Page 5 - Job Creation

Analysts expect Budget to focus on job creation, investment-driven growth

Any roadmap to build and bolster the entrepreneurship culture can promote self-reliance and go a long way in employment generation

Budget 2023: HR industry expects labour codes, focus on formal job creation

The Human Resource industry anticipates various measures from the upcoming Budget 2023, that will be beneficial for employees, the employment process, for job development and will address the skill-gap challenge in the country. The Indian economy is on the road to recovery after the Covid-19 pandemic significantly affected the country's economic growth. Industry players are hoping that the ensuing budget will provide a much-needed boost to the HR sector that will help the industry to get back on track. According to leading HR services provider Randstad India, the broad industry asks for the HR sector is the roll out of labour codes, focus on formal job creation, industry Status for Staffing Industry and enhancing skilling initiatives for the youth. It would help if the central and state governments set up help desks in the initial phases of rolling out the labour codes to ease the implementation by the industry, it said. "The union budget 2023 should aim at further enhancing the ..

Data privacy rising exponentially as a job creator, says Tsaaro report

According to the report, both legal or compliance and technical privacy roles at enterprises were understaffed, and the issue has worsened since last year

SMBs emerge as top job creators in India, clocks 60% surge: Report

Jobs posted by small and midsize businesses (SMBs) clocked a 60 per cent (year-on-year) surge, with emerging small businesses from tier 1 and 2 cities posting more than 2.1 million jobs in 2022 alone

Fresh formal job creation fell for third straight month, show EPFO numbers

New EPFO subscribers dipped by a sharp 26% in October, from the level a month ago

Over 15000 posts filled in J&K govt departments in 3 years: SSB chairman

More than 15,000 vacancies in various government departments were filled in three years while the selection process for 8,000 more was in progress, Jammu and Kashmir Services Selection Board (SSB) chairman Rajesh Sharma said. He said court litigation by aggrieved candidates is one of the major factors for the delay in the recruitment process. "Against last year's figure of 9,300, this year the SSB filled 4500 posts in various government departments and 3,400 among them are class-IV posts. A total of 1,500 posts were filled up in the year 2020," Sharma told PTI here. He said the candidates selected for the class-IV posts under phase two were handed over appointment letters at special 'Rozgar melas' presided by Lt Governor Manoj Sinha in Srinagar and Chief Secretary Arun K Mehta in Jammu recently. Under the first phase, more than 5,000 deserving candidates were given appointment letters last year after the government mandated the Jammu and Kashmir SSB to make recommendations for ...

Are states with high levels of poverty spending less on MGNREGS?

Experts said an institutionalised system of social audits will clear lots of doubt

Food processing sector critical for economy, job creation: Niti Aayog CEO

Niti Aayog CEO Parameswaran Iyer on Friday said the food processing sector is critical for the Indian economy as well as job creation and stressed on ramping up production and exports of processed items. Addressing a CII seminar here, Iyer said there is a need to encourage the MSME sector to enter the food processing sector, which he described as a very important sector for the health of the economy and people. He underlined that food processing can boost farmers income and also help in achieving nutritional goals. Iyer said there is a need to augment primary processing at farm level. Stating that food security has become important in the current global context, he said the government has taken a number of steps in this regard. The Niti Aayog CEO highlighted that there has been a steady growth in agriculture. On the food processing front also, Iyer said a number of initiatives have been taken by the government, including the Production Linked Incentive (PLI) scheme. "This is a v

TMS Ep314: Adani expansion, job creation, Indian equities, climate

Is Adani Group emerging as the next Tatas? What explains rural-urban divide despite more job creation? Will Indian equities be able to tide over emerging risks? What is climate finance? Answers here

MP govt focuses on investment, developing industrial infra to generate jobs

The Department of Micro, Small and Medium Enterprises (MSMEs) has decided to offer MSMEs and start-ups training in marketing, and financial support

1.6 mn jobs being generated by Centre every month: Ashwini Vaishnaw

Highlighting the Centre's efforts in creating employment opportunities, Union Railway Minister Ashwini Vaishnaw said that about 16 lakh jobs are being generated every month by the central government

Focus on job creation, capex boost, tax measures in Budget: Industry to FM

Employment-linked incentive scheme for services sector suggested

Budget should focus on job creation, steps to broaden tax base: India Inc

The Budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with finance minister Nirmala Sitharaman on Monday. "The external scenario is likely to continue to be unfavourable for some time. Hence, we must broad-base our domestic economy by creating new sectors of growth and driving employment generation to boost domestic demand, inclusion, and growth," CII president Sanjiv Bajaj said. The Confederation of Indian Industry (CII) was part of the virtual pre-Budget meeting which was called for an aggressive focus on privatisation of public sector units and increasing allocation to capital expenditure with focus on an investment led growth strategy to pump India's economy amidst the global uncertainty. To boost job creation, CII suggested that an employment linked incentive scheme be introduced and the government could consider an urban ..

New formal job creation fell again in September, shows payroll data

The number of fresh formal jobs created fell for the second consecutive month in September, declining 9 per cent sequentially to 930,000

Gujarat launches new electronics policy, to generate 1 mn job opportunities

The Gujarat government on Saturday launched a new Electronics Policy to generate 10 lakh new employment opportunities in the Electronics System Design & Manufacturing (ESDM) sector in the state. The 'Gujarat Electronics Policy 2022-2028' has been designed to make Gujarat a national hub of ESDM by offering a host of subsidies and incentives to the investors, said an official release. Those wanting to invest in the ESDM sector in Gujarat will be given up to 20 per cent capital expenditure (capex) assistance with a ceiling of Rs 200 crore under the policy, the release said, adding that eligible investors will be entitled to get 100 per cent reimbursement on stamp duty and registration fee paid to the government. While eligible entrepreneurs are exempted from paying any electricity duty, the state government will provide a power tariff subsidy of Rs 1 per unit for a period of five years. Other incentives include interest assistance of up to 7 per cent on a term loan for a period of ...

Manufacturing states see dip in net new EPF subscriptions in August

Net payroll additions, which are calculated taking into account new additions, number of exits, and return of old subscribers, has grown only slightly from 1,652,818 in July to 1,694,211 in August.

Despite rise in budgetary support, NE lags in job creation: Official

Despite the central government more than doubling budgetary support in the last eight years, the northeast region has lagged behind in economic output and job creation, an NEC official said here on Tuesday. Lakhs of youth from the region are going to other parts of the country for jobs, which implies that "something is amiss in terms of economic development", North Eastern Council Secretary K Moses Chalai said. In 2013-14, the total 10 per cent GBS (gross budgetary support) was around Rs 34,000 crore. This financial year, it has reached Rs 76,000 crore. "Despite this, the production and distribution of goods and services are not happening enough and there are not enough jobs, Chalai said, while speaking at a function at the North Eastern Hill University here. Fifty-five central ministries and departments are mandated to spend at least 10 per cent of their gross budgetary support (GBS) for the central sector and centrally sponsored schemes in the northeastern region to accelerate th

Sonowal hands over appointment letters under 'Rozgar Mela' in Assam

As a part of the 'Rozgar Mela' initiative launched by Prime Minister Narendra Modi, Union Minister of Ports, Shipping & Waterways and Ayush, Sarbananda Sonowal handed over the appointment letters to the newly selected youths at Guwahati on Saturday.

PM kicks off Rozgar Mela, says India making effort to deal with challenges

Prime Minister Narendra Modi launched the "Rozgar Mela" on Saturday to recruit 10 lakh people and underscored his government's efforts to create jobs in the last eight years amid the opposition's constant criticism of it on the issue of unemployment. In his address after more than 75,000 people were given appointment letters for various government jobs in the first tranche, Modi acknowledged the challenges facing the economy the world over with many countries hit by a record inflation and unemployment and said India is making every effort to come out of the situation unscathed. "It is a fact that the global scenario is not very good. Several large economies are struggling. In many countries, problems such as inflation and unemployment are at their peak," he said. No one thinks that the side-effects of the once-in-a-century COVID-19 pandemic will go away in 100 days, the prime minister said, adding that the crisis is grave and global, causing adverse effects all around. "Despite thi

Fresh formal job creation falls below 1-million mark in August: EPFO

The unemployment rate shot up to 8.3 per cent, which was the highest, compared with the rates in the past 12 months