Page 4 - Job Creation

Apprentice skilling in IT/BFSI industry to create 5 mn jobs by 2025: Report

IT/ITES sector likely to pay between Rs 11,000 and Rs 75,000 to young apprentices

Fresh formal job creation slows to 5-month low in August, shows EPFO data

The net monthly payroll numbers are, however, provisional in nature and are often revised sharply the following month. That is why the new EPF subscriber figure has greater certitude than net addition

Rising logistics demand expected to create 10 mn jobs in India by 2027

Buoyed by government policies and rising economic activities, the Indian logistics industry is poised for rapid growth and is expected to create 10 million jobs by 2027, a report said on Thursday. Propelled by recent industry reforms, including the government's Production-Linked Incentive (PLI) scheme, robust production figures, as well as changing consumption patterns, innovative business models such as 3PL (Third-Party Logistics) and surging rural demand, India's logistics industry is poised for rapid growth in the coming years, the report by TeamLease Services said. The sector, which is growing at an annual rate of 12 per cent, is expected to add 10 million jobs by 2027, it said. The Teamlease Services report on the logistic sector is based on secondary sources like current industry reports and market research. "We are witnessing the emergence of a dynamic industry that is poised to create about 10 million new job opportunities over the next five years, owing to a significant ..

Meghalaya to soon announce IT policy for attracting investments: CM Sangma

The Meghalaya government will soon announce an IT policy which will benefit investors and create employment opportunities in the state, Chief Minister Conrad K Sangma said on Friday. Addressing a programme here, he said investors will be provided incentives in terms of capital investment, GST and electricity tariff, among others, under the policy. "We are on the verge of announcing the IT policy. It has taken us about a year's time, and we had elections in between. We are waiting for the final comments from the Industries Department, and within a couple of weeks, maximum of three weeks, we will roll out the IT policy," he said. Under the CM-ELEVATE program, the state government plans to provide financial support to 20,000 startups and businesses, including those in the IT sector, in the future, Sangma said. "We feel the government should provide subsidies to such industries that give direct benefit to our people in terms of employment, rather than giving benefits to large industrie

Patnaik-led Odisha govt approves 9 industrial projects worth Rs 873 crore

Odisha Government's State Level Single Window Clearance Authority (SLSWCA) has approved nine industrial projects worth Rs 873.57 crore, said officials

Amazon India enabled nearly $8 bn in exports, created 1.3 mn jobs

Amazon had pledged to digitise 10 mn MSMEs, enable $20 bn in cumulative e-commerce exports and create 2 mn jobs in India by 2025. Amazon said it was well on track to fulfil these pledges

Foxconn to sign Rs 1,600 crore components plant deal with Tamil Nadu

The subsidiary, Foxconn Industrial Internet (FII), plans to invest Rs 1,600 crore ($194.45 million) to build a campus in Kancheepuram district

What are green skills and which sectors are hiring for them right now?

As the industries shift towards more resource-conscious and eco-friendly goals, here is everything you need to know about green skills, job, and growing sectors

New formal job creation at 22-month low in March, shows EPFO data

Of new young subscribers, the share of women, however, fell by 2.7 per cent to 119,033 in March from 122,395 in February

PM Modi addresses Rozgar Mela, distributes 71,000 appointment letters

Recalling the difficulties faced in the recruitment process, the Prime Minister said that the SSB earlier took nearly 15-18 months to onboard the new recruits, whereas today it takes only 6-8 months

Amara Raja launches gigafactory in Telangana to produce lithium ion battery

This new facility in Telangana by Amara Raja plans to create employment opportunities for nearly 4,500 people and a similar number of indirect jobs

Investments in UP will create 10 million jobs for youth, says CM Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath on Saturday said one crore youths of the state will get employment in the next three years through investment proposals received at the recently held Global Investors Summit. He was speaking after laying the foundation stone of a rural mini-stadium at Bholaram Maskara Inter College in Sahjanwa here, which will be built at a cost of Rs 10.43 crore. The stadium will have a multi-sports complex, athletics track and an audience gallery. Adityanath said investments to be made in the Sahjanwa assembly constituency and other places will also enable the youths to get jobs near their native places. "The government will also distribute two crore tablets and smartphones to students across the state in degree colleges, he said. Besides, several new technical and other institutes are being built to prepare the state's youth for the job market. A polytechnic institute will be built here also. Atal Residential School being built here will be inaugurate

Formal job creation declines 7.5% in January, hits 20-month low: EPFO

The number of new monthly subscribers under the Employees' Provident Fund (EPF) has declined by 7.5 per cent to 777,232 in January 2023 from 840,372 in December 2022

Chinese planners promise 12 million jobs, economic rebound following Covid

Chinese economic officials expressed confidence Monday they can meet this year's growth target of around 5 per cent by generating 12 million new jobs and encouraging consumer spending following the end of anti-virus controls that kept millions of people at home. The Cabinet planning officials announced no details of spending or other initiatives to revive growth that slumped to 3 per cent last year, the second-lowest in decades. But they said they plan an array of measures to meet goals announced Sunday by Premier Li Keqiang by raising incomes and encouraging innovation. Efforts to revive the Chinese economy have global implications after weak retail, auto and housing sales depressed demand for imports. The country is the biggest export market for its Asian neighbours and an important revenue source for Western companies. There are many policy tools in our toolbox, the deputy chairman of the National Reform and Development Commission, Li Chunlin, said at a news conference held durin

Over 20 mn youth will get jobs in next 3-4 years, says UP CM Adityanath

Uttar Pradesh Chief Minister Yogi Adityanath on Sunday said his government is running a campaign under 'Mission Rozgar' that will provide jobs to more than two crore youths in the next three-four years. Addressing the closing ceremony of the two-day 'Lucknow Kaushal Mahotsav', Adityanath said by developing the skills of UP's youth, the state can play the role of the growth engine of the country's economy. The government has started 'CM Apprenticeship Training' and seven-and-a-half-lakh youth of the state will be covered under the scheme, the CM said at the event jointly organised by the National Skill Development Mission and the Uttar Pradesh government. Under the apprenticeship scheme, the government and the industry together will give an honorarium to the youth studying in universities and colleges, he said. They will be connected with experiential work and new training. "The presence of 112 companies in this festival proves that we have potential. The move to connect thousands o

Odisha approves 25 industrial projects worth Rs 5,827 cr to create jobs

The Odisha government on Saturday approved 25 industrial projects worth Rs 5,827.27 crore, which will create employment for 25,000 people

PLI schemes will drive job creation in next two years: TeamLease report

60% of employers in survey express hiring intent; pharma has the highest positive hiring sentiment (68%) followed by white goods (67%) and textile products (62%)

Fresh formal job creation below 1 million for third month: EPFO data

Surprisingly, the number of new male subscribers fell more (14.9 per cent) than female (12.9 per cent) in December

Union Budget 2023-24: Marching ahead on a sustainable growth path

The biggest push came for the infrastructure sector, with a more than expected - i.e. 33 per cent - hike in capex that should boost private investment and spur employment generation

Formal job creation in India rose in November after October lows: MoSPI

Between September 2017 and November 2022, 6.09 crore new subscribers joined the EPF scheme