Job Creation

Modi govt gave 1.5 times more jobs to youths than UPA: Union Minister

Union Minister Harsh Malhotra handed over appointment letters to 258 candidates during Rozgar Mela here on Saturday. This fair is part of PM Narendra Modi's nationwide initiative, where similar events across 47 locations benefited over 51,000 youths. Speaking on the occasion, Malhotra, the Union Minister of State for Corporate Affairs, Road Transport and Highways, said the central government led by Prime Minister Narendra Modi provided 1.5 times more jobs to youths than the previous UPA government. "Prime Minister Modi has distributed more than 51,000 appointment letters to newly appointed youth in various government departments and organisations through video conferencing," Malhotra said. Malhotra participated in the Rozgar Mela' organised at the Institute of Minerals and Materials Technology (IIMT). The Rozgar Mela, which started in 2012, today marks its 15th edition. "So far, more than 10 lakh youths have been provided employment through the job fairs," he added.

PM Modi urges stakeholders to invest in people, innovation to create jobs

Prime Minister Narendra Modi on Wednesday urged all stakeholders to come together and invest in people for skill development, nurturing talent and promoting innovation which are essential for job creation and boosting the economy. Participating in post-Budget webinar on employment, Modi said the government has provided skill training to 3 crore youth since 2014 and decided to upgrade 1,000 ITIs and set up five centres of excellence. He stated that capacity building and talent nurturing act as a foundation stone for national development and in the next phase of growth, greater investment in these sectors is essential. "The vision of 'investment in people' stands on three pillars -- education, healthcare, and skill development," he said adding that today, India's education system is undergoing a transformation. All stakeholders must come forward, as they are key to the success of the Indian economy, he said. The prime minister said India is the fastest-growing major economy in the w

Jobs portal Apna signs MoU with MP govt to contribute 100,000 jobs annually

Jobs and professional networking platform Apna.co has signed a Memorandum of Understanding (MoU) with the Directorate of Employment, Government of Madhya Pradesh, at the Invest Madhya Pradesh Summit to drive large-scale employment generation and workforce empowerment across the state and generate 1 lakh job opportunities. The partnership with Directorate of Employment, Department of Technical Education, Skill Development, and Employment would create 1 lakh job opportunities annually, spanning diverse sectors such as retail, BFSI, IT, manufacturing, logistics, and healthcare, Apna.co said in a release. The MoU was signed in the presence of Inder Singh Parmar, Minister of State for School Education, and Gautam Tetwal, Minister of State for Skill Development and Employment. "Through this collaboration, millions of job seekers across Madhya Pradesh will gain free access to a diverse range of job opportunities through Apna," it said. It further said that the initiative offers a targeted

Gautam Adani pledges to invest Rs 1.1 trn across sectors in Madhya Pradesh

Global Investors' Summit 2025: The Adani Group plans to fund projects in pumped storage, cement, mining, smart meters, and thermal energy, aiming to create over 1,20,000 jobs in Madhya Pradesh by 2030

Krones to build Rs 315 cr manufacturing plant in Karnataka, create 550 jobs

German-based packaging and bottling machine manufacturer Krones has begun setting up its Rs 315 crore bottling machine manufacturing plant in Vemagal, Kolar district. The groundbreaking ceremony was held on Thursday by Karnataka's Minister for Large and Medium Industries, M B Patil. This project is part of the Rs 10.27 lakh crore investment proposals signed during the recently concluded Global Investors Meet (GIM)Invest Karnataka 2025, according to a release from the Minister's office. Patil emphasised that the government's focus is on realising investment projects, and Krones' decision to set up its plant is a testament to this commitment, the release said. Ahead of GIM, Patil led a delegation to Germany in December last year, where he held discussions with Krones representatives and signed a preliminary Memorandum of Understanding at the company's headquarters in Neutraubling. The upcoming Rs 315 crore plant is expected to generate 550 jobs. Speaking at the event, Patil highlig

Why Walmart is cutting scores of jobs, relocating employees to main offices

Last year, Walmart instructed employees in Dallas, Atlanta, and Toronto to relocate to larger hubs, with most transitioning to the company's headquarters in Bentonville

Inclusive Budget to create jobs, boost agriculture and MSME growth

Given the importance of logistics, mobility and tourism for the economy, the government has further announced 120 new destinations under the UDAN scheme and 50 new tourist destinations

Budget 2025: Modi govt to seek to revive growth, ease cost of living

Economists expect the budget to ease the burden on individuals through tax cuts on income and energy products and to build on the $24 billion programme of job creation schemes

Budget2025: Invest in infra, startup, EdTech to create jobs, say experts

The government should provide investments and incentives in infrastructure, hospitality, startup ecosystem, EdTech and MSME sectors in the General Budget to boost employment and skill development, say industry experts. Finance Minister Nirmala Sitharaman will present the General Budget 2025 in the Lok Sabha on February 1. On expectations from the forthcoming budget, Noormahal Group CMD Manbeer Choudhary said the hospitality sector in India plays a crucial role in job creation and is one of the largest contributors to the economy. The Union Budget 2025 could be pivotal in enhancing the industry and significantly contributing to the vision of a USD 3 trillion tourism GDP by 2047, he added. Choudhary stated that one of the longing demands is granting industry status to the hospitality sector, as this recognition could lead to improved access to finance, regularised policies, and a more strategic approach to tourism development. The special allocation for infrastructure development, .

172 mn jobs created during 2014-24; 46 mn in FY24: Mansukh Mandaviya

He also highlighted that there has been tremendous growth in youth employment and a reduction in unemployment rates, as evidenced by the latest PLFS

Formal sector new hirings drops 20.8% in Oct, EPF additions hit 7-month low

"The increase in female member additions is indicative of a broader shift towards a more inclusive and diverse workforce"

Job creation slows in unincorporated sector in 2023-24: NSO report

This is according to the latest factsheet titled 'Annual Survey of Unincorporated Sector Enterprises (ASUSE)' released by the National Statistical Office (NSO) on Tuesday

Karnataka govt approves 9 industrial projects worth Rs 9,823 crore

The Karanataka government on Monday approved nine industrial projects with a total investment of Rs 9,823.31 crore, which are expected to create approximately 5,605 jobs. The projects were approved at the 64th meeting of the State High Level Clearance Committee (SHLCC), headed by Karnataka Chief Minister Siddaramaiah. While three of these are new investment proposals, the remaining six involve expansions or amendments to existing plans. According to an official statement, the approved new projects include DN Solutions India Private Limited's Rs 998 crore investment at the ITIR, Devanahalli, expected to create 467 jobs; Silectric Semiconductor Manufacturing Private Limited's Rs 3,425.60 crore project at Kochanahalli, Mysuru, aimed at generating 460 jobs; and Sansera Engineering Limited's Rs 2,150 crore project at Harohalli, which is estimated to create 3,500 jobs. The six expansion or amended projects with total investments worth Rs 3249. 71 crore is expected to create 1178 ...

Indian investments creating jobs for Americans as well: Eric Garcetti

Our collaboration has also led to some new pinnacles of economic integration. And the stats speak for themselves, said Garcetti

AIFs can play critical role in job creation: Former Sebi chief Sinha

Former Sebi chairman U K Sinha on Tuesday said alternative investment funds can play a crucial role in helping the economy meet the challenge of job creation. The career bureaucrat who served as the Sebi chairman for six years said there are other challenges confronting the economy as well, but singled out jobs as a critical function where AIFs can be of help. "Going by many of the macro data that we have, there are problems in our economy today, for example on employment generation," Sinha said while addressing a CII event on AIFs here. "The AIF industry does not exist for itself. It has to serve a larger purpose," said Sinha, who is widely credited to have played an important part in the AIF industry by introducing regulations on the aspect during his tenure as the Sebi chief. He said the AIF industry, which has invested around Rs 5 lakh crore as of now, reminds him of the mutual fund industry of 2012. The AMCs had Rs 6 lakh crore of assets under management and were also facing

Indian tourism sector to double to $523 years in 10 years: WTTC chief

The Indian tourism sector is expected to double in size to USD 523 billion in the next 10 years, according to World Travel and Tourism Council (WTTC) President and CEO Julia Simpson. WTTC works with governments on issues of the travel and tourism industry, and is the global authority on the economic and social contribution of the sector. The travel and tourism sector employs 45 million people in India, and is going to double in its value. In 10 years, the sector is going to be worth USD 523 billion in India, more than double the present size of USD 256 billion, Simpson told PTI in an interview. In 10 years, the tourism sector in India will be providing jobs to 63 million people, she said. India is one of the most beautiful and amazing countries in the world, Simpson said. Tourists and visitors across the centuries have been attracted to its shores and wonderful cities. India continues to welcome the world with open arms and the Indian hospitality is incredible, she added. Tourism

Here's how India is sacrificing its growth and why it needs to stop

In the absence of meaningful private investment and job creation, India is slipping back into its pre-Covid-19 rut, and its economic czars are once again publicly refusing to acknowledge the slowdown

Services PMI falls marginally to 58.4 in Nov, job creation improves

Business confidence leads to 'hiring surge' as input costs rise to the 'greatest extent' in 15 months

New cottage and rural industries policy to create 1.2 mn jobs in Gujarat

The Gujarat government announced on Wednesday its new cottage and rural industries policy, offering higher loans and subsidies to artisans and entrepreneurs to set up units in the state. Minister of Cottage Industries Balwantsinh Rajput, who unveiled the policy in Gandhinagar, said it will facilitate the creation of nearly 12 lakh jobs over five years. The new policy was introduced after the five-year validity of the previous scheme ended, an official release said. The New Cottage Policy 2024, which will remain in force for five years, aims to develop a self-sustaining cottage industry sector and open the doors of local and international markets for artisans, the minister said. Under the policy, the state will work towards the availability of credit and market support to artisans and focus on infrastructure, skill, technology upgrades and innovation, Rajput said. To encourage new industries and businesses, the state government has increased the maximum loan amount under this schem

Job, wealth creators must not feel 'heat of system': VP Jagdeep Dhankhar

Those in commerce and business must not feel "heat of the system" as they are the job and wealth creators and contribute to social harmony, Vice President Jagdeep Dhankhar said on Sunday. He also said that the principle of "economic nationalism" was more important than fiscal gains of a few individuals. Addressing an event of a private educational institution here, Dhankhar said he has always advocated that "those in trade, commerce, industry must not feel heat of the system. They must have respect in society". The vice president was of the view that this segment was the job and wealth creator and contributes to social harmony. "They are economy drivers ...They have learned the art in this country to give back to the society. By and large they do it," he said while noting that the freedom movement of India is dotted by their contribution. The vice president also underlined the need to follow the principles of economic nationalism, whereby unnecessary imports can be curbed to save