A person-year is a unit of measurement for the amount of work done by an individual throughout the entire year, expressed in hours
The country's largest lender is also planning to open 300 new branches in the current financial year, as against 139 opened in Financial Year 24
These states had the highest percentage of households who availed work under the scheme in the last 10 years in proportion to the total households availing employment under the scheme
Despite declining by three percentage points in 2022-23 (FY23) compared to FY19, Odisha's unemployment rate remains higher than the average in India
The airline, which cancelled 85 flights on Thursday, is receiving help from its parent company, Air India, which is operating flights on 20 of its routes
…and achieve societal benefit, not harm
MSMEs in India are only 26 per cent as productive as large companies, in other emerging economies it is 29 per cent
The heightened demand is particularly noticeable in areas such as insurance, housing, NBFCs, and retail banking," according to TeamLease Services
iPhone maker Apple through its vendors is expected to employ over 5 lakh people in India over the next three years, according to government sources. At present Apple's vendors and suppliers employ 1.5 lakh people in India. Tata Electronics, which runs two plants for Apple, is the biggest job generator. "Apple is accelerating hiring in India. At a conservative estimate, it is going to employ five lakh people in the next three years through its vendors and components suppliers," a senior government officer told PTI. When contacted, Apple declined to comment on the projection. Apple has plans to scale up production in India by over five-fold to around USD 40 billion (about 3.32 lakh crore) in the next 4-5 years. According to market research firm Counterpoint Research, Apple led the India market with the highest revenue in 2023 for the first time, while Samsung topped the chart in terms of volume sales. The firm in its recent report said Apple surpassed the 10-million-unit mark in ..
While India's economy might be posting impressive growth numbers, employment and wages haven't kept up
If enforced, the law of Standing Orders will bureaucratise India's most dynamic sector
Meetings have already begun with the relevant ministries and government depts
Drivers of taxis, trucks, and other vehicles will be registered on the portal. Gig workers will also be registered via gig platforms
Even if humans are able to adjust to a life of leisure in the long term, the most optimistic projections of AI productivity portend massive short-run disruptions to labour markets
Policy must also focus on earnings
Why is it so hard for government action to create jobs - so much so that even high economic growth under different regimes is not good enough to change the basic picture of unemployment?
Lok Sabha elections 2024: The Congress party promises to regularise employment, raise 50% cap on reservation, end 'cess raj'
Lok Sabha elections 2024: The manifesto pledged to conduct a nationwide Socio-Economic and Caste Census to assess caste and sub-caste demographics along with their socio-economic status
Numbers so far this year are lower than in 2023
Women dominated the household unpaid category while it was own-account for men within self-employment