Posts in category

Employment


The latest National Sample Survey Office (NSSO) report reveals that unemployment has risen to a record 6.1% in 2017-18, almost triple the 2.2% in 2011-12. NSSO claims this is partly due to a change in methodology giving more weight to educated people, who have always had higher unemployment rates than illiterates. Separately, Centre for Monitoring Indian Economy …

The United States had another giant month of job creation in April, affirming the strength of the world’s largest economy as President Donald Trump prepares to fend off challengers in next year’s election. Government data showed continued vigor in the vast services sector, with unemployment falling to a level not seen since 1969, assisting allay …

U.S.-based 7-Eleven Inc. anticipates to open its first branded store in India this year, after reaching a deal with Future Retail Ltd to run the chain in the Asian nation. Future Retail, which promotes local retail chains such as Food Hall and Nilgiris, plans to set up 7-Eleven stores from scratch and convert some of …

Hope Urjit Patel and team ‘have a spine’, show PM Modi his place Rahul Gandhi on RBI Board meet

Addressing a fresh salvo at the Prime Minister Narendra Modi, Congress president Rahul Gandhi on Saturday alleged that the government “did not want to accept” that there was a “job crisis” in the country, and said the Prime Minister should hold discussions with the youth to fire up the matter. During an interaction — Shiksha: DashaAur …

The Enforcement Directorate (ED) is investigating the IL&FS Employee Welfare Trust (EWT) over possible irregularities, elongating its probe into alleged money laundering related to subsidiaries of Infrastructure Leasing & Financial Services (IL&FS). “As much as 13.64% shareholding of IL&FS is held by the employee trust, of which the principal beneficiaries are the senior management of IL&FS, including its former …

  Notwithstanding the growing adoption of automation, 76 percent of employers in India plan to increase or maintain their headcount, while the global figure stands at 87 percent, says a report. As per a ManpowerGroup report, companies that are digitizing are growing, and that growth is producing more and new kinds of jobs. Organizations that …

Troubled Infrastructure Leasing & Financial Services (IL&FS) is looking to appoint an auditor to look into its books for the last five years, said people with direct knowledge of the issue. The role of EY, Deloitte, and KPMG — that audited the group and its subsidiaries by their Indian affiliates, SR Batliboi& Co, Deloitte Haskins …

With a goal to send out a strong political message ahead of the General Elections, the Narendra Modi government is getting set enforce the 10% quota for the economically weak in minority educational universities which were not part of the Bill passed recently in Parliament, sources told ET Now. “The issue is likely to be …

Government jobs are growing less. The lure of 10% additional quota in employment, currently offered by the Centre through a constitutional amendment, will have little meaning with the strength of the central government, which is the biggest employer in the country, has decreased by over 75,000 since 2014. The number of central staff, as per …

The surge in export demand for cotton yarn during the initial few months of the present financial year has helped the domestic spinners record a healthy recovery from the multi-year low profitability reported during FY2018 amid multiple headwinds, according to an Icra report released on Monday. Even though exports have commenced normalizing and cotton prices …

A day after the BJP-led government announced 10 percent reservation in jobs and education for the economically weaker area in the general category, Mayawati helped the move but called it an “election stunt and political gimmick”. Akhilesh Yadav’s Samajwadi Party also backed the move but demanded more quota for Other Backward Classes (OBCs). The big …

Approx 40 lakh government workers in Uttar Pradesh will go on strike from February 6, said Harikishor Tiwari, convenor of the old pension restoration forum. The strike, which is being held ahead of the Lok Sabha polls, is helped by many worker organizations, Mr. Tiwari added. The workers are demanding to restore the old pension …