Chief Economic Adviser K V Subramanian on Monday said India is likely to post current account surplus in the current financial year as there is moderation in import due to under heating of the economy triggered by the COVID-19 crisis. This crisis is different from what the world witnessed during the taper tantrum, he said while addressing a virtual conference organised by industry body CII. Taper tantrum phenomenon refers to the 2013 collective reactionary response that triggered a spike in US treasury yields, after investors learned that the US Fed was slowly putting brakes on its quantitative easing (QE) program.
From May 26 onwards, the US Citizenship and Immigration Services will begin accepting applications for work visas from H-IB spouses, reports Aziz Haniffa/Rediff.com.
'We are called artists, just like the film people and dancers and actors. But there's a very little value to what we do as artists.'
Small businesses create more jobs and add to wealth creation than established large business establishments, experts opined on Monday.
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Single-brand retailers are also allowed to take e-commerce route for such trading.
There were two questions everyone wanted to know the answer to. 1. Did Raghuram Rajan advise the Congress on the much-discussed NYAY scheme, as claimed by Rahul Gandhi? 2. Will Raghuram Rajan become India's next finance minister?
IT industry body Nasscom on Thursday said the sector continues to be a net hirer of skilled talent, and that the top 5 Indian IT companies are planning to add over 96,000 employees in 2021-22. The statement comes in the backdrop of a report by Bank of America that said domestic software firms are set to slash 3 million jobs by 2022 as automation gains pace across industries, especially in the tech space. "With the evolution of technology and increasing automation, the nature of traditional IT jobs and roles will evolve overall leading to creation of newer jobs. "The industry continues to be a net hirer of skilled talent, adding 1,38,000 people in FY2021," Nasscom said in a statement.
The summit would be held from November 4-6.
The negative balance is largely on account of pending material cost for the work done under the programme during the year and even earlier.
'Our discussions with investors and the market's multiples suggest that Prime Minister Narendra Modi winning 2019 is being priced in,' says a UBS report.
'People do not want a 'maha milavat' (highly adulterated) government of those who assembled in Kolkata.'
Arnie's back, Varun shape shifts while others fight the good fight and more on OTT this week.
All guns blazing, Modi on Saturday mounted a scathing attack on the Congress over corruption, and asserted it will become "Punjab, Puducherry, Parivar" Congress after its defeat in the Karnataka assembly polls.
The ongoing key reforms such as sops for manufacturing, easier labour laws, wooing FDI inflows and privatisation will help improve productivity and support long-term growth at 7.5-8 per cent levels, which if played out well, can help India contribute 15 per cent of global GDP growth by FY2026, says a report. According to a report pencilled by the India economist at UBS Securities, Tanvee Gupta Jain, the country has the lowest manufacturing costs among peers, even though China retains significant ecosystem advantages and despite that India and Vietnam appear most likely to benefit from a shift out of China.
The Gorakhpur-based Gita Press, which is the world's largest publisher of Hindu religious texts, has declined the Rs 1 crore cash award for the Gandhi Peace Prize amid a political row over its selection for the prestigious honour.
More people using the internet for financial and e-commerce transactions has led to job creation in a niche segment. Specialists who can help deal with rising technology (tech) frauds are in high demand amid the surge in electronic transactions during the pandemic. Demand for tech fraud experts has risen upwards of 35 per cent, reveals employment and human resource services company TeamLease Services.
Addressing the Congress Working Committee meeting, she said thousands of young men and women, especially students have realised the "grave harm" that implementation of the new citizenship law will cause.
Not only has the Mudra loan mela generated no jobs, it has frittered away trillions of taxpayers' money and it's time to bury the scheme, argues Debashis Basu.
Seeking to enhance green mobility, the Union Cabinet on Wednesday approved the 'PM-eBus Sewa' scheme under which 10,000 electric buses will be provided to 169 cities under the public-private partnership (PPP) model.
'They want (the ownership and management of PSU banks) to pass into the hands of a private sector entity.' 'Ownership of these banks will go from the public sector to private sector.'
India's macroeconomic situation is certainly better than what it was a year ago, eminent economist Pinaki Chakraborty said on Monday, while expressing hope that the country will be back on the path of economic growth if there is no major third wave of the COVID-19 pandemic. In an interview with PTI, Chakraborty, who is the director of the National Institute of Public Finance and Policy (NIPFP), said that inflation may remain at an elevated level as there was a significant fiscal and monetary expansion in the last 18 months. "The current macroeconomic situation is certainly much better than what it was one year back. We are seeing recovery in most sectors," he said. Chakraborty noted that COVID-19 vaccination has been going on at a very fast rate in India.
Adapting to an inevitable digital intervention is India's only hope at beating a long-standing job crisis. To do so, focus on quality education and better skill development is fundamental, says Dr Yogesh Kumar Bhatt.
Be it automobile, health care, retail such as e-commerce, electricity or other utilities, everything will get disrupted and transformed over next 30 years.
In the recent past, Adityanath and the RSS seem to have come closer. The warmth is more on the part of the RSS. And even now, not all requests from the RSS are accommodated by the UP government, points out Aditi Phadnis.
The Indian startup ecosystem has lauded the inclusion of startups in the New Delhi Leaders' Declaration for the first time ever in the history of G20. Industry stakeholders say that the move will lead to easier access to capital, reduce regulatory hurdles, and may revive funding activity. The Declaration, through the Startup20 initiative, recognised startups as "natural engines of growth" and key to socio-economic transformation by driving innovation and creating employment.
Apple to step up investments in China, create more jobs: Cook
From the perspective of an American worker who is being displaced it does not make a difference whether he is displaced by a visa-dependent company or a non-visa-dependent company or a 50-50 company or whatever: Nasscom president.
'When something like this happens, it's just like all the weight and all the time that there was no work and the auditions were not cracking, you feel it's just worth it.'
For that to happen, Moitra's much followed speeches should be heard outside Parliament so that the PR spins of the ruling dispensation are countered with informed debate, argues Shyam G Menon.
'This was a film, a story that had never been told before.'
83% of the CEOS plan to hire more in the new year.
The Congress's revival plan says it needs to bring back into its fold Hindus repelled by the Sangh Parivar, take its message to youth and women and sections upset at curbs on their personal freedoms.
'Is a rapidly growing working-age population a prerequisite for growth or a social tinderbox?'
Uday Kotak has resigned as the managing director and chief executive officer of Kotak Mahindra Bank, the bank said in a stock exchange filing on Saturday.
Following the Budget being announced by Finance Minister Arun Jaitley, leaders across the political spectrum provided their views.
With the objective of making India a manufacturing hub for domestic and foreign companies, Prime Minister Narendra Modi on Thursday launched the 'Make in India' initiative.
This is the ninth consecutive month that the manufacturing PMI remained above the 50-point-mark.
On the other hand, jobs increased for the 10th straight month in the manufacturing sector, albeit only slightly
A reading above 50 denotes expansion while one below means contraction.
