The government on Tuesday said it will allow setting up of world-class foreign universities in Gandhinagar's GIFT City, free from domestic regulations, to facilitate availability of skilled manpower in the financial services space. In addition, an international arbitration centre will be set up in the GIFT City for timely settlement of disputes under international jurisprudence, Finance Minister Nirmala Sitharaman said while presenting the Union Budget for 2022-23. The centre could be on the lines of the Singapore International Arbitration Centre, or the London Commercial Arbitration Centre.
As artificial intelligence (AI) threatens to replace jobs, a new report from Microsoft has suggested that Indian employees are caught between a fear of losing jobs and an opportunity to reduce workload by delegating tasks to technology. Microsoft's Work Trend Index 2023 found that while 74 per cent of Indian employees are worried about AI replacing their jobs, 83 per cent would delegate as much work to it as possible, to help lessen their workloads. More than three in four Indian workers would be comfortable using AI not just for administrative tasks (86 per cent), but also for analytical work (88 per cent), and for the creative aspects of their role (87 per cent).
The Tata Group-run Air India has banned smoking and consumption of intoxicating substances at the workplace and any employee violating this order will be "dealt with appropriate consequences", the airline's Chief Human Resources Officer (CHRO) Suresh Dutt Tripathi has stated. It was not clear what was the trigger for Wednesday's communique. Air India did not respond to PTI's request for statement on this matter.
A pilots' grouping of Tata group-owned Air India has approached the labour department to initiate conciliation proceedings with the airline's management to sort out various issues, including concerns over possible changes in service conditions of its members. The Indian Commercial Pilots Association (ICPA), which claims to represent around 900 pilots flying narrow-body planes of Air India, has written to the Chief Labour Commissioner (CLC) as well as Deputy CLC and Assistant Labour Commissioner in New Delhi earlier this week. Apart from service condition issues, the association has flagged that the airline's plans to hire captains for its A320 fleet on a fixed-term contract may result in an anomalous situation for the existing pilots at Air India.
The country's largest software exporter TCS on Wednesday reported a 16.83 per cent jump in its June quarter consolidated net profit to Rs 11,074 crore. The Tata Group company had reported a net profit of Rs 9,478 crore in the year-ago period and Rs 11,392 crore in the preceding quarter. Its revenue from operations increased 12.55 per cent on a year-on-year basis to Rs 59,381 crore and was marginally up from the preceding March quarter's Rs 59,162 crore.
The tribal communities, asserting their rights under the Forest Rights Act, are now planning to gather in Delhi to demand "justice" for their livelihoods and traditions that are closely linked to the forests.
The agency was allocated Rs 835.39 crore to manage its affairs in 2021-22 which was later increased to Rs 870.50 crore in the Revised Estimates given in the Budget document released Tuesday by Finance Minister Nirmala Sitharaman.
Companies should focus on hiring the right talent to mitigate business risks, says a report.
Tata Sons on Friday announced organisational changes, bringing in S Padmanabhan as the group human resources head.
While you cannot avoid the delay in payments from your customers, you must come up with new ideas on building your internal cashflow system to ensure that the cash crunch within the organisation is minimal, suggests Naval Goel.
Two pilot unions at Air India have claimed that there is a shortage of pilots to operate the airline's long-haul and ultra-long haul flights. The concerns raised by the Indian Pilots Guild (IPG) and Indian Commercial Pilots Association (ICPA) also come against the backdrop of the Tatas-owned airline recently cancelling and rescheduling certain flights to and from the North American region due to crew shortage. In a joint letter written to Air India's chief human resources officer Suresh Dutt Tripathi on December 13, the unions said, "...we cannot maintain the printed planned roster due to a shortage of pilots, as CMS (crew management system) does not have standby pilots."
Dhami is often regarded as a protg of Maharashtra Governor and former Uttarakhand chief minister Bhagat Singh Koshyari, whom he served as an Officer on Special Duty and an adviser.
TCS saw its headcount reduced by 6,333. Infosys' headcount decreased by almost 7,500, and HCLTech saw its employee numbers shrink by 2,299.
'A lot of people who quit felt they have been in the organisation for way too long and needed a better or challenging career role to advance in their careers.'
Indian IT services companies have seen several CEO changes that have, over the past few months, led to some crucial exits at the mid-senior level in a trend that is likely to continue. According to a recent Motilal Oswal report, "Movement of mid-to-senior leadership at IT services firms is a reality, partially on account of multiple CEO-level changes.
Cut down on non-essential expenses like outside food, travel expenses.
Indian economist Kalpana Kochhar, who heads the Human Resources Department of the International Monetary Fund, is leaving the organisation to join the Bill and Melinda Gates Foundation, the IMF announced on Wednesday. Kochhar, who served in various senior positions during her three decades at the IMF, will retire on July 30, it said.
The Indian Council of Medical Research is conducting three different studies to ascertain the facts regarding rising cases of cardiac arrest after the pandemic, Mandaviya said in response to a question in the Lok Sabha.
'The border deal offers a hedge for India against Trump's unpredictability when it comes to his approach to competition with China.'
Union Home Minister Amit Shah has directed all central armed police forces to compile three-year data and inform his ministry if their jawans and officers are utilising their stipulated leaves as part of his ambitious proposal that aims at allowing troops spend at least 100 days with their families in a year, officials said on Thursday.
The Reserve Bank of India (RBI) unions have decided to intensify their stir demanding revision of wages, pending since November 2017, and have called for mass casual leave of employees at the central bank on November 30. However, several sources in the RBI told Business Standard that the unions may not have to go on agitation, as the new contours of the wage pact have been almost finalised and could be announced any time. An email sent to the RBI was not answered. The United Forum of Reserve Bank Officers and Employees had deferred its agitation earlier after it was told that RBI Governor Shaktikanta Das was to hold talks with the human resource management department (HRMD).
The preventive aspect of cancer is strengthened under comprehensive primary healthcare through the Ayushman Bharat Health and Wellness Centre scheme by the promotion of wellness activities and targeted communication at the community level.
'Have a candid discussion with your management and raise your concerns,' suggests HR Guru Mayank Rautela.
Integration of workforce has been a thorny issue and a cause of litigation and strikes.
Air India on Monday announced a new compensation structure for its pilots and cabin crew, with a guaranteed flying allowance of 40 hours per month for both categories of staff. While the flying allowance has been doubled for pilots, it has been introduced for flight attendants as part of the new compensation structure. Pilots will earn an additional amount as a reward based on the number of years of service with the airline and get an allowance while undergoing training for command or conversion to another aircraft type.
rediffGURU Mayank Rautela offers suggestions on what you should do if you are moonlighting.
rediffGURU R P Yadav offers career advice on how you can improve your core skills and make the most of your talent at the workplace.
The race to the uncharted south pole of the Moon is quickening with India's Chandrayaan-3 and Russia's Luna-25 gearing up for lunar landings next week, each mission holding significant implications beyond the thrilling competition in the skies.
Tata-owned Air India has launched a Voluntary Retirement Scheme (VRS) for its employees- in the airline's first drive to reduce headcount. The salt-to-steel conglomerate acquired the carrier last year. As of November 2019, the airline had 9,426 permanent employees.
Words like 'team player', 'hard-worker,' and 'self-motivated' no longer impress employers, reveals a latest survey.
All transfers and promotions for next financial year will be decided by respective banks, not by the merged entity.
A mock drill will be held on Tuesday across a number of health facilities in several states and Union Territories to ensure their readiness to deal with any eventuality related to COVID-19, following an advisory by the Centre.
The minister plans to reinstate the Railways as the backbone of the economy
'And here I was, walking as a showstopper. I couldn't have imagined a more beautiful gift.'
Top commanders of the Army on Thursday carried out a comprehensive review of India's overall security challenges including in eastern Ladakh as well as other sensitive areas along the Line of Actual Control with China on the first day of a two-day conference, people familiar with the development said.
The commanders will also deliberate on a slew of long-pending reform measures like cutting down on ceremonial practices and non-military activities to ensure a rational distribution of resources, they said.
In view of Omicron variant of COVID-19, the Centre on Friday urged the private health sector to be ready as it has to play an important role in managing the pandemic.
The Appraisal Season is on. Here's how to best approach it...
In a bid to promote the ambitious 'Swachh Bharat Abhiyan' (Clean India Mission), Human Resource Development Minister Smriti Irani made a surprise visit to a government school in Delhi and participated in a cleaning drive.
