STRUCTURAL EMPLOYMENT
Welcoming working conditions encouraging more Indian women seeking employment in Saudi Arabia: Official
Saudi Arabia is increasingly attractive to Indian women seeking jobs. Labour reforms and supportive measures create better working conditions. Indian workers play a crucial role in the labour market. Bilateral agreements with India aim to protect workers' rights. Complaints can be filed through the Musaned and Qiwa platforms. Female unemployment has significantly decreased.
How to lower tax burden: Patna-based PSU bank manager can cut tax by Rs 32,261 by tweaking salary structure
Sudhir Kaushik of TaxSpanner.com tells readers how they can optimise their tax by rejigging their incomes and investments.
Structural reforms needed for India to break 7% growth barrier: Taimur Baig
?So, we are right now at a bit all over the place a degree of confusion and volatility and you see that most starkly manifested in the fixed income market the way the yield curve is twisting and turning right now.
US Visa Bulletin for November 2024: Employment-based hold steady, while family-based green card queue moves slightly ahead
The U.S. Department of State's November 2024 Visa Bulletin indicates changes in family-based categories, notably an 11-month adjustment in the F-4 category for India. Employment-based categories remain unchanged. Final Action dates for Indian applicants are February 1, 2022 (EB-1), July 15, 2012 (EB-2), and November 1, 2012 (EB-3), impacting green card wait times.
Italy's demographics are worst in Europe for growth, Scope Ratings says
Italy faces major economic challenges due to the worst demographics in Europe, with a rapidly ageing population and declining birth rates. The workforce is set to shrink by nearly 19% by 2040, highlighting the urgent need for labor market reforms to sustain long-term growth.
How the Employee Linked Incentive Scheme will aid in job creation
The Employment-Linked Incentive (ELI) Scheme aims to generate over 2 crore jobs within two years by formalising employment, especially in the MSME sector. It focuses on skill development, gender inclusion, and offers wage subsidies to support workforce expansion and reentry, driving economic growth and employment opportunities.
Rotation out of India into China not going to last long: ED Yardeni
ED Yardeni comments on various market factors affecting global economies. He notes the impact of Middle East conflicts on oil prices, skepticism about China's economic recovery despite short-term gains, and future US interest rate movements. Yardeni also highlights investment opportunities and market rotations between India and China, along with US stock market trends.
Amazon hit with US labor board complaint over 'joint employment' of drivers
The complaint from the National Labor Relations Board (NLRB) claims that Amazon is a so-called "joint employer" of drivers employed by the contractor, Battle Tested Strategies (BTS), and used a series of illegal tactics to discourage union activities at a facility in Palmdale, California.
UST to expand presence in India, double headcount in the next 5 years
UST plans to expand its workforce in Kochi, India to 6,000 employees by 2029, doubling its current strength. A new 10-story campus on a 9-acre plot at Infopark Kochi Phase 2, opening in December 2027, will accommodate 4,400 seats, boosting UST¡¯s regional presence.
Fresher hiring intent in Bengaluru at 74% in 2024, tops other metro cities: TeamLease Edtech
Bengaluru is set to lead fresher hiring in 2024, with high demand in sectors like e-commerce, tech startups, engineering, and retail. Companies are focusing on skills such as cybersecurity, cloud computing, and data analytics. The city tops the list with 74% of employers planning to hire fresh graduates.
Refund provision likely to be removed under ELI schemes
The government is considering removing the refund of subsidy clause for employers if an employee quits within a year. Instead, it may stop the incentive. The labour ministry is consulting stakeholders to finalize three employment-linked incentive schemes to be implemented by the EPFO, aiming for easy compliance and effective outcomes.
Labour-intensive industries need to be promoted to generate more jobs: Raghuram Rajan
Former RBI governor Raghuram Rajan emphasized the need for India to focus on labour-intensive industries to generate employment. Despite 7% economic growth, job creation remains insufficient, particularly in manufacturing. Rajan highlighted the success of Vietnam and Bangladesh in labour-intensive sectors and urged India to follow suit. He also discussed GST rates rationalization and the need for equitable growth among states.
Educated aplenty, skilled in shortage: Why India¡¯s employers are struggling despite a surplus of graduates
India's vast pool of educated youth, while impressive on paper, is undermined by a severe skills gap that threatens the nation¡¯s potential for economic growth and its position as a global powerhouse.
ABVP releases 11-point manifesto for DUSU polls, focuses on students welfare
The Akhil Bharatiya Vidyarthi Parishad (ABVP) has released an 11-point manifesto for the Delhi University Students' Union elections. The document addresses key issues like admission processes, campus infrastructure, and employment-oriented education. It also promises increased scholarships, improved safety measures, and better grievance redressal systems for students.
ONOE: States that fought simultaneous polls had better GDP growth, says NK Singh
NK Singh, a member of the one nation one election committee, highlighted that states with simultaneous elections have shown better GDP growth. Speaking at Ashoka University, he argued that such elections benefit the economy and governance. Singh also noted the frequent elections in states like Maharashtra hinder governance quality.
US Visa Bulletin For October 2024: Indians move forward in the Green Card queue
The October 2024 U.S. Visa Bulletin shows progress in most employment-based categories, with significant advancements in the EB-3 Worldwide category. USCIS will accept adjustment of status applications based on the dates for filing chart. The bulletin also reflects the culmination of fiscal year 2024 visa limits, impacting many applicants' immigration processes.
Creating jobs: The missing link in govt¡¯s skilling plan
India needs skilling and employment, and a recent internship programme for big companies aims to deliver on that front. But experts ask why MSMEs, which can hire at a large scale, are being overlooked when they need talent more than others.
US headed for a severe recession, says ace investor
The United States may be on the verge of a major recession, according to an ace investor and the implications of the same can be very sharp and critical. The US economy has been seeing some major issues over a period of time, and now there are chances that the country's financial could be in a critical state.
RBI¡¯s steeplechase with cyclical and structural hurdles
As the RBI intensifies its regulatory tightening, the banking sector will need to negotiate with slower growth, lower margins, and rising credit costs. The central bank is also concerned about the recent spurts in prices of milk and mobile tariffs, which can permeate into broader inflation impetus.
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