The first-ever meeting of Labour Ministers from G-20 countries, including India, that began here on Wednesday has stressed on the need to create new jobs and preservation of the existing ones as the working class across the globe are among most hit by the current global economic crisis.
Mukherjee said country's institutions must become magnets for talent by shifting from "brain drain" to "brain rain"
India's private sector activity saw a significant recovery in April, driven primarily by robust growth in manufacturing output and sales, following a three-year low in March attributed to the West Asia conflict.
AI-driven job disruption, rising debt, shrinking savings and a changing global economy are reshaping India's middle class. Saurabh Mukherjea discusses jobs, entrepreneurship, investing and the future of India's economic growth on THE REDIFF PODCAST.
The government must realise that it has very little time to recover itself, its reputation, its legacy - and India's fortunes,says Mihir S Sharma.
ServiceNow Vice Chairman Nick Tzitzon highlights India's potential to develop an AI-native government model, emphasising enhanced public services, data privacy, and economic growth.
Fresh formal job creation declined sequentially for a third straight month in February to fall to a 21-month low, signaling pressure in the employment market. These are the findings from the latest payroll data released by the Employee Provident Fund Organisation (EPFO) on Thursday. The number of new monthly subscribers under the Employees' Provident Fund (EPF) declined 10 per cent sequentially to 738,052 in February from 819,659 in January.
Finance Minister Arun Jaitley did a balancing act in the Union Budget 2015.
Behind the aesthetics of an entrepreneurial lifestyle lies a silent financial crisis that nobody is talking about: Freelancers are sprinting toward a retirement brick wall.
Haryana Chief Minister Nayab Singh Saini has accused the opposition of misleading farmers regarding crop procurement, assuring that all produce will be purchased and that the government is addressing any difficulties in grain markets.
Leaders from several opposition parties within the INDIA bloc convened in New Delhi, stressing the critical need for unity to safeguard democratic values and address pressing issues like people's livelihoods, despite recent internal differences and electoral setbacks.
Ajay Kela, CEO of Wadhwani Foundation, highlights India's significant opportunity to lead in the diffusion of technology, creating national-scale use cases that reach millions of end-users. He also discusses the role of deep-tech startups and SMEs in job creation and the importance of upskilling initiatives.
Actor-politician Vijay's TVK party is likely to form the government, bringing focus to their election promises, including gold for marriage, financial assistance for women, and job creation.
Amazon has launched its next-generation Proteus robot in European fulfilment centres to assist employees with physically demanding tasks. This initiative is part of a broader 10 billion euro investment to modernise operations and create 25,000 new jobs, with Proteus using natural language commands for seamless human-robot collaboration.
T C A Anant, former chief statistician to the government, will soon be heading a panel to decide whether the monthly payroll data released by EPFO, ESIC and PFRDA could replace the quarterly enterprises-based survey on job creation by the labour bureau, the prime minister's office decided last week.
Minions & Monsters entertains with its cinematic nostalgia baits, even if it never quite escapes the franchise's familiar storytelling flaws.
The proposed facility seeks to simplify and speed up PF withdrawals by allowing Employees' Provident Fund Organisation (EPFO) subscribers to access up to 75 per cent of their balance through ATMs and UPI-based systems, while retaining at least 25 per cent in their accounts.
India's services sector growth rose to a two-month high of 58.5 in January, on faster expansion in new business intake and output, prompting service providers to hire additional staff, a monthly survey said on Wednesday.
Congress leader Rahul Gandhi criticised Prime Minister Narendra Modi and West Bengal Chief Minister Mamata Banerjee, accusing them of prioritising the wealthy over the poor and failing to create job opportunities.
Fresh formal job creation cooled for the second consecutive month to decline to a six-month low in September, signalling a downturn in the labour markets this financial year. The number of new monthly subscribers under the Employees' Provident Fund (EPF) declined by 6.45 per cent to 891,583 in September from 953,092 in August, shows the latest payroll data released by the Employees' Provident Fund Organisation (EPFO). Besides, the net payroll additions -- calculated by taking into account the number of new subscribers, the number of exits, and the return of old subscribers -- increased by 14.9 per cent to 1.72 million in September from 1.49 million in August.
With many companies coming to Gujarat to set up their units, it is necessary to have adequate skilled manpower.
Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said. Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees' Provident Fund Organisation (EPFO)-registered establishment taking new employees would get this subsidy.
Gautam Adani emphasised the importance of energy security and digital infrastructure in shaping geopolitical power, urging India to develop sovereign capabilities across the AI value chain.
Rahul Gandhi accuses Mamata Banerjee of not directly fighting the BJP, alleging that this indirect approach benefits the ruling party. He also criticised her government's performance on job creation and handling of corruption.
Union Minister Dharmendra Pradhan has accused the TMC government in West Bengal of diverting central funds for party activities and destroying the state's education system. He also criticised the teacher recruitment process and expressed confidence in the BJP's victory in the upcoming assembly polls.
In November alone businesses created 314,000 new jobs, Obama said.
To turn disruption into opportunity, NITI Aayog has recommended the launch of a National AI Talent Mission to make India the AI workforce capital of the world.
India's manufacturing sector experienced a mild recovery in April, with the HSBC India Manufacturing Purchasing Managers' Index (PMI) rising to 54.7 from 53.9 in March. However, inflationary pressures intensified, with input costs increasing at the fastest pace since August 2022, largely attributed to the Middle East conflict.
The inauguration of Noida International Airport (NIA) is set to significantly increase property values in micro-markets along the Yamuna Expressway, with projections indicating a 28 per cent rise for plots and 22 per cent for apartments over the next two years, according to Colliers.
Hiring demand strongest in ecommerce, tech startups, healthcare, and energy sectors, with Bengaluru, Hyderabad, and Pune leading.
'The trade deficit in some sectors is huge and that is an area of opportunity to localise.'
Andhra Pradesh Chief Minister N Chandrababu Naidu laid the foundation for a USD 15 billion Google Artificial Intelligence data centre near Visakhapatnam, calling it a 'growth engine for India' and Asia's biggest such facility.
The Centre has notified draft rules for the Viksit Bharat - Guarantee for Rozgar and Ajeevika Mission (Gramin) Act, 2025, outlining the framework for the new rural employment programme replacing MGNREGA. The draft rules are open for public feedback until June 21, 2026.
Stock market investors are expecting a balanced Budget with a focus on job creation, increased spending on infrastructure, reigning in the deficit, and bringing the economy back on track, experts said on Wednesday. Stock markets have been subdued in the run-up to the Union Budget with BSE's benchmark Sensex is almost flat so far this month. Even the corporate earning season failed to excite the markets, while some indices like IT and bankex have seen some positive movements.
The processes that create a seven per cent-plus GDP growth rate without a similar growth in jobs are far from fully understood, says Ajit Balakrishnan.
Senior TMC leader Abhishek Banerjee criticises Union Home Minister Amit Shah over infiltration, terror attacks, and unfulfilled job promises, questioning the BJP's governance record.
'There are new job roles that are emerging because of AI.'
In the latest Rediff series exploring non-traditional careers, Sandeep Goel, professor and dean-research at MDI, Gurgaon lists a range of high-growth finance careers beyond CA, CS, and MBA degrees.
If West Bengal does not begin to reclaim its lost pride, the state would have lost -- perhaps irreversibly, this time, notes Vice Admiral Biswajit Dasgupta (retd).
