The number of jobs created by Brazil, China, Russia, India, China investors in Europe increased by 8 per cent in 2011, with India and China together accounting as the largest players for 95 per cent of job creation and 82 per cent of projects in the continent, Ernst & Young's 10th annual European Attractiveness Survey released on Wednesday says.
Massive restrictions on legal immigration - including restricting immigrants who contribute to medicine, science, and research in the United States, and who are working to develop treatments for coronavirus and other deadly diseases - will not only hinder efforts to save lives, but prevent job creation and hurt American economy as the country struggles to recover.
Every rupee spent by the IT-ITeS sector (on domestically-sourced goods and services) translates into a total output of Rs 2 in the economy.
After taking benefit of the scheme, jobs increased by around 11 mn in establishments that took loans.
'Both campuses and talent should brace for a low-velocity campus hiring season that might extend into the off-campus period.'
The services sector growth in India rose to a three-month high in December supported by favourable economic conditions and positive demand trends, a monthly survey said on Friday. The seasonally adjusted HSBC India Services PMI Business Activity Index rose from 56.9 in November to 59 in December, highlighting a sharp increase in output that was the most pronounced since September. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction.
Modi asks states to focus on job creation.
Accelerating quantity and quality of entrepreneurship towards benchmarks from high-performing countries and Indian states can create over 30 million women-owned enterprises, of which 12 million can generate employment, a joint report by Bain & Company and Google said.
The country will need policies with focus on unorganised sectors, employing 94-98 per cent of the workforce, the National Commission for Enterprises in the Unorganised Sector said in its report submitted to Prime Minister Dr Manmohan Singh on Thursday. It said without changing basic policies "we shall have to wait till about 2017 for a near full-employment situation, only if our economy grows at 9 per cent (on) average.
Hospitality players want the government to accord infrastructure status to hotels to make investments on new properties more attractive rather than categorising them as luxury or even 'sin goods' in the upcoming Union Budget considering the sector's potential to play a key role in India's growth. They also want the government to consider incentives in the form of tax breaks or subsidies for adopting sustainable and eco-friendly practices, while asserting that the upcoming budget must accelerate the tourism agenda saying it is an opportunity to make Indian hospitality the emerging engine for GDP growth and employment generation.
'If you consider only demonetisation and GST as my government's work, it will be a big injustice to me.'
The welfare schemes of the government, particularly Lakshmir Bhandar, have had a major impact on the electoral outcome.
Yadav claimed that his boss Nitish Kumar, with whom he took oath the day before, has issued instructions to the officials concerned to accord "top priority" to job creation.
'I would want people to have food on their tables and their wages to rise.' 'Will that happen or not is the question that we need to ask and answer.'
'I am shocked that the BJP makes so many commitments. What did they deliver as the NDA?'
Let the governments do what they are doing, let the government do diplomacy but everyone knows that in the long term, Canada's strategic interest and India's strategic interest are absolutely aligned," the high commissioner said.
Despite the towering image of BRS supremo and Chief Minister K Chandrashekar Rao, along with the party's extensive grassroots network and welfare programmes, the perceived inaccessibility of its leaders contributed to the growing anti-incumbency sentiments.
In the jobs created in 2022, the share of those in the age group 18-25 increased to at least a five-year high of 56 per cent. A Business Standard analysis of the monthly Employees' Provident Fund Organisation (EPFO) payroll data shows in 2018 the share of youths among the new EPFO subscribers was 50.9 per cent. The National Statistical Office is releasing the monthly EPFO payroll data since April 2018 as part of the government's effort to track formal-sector employment by using payrolls as an instrument.
Chief executive officers (CEOs) across sectors have expressed intentions to expand capacities, expecting the government's target to invest a record Rs 11.11 trillion on infrastructure development will act as a catalyst for a jump in consumer demand. "With the government planning a capex of Rs 11.11 trillion, private sector investment will come in a big way. Companies will be preparing for it right from today," H M Bangur, chairman of Shree Cement, told Business Standard. For the past few years, the investment scene in India has been dominated by government capital expenditures; private investments in the manufacturing sector have remained muted.
Job creation was mentioned 13 times in the BJP's 2014 election manifesto, yoga only twice. Has yoga taken precedence over jobs for the Modi Sarkar, asks Syed Firdaus Ashraf.
This appears to be a common refrain in Uttar Pradesh's Lakhimpur Kheri Lok Sabha constituency where farmers want better prices for their produce and respite from the stray cattle menace and others want political leaders to talk about job creation instead of issues like the Ram temple and Article 370.
The services sector growth in India rose to a 13-year high in September on sharp increase in new business amid strong demand conditions, and job numbers continued to increase as overall business mood improved, a monthly survey said on Thursday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 60.1 in August to 61 in September, signalling a sharp upturn in output. In Purchasing Managers' Index (PMI) parlance, a print above 50 means expansion while a score below 50 denotes contraction.
The demand for white-collar gig roles saw an 11 per cent uptick year-on-year in March, amid muted hiring across industries due to global headwinds and job cuts, according to a recent report. The month saw white-collar hiring in India rise 2 per cent in terms of job posting activity compared to the same period the previous year, according to the report by staffing portal foundit.in (formerly Monster APAC and ME). Sectors such as retail, telecom, and Travel and Tourism saw the biggest growth in demand on an annual basis.
Prospects are grim for many, as humans and organisations aren't keeping up with the pace of technology. Shyamal Majumdar ponders the future of employment.
India has its share of both large tech companies and large national laboratories, but why is it that these don't seem to be at the forefront of any innovation news headlines? asks Ajit Balakrishnan.
The finance minister continues to be backed by the same policy team in charting out the broad strategy as in the few earlier Budgets.
Factors such as anti-incumbency, voter fatigue, and dissatisfaction among the youth contributed mainly to the poor showing of Bharat Rashtra Samithi in the Telangana legislative assembly election on Sunday.
Over 100 Indian institutions offer semiconductor design curricula, but hardly any of them focuses on manufacturing and process technology, a top official from global memory and storage major Micron Technology said on Thursday. There is significant global demand for such chip engineers, its president and chief executive Sanjay Mehrotra said at the 10th Vibrant Gujarat Global Summit in Gandhinagar. "While more than 100 Indian institutions provide a semiconductor design curriculum, hardly any focus on semiconductor manufacturing and process technology.
'Netanyahu lured Trump into a trap by enticing him with a seductive scenario of massive lucrative business in Gaza's reconstruction.' 'Trump's imagination is running riot, completely disconnected from ground realities,' asserts Ambassador M K Bhadrakumar.
India's services sector activity witnessed a sharp upturn in August on the back of stronger gains in new business, ongoing improvements in demand conditions and job creation, a monthly survey said on Monday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from July's four-month low of 55.5 to 57.2 in August, amid a quicker upturn in business activity and the sharpest rise in employment for over 14 years. For the thirteenth straight month, the services sector witnessed an expansion in output.
The impact of Trump's announcement of increasing import tariffs will have negligible benefit for India not because of companies trying to shift from China to other countries or their supply chains being affected due to their Chinese operations but because of our faulty policies, explains Mudit Jain.
The earlier ambiguity over bifurcation of the state had affected the real estate business.
Airbus Helicopters will partner with the Tata Group to establish a final assembly line for helicopters in the country, a development that will help in boosting indigenous manufacturing activities. This will be the second final assembly line that will be built by Airbus in India after the 'Make in India' C295 military aircraft manufacturing facility in Gujarat. The Final Assembly Line (FAL) will produce Airbus H125 helicopters from its civil range for India and for exporting to some of the neighbouring countries, Airbus Helicopter said in a statement.
'Election funding needs a little more transparency.'
The finance ministry will kick-start the exercise to prepare the annual Budget for 2023-24 from October 10, in the backdrop of revival of the Indian economy and fears of recession in developed countries. The budget for the next year will have to address critical issues of high inflation, job creation, boosting demand, and putting the economy on a sustained 8 per cent-plus growth path. On Wednesday, finance minister Nirmala Sitharaman said inflation is no longer "red-lettered" and the priority for the government now is job creation and boosting growth.
The climate for 'doing business' remains forbidding, taxtortion is still rife, corruption at state and district levels has increased, oil prices remain extortive with high taxation, and the continued red tape has kept the enterprise system as stifled as before, points out Debashis Basu.
Ask rediffGURU and PF and MF expert Janak Patel your mutual fund and personal finance-related questions.
The political crisis arose in Himachal Pradesh during the recently held polling for the Rajya Sabha elections as nine MLAs, including six Congress rebels and three independents, voted in favour of BJP candidate Harsh Mahajan.
He also said automation, machine-learning, artificial intelligence and bots are happening, both in the software and business process outsourcing sector
A comprehensive solution involves a complete overhaul of our education and training model.
