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.
The price of aviation turbine fuel has increased by 50 per cent since January and the situation has adversely impacted IndiGo, its CEO Ronojoy Dutta said on Wednesday. He said the government should bring aviation turbine fuel (ATF) under the Goods and Services Tax (GST) and make flying affordable for consumers and viable for airlines. IndiGo is India's largest airline and with around 55 per cent share in the domestic passenger market.
Real Madrid said their participation in the tournament was never in question.
'We are going to need more technical people in government.' 'You can't expect a generalist to understand the complicated world of financial engineering.' 'I regret to say that most of our politicians have no competence to deal with these things. Nor is there a willingness to learn.'
We must work in the direction of an innovation and technology driven economy which could boost up creation of jobs and open advanced and newer avenues of employment within the country.
Our caste warriors will not even ask these questions, let alone explore better solutions to address the problems of inequality and skewed life outcomes, argues R Jagannathan.
The Union government could target a fiscal deficit of 5.8-6 per cent of nominal GDP for 2023-24, and it should continue its capital expenditure push and look to simplify the personal income tax regime, economists recommended Finance Minister Nirmala Sitharaman and her team during their pre-Budget interaction on Monday. Starting last week, Sitharaman had eight pre-Budget consultations this time. More than 110 invitees representing seven stakeholder groups participated in these meetings, the finance ministry said in a statement. The stakeholder groups included representatives and experts from agriculture and agro-processing industry; industry, infrastructure & climate change; financial sector and capital markets; services and trade; social sector; trade unions and labour organisations; and economists.
In signs of sluggishness in the labour market, hiring activities declined in May as employers remained cautious tracking macro economic conditions.
SBI data shows the per-capita payouts for scheme have shot up this year.
The UK steel industry is struggling for survival in the face of extremely challenging market conditions.
'Nitish does not want to talk about development, unemployment, education, health infrastructure and poverty'
India's services sector output growth touched a three-month high in November as business inflows rose markedly amid accommodative demand conditions, a monthly survey said on Monday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 55.1 in October to 56.4 in November, indicating a sharp increase in output that was the quickest in three months even amid higher operating expenses. Survey participants linked the latest expansion to demand strength, successful marketing and a sustained upturn in sales.
The Union Budget's focus on capital expenditure is expected to crowd-in private investment and push the GDP growth rate close to 7 per cent in the next financial year beginning April 1, said a Reserve Bank article on 'State of the Economy'. In 2023-24, capital expenditure is budgeted at Rs 10 lakh crore which will constitute 3.3 per cent of GDP. "We believe that India will decouple from macroeconomic projections of current vintage and also from the rest of the world.
'What happens in the real estate market is that once the prices go up it goes on to stay at that level.' 'It might not increase and at the same time the prices will not come down too.'
Instead of announcing new schemes, focus will be on those already announced and key sectors.
The government is by far the largest employer; job security is guaranteed for government employees, and their wages are set through once-in-10-year Pay Commission.
If you are an expert in programming languages, statistics and algebra, then a career in AI and ML is worth a shot in 2021.
Growth in India is expected to slow to 6.3 per cent in FY 2023/24 (April-March), a 0.3 percentage point downward revision from January, the World Bank said Tuesday but noted there is an unexpected resilience in private consumption and investment and robust growth in the services. The World Bank made these points in its latest edition of Global Economic Prospects according to which global growth is projected to decelerate from 3.1 per cent in 2022 to 2.1 per cent in 2023. In Emerging Markets and Developing Economies (EMDEs) other than China, growth is set to slow to 2.9 per cent this year from 4.1 per cent last year. These forecasts reflect broad-based downgrades.
The rupee had gained 2 paise to close at 67.37 on Friday.
Amazon Prime Video has announced a huge number of assorted Web series and movies, and the slate sure looks interesting.
A reading above 50 means the sector is expanding, while a reading below 50 means contraction.
Falling economic growth, fewer job opportunities call for a smart response to handle your finances well. Here's how you can make a small beginning.
The Goa CM knows running a coalition government while pursuing a development agenda will require a fine balancing act.
Moody's Investors Service on Thursday upped India growth forecast to (-) 10.6 per cent for the current fiscal, from its earlier estimate of (-) 11.5 per cent, saying the latest stimulus prioritises manufacturing and job creation, and focuses on longer-term growth. Last week the government had announced a new fiscal package amounting to Rs 2.7 lakh crore. Moody's said the latest measures aim to increase the competitiveness of India's manufacturing sector and create jobs, while supporting infrastructure investment, credit availability and stressed sectors.
US President Barack Obama has proposed to establish a new minimum tax on foreign earnings while repealing benefits for outsourcing jobs overseas and providing new incentives for bringing jobs back home.
At close, the Sensex was up 184 points at 25,580 and the Nifty added 71 points to end the day at 7,654. Earlier in the day, the Sensex had hit a high of 25,645.
Jitendra Chouksey from Pune tells Rediff.com's A Ganesh Nadar what he would like to see in Finance Minister Nirmala Sitharaman's Budget.
"Why did Congress oppose creation of Uttarakhand as a state? Those who cannot think well of the people here, how can they govern?" Prime Minister Modi said while addressing an election rally.
'Healthcare is not an industry.' 'The government is only encouraging insurance as they are not able to provide healthcare to people.' 'Opening new medical colleges is not what is needed.' 'You have to invest in public sector hospitals.' 'You cannot hand over healthcare to the private industry.'
'I want us not to underestimate Indian voters. They can tell good work from bad.'
The UK on Thursday (local time) closed Tier 1 Investor visa route to all new applicants from all nationalities with immediate effect over security concerns. Home Office took the action as the route failed to deliver for the UK people and gave opportunities for corrupt elites to access the UK. UK Home Secretary, Priti Patel took decisive action with immediate effect.
Stalin, like his father M Karunanidhi did in 2004, may play the king-maker in a way -- not the king, unless the 2024 post-poll circumstances throws up a situation where he alone becomes acceptable to the rest, observes N Sathiya Moorthy.
Vietnam-based electric vehicle maker VinFast, a rival of Tesla in the global market, has set foot in India and began work on building its Rs 16,000 crore EV manufacturing facility at Thoothukudi in Tamil Nadu. The company has already sought a reduction in import duties on its cars for about two years until customers get familiar with the brand and its unit in the state. The global major kicked off the construction of the first phase of its integrated EV hub, which may see Rs 4,000 crore of investment initially and will create more than 10,000 jobs.
One popular strategy is to hire contract workers.
43 months after Modi's election promise that his government would create 10 million jobs, the reality does not paint a pretty picture, warns Shyamal Majumdar.
Rituparna Chakraborty, co-founder and EVP, TeamLease Services explains which sectors will contribute to India's growth story.
The application accuses Hasina and others of orchestrating a violent crackdown on student protestors, resulting in widespread casualties and human rights violations.
India needs significantly more domestic wherewithal to achieve and sustain the stated objective of 7-9 per cent growth.
The President in his address to the joint sitting of Parliament unveiled the policies and priorities of the BJP - led NDA government which assumed power last month after elections to the 16th Lok Sabha.
Prices of automobiles, including cars, sports utility vehicles and two-wheelers, are set to come down with Finance Minister P Chidambaram announcing a reduction in excise duty in the Interim Budget.
