Page 6 - Employment

India known as best place to invest and manufacture in: Piyush Goyal

''PLI has been a big boost to manufacturing in India, and we can hope to see a lot of activity and creation of jobs in the days to come"

Odisha govt okays Rs 45K cr investment proposals, promises 36K employment

CM Manjhi had set a target of attracting industrial investments to the tune of Rs 2.5 lakh crores in the coming 5 years

Labour ministry to move Cabinet note on ELI schemes, says Mandaviya

Union Labour Minister Mansukh Mandaviya on Tuesday said the ministry will move a Cabinet note on the employment-linked incentive (ELI) scheme announced in the Union Budget 2024-25 in July. The minister emphasised upon the importance of a robust mechanism to ensure that the benefits of the ELI Scheme reach the true beneficiaries. "The ministry is finalising a Cabinet note on ELI scheme and it will be soon placed before the Cabinet for approval," he told reporters here. The ELI Scheme aims to create over 2 crore jobs in the country in a period of 2 years. This will significantly contribute to increasing employment opportunities and enhancing livelihood. Three schemes for 'Employment Linked Incentive' were announced in Union Budget 2024-25 as part of the Prime Minister's package of five schemes and initiatives to facilitate employment, skilling and other opportunities for 4.1 crore youth over a 5-year period with a central outlay of Rs. 2 lakh crore. Finance Minister Nirmala Sitharam

Wide gap in literacy, employment figures for Andhra Dalit sub-groups

The Supreme Court on August 1 allowed states to create sub-categories in reservations. In this first of a three-part series, Business Standard looks at Andhra Pradesh

BSmart HR Conclave: Need to make internship scheme mandatory, say experts

Automation, AI, and digitisation are not limited to a particular sector and while jobs have evolved, skillsets haven't

Trade unions divided over the new employment linked incentive schemes

Labour ministry said that the ELI schemes have been designed to encourage businesses to generate more employment as well as to provide meaningful and sustainable jobs for the youth of the country

UP govt to provide 200k jobs over next two years, says CM Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath Thursday said the state government plans to provide 2,00,000 government jobs over the next two years, according to an official statement. Speaking at an employment and loan fair at BIT College here, he emphasised that employment opportunities have become more inclusive, highlighting that previously, youths from western Uttar Pradesh were "often excluded" from such opportunities. CM Adityanath announced that the state government will provide government jobs to two lakh youth in the next two years, according to the statement. "Starting Friday, the recruitment process for over 60,000 police positions will begin across the state," Adityanath said. He urged local youths to actively participate in the upcoming job openings, asserting that no one would question their capabilities. He also warned that "any attempt to jeopardize the future of the youth would result in severe consequences", including imprisonment and confiscation of assets, accor

Binance Holdings to hire 1,000 people as compliance spending tops $200 mn

Chief Executive Officer Richard Teng, who is visiting the US to talk to monitors and officials, outlined the employment goals for the world's largest crypto trading platform

Adopt supportive, empathetic approach towards MSMEs: RBI dy guv to lenders

Reserve Bank Deputy Governor Swaminathan J has asked financial institutions to adopt a more sensitive and empathetic approach towards MSMEs, and deploy supportive measures like restructuring options for loans, to support the sector which plays a key role in the economy. In a speech at the Annual Day of the Foreign Exchange Dealers Association of India (FEDAI) here, the deputy governor said MSMEs face challenges like access to affordable finance, delayed payments, infrastructure bottlenecks, and requirements of compliance, among others. The journey of India's economic transformation cannot be complete without the robust development of the MSME sector. "MSMEs are not just the backbone of our economy, they are the engines of growth, innovation, and employment," he said at the event held on Wednesday. However, for these enterprises to truly thrive and scale up, the financial sector must step up with innovative solutions, sensitivity, and a forward-looking approach, Swaminathan said. "

Capgemini, SAP tie up to provide skill training to 8,000 persons over 3 yrs

French information technology (IT) services and consulting company Capgemini on Wednesday said it has collaborated with SAP Labs to launch the Capgemini-SAP Digital Academy programme to provide employment-linked skill training to 8,000 marginalised youth in India over the next three years. "We are delighted to collaborate with SAP and make a contribution towards the advancement of India's digital economy through the upskilling of its youth. Through the Capgemini-SAP Digital Academy programme, we are not only providing skills but also creating pathways for sustainable careers and livelihood while at the same time nurturing the skilled talent India needs to grow," Capgemini India CEO Ashwin Yardi said in a statement. Over the next three years, Capgemini and SAP will jointly invest and pool resources, expertise, and networks to support this initiative aimed at bridging the digital skills gap for more than 8,000 individuals, who are part of India's marginalised youth. "By joining forces

Over 58% of blue-collar jobs pay less than Rs 20,000 per month: Report

Majority of blue-collar jobs in India pay within the salary range of Rs 20,000 or less per month, suggesting that a substantial portion of the workforce is grappling with financial strain, struggling to meet essential needs such as housing, healthcare, and education, a report has said. Over 57.63 per cent of blue-collar jobs fall within the salary range of Rs 20,000 or less per month, indicating that many workers earn close to the minimum wage, tech-enabled blue collar recruitment platform WorkIndia said in a report. In addition, the report revealed that about 29.34 per cent of blue-collar jobs are in the moderate earning bracket, with salaries ranging from Rs 20,000-40,000 per month. Workers falling under this category, experience marginally improved financial security but are far from achieving a comfortable standard of living, it said. The income in this range may cover necessities but it leaves little room for savings or investments, which highlights the economic vulnerability

Plugging the gap: Will upgrading 1,000 ITIs solve the skilling challenge?

As India upgrades 1,000 ITIs under a new government initiative, questions remain about whether these efforts will be enough to address the skill gap and improve employability among the youth

Turn of the intern: Can India Inc absorb 10 million interns over 5 years?

Experts observe that the main challenge with the scheme lies in the absorption capacity of India Inc, rather than its financial impact on the companies' profit and loss accounts

India's youth are in demand for employment in world: LS speaker Om Birla

Lok Sabha Speaker Om Birla on Saturday said that India's youth are in demand for employment in the world. He noted that population of youth is decreasing and that of old is rising in both developing and developed countries. Birla, the MP from Kota, was speaking at an event organized by Kota Grain and Seeds Merchant Association here to felicitate and welcome him after his re-election. Birla said that during his foreign visits and meeting with his foreign counterparts, he found India's youth are in biggest demand for employment in the world. Recounting his meeting with his counterpart from Japan, Birla said, "The Speaker from Japan claimed in a meeting that he could provide employment to more than 50,000 youths in Japan and in their industries in India." He pointed out that youth population is decreasing while that of old is increasing both in developing and developed countries and that makes demand for youth from India for employment. Since knowledge of the foreign languages is ..

Creating employment

Budget takes an untested approach to job creation

Right to livelihood: Job creation gets Budget boost with incentives

Only those employers that hire 50 non-EPFO-enrolled workers, or 25 per cent of its previous year's EPFO employees, will be eligible

Budget 2024 to provide Rs 1.48 trn for education, employment and skilling

In her record seventh Budget speech, Sitharaman said that the Budget would focus on employment, skilling, micro, small and medium enterprises (MSMEs), and the middle class

Apprenticeship framework must provide flexibility in work hours: Eco Survey

Such reform and better compensation will improve employability of vocational students, it says

Employment generation is 'real bottom line' for private sector: Eco Survey

The Economic Survey notes that businesses have an obligation to themselves to strike the right balance between deployment of capital and deployment of labour

Tech transforms CIO roles into CDIOs; over 33% rise in hiring, study claims

There has been a 33 per cent increase in the hiring and the creation of posts of chief digital and information officers (CDIOs) in the recent past following rapid advancements in technology, according to a study. The spike has been triggered by the transformation of the roles of chief information officers (CIOs) into those of CDIOs, it said. The study is based on WalkWater's analysis drawn from a survey among profiles of 310 CIOs and CDIOs across 272 companies. In the landscape of modern business, the role of CIOs has undergone a profound evolution, transforming into what is now widely recognised as the CDIO, a study by executive search firms WalkWater Talent Advisors has revealed. "One in three companies studied has recently established or filled the CDIO role, underscoring its growing importance in today's business landscape," the study added. It noted that the emergence of CDIOs signifies a shift towards not just managing technology but strategically leveraging it to drive busi