Turning jobseekers into job-givers is an important goal of the government and many steps have been taken in recent years to achieve this objective, said Chief Economic Adviser V Anantha Nageswaran. "It relieves pressure on the job market. In terms of financing, the credit guarantee scheme that was launched during Covid, and continued until this year, has done a wonderful job in ensuring that the MSME space remains vibrant," he said at an event organised by Bharatiya Yuva Shakti Trust (BYST) here on Wednesday. Citing a study, he said the unified payments interface is helping create a credit eco-system, as it provides information to banks about the granular behaviour of nano-entrepreneurs. This information flow will encourage banks to increase their lending because the credit footprints created will help them take key financial decisions, he said. "In the 202324 Budget, the government made a very important announcement: those small entrepreneurs who want to claim deductible business
Asserting that good infrastructure spurs growth in all sectors, Union Railways Minister Ashwini Vaishnaw on Saturday said Prime Minister Narendra Modi has created employment opportunities for youth and also a framework to promote startups in the country. The Vande Bharat, airports, ports modernisation, highways, and expressways, among other projects are examples of how infrastructure would make a difference in people's life, he noted. "After graduation, you will join some stream of economic activity where infrastructure plays a very big difference. If you have good infrastructure in the country, then the shipping industry and other sectors, too, develop," the Minister said while speaking at the 19th convocation of SRM Institute of Science and Technology, here. He said the Modi-government has ensured development across all sectors. Ten years ago the country imported electronics products but today 98 percent of the electronic components were made in India. And Tamil Nadu contributed .
Job insecurity is a growing concern for workers worldwide, and in India 47 per cent of employees do not feel secure in their positions, says a survey. According to the ADP Research Institute's People at Work 2023: A Global Workforce View report, a concerning 47 per cent of employees in India do not feel secure in their positions. "Workers are bound to be worried about their jobs in these volatile and uncertain economic times, especially in light of recent reports of large-scale job losses at prominent corporations and the alleged threat of AI to human employment," said Rahul Goyal, MD, ADP. Across markets, feelings of job insecurity are highest among the young. According to a survey of over 32,000 workers, half of Gen Z (18-24 year-olds) said they do not feel secure in their jobs. This is double the proportion of over 55-year-olds who say the same. Goyal further noted that "many businesses continue to have serious problems finding and keeping talent, so the situation may not be as
White-collar hiring in India witnessed 3 per cent decline in June as sectors such as IT, Retail, BPO, Education, FMCG and Insurance also showed cautious hiring sentiments, a report said on Monday. According to the Naukri JobSpeak Index, on a year-on-year basis, June witnessed a 3 per cent decline with 2,795 job postings compared to 2,878 in June 2022. On a month-on-month basis, the job postings fell by 2 per cent. The Naukri JobSpeak is a monthly Index representing the state of the Indian job market & hiring activity based on new job listings and job-related searches by recruiters on the resume database of Naukri.com. "The white collar job market of India is witnessing a structural shift. For a long time, jobs in the tech sector and in top metros were the key drivers of white collar job growth. "Of late, jobs in the emerging sectors such as real estate, oil and gas, pharma and BFSI have emerged as significant contributors to job growth," Naukri.com Chief Business Officer Pawan ...
State-owned schools are focusing on making students more employable for the high-tech industries that the government is hoping to attract
Prime Minister Narendra Modi on Tuesday hit out at "dynastic" political parties for promoting "nepotism and corruption" in recruitment to government jobs, and said while such parties "looted" youth with their "rate cards" for various posts, his government is working to "safeguard" their bright future. Addressing the newly-recruited government employees after distributing appointment letters to over 70,000 people, he said dynastic parties had betrayed the youth by encouraging corruption and nepotism in the recruitment process. Recruitment process earlier used to take one to one-and-a-half years, but now it gets over in a few months transparently, he said. "We have seen how dynastic political parties promoted nepotism and corruption in all systems. When it came to government jobs, these parties encouraged nepotism and corruption. These dynastic parties have betrayed crores of youth," he said without naming any party. In 2014, when our government came, transparency came and nepotism i
Jobs and professional networking platform Apna.co on Friday said it has signed an agreement with the Directorate General Resettlement (DGR), under the Department of Ex Servicemen Welfare, to help ex-servicemen in their transition from military to civilian life. Under the Memorandum of Understanding (MoU), Apna.co will offer ex-servicemen complimentary access to its platform, connecting them with hyperlocal career opportunities tailored to their respective regions, the company said in a statement. "We are delighted to announce our strategic collaboration with the Directorate General Resettlement, as it aligns perfectly with our mission of empowering individuals through meaningful employment opportunities. By bridging the gap and connecting ex-servicemen with hyperlocal career opportunities, we aspire to support their transition into civilian life," Apna founder and CEO Nirmit Parikh said. DGR, working under the guidance of the defence ministry, is dedicated to the resettlement of ...
As many as 321 people from six of the eight Northeastern states on Tuesday received appointment letters, during a Rozgar Mela' held in Nagaland, for jobs in six ministries and Assam Rifles. Union Minister of Social Justice and Empowerment Pratima Bhowmik distributed the appointment letters to the new recruits at the common Rozgar Mela' held in Imliyanger Memorial Centre (IMC) here. Since Prime Minister Narendra Modi gives priority to empowerment of women, 67 women were among the 321 newly inducted employees, Bhowmik said. The Union minister said that the Prime Minister had said last year that the government will provide jobs to youths in a systematic manner. It is the promise of the Prime Minister to provide jobs to youths and make India atmanirbhar' and vishwaguru' by 2047, she said, urging the youngsters to work hard and contribute towards nation-building to achieve this feat. Of the new appointees, over 50 people were from Nagaland. The common Rozgar Mela' was held for Arunach
In a first in the country, the Kerala government on Monday launched a welfare fund for Mahatma Gandhi Rural Employment Guarantee Scheme (MGNREGS) workers in the State. Launching the initiative, Chief Minister Pinarayi Vijayan said the workers who have completed the age of 60 will be entitled for pension under the fund which will also provide financial assistance for medical treatment, education, marriage, among other benefits. He said 27 lakh people in the State depend on the MGNREGS and the Left government intends to make use of the scheme for the social development of Kerala. In a Facebook post, Vijayan said the workers need to pay a nominal monthly amount of Rs 50 as contribution to the fund and the government will also contribute an equal amount. He said for those who have paid the contributions for ten or more years, their families will get the benefits in case of beneficiary's death. The welfare fund has been formed as per the Kerala Employment Guarantee Workers' Welfare Fund
Leading internet company Info Edge (India) Ltd's blue-collar recruitment portal JobHai.com on Tuesday announced a collaboration with YuWaah at UNICEF to provide better employment opportunities to skilled young people in India. The partnership between Job Hai and YuWaah aims to provide better salary jobs for the youth locally, a statement said. Over a lakh of MSME recruiters and job providers have already used this platform for their hiring needs. Delhi, Bengaluru, Mumbai and Hyderabad have accounted for nearly 50 per cent of blue-collar jobs in recent years, and Job Hai offers significant opportunities to such aspirants in these cities. "With this coalition, we also look forward to making a significant impact on the lives of young people and connecting them with employment opportunities in accordance with their interests and ambitions," said Dhuwarakha Sriram, Chief of Generation Unlimited India, Youth Development and Partnerships at UNICEF. The application is already available in
The Uttarakhand government led by Chief Minister Pushkar Singh Dhami decided to start 'Chief Minister's Skill Upgradation and Global Employment Scheme'
Among male workers in Karnataka, only 26.8 per cent receive regular wages, as compared to 37.4 per cent in Gujarat, 33.6 per cent in Tamil Nadu and 32.6 per cent in Maharashtra
Gujarat Minister of State for Panchayat Bachubhai Khabad on Wednesday said his department will recruit as many as 10,000 employees through direct recruitment in the next two years. Khabad was addressing an event at the Mahatma Mandir convention centre in Gandhinagar where 1,760 youngsters, who were recently selected as multipurpose health workers, were handed over appointment letters. Panchayat employees play a crucial role in delivering government schemes and benefits to each and every citizen. These 1,760 youngsters who received appointment letters today were selected in a very transparent manner by the Gujarat Panchayat Service Selection Board. In the next two years, the Panchayat department will recruit 10,000 employees, said Khabad. At the event, Gujarat Energy and Finance Minister Kanubhai Desai handed over the appointment letters in the presence of Khabad, Health Minister Rushikesh Patel and other dignitaries, said an official release. Desai said the Gujarat government has .
The central government is in "mission mode" to fill up job vacancies across its various ministries and the next edition of the Rozgar Mela will be held on May 16 across 22 states, officials said here. The employment drive will see Prime Minister Narendra Modi distribute over 70,000 appointment letters to new recruits via video-conferencing, they added. The prime minister had launched the Rozgar Mela scheme in October last year. The May 16 edition of the drive will be held at 45 centres. This would also commemorate the day when the BJP-led National Democratic Alliance (NDA) won the general elections in 2014, according to them. The officials further said that the process of recruitment is likely to be sped up in the coming days as the government, which came to power in 2019, is in the final year of its tenure. The first Rozgar Mela was held on October 22, 2022, and appointment certificates were handed over to 75,000 new recruits. The second fair was held on November 22, 2022, and abo
Presenting a hopeful picture, the report underlines that optimism about the next five years in the workplace continues to remain high at 87%
Rajasthan Chief Minister Ashok Gehlot on Friday said the state has emerged as a leader in employment generation for the youth. Addressing a 'Mega Job Fair' in Ajmer, he said around one-and-a-half lakh government jobs have been given so far and processes are underway for more. "There is no dearth of talent among the youths of Rajasthan and to provide employment opportunities to them, it has been announced in the budget to organise 100 'Mega Job Fairs' across the state," Gehlot said. He said the 'Mega Job Fair' would be successful only when big industries and investors come to the state. "The policies and schemes of the state government have created a suitable environment for investment in the state," Gehlot said.
This is the lowest number of new subscribers joining the EPF, since May 2021, when only 649,618 new subscribers had subscribed to the fund
iPhone maker Apple is likely to double the employment base at its contract manufacturers in India to around 2 lakh soon, according to government sources. As per the sources, Apple CEO Tim Cook has sought government support to widen its components supplier base in India. "Apple has created 1 lakh employment in India. Based on the discussions, we feel that they will double employment base very soon," a government source said. Cook has long-term policy stability to foster investments in the country, as per the source. "He has also asked support to skill Indian manpower to suit the company's requirement," one of the sources said. The government has offered Apple to define skill set, and it will support them in facilitating it.
New establishments registered dipped 51.7% from January