Page 18 - Labor
National security takes over jobs as key concern: Survey
National security has taken over issues such as unemployment as one of the major concern areas for the people after the air strike on terror camps in Pakistan, according to the CVOTER-IANS opinion tracker.
The cost of success: Big three F1 giants are also biggest spenders
Mercedes, Ferrari and Red Bull were the three most successful teams in the Formula One world championship in 2018, spending more money that the other seven teams combined. According to journalist Dieter Rencken, who each year collates the financial figures for Racefans.net, the cost of keeping two cars on track in the championship is around 100 million euros. Worried by spiralling costs, F1 will impose a budget ceiling of $150 million from 2021. Team budgets in 2018: 1. Ferrari (2nd in constructors championship) -- $410 million (361 million euros) total 950 employees + 480 in engine department Receives the largest part of the sport's commercial revenues redistributed by F1 on account of the team's historic status in the sport. Backed also by cigarette manufacturers Philip Morris via their "Mission Winnow" project. 2. Mercedes (1st) -- $400 million (352 million euros) total 950 employees + 500 in engine department Daimler-Benz's F1 activities are split into two -- Mercedes GP for race .
Xoxoday Crosses 100 Crores Annual Turnover for FY 2018-19
/ -- Xoxoday, a SaaS commerce company, crossed Rs 100 crore turnover for the financial year 2018-19. Xoxoday's engagement platform helps companies build a happy and engaged workforce. Xoxoday was founded back in late 2012 and their SaaS platform is currently disrupting the way organisations reward and engage their employees. From once a one-room office, Xoxoday has now grown into a team of over 150 people. With the growth of the company, Xoxoday has also formalized its leadership team. The founding team, Sumit Khandelwal operates as the CEO, Manoj Agarwal as the COO, Abhishek Kumar as the CTO and Kushal Agrawal heads International Expansion. Mahendra Rathod is the Chief Customer Officer and Abhimanyu Choudhary is the Chief Business Officer. Anindo Bandhopadhyay heads technology, Regan Rodricks heads design, Mayank Singh heads Product Management and Jayadev Ramdas heads Marketing. They leveraged the 100 Crore achievement by adding a vibrant and plush office in HSR layout, Bangalore. ..
Sitanshu Kar gets 6-month extension as govt's chief spokesperson
Sitanshu Ranjan Kar, who was scheduled to retire on March 31, was Sunday given a six-month extension as principal director general of the Press Information Bureau (PIB), according to a Personnel Ministry order. Kar, a 1983-batch officer of the Indian Information Service (IIS), had taken over as principal director general of the PIB in May last year. The Appointments Committee of the Cabinet has approved the re-employment of Kar as the PIB's principal director general for six months, beyond March 31, 2019, the date of his retirement, the order said.
AI operates all-women crew flight from Kolkata to Bhubaneswar
An all-women crew flight was operated between Kolkata and Bhubaneswar on Friday to mark the International Women's Day Friday, an Air India official said here. AI also felicitated three women employees for their achievements, the company said in a statement. The three employees shared their stories of success during a panel discussion on - soaring high to success, at the company's office here, it said. The journey of women empowerment was also traced through poetry and songs during a cultural programme, it added.
Odisha hikes pension, other benefits of construction workers
The Odisha government Friday increased the monthly pension of retired construction workers of the state. As per the revision, the elderly construction workers would now get a monthly pension of Rs 500 instead of the existing Rs 300. Similarly, workers above the age of 80 years would get Rs 700 a month from the existing Rs 500. An official release said the enhanced pension will come into effect retrospectively from February, 2019. Similarly, the state government has also increased the financial assistance of construction workers under the Construction Workers Welfare Scheme. The construction workers would now get financial aid of Rs 50,000 as against Rs 25,000 earlier to marry off their daughters (maximum two daughters). In case of natural death of a construction worker, the financial assistance has been enhanced to Rs 2 lakh from the existing Rs 1 lakh and Rs 4 lakh from Rs 2 lakh in case of accidental death. For construction workers above 60 years of age and registered .
All-women crew runs express train from Bengaluru to Chennai
Marking the International Women's Day, an all-women crew from the Indian Railways on Friday ran the Sanghamitra Express train between Bengaluru and Chennai.
Pb govt employees continue indefinite strike for 2nd day
Punjab government employees Friday continued their indefinite strike for the second day demanding clarity on the dearness allowance issue. The employees have been protesting against the state government's alleged failure in accepting their demands which include regularisation of contractual employees, reducing the term of probation period, restoration of old pension scheme, among others. "No office work took place in majority of the government departments in the state," claimed Sukhchain Singh Khera, president of the Punjab Civil Secretariat Staff Association. He said more than one lakh employees across the state had gone on strike on Thursday. Several organisations under the banner of Punjab State Ministerial Services Union and Punjab Secretariat Union have participated in the strike. Khera said the employees have been fearing that the state government was trying to de-link their dearness allowance (DA) from the one announced by the Centre for its employees. "The government should ...
WCD, Skill Development Ministry to provide skills training to women
On International Women's Day on Friday, the Women and Child Development Ministry joined hands with the Skill Development and Entrepreneurship Ministry to provide skills training and employment to women.
On Women's Day, WCD signs MoU with Skill Development Ministry to provide skills training to women
On the occasion of International Women's Day, the Women and Child Development Ministry and the Skill Development and Entrepreneurship Ministry entered into an agreement to provide skills training and employment to women. The officials of the two ministries signed the agreement in the presence of WCD Minister Maneka Gandhi and Skill Development Minister Dharmendra Pradhan. Gandhi said the agreement would help women in becoming self-sufficient. "The WCD Ministry through the Rastriya Manila Kosh (RMK) will identify the skill sets and their geographical relevance which is suitable for enhancing livelihood of women through self-employment," she said. Pradhan said the agreement would train thousands of women and promote self-employment or wage employment. The Skill Development Ministry will provide details of women to the WCD Ministry who have received skill development training and engaged in producing goods or services after their training, he said. The WCD Ministry through the RMK shall .
Assam sets up North East Skill Centre in Guwahati
The Assam government in collaboration with the Singapore-based ITE Education Services (ITEES) set up the North East Skill Centre (NESC) here on Thursday.
HC rejects review petition by West Bengal govt challenging DA order
The Calcutta High Court Thursday rejected a review petition by the West Bengal government on its order which held that dearness allowance (DA) was a legal right of the state's employees. A division bench comprising Justice Harish Tandon and Justice Sekhar Bobby Saraf rejected the review petition and held that the State Administrative Tribunal (SAT) will continue to rehear the employees' claim for DA as per the Centre's dearness allowance rate. The state government had sought review of an August 31, 2018, order by a division bench comprising Justice Debasish Kar Gupta and Justice Sekhar Bobby Saraf which set aside a SAT order that said DA cannot be claimed as a right by the state employees. Justice Kar Gupta has since retired and as such the division bench comprising Justices Tandon and Saraf heard the review petition. The bench had in the August 31 order held that the employees' claim for dearness allowance as per the Central government DA rates would be decided by the SAT, which was .
Cabinet approves 50 new Kendriya Vidyalayas, focus on LWE areas
The Union Cabinet Thursday approved 50 new Kendriya Vidyalayas with a focus on areas that are hotbeds of left-wing extremism and where there is a high concentration of Central Reserve Police Force or railway employees. Union HRD Minister Prakash Javadekar said nearly one lakh students will benefit from the decision and it will create employment opportunities also. "The union cabinet today approved setting up of 50 new Kendriya Vidyalayas under Civil or Defence sector in different states of the country. This is a great decision," he said. According to KV officials, Rs 1,579.9 crores will be spent in next five years on construction and staff salary for the 50 new KVs. "While Rs 1,241 crore will be for building construction, the remaining Rs 338 crore will be for staff salary. The teachers and staff requirement will be met through deputation and contractual employment for the time being and till the formal recruitment is done," a senior official said. The new schools will be set up in ...
Trump calls Apple CEO 'Tim Apple'
A blundering US President Donald Trump on Thursday addressed tech giant Apple's CEO Tim Cook as "Tim Apple" while the latter sat there, nodding quietly during a meeting at the White House for the American Workforce Policy Advisory Board.
Income tax exemption limit on gratuity doubled to Rs 20 lakh, says labour ministry
The labour ministry said Thursday that the income tax exemption limit on gratuity has been doubled to Rs 20 lakh from the existing Rs 10 lakh, a move that will benefit employees who are not covered by the Payment of Gratuity Act, 1972. "Ministry of Finance has enhanced the income tax exemption for gratuity under Section 10 (10) (iii) of the Income Tax Act, 1961 to Rs 20 lakhs," a labour ministry statement said. Labour Minister Santosh Kumar Gangwar has said in the statement that this would benefit those employees of public sector undertakings (PSUs) and other employees not covered by the Payment of Gratuity Act, 1972, and has thanked Finance Minister Arun Jaitley for enhancing the exemption limit. The ceiling of gratuity amount under the Payment of Gratuity Act, 1972, has been raised from time to time keeping in view overall economic condition and employers' capacity to pay and the salary of employees, which have been increased in private sector and in PSUs. The latest enhancement of .
Paisabazaar.com to increase headcount of women employees to 33 percent by March 2020
Paisabazaar.com India's largest online marketplace for financial products, announced today that it would increase its representation of women employees to 33% by end of the financial year 2019-20. Currently, 23% of Paisabazaar.com's 3083 employees are women."Financial services, as an industry, generally has a low representation of women. But, we have often found women employees to be more productive, efficient and organized. Over the next few months, we would be hiring aggressively to attract best women talent across the country, for technology, product, sales, analytics, and marketing," said Naveen Kukreja, CEO & Co-founder, Paisabazaar.com. One of Paisabazaar.com's goals, as an organization, is to employ a diverse and empowered workforce, which is completely aligned to the organization's culture and values. Hiring more women, Paisabazaar.com says, will also be key in meeting its business objectives."Women employees have a natural knack of strategizing and bringing on board a ...
Cabinet clears third railway line for busy section between Bengal and Odisha
The Cabinet Committee on Economic Affairs has approved the construction of a third railway line between Narayangarh in West Bengal and Bhadrak in Odisha. Addressing the media, Union Finance Minister Arun Jaitley said the new 155-km railway line will ease congestion on the route. "The third line will help generate additional optimum capacity to cope with the existing as well as additional traffic," he said. According to government estimates, the project would cost Rs 1,866.31 crore and would be completed by 2023-24. It is expected to generate direct employment for around 37.2 lakh man days.
Lucknow Metro: Women workforce transforming all spheres
As the wait for the inaugural run of the entire north-south corridor gets over, the Lucknow Metro Rail Corporation (LMRC) says it is proud to share the occasion with International Women's Day on March 8. LMRC Managing Director Kumar Keshav said here on Wednesday that women wearing the metro's uniform was a matter of pride for them. These women have taken the initiative of operation of train services, which can be determined from the fact that 30 per cent of the trains are being operated and driven by female train operators. In addition, 40 per cent of all the station controllers/train operators are females, Keshav said. "We at Lucknow Metro envision bringing the female employees on par with male counterparts by bridging the gap. We try our level best to give more opportunities to women in our organisation and motivate them as far as possible for their emancipation and empowerment," he said. Prime Minister Narendra Modi is expected to flag off the commercial run of the Lucknow Metro on
Youth inactivity highest in India among emerging mkts: IMF economist
Youth inactivity is the highest in India among emerging and developing economies, IMF senior economist John Bluedorn said on Wednesday. Bluedorn was speaking on labour market in emerging and developing economies at an event organised by Brookings India. "Youth inactivity is the highest in India compare to emerging and developing economies and it is about in 30 per cent," he said. Bluedorn noted that the key challenges facing youth in emerging economies labour markets include gender gaps, technological change, poor job quality in employment. He also pointed out that emerging and developing economies are less vulnerable than advanced economies from technological changes and automation challenges. A recent data compiled by Mumbai-based CMIE reportedly claimed that the unemployment rate in India rose to 7.2 per cent in February 2019. Earlier, an NSSO's draft report showed that India's unemployment rate hit a 45-year high of 6.1 per cent in 2017.
Biggest thing that is bothering us is jobs: CII
The Confederation of Indian Industry (CII) Wednesday expressed concern on the country's job market amid growing challenges of making a generation employment-ready. CII's observation came a day after the Centre for Monitoring Indian Economy (CMIE) flagged climbing unemployment rate in the country. "The biggest thing that is bothering is jobs....with no new capital investment coming from the private sector due to low consumption and low utilisation in manufacturing, is a serious concern," CII president Rakesh Bharti Mittal said at the annual regional meeting here. In a report, the CMIE has said that the unemployment rate has climbed despite a fall in the number of job seekers. Mittal said that at present there are 300 million children between 6 amd 16 years of age who would join the job market after 10 years which could be a challenge. "Clearly, we need work right now. Starting vocational training from the school level is very good to make people employable. The technology