The government has made it mandatory for unemployed educated youth to register with the employment exchange to create a database.
India's current account deficit declined sharply to 1 per cent of the GDP or $8.3 billion in the second quarter of this financial year, mainly due to lower merchandise trade deficit and growth in services exports, according to a RBI data released on Tuesday. The current account deficit (CAD), which represents the difference between the total amount of money sent abroad and money received from overseas across the economy, was 3.8 per cent of GDP or $30.9 billion in the July-September quarter in 2022-23. CAD was $9.2 billion or 1.1 per cent of GDP in the first quarter (April-June) of the current financial year 2023-24.
As the number of students seeking higher education abroad continues to rise, several countries are implementing new rules. Gaurav Batra, CEO and founder of Infinite Group highlights how these changes will impact Indians who are planning to study abroad.
'The Indian private sector knows how to build and run educational organisations, what is needed is a large dose of removal of restrictions.' 'Government restrictions hold back universities in India from launching medical schools,' argue Ajay Shah and Vijay Kelkar.
When I asked Krishna Gopal Sengupta, who had travelled through Bangladesh from Chittagong to Petrapole if the interim government had made any impact at ground level, he said, "it's been only a couple of days. They will need some time." Shyam G Menon reports from Petrapole, India's entry point with Bangladesh.
Quoting officials, The Washington Post said, the foiled assassination was part of an escalating campaign of aggression by RAW against the Indian diaspora in Asia, Europe and North America.
Soma Ravi, an Indian caregiver in Ramat Gan, recounts the last 4 days in Israel and says the Indian embassy has been in constant touch.
rediffGURUS Ashwini Dasgupta, Kanchan Rai and Rajesh Nair offer important career advice.
'What's sad today is that there are so many people who cannot find work, not because the country is devoid of that opportunity, but because we are not doing enough in the country.'
Rajeev Chandrasekhar outlined his ideas to turn Thiruvananthapuram not only into a hub for higher education, but also a knowledge city, points out Ambassador T P Sreenivasan.
The Centre will invest around Rs 200 crore over five years for the exploration and development of these mines.
Getting US citizenship will in no way affect your right of being able to own or hold the agricultural land in India.
The migration of domestically developed intellectual property to foreign corporations within India reflects an anomaly in the demand pattern of the country's job market, points out Kanika Datta.
Stocks of public sector undertakings (PSUs) have been on fire in the past year as investors cheered an improvement in key operating metrics and embraced counters of these state-owned enterprises, analysts suggest. The S&P BSE PSU Index has gained over 90 per cent in the past year, rising much higher than the S&P BSE Sensex, which has rose nearly 19 per cent during this period, according to ACE Equity data. The BSE PSU Index, reports show, has delivered a compound annual growth rate (CAGR) of 28 per cent (including dividends reinvestments) over five years and risen by almost 60 per cent in the past year.
Saudi police has said she was suffering from "mental disturbances" and tried to flee her sponsor's house.
In a move that will benefit a significantly large number of Indian technology professionals, the US is set to begin a pilot programme for domestic renewal of certain categories of H-1B visas in December. The H-1B visa is a non-immigrant visa that allows US companies to employ foreign workers in speciality occupations that require theoretical or technical expertise. Technology companies depend on it to hire tens of thousands of employees each year from countries like India and China.
We have millions of newbie investors who are clueless about how to handle sudden and severe adverse market reactions, which arrive from time to time, observes Debashis Basu.
'Cummins is not surprised at how fast the landscape is changing and told Fox Sports: " ... there's going to be other opportunities that are going to be really hard for players to say no to, different franchises around the world. I think realistically we've got to manage players a bit differently to what we have in the past.'
In the first such collaboration for India, the country's flagship payments platform, the Unified Payments Interface (UPI), and Singapore's PayNow payment system have launched a real-time cross-border payment linkage system. The linkage, which was launched by Prime Minister (PM) Narendra Modi and Singapore's PM Lee Hsien Loong on Tuesday, was kicked off by a live cross-border transaction between Reserve Bank of India Governor Shaktikanta Das and Monetary Authority of Singapore managing director Ravi Menon, using mobile phones.
The NTAGI has recommended that those who need to travel overseas can take the precaution dose of Covid vaccine as required by the country they are travelling to, before the stipulated nine-month waiting period, sources told PTI.
India's current account deficit narrowed to $1.3 billion or 0.2 per cent of GDP in the January-March quarter of FY23, mainly due to moderation in the trade deficit and a robust increase in services exports, RBI data showed on Tuesday. However, for the 2022-23 fiscal, the current account balance recorded a deficit of 2 per cent of GDP compared to 1.2 per cent in 2021-22. "India's current account deficit (CAD) decreased to $1.3 billion (0.2 per cent of GDP) in Q4:2022-23 from $16.8 billion (2.0 per cent of GDP) in Q3:2022-231, and $13.4 billion (1.6 per cent of GDP) a year ago [Q4:2021-22]," as per the RBI's 'Developments in India's Balance of Payments during the Fourth Quarter (January-March) of 2022-23'.
Here are list of some of the big ticket announcements.
'They have since only tried to improve systems. Also, with regulatory guidance from time to time, we are in a position to assess a situation and react in time.'
Indian information technology firms continue to be accused of misusing H1B and L1 visas and depriving the US youth of employment opportunities. However, these very IT firms are increasingly hiring locals from foreign countries.
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.
As India's diplomatic tensions with the Land of the Maple Leaf escalate, so do the anxieties of countless Punjabis.
...the BJP's template of operation was different or if the Centre and the state were ruled by dissimilar parties? asks Shyam G Menon.
'My wife, family members as well as members of the workers will be trustees.' 'The trust will take all decisions -- no family member can individually take any decision.'
The US is 'putting every ounce of its energy' to eliminate the long visa wait time in India, including sending a cadre of consular officers to the country and opening up its other overseas embassies as far away as Germany and Thailand for Indian visa applicants, according to a senior US visa officer. India was one of the very few countries where applications for US visas saw a major upswing after coronavirus-related travel restrictions were lifted. There have been growing concerns in India over the long waiting period for first time visa applicants, especially for those applying under B1 (business) and B2 (tourist) categories.
'Markets are not expensive; they are fairly priced.'
In one of the first surveys of homegrown companies that are expanding globally, human resource consultancy firm Mercer has identified the latest international assignment policies for managing a globally mobile group of employees and the challenges faced by employers. "Some of the most common challenges faced by employers of international assignees are those regarding competitiveness of expatriate packages, issues with different tax structures and of overall cost containment.
A pregnant Sri Lankan woman, who had been in a queue for two days to obtain a passport to leave the crisis-hit country for employment overseas, went into labour while waiting for her turn on Thursday and delivered a baby girl.
Such is Argentina's passion for soccer, that the World Cup remains a priority for some, despite a sluggish economy, painful inflation estimated to hit 100% this year and currency controls that push up the price of travelling overseas.
The future belongs to the young; not the old, asserts Shyam G Menon.
Working while studying is an incredible way to build your professional network, learn hands-on experience, and understand the global working environment, suggests Ajay Sharma, president and founder, Abhinav Immigration Services.
The Congress slammed Ravi Shankar Prasad, accusing him of distorting, twisting and lying "with a straight face".
In the age of robots and automation, skills such as people management, coordination and negotiations will be relevant, says Babita Shekhar.
Exporters on Thursday demanded fiscal incentives, tweaking in customs duties on certain products and credit at affordable rates in the forthcoming Budget to boost exports and create jobs. In a pre-budget virtual meeting with Finance Minister Nirmala Sitharaman, the Federation of Indian Export Organisations (FIEO) said the depreciation of the rupee against the US dollar is affecting exports' competitiveness and the sector requires more support. "Creation of employment is the biggest challenge faced by the country...We would urge the government to provide fiscal support to units which provide additional employment in the export sector," the exporter's body said.
Ariyippu drives home the point that nothing can force you to leave the path of righteousness, discovers Utkarsh Mishra.
No tax clearance required for overseas jobs
