After rationalising flights and routes, major domestic airlines like Kingfisher, Jet Airways and SpiceJet are introducing sharp cutbacks in staff and salaries to cope with slower passenger growth and rising aviation turbine fuel costs. Manpower typically accounts for 10-15 per cent of an airline's total costs.
Ficci Secretary-General Amit Mitra said this new not-for-profit organisation had been set up to improve the availability of skilled manpower in India and Ficci had picked a 10 per cent stake in this company for Rs 51 lakh. The Skills Development Corporation itself is empowered with a corpus of Rs 1,000 crore. A Ficci representative will also be on the board of this company.
Jet Airways is working on a plan that will entail a reduction in flight duty hours of its unconfirmed cabin crew (that will reduce their take-home salary), withdrawing some perks and downgrading entitlements like hotels as part of a package to reduce manpower costs. Perks on the block include a weight allowance (given to cabin crew if they maintain a certain body weight) and allowances for staying abroad amongst others.
"We will continue to hire people as our growing business demands manpower," CMD Kiran Mazumdar Shaw told reporters while announcing the company's half-yearly results.
Uttarakhand's Kumaon hills are setting new standards in dirt and poor solid waste management, sys Anjuli Bhargava.
India's advertising industry is facing a serious manpower shortage, especially on the creative side of the business. Pressure on agencies' earnings has affected salary hikes, creating an opportunity for the burgeoning entertainment sector (TV and films) to poach on the limited talent pool. The shortage is mostly among the junior and mid-level executives. In advertising, money for creative people does not start flowing in till they are two to three years into the profession.
The troubled financial services major Citigroup's deal to sell its brokerage unit to Morgan Stanley is expected to bring about $4 billion tax revenue to the US government.
'The more emphatic denial of any proposal for an OIC foreign ministers meet in Islamabad appears aimed at keeping Pakistan on a leash,' notes Lieutenant General Syed Ata Hasnain (retd).
Irked by constant intimidation of its workforce by agitating party workers, the company had yesterday evacuated the manpower from Singur. "There has been no improvement in the ground situation so far, hence the conditions are still not conducive for resuming work today," a Tata Motors spokesperson said. "We continue to assess the situation closely," he said.
The EC currently follows a system of random counting of VVPAT slips in one polling booth per assembly segment of a Parliamentary or assembly constituency.
One more option of sourcing funds is to obtain a loan against your assets, for example, a loan against property is especially useful for such purposes.
Oil Minister Dharmendra Pradhan said the new timing of the price change was agreeable to the dealers and so daily price revision will be implemented from June 16
XLRI Jamshedpur, School of Business and Human Resources, has drawn up a number of courses this financial year for companies to help combat attrition rate across industries. These are expected to help managers and senior-level executives, especially HR personnel and team-leaders, to understand ways to retain employees and manage teams effectively.
Sanand plant exported 78,930 cars. The one at Chennai exported 79,539 units of EcoSport model
Majority of the revenue for the Indian IT industry continues to come from low value addition jobs like manpower provisioning and low-end support services, Modi said in Bangalore at the ICT event Bangalore IT.biz. Modi stressed that the IT industry has to reinvent itself, must focus on innovations, and on systems rather than being comfortable with services.
The survey 'Relocating For Work', conducted by Manpower Middle East said that with the region growing as a popular destination for workers, the UAE was rated sixth among the top 10 preferred destinations, a leading gulf daily reported. Besides, for workers already based in West Asia, UAE has been ranked as the first choice while, Qatar, Saudi Arabia and Bahrain are ranked fifth, eighth and ninth respectively.
India may soon lose its slot as the world's largest talent supplier to China.
Indians at large harbour a notion that their country is cherrypicking out of the American basket of goodies, but the policymakers in Delhi and the political leadership are well aware that it can only be a pipe dream since a military alliance with a superpower is a profound irrevocable commitment, observes Ambassador M K Bhadrakumar.
Around 11,500 ingredients have been put on the website for the public opinion.
Truth be acknowledged, Rajinikanth is not known for wanting to leave his comfort zone to take the politico-electoral plunge, even if it meant his becoming the chief minister of a state that has conferred Tamil cinema's superstardom on him over the past 25 years. Today, his fans belong to the younger generation all right, but their numbers are far fewer than their counterparts in the '90s. They are not devoid of personal ambitions and agendas, unlike what Rajinikanh wants them to be, if he and they were to enter politics, says N Sathiya Moorthy.
A 24-year-old woman has been pulled out alive from the wreckage of a building in Nepal, 128 hours after a deadly 7.9-magnitude tremblor devastated the Himalayan nation.
Most major carriers -- barring Deccan (which has a August-September financial year) and Kingfisher airlines -- do not agree on the figure. Hitesh Patel, executive vice-president, Kingfisher, said, "We have not yet decided on our increments but will follow the industry benchmarks."
A memorandum of understanding to this effect was signed on Thursday in Penang between Romli Bin Hj Hassan, director general of Malaysia's human resources ministry and G Raghavan, president, NIIT Global Individual Learning Business.
It will all future appointments for gazetted and non-gazetted posts on contractual basis for the first seven years
It's a blessing in disguise, of sorts. Indian companies, which had to face a huge attrition problem over the last few years, can finally breathe easy. HR analysts said the economic slowdown is expected to reduce the attrition rates across industries, at least for the next two quarters.
Leading players realise that the best way to source the skilled manpower required to fuel their ambitious growth plans is to develop it themselves by working with leading education institutes.
The average expenditure of pharmaceutical companies on research and development has increased four times in the last five years.
Ford is among several multinational automobile companies in India for whom exports now bring bigger volumes than local sales.
Indian carriers can pass on some of the reduction in cost due to the dramatic fall in aviation turbine fuel prices to customers without taking a major hit on their bottomlines. Airlines have also cut costs on a variety of areas, including manpower and distribution, while increasing the fares steeply.
Having already witnessed a job cut of around seven lakhs so far in the year, the textile industry may see a further reduction in manpower by five lakhs, given in a decline in business by 1.5 per cent.
It said while Indian IT services companies were the "disruptors" and had created the modern offshoring industry, they are now incumbents, challenged by a host of specialised and niche start-ups that have emerged in the new digital environment.
Amid concerns over lesser number of students taking up science as a career, a new study has shown that while the percentage of students taking up pure sciences remained static at 21, there was a 17 per cent increase in job opportunities in the field.
The defence and aerospace sectors have seen at least over Rs 10,000 crore worth of MoUs being signed during the summit.
'People have been flying for years on the basis of a police clearance and an airport entry pass.' 'Then they came out with a convoluted thing -- that your police clearance must be from your place of residence.' 'Now if a pilot is sitting in Delhi but is from Timbuktoo, the papers will have to come from there.' 'So at any point, you have a certain number of pilots sitting on the ground because his AEP has expired and the papers haven't come.' Revealed: India's bizarre processes to get pilots to fly planes.
The ministry of manpower published a list of 3,497 Indians in a newspaper asking them to cooperate with authorities to facilitate their repatriation, failing which they will have to pay a fine and face legal action as well. In November last year, following a request from the Indian embassy, the Oman government had agreed to allow illegally residing Indians to leave the country without paying any fines but subject to normal checking of their antecedents.
Not only is Chinese equipment being deployed by quite a few power companies in the country, Chinese manpower is also employed in large numbers in the country.
Mamata set 6 conditions for the state government to withdraw their four-day-long stir.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances