fly.'
After assuming power in 2014 with a full majority of its own, the BJP-led NDA government started an ambitious process of reforming labour laws in the form of codes aimed at making the framework less cumbersome with a variety of alterations. It had planned four codes each for industrial relations, wages, social security and welfare, and occupational safety, health and working conditions. To this end, 35 central labour laws were to be converted into four codes that would have had the virtue of streamlining labour relations. But none of the proposed code Bills could be converted into a law principally because neither trade unions nor industry representatives came on board. They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why
More than 24 years later, case of wilful absence has finally been proven against the bureaucrat.
'There will only be an institutional solution between the board and the founders to take Infosys forward.'
'If the Indian economy formalises, industrialises, urbanises and develops human capital, 10 lakh youngsters will join the labour force every month in the next 10 years.' 'It's not a bulb that will go off; it is a sunrise.'
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
'Under-employment continues to be a very big problem.' 'What we see today is many youth who would have accepted any kind of job are not willing to accept any job.' 'They are ready to wait for a better job, one that justifies their educational qualification. 'This is one of the reasons why unemployment has risen.'
It's time we dispensed with the paper trail and shifted all labour law paper, workflows and permissions online.
Rajasthan has taken the lead on structural reforms which could help India attract business and employ a fast-growing workforce.
India must first improve working condition, then it can concentrate on Make in India concept.
Whether India can create labour-intensive factory jobs instead that it needs to put millions to work in the next few years looks very unlikely.
PM Modi's China visit may strengthen ties between both the countries.
'In this resurgent India, class is the new caste. We are shaken up only occasionally, and briefly, when a battered, tribal teenager from Jharkhand looks us in the eye from our closet,' says Shekhar Gupta.
'You will see more and more people working independently -- starting beauty parlours, driving cars, etc.' This is what we call the gig economy.' 'The same people who have been laid off in India or are unable to get visas to work in the US may be part of this gig economy.' 'India needs billions of jobs, and it can only be created by self-employment or the gig economy.'
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