Young earners with high incomes and few responsibilities can save more than 30 per cent, while those with low salaries and high expenses may save less.
A Parliamentary panel has asked the Ministry of Labour and Employment to use and reconcile the data and studies conducted by credible agencies with that of retirement fund body EPFO for depicting real picture of job loss in the country especially in the situation like COVID-19 pandemic. The pandemic had an impact on employment in the country as the economic activities slowed down due to lockdown restrictions imposed by central as well as states to contain the spread of deadly virus from March in 2020.
'The focus for IT companies will shift from adding scale to building a smaller, more specialised, talent pool with specific domain expertise,' says Shyamal Majumdar.
When it comes to losing a job permanently, the youngest and the oldest segments in the workforce have reported an increase in setbacks in the second wave of the pandemic, a survey of by a Fortune500 company has said. The survey, conducted in April this year, covered 2,000 persons in India. Six per cent of those over 55 years of age reported having permanently lost their job, as against 4 per cent last year. In those aged under 24, the proportion reporting a permanent job loss has increased to 11 per cent from 10 per cent in the year-ago period, the survey done by financial technology company FIS said.
India's batting coach Sitanshu Kotak is livid with the criticism that has been directed towards head coach Gautam Gambhir after India's defeat to South Africa in the opening Test.
US companies suffered the biggest job losses in more than 30 years last month, underscoring the depth of a recession that is spreading rapidly from financial centres to most parts of the global economy.
A 23-year-old Indian student, Rajyalakshmi Yarlagadda, recently graduated and seeking employment in the US, has died after suffering from a severe cough and chest pain. A GoFundMe campaign has been launched to support her family.
External affairs minister Pranab Mukherjee, who also holds charge of the finance portfolio, minister of state for industry Ashwani Kumar and several secretaries of the key economic ministries have already indicated the government may unveil significant fiscal measures to stimulate the economy reeling under the global slowdown.
In September, the 20-time English champions reported its fifth straight annual loss as it missed out on the lucrative European Champions League competition.
Even as the engineering goods sector, which has the largest share in the country's export basket, registered an export growth of 22 per cent (dollar terms) in the April-July period of this year, a recent study has revealed that the volume of exports has gone down in majority of the products manufactured by the sector, leading to job losses.
Knowledge workers and mid-career professionals in India are hopeful that artificial intelligence will positively impact their roles, even as concerns about job displacement persist, especially among younger professionals, a top official of a human capital management solutions provider has said. At a time when AI has become a critical part of an organisation's functioning, many professionals see the positive possibilities of AI.
India is on track to exceed the $4 trillion milestone in 2025-26 (FY26), surpassing the $3.9 trillion gross domestic product (GDP) mark recorded at the end of March 2025, Chief Economic Adviser (CEA) V Anantha Nageswaran said on Tuesday.
'Reviewing terms such as war, invasion, acts of foreign enemies or hostilities, which often appear in industry exclusion lists, can help avoid surprises at the time of claim.'
'10 million Indians are currently living with dementia, and the number is expected to double by 2036.'
Steve Smith cut a relaxed figure when he named the Australia team for the opening clash in his ninth and possibly final Ashes series on Thursday.
Uttar Pradesh's leading export hubs are reeling under the impact of a steep 50 per cent tariff imposed by the US on Indian imports, with exporters warning of job losses, stalled orders and shrinking market access. Industry leaders from Noida, Kanpur and Varanasi said the tariff has put years of painstaking market-building at risk, even as protests and demonstrations erupted in several districts last week.
'Every film had its challenges, but Mr India, Sadak and Gandhi were the toughest.' 'Mr India needed imagination, Sadak needed sensitivity and Gandhi demanded historical authenticity.'
At an estimated 1.9 billion in losses and over 5,000 UK organisations affected, the Jaguar Land Rover cyberattack has been labelled the most economically damaging cyber incident in UK history, exposing the deep vulnerability of interconnected supply chains.
Though the 41-year-old scored against Maldives in an international friendly, the country's all-time highest goal-scorer failed to find the back of the net in subsequent competitive fixtures for the Blue Tigers.
Lyon thump Maccabi Tel Aviv to go top, Forest keep on winning
The British auto industry is expected to witness 40,000 job losses over the next three years, mainly due to falling demand for cars, says a media report.
Harmanpreet Kaur and her team's maiden World Cup title is not just a turning point for cricket in the country but a watershed moment for Indian sports, feels women's head coach Amol Muzumdar.
If the Thackerays don't save a Marathi school in their backyard, who will, wonders Syed Firdaus Ashraf.
Reserve Bank of India (RBI)Governor Sanjay Malhotra on Friday said it was not the regulator's job to take decisions for bank boards, speaking in the context of the wide range of enabling reforms announced for lenders during the October monetary policy review, and emphasised that financial stability remained the regulator's focus.
Job crisis in US should be blamed on changing technology and not on outsourcing, said an economist.
The 100 per cent withdrawal provision and the 25 per cent minimum balance provision have led to some confusion.
Unlike most workers, the top executives have managed to keep their positions during these difficult economic times, according to an independent research firm Liberum Research, studying changes in top-management levels in listed companies.
Singh asserted that the domestic challenges of India's economy were daunting in their complexity and devastating in their impact on the society.
EMI means you've already spent tomorrow's income; SIP means you're investing today's income to secure tomorrow, explains Ramalingam Kalirajan
It should cover mandatory expenses, insurance premiums and loan installments for six months to a year.
This comes in the background of claims by the Confederation of Indian Textile Industry, an industry body, that about 700,000 jobs have been cut in the last six months. The industry lobby group has also forecast a further loss of half a million jobs in the next five months.
The textile and apparel sector is India's second-largest employment provider, after agriculture, and it is now caught in a wave of uncertainty following the Donald Trump administration's tariff policy.
Bombay Shaving Company CEO Shantanu Deshpande highlights the alarming trend of people in their 40s losing their jobs, calling it a 'financial and emotional disaster.'
'Not only jobs are not being generated, but people are also losing jobs.'
Initially, the lure of a big paycheck may feel rewarding. But, over time, professionals find themselves drifting away from family, friends and personal joys, observes Pradeep Pramanik.
Women in the UK are in danger of bearing the brunt of job losses over the next eight years, researchers claimed on Thursday.
Lakshya, the 2021 World Championships bronze medallist, eased past compatriot S Subramanian 21-14, 21-11, while Rakshitha overcame Shriyanshi Valishetty 19-21, 21-8, 21-13 in another all-Indian contest that clocked 58 minutes.
The return on investment (RoI) from technologies such as artificial intelligence (AI) will take time to materialise, and the immediate priority should be to increase spending on building governance frameworks around AI, top bank executives said.
Troubles for the textile industry, which has been grappling with financial blood-letting both in international and home markets, are likely to deepen further. While there are fears of half-a-million more job losses, exports from the sector are likely to take a hit of about Rs 15,000 crore (Rs 150 billion), according to industry estimates.
Bayer Leverkusen have sacked manager Erik ten Hag after two league games in charge, the Bundesliga club said on Monday, with the weekend draw at Werder Bremen not enough to save the Dutchman's job.
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