News

20.58 lakh new employees enrolled under ESI scheme in Sept as jobs rise in formal sector As many as 20.58 lakh new employees were enrolled under the Employees' State Insurance Corporation (ESIC) scheme during September this year, reflecting the higher number of jobs being created in the organised sector of the Indian economy, according to data released by the Ministry of Labour and Employment on Tuesday.   The data shows that out of the total 20.58 lakh employees added during the month, 10.05 lakh employees amounting to around 48.83 per cent of the total registrations...
20.58 lakh new employees enrolled under ESI scheme in Sept as jobs rise in formal sector
20.58 lakh new employees enrolled under ESI scheme in Sept as jobs rise in formal sector
Source: IANS
2024-11-19 05:40:07 pm
60% of Healthcare job postings aimed at women in the last three months, reports apna.co Amidst a rapidly expanding healthcare sector, Apna.co, India's leading job and professional networking platform, has observed a notable shift, with over 60% of the recent 40,000 healthcare job postings specifically targeting women healthcare professionals in the last 3 months. This increase in demand for female healthcare professionals is largely driven by expanded government spending on public healthcare and the development of healthcare services in underserved Tier 2 and 3 cities by pri...
60% of Healthcare job postings aimed at women in the last three months, reports apna.co
60% of Healthcare job postings aimed at women in the last three months, reports apna.co
Source: PR Agency
2024-11-19 03:12:40 pm
Women in India getting more jobs, higher pay over last 6 years: Centre There has been an enhanced engagement of women in economic activity in India, accompanied by a declining unemployment rate and upward trend of educated women in the workforce over the last six years, according to data released by the Ministry of Statistics on Monday.  The Ministry’s figures also show a steady increase in the earnings of women across employment categories. Besides, there has been a sharp rise in female labour force participation in rural areas due to an increased...
Women in India getting more jobs, higher pay over last 6 years: Centre
Women in India getting more jobs, higher pay over last 6 years: Centre
Source: IANS
2024-11-19 10:41:46 am
India`s electronics sector set to create 12 million jobs amid skill hunting As India's electronics industry witnesses unprecedented growth, it is set to create 12 million (1.2 crore) jobs at a compound annual growth rate (CAGR) of 25-30 per cent, according to a report on Monday.   The projections indicate the creation of 12 million jobs, encompassing 3 million direct and 9 million indirect roles, according to a report by TeamLease Degree Apprenticeship.  However, a pressing deficit of 10 million trained professionals underscores the urgent need to...
India`s electronics sector set to create 12 million jobs amid skill hunting
India`s electronics sector set to create 12 million jobs amid skill hunting
Source: IANS
2024-11-18 06:19:38 pm
Exclusive-Foxconn tells India recruiters: Nix marital status in iPhone job ads Apple supplier Foxconn has ordered the hiring agents that help recruit iPhone assembly workers in India to remove age, gender and marital criteria as well as the manufacturer's name in job advertisements, according to three people familiar with the matter and almost a dozen ads reviewed by Reuters. The moves follow a Reuters investigation published June 25, which found that Foxconn excluded married women from jobs at its main India iPhone assembly plant, though it relaxed the practice ...
Exclusive-Foxconn tells India recruiters: Nix marital status in iPhone job ads
Exclusive-Foxconn tells India recruiters: Nix marital status in iPhone job ads
Source: Reuters
2024-11-18 10:21:37 am
India`s sports market to reach $130 billion by 2030, create 10.5 million jobs  India's sports market is poised to reach $130 billion by 2030 at a compound annual growth rate (CAGR) of 14 per cent, a Google and Deloitte report said on Thursday.  The report also projected the creation of up to 10.5 million jobs and $21 billion in indirect tax revenue by 2030. This growth -- nearly double the pace of India's GDP -- signifies a fundamental shift in how Indians consume and engage with sports, driven by increasing government investments, a rising tren...
India`s sports market to reach $130 billion by 2030, create 10.5 million jobs
India`s sports market to reach $130 billion by 2030, create 10.5 million jobs
Source: IANS
2024-11-15 09:38:54 am
India likely to add 33.9 mn jobs to its workforce by 2028 in AI era With AI-driven transformation, India is projected to increase its workforce from 423.73 million in 2023 to 457.62 million by 2028, a net gain of 33.89 million workers, according to a report on Wednesday.  Emerging technology will transform talent across India’s key growth sectors, generating 2.73 million new tech jobs by 2028, according to new research by AI platform for business transformation, ServiceNow. The research, commissioned from the world’s leading learning co...
India likely to add 33.9 mn jobs to its workforce by 2028 in AI era
India likely to add 33.9 mn jobs to its workforce by 2028 in AI era
Source: IANS
2024-11-13 10:59:16 am
Leveraging China Plus One Strategy can significantly boost India`s manufacturing sector, create millions of jobs The China+1 Strategy can significantly boost India’s manufacturing sector and help create millions of jobs – one of the key goals of the government. The PLI schemes can attract over $520 bn in investment, generate more than 6mn jobs by 2025. India’s strategic location, improved infra, streamlined laws has strengthened its position in the global supply chains. A regulation is required to boost export opportunities for Indian firms, says a study by Niveshaay – a smallcas...
Leveraging China Plus One Strategy can significantly boost India`s manufacturing sector, create millions of jobs
Leveraging China Plus One Strategy can significantly boost India`s manufacturing sector, create millions of jobs
Source: PR Agency
2024-11-12 05:43:29 pm
Report shows how India`s semiconductor sector aims create 1 mn jobs by 2026 Even as India aims to become the semiconductor manufacturing hub, the industry is projected to generate a demand for one million jobs spanning across varied sectors by 2026, according to a report.   The demand includes categories, such as chip semiconductor fabrication which aims to create 300,000 jobs, while ATMP (Assembly, Testing, Marking, and Packaging) is expected to create around 200,000 roles. In addition, chip design, software development, system circuits, and manufacturing...
Report shows how India`s semiconductor sector aims create 1 mn jobs by 2026
Report shows how India`s semiconductor sector aims create 1 mn jobs by 2026
Source: IANS
2024-11-12 10:43:41 am
White-collar hiring in India up 10 pc in October, freshers` jobs up 6 pc  The white-collar hiring activity in India saw robust growth in October with a significant 10 per cent increase (year-on-year), with sectors like oil and gas, pharma/biotech, FMCG and IT emerging as primary drivers of this positive trend, according to a report on Monday.  Artificial intelligence/machine learning (AI/ML) roles showed exceptional growth at 39 per cent year-on-year and 2 per cent month-on-month, according to data by The Naukri JobSpeak Index. ML engineer roles sa...
White-collar hiring in India up 10 pc in October, freshers` jobs up 6 pc
White-collar hiring in India up 10 pc in October, freshers` jobs up 6 pc
Source: IANS
2024-11-04 02:13:50 pm
Export orders fuel India`s manufacturing growth, jobs in October: HSBC India’s manufacturing sector growth accelerated in October, fuelled by faster increases in total new orders and international sales, leading to the creation of more jobs during the month, according to the HSBC data released on Monday.  The seasonally adjusted HSBC India Manufacturing Purchasing Managers’ Index (PMI) compiled by S&P Global, rose from September's eight-month low of 56.5 to 57.5 in October, indicating a substantial and accelerated improvement in o...
Export orders fuel India`s manufacturing growth, jobs in October: HSBC
Export orders fuel India`s manufacturing growth, jobs in October: HSBC
Source: IANS
2024-11-04 02:11:32 pm
Dollar calm as investors eye US jobs report, election The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The yen held onto Thursday's gains as investors continued to digest a less dovish message from the Bank of Japan in the previous session. The U.S. dollar started the month off at a lower level after coming under pressure against the yen and on T...
Dollar calm as investors eye US jobs report, election
Dollar calm as investors eye US jobs report, election
Source: Reuters
2024-11-01 09:09:53 am
US dollar rally pauses before jobs data, Aussie droops on RBA outlook The dollar hovered close to a three-month peak on Wednesday in a big week for macroeconomic data that could reveal the path for U.S. monetary policy. The Australian dollar edged closer to a three-month trough after some stickiness in inflation suggested a Reserve Bank of Australia interest rate cut is unlikely this year. Mixed U.S. indicators overnight, showing a loosening U.S. jobs market but a confident consumer, provided little clarity on the outlook for Federal Reserve easing, allow...
US dollar rally pauses before jobs data, Aussie droops on RBA outlook
US dollar rally pauses before jobs data, Aussie droops on RBA outlook
Source: Reuters
2024-10-30 08:54:12 am
Broadband sector to drive telecom industry growth, create new jobs The rising demand for high-speed internet and data-driven services will boost growth in the broadband market, which is expected to witness a 9-10 per cent Compound Annual Growth Rate (CAGR) over the next few years, according to a report on Tuesday.  The report by TeamLease Services, a people supply chain company, showed that the penetration of wired broadband in India currently stands at around 13 per cent. This figure is expected to accelerate as service providers prioritise broadban...
Broadband sector to drive telecom industry growth, create new jobs
Broadband sector to drive telecom industry growth, create new jobs
Source: IANS
2024-10-29 05:21:34 pm
Asian stocks mixed, dollar drifts before megacap earnings, jobs data Asian stocks were mixed in volatile trading on Tuesday as investors girded for three days of tech megacap earnings reports on Wall Street, kicking off with Google parent Alphabet later in the day. The dollar drifted not far from a three-month high with one of the Federal Reserve's preferred employment gauges - the JOLTS job openings report - due on Tuesday, ahead of highly anticipated monthly non-farm payrolls data on Friday. U.S. Treasury yields eased from three-month peaks. The ye...
Asian stocks mixed, dollar drifts before megacap earnings, jobs data
Asian stocks mixed, dollar drifts before megacap earnings, jobs data
Source: Reuters
2024-10-29 09:15:48 am
India's economic growth to stay strong, but job creation fails to spark joy India's economy will grow at a solid pace this fiscal year and next, according to a Reuters poll of economists, but they cautioned that key drivers such as job creation and household spending will only increase mildly over the next 12 months. While Asia's third-largest economy clocked 8.2% growth last fiscal year - the most among major economies - fueled by years of government spending, it failed to create enough well paying jobs for millions entering the workforce every year. W...
India's economic growth to stay strong, but job creation fails to spark joy
India's economic growth to stay strong, but job creation fails to spark joy
Source: Reuters
2024-10-28 05:28:49 pm
Job postings up 20 pc in India festive season, demand surges in tier 2 and 3 cities  More than 2.16 lakh job postings were reported in this festive season in the country -- a 20 per cent increase compared to 1.8 lakh job postings last year, according to a report on Sunday.  The festive season saw a significant rise in hiring across key sectors like logistics, e-commerce, retail and hospitality. Additionally, the rapid expansion of the quick commerce industry contributed to this hiring momentum, said apna.co, a leading jobs and professional networking platform. ...
Job postings up 20 pc in India festive season, demand surges in tier 2 and 3 cities
Job postings up 20 pc in India festive season, demand surges in tier 2 and 3 cities
Source: IANS
2024-10-28 09:40:38 am
India`s focus on expanding manufacturing sector key to create more formal, quality jobs India will need more formal and quality jobs to ensure better income distribution as it becomes a $5 trillion economy in the medium term and advances toward its long-term goal of embodying Viksit Bharat or a fully developed nation by 2047, according to a new report.  The government’s focus on expanding the manufacturing sector is critical, as transitioning workers into this sector increases the likelihood of securing formal employment, given that 51.4 per cent of manufacturing j...
India`s focus on expanding manufacturing sector key to create more formal, quality jobs
India`s focus on expanding manufacturing sector key to create more formal, quality jobs
Source: IANS
2024-10-27 04:15:04 pm
India needs more room in urban centres for people to land their first jobs: Paul Romer  India is making rapid progress and in order to become a developed nation, the next big challenge is to create more room in the urban centres for more people to move in, get their first jobs, and contribute towards building the economy, Nobel laureate Professor Paul Michael Romer said on Monday.   Speaking to IANS on the sidelines of the ‘NDTV World Summit 2024,’ Romer said that the government under Prime Minister Narendra Modi has delivered real progress for all memb...
India needs more room in urban centres for people to land their first jobs: Paul Romer
India needs more room in urban centres for people to land their first jobs: Paul Romer
Source: IANS
2024-10-21 04:37:55 pm
EPFO adds 18.53 lakh members in August, new members up amid job growth The Employees' Provident Fund Organisation (EPFO) on Sunday said it added 18.53 lakh net members in the month of August, a 9.07 per cent year-on-year growth compared to August 2023.   The EPFO enrolled around 9.30 lakh new members in August, representing an increase of 0.48 per cent in the new members from the previous year in August 2023. This signifies increased employment opportunities and heightened awareness of employee benefits, bolstered by the EPFO’s effective out...
EPFO adds 18.53 lakh members in August, new members up amid job growth
EPFO adds 18.53 lakh members in August, new members up amid job growth
Source: IANS
2024-10-21 08:49:11 am
Aussie jumps on jobs surprise, dollar holds steady The Australian dollar charged higher on Thursday after employment numbers beat forecasts for a sixth month, while the dollar held near an 11-week high as it drew additional support from a potential Trump win at the upcoming U.S. election. The highlight of the Asia day was on a press conference in China which kicked off at 0200 GMT, focused on measures to prop up the country's beleaguered property sector. The onshore yuan was steady at 7.1179 per dollar as officials were speaking, wh...
Aussie jumps on jobs surprise, dollar holds steady
Aussie jumps on jobs surprise, dollar holds steady
Source: Reuters
2024-10-17 08:51:29 am
Exports going to be major job creator for India as country moves towards becoming $5 trillion economy: Mukesh Aghi US-India Strategic Partnership Forum (USISPF) President and CEO Mukesh Aghi has emphasised that exports are going to be a major job creator for India as the country moves towards becoming a $5 trillion economy. Aghi also stressed that India and the US should continue to strengthen their economic engagements and increase the bilateral trade to $500 billion going forward. He said creating nearly 1.2 million jobs per month is going to be a challenge, highlighting the importance of job creatio...
Exports going to be major job creator for India as country moves towards becoming $5 trillion economy: Mukesh Aghi
Exports going to be major job creator for India as country moves towards becoming $5 trillion economy: Mukesh Aghi
Source: Accord Fintech
2024-10-15 11:15:02 am
Dollar holds gains made on US jobs data and Middle East flare-up Japan's yen fell to its lowest in nearly two months and other major currencies too were grappling with losses early on Monday as the dollar extended a rally sparked by Friday's strong U.S. jobs data and an escalation in the Middle East conflict. The yen fell marginally to hit 149.10 per dollar, its weakest level since Aug. 16, before paring losses to trade around 148.40. That came on top of a more than 4% decline last week, its biggest weekly percentage decline since early 2009. ...
Dollar holds gains made on US jobs data and Middle East flare-up
Dollar holds gains made on US jobs data and Middle East flare-up
Source: Reuters
2024-10-07 08:55:37 am
Dollar Soars as Strong Jobs Report Reshapes Fed Expectations By Amit Gupta , Kedia Advisory The U.S. dollar soared to a seven-week high following a strong September jobs report, which revealed a nonfarm payroll increase of 254,000—significantly surpassing expectations. This robust data prompted traders to reassess their views on Federal Reserve rate cuts, eliminating the likelihood of a 50-basis-point reduction. The dollar index reached 102.69, marking its best weekly performance since September 2022, while the euro slipped to $1.09515, and the dollar climbed to 149.02 yen. Ad...
Dollar Soars as Strong Jobs Report Reshapes Fed Expectations By Amit Gupta , Kedia Advisory
Dollar Soars as Strong Jobs Report Reshapes Fed Expectations By Amit Gupta , Kedia Advisory
Source: Kedia Advisory
2024-10-05 11:22:00 am
Employment in India up 36 pc with 17 mn jobs between 2016-17 and 2022-23: Centre Contrary to the claims of “jobless growth,” the latest government data shows that employment in India increased by 36 per cent (17 million jobs) between 2016-17 and 2022-23.  During the same period, the gross domestic product (GDP) grew at an average rate of over 6.5 per cent. Employment data from the Reserve Bank of India's KLEMS database, which relies on surveys like the Employment and Unemployment Survey (EUS) and Periodic Labour Force Survey (PLFS), indicates a ...
Employment in India up 36 pc with 17 mn jobs between 2016-17 and 2022-23: Centre
Employment in India up 36 pc with 17 mn jobs between 2016-17 and 2022-23: Centre
Source: IANS
2024-10-05 09:50:10 am
India`s renewable energy sector generated over 10 lakh jobs in 2023 Employment in the Indian renewable energy sector reached an estimated 1.02 million (10.02 lakh) in 2023, highlighting the country’s growing leadership in clean energy and its focus on creating green jobs that drive economic growth, the government said on Friday.   Hydropower was the largest employer in the renewable sector in India, providing around 453,000 jobs, and accounting for 20 per cent of the global total, second only to China. The solar PV sector in the country emplo...
India`s renewable energy sector generated over 10 lakh jobs in 2023
India`s renewable energy sector generated over 10 lakh jobs in 2023
Source: IANS
2024-10-04 01:51:58 pm
India`s white-collar jobs see 6 pc growth in September, IT sector bounces back India’s white-collar hiring activity saw a strong 6 per cent growth (year-on-year) growth in September, driven by a resurgence in IT (18 per cent) and FMCG (23 per cent) sectors, a report said on Friday.  Artificial intelligence/machine learning (AI/ML) roles also surged by 31 per cent, reflecting the increasing demand for tech talent. According to the Naukri JobSpeak Index, India's leading indicator of white-collar hiring activity reached 2,727 points in September. Secto...
India`s white-collar jobs see 6 pc growth in September, IT sector bounces back
India`s white-collar jobs see 6 pc growth in September, IT sector bounces back
Source: IANS
2024-10-04 01:42:41 pm
Job demand for tech roles in India to grow by 22 pc in next 2 years Job demand for technology-specific roles in India has grown by 17 per cent in the past 12 months, and is projected to increase by 22 per cent over the next 24 months, according to a report on Thursday.  This marks a 39 per cent positive transition in the IT talent ecosystem post the economic slowdown, according to NLB Services, a global technology and digital talent solutions provider. The global capability centre (GCC)-led hiring in India is expected to surge by 15 per cent year-o...
Job demand for tech roles in India to grow by 22 pc in next 2 years
Job demand for tech roles in India to grow by 22 pc in next 2 years
Source: IANS
2024-10-03 11:38:35 am
'Job creation powerhouse': FM Nirmala Sitharaman credits PM Narendra Modi for manufacturing sector boost Finance Minister Nirmala Sitharaman on Tuesday credited Prime Minister Narendra Modi for the recently reported remarkable surge in manufacturing jobs and wages for workers in FY 23, where they have risen by 7.6 per cent and 5.5 per cent, respectively, saying under his leadership, the sector has "not only rebounded but is now thriving".  As per the government's Annual Survey of Industries 2022-23, nationwide employment in the sector has achieved a laudable rise from 1.6 c...
'Job creation powerhouse': FM Nirmala Sitharaman credits PM Narendra Modi for manufacturing sector boost
'Job creation powerhouse': FM Nirmala Sitharaman credits PM Narendra Modi for manufacturing sector boost
Source: IANS
2024-10-02 10:16:36 am
Manufacturing industries clock 7.4 pc job growth in India, highest in over a decade The total estimated employment in manufacturing industries showed a robust growth of 7.4 per cent in the fiscal 2022-23 over the previous year, according to the latest government data.  The employment rose to 1.84 crore in 2022-23 from 1.72 crore in 2021-22 — highest-ever increase in the sector in more than a decade, as per data by the Ministry of Statistics and Programme Implementation (MoSPI). The top five states employing highest number of persons in this sector were Tamil...
Manufacturing industries clock 7.4 pc job growth in India, highest in over a decade
Manufacturing industries clock 7.4 pc job growth in India, highest in over a decade
Source: IANS
2024-10-01 09:39:42 am
`Cruise Bharat Mission` to double passengers, create 4 lakh new jobs: Centre The government on Monday launched the ‘Cruise Bharat Mission’ to double cruise calls and passengers within five years while creating 4 lakh new jobs.  Union Minister of Ports, Shipping and Waterways, Sarbananda Sonowal, said the aim is to tap the tremendous potential of cruise tourism in the country. The ‘Cruise Bharat Mission’ will result in over 1.5 million river cruise passengers over more than 5,000 km of operational waterways in the country. It will be ...
`Cruise Bharat Mission` to double passengers, create 4 lakh new jobs: Centre
`Cruise Bharat Mission` to double passengers, create 4 lakh new jobs: Centre
Source: IANS
2024-10-01 09:25:10 am
Government prepares road map for creating 4.5-6 crore jobs in textile sector by 2030: Giriraj Singh Union Minister Giriraj Singh has said that the government has prepared a road map for creating 4.5-6 crore jobs in the textile sector by 2030. He also asserted that efforts are being made to take the sector's market size to $350 billion from around $165 billion at present. He noted that the seven PM-MITRA integrated mega textile parks approved earlier will have investment to the tune of Rs 70,000 crore when fully functional, thereby creating 21 lakh jobs.  The minister said that t...
Government prepares road map for creating 4.5-6 crore jobs in textile sector by 2030: Giriraj Singh
Government prepares road map for creating 4.5-6 crore jobs in textile sector by 2030: Giriraj Singh
Source: Accord Fintech
2024-09-30 11:45:12 am
16 companies pick candidates for over 1,000 jobs at Delhi job fair: IT Ministry Sixteen companies shortlisted candidates against more than 1,000 job openings in their respective companies at a job fair organised by the National Institute of Electronics and Information Technology (NIELIT) here, the IT Ministry informed on Sunday.  Dr Madan Mohan Tripathi, Director General, NIELIT, said that at least 6,000 offer letters have been given in the job fairs organised by NIELIT across the country last year and the number is set to increase this year. “The job fa...
16 companies pick candidates for over 1,000 jobs at Delhi job fair: IT Ministry
16 companies pick candidates for over 1,000 jobs at Delhi job fair: IT Ministry
Source: IANS
2024-09-30 08:43:01 am
Investments under PLI set to reach Rs 2 lakh crore with 12 lakh jobs, industry elated  Union Commerce Minister Piyush Goyal on Sunday said that the production-linked incentive (PLI) scheme has been a great success in terms of attracting investments and increasing exports, as actual investment is likely to reach Rs 2 lakh crore in the next year with 12 lakh jobs.  Engaging with the CEOs of over 140 PLI beneficiary companies in the national capital, Minister Goyal lauded them for bringing innovation, making India self-reliant in vital sectors and generating employme...
Investments under PLI set to reach Rs 2 lakh crore with 12 lakh jobs, industry elated
Investments under PLI set to reach Rs 2 lakh crore with 12 lakh jobs, industry elated
Source: IANS
2024-09-30 08:39:21 am
Textiles industry to grow to $350 billion by 2030, create up to 6 crore jobs: Centre The Indian textiles industry is estimated to grow to $350 billion by 2030, generating 4.5-6 crore jobs, the government said on Friday.  Setting a target of 50,000 metric tonne silk production and employment generation of 1 crore by 2030, Union Textiles Minister Giriraj Singh said cultivation of silk is linked to employment generation of farmers. The minister further said that the Eri Sericulture Promotional Project launched in Gujarat will be expanded across the country benefitting...
Textiles industry to grow to $350 billion by 2030, create up to 6 crore jobs: Centre
Textiles industry to grow to $350 billion by 2030, create up to 6 crore jobs: Centre
Source: IANS
2024-09-27 05:17:10 pm
Labour Ministry partners with Amazon to boost job accessibility in India  The Ministry of Labour and Employment on Thursday signed a Memorandum of Understanding (MoU) with e-commerce giant Amazon in a significant step toward enhancing employment accessibility in India.  The MoU, initially set for a period of two years, makes a joint commitment to leverage the National Career Service (NCS) portal for boosting job opportunities in the country. It will, in particular, promote job opportunities for women and divyang candidates. “With our partn...
Labour Ministry partners with Amazon to boost job accessibility in India
Labour Ministry partners with Amazon to boost job accessibility in India
Source: IANS
2024-09-27 09:30:35 am
India`s tourism sector poised to create 39.5 million jobs by year end India’s tourism sector is poised to create approximately 39.5 million jobs by the end of year which is likely to rise to 42.3 million employment opportunities by 2025, a report showed on Thursday.  Direct employment will account for 31 per cent of these roles, including positions like tour guides, hotel staff, and tour operators, according to NLB Services, a technology and digital talent solutions provider. “Meanwhile, indirect employment will make up 69 per cent with j...
India`s tourism sector poised to create 39.5 million jobs by year end
India`s tourism sector poised to create 39.5 million jobs by year end
Source: IANS
2024-09-26 06:22:55 pm
EPFO adds highest-ever 19.94 lakh members in July, surge in 1st-time job seekers The Employees' Provident Fund Organisation (EPFO) added 19.94 lakh net members in the month of July, marking the highest recorded increase since payroll data tracking began in April 2018, data from the Ministry of Labour and Employment showed on Monday.  The EPFO added 10.52 lakh new members in July, a 2.66 per cent increase over June and a 2.43 per cent rise compared to the same month last year. The surge in new memberships can be attributed to growing employment opportunities...
EPFO adds highest-ever 19.94 lakh members in July, surge in 1st-time job seekers
EPFO adds highest-ever 19.94 lakh members in July, surge in 1st-time job seekers
Source: IANS
2024-09-23 04:39:29 pm
MSME initiatives in first 100 days to boost entrepreneurship, create more jobs: Minister The various initiatives launched over the past 100 days are aimed at promoting growth, boosting entrepreneurship, creating employment opportunities, Union Minister for Micro Small and Medium Enterprises, Jitan Ram Majhi, said here on Tuesday.  The achievements are reflective of the government’s commitment to ensuring the sustainable growth of the MSME sector, fostering innovation, and enhancing job creation, the minister told reporters. Majhi informed that the MSME sector has...
MSME initiatives in first 100 days to boost entrepreneurship, create more jobs: Minister
MSME initiatives in first 100 days to boost entrepreneurship, create more jobs: Minister
Source: IANS
2024-09-18 08:40:33 am
Green Hydrogen a historic opportunity to redefine energy systems, create jobs in India India has ushered into a new era of energy transition driven by a shared commitment to advancing the ‘Hydrogen Agenda’, Minister of State for Power and New and Renewable Energy, Shripad Naik, has said.  The Green Hydrogen commitment is a historic opportunity to redefine energy systems, create jobs and secure a cleaner planet for future generations. Addressing the International Conference on Green Hydrogen (ICGH-2024), Naik emphasised the government's unwavering comm...
Green Hydrogen a historic opportunity to redefine energy systems, create jobs in India
Green Hydrogen a historic opportunity to redefine energy systems, create jobs in India
Source: IANS
2024-09-14 10:37:27 am
HP, Padget to manufacture laptops, PCs in India, create 1,500 direct jobs: Ashwini Vaishnaw Union Electronics and IT Minister Ashwini Vaishnaw on Monday announced that consumer electronics majors HP Inc and Padget Electronics have signed an MoU to manufacture HP laptops, personal computers, and All-in-One PCs at a factory in Tamil Nadu.   Vaishnaw, who is also the Union Minister for Railways and I&B, told reporters here that this is a major success for the production-linked incentive (PLI) scheme under Prime Minister Narendra Modi’s ‘Make in India’ ...
HP, Padget to manufacture laptops, PCs in India, create 1,500 direct jobs: Ashwini Vaishnaw
HP, Padget to manufacture laptops, PCs in India, create 1,500 direct jobs: Ashwini Vaishnaw
Source: IANS
2024-09-10 09:27:24 am
India ACC battery manufacturing to woo $9 bn investment in 5 years, create 50K jobs The advanced chemistry cell (ACC) battery and associated components manufacturing sector in India is likely to attract a cumulative investment of $9 billion (Rs 7.5 lakh crore) in next 5 years, according to latest industry data.  The ACC manufacturing industry has the potential to create 50,000 direct jobs during this period, according to the India Energy Storage Alliance (IESA). The IESA has been seeking parity of policy between ACC-PLI bid winners and non-PLI companies for issuin...
India ACC battery manufacturing to woo $9 bn investment in 5 years, create 50K jobs
India ACC battery manufacturing to woo $9 bn investment in 5 years, create 50K jobs
Source: IANS
2024-09-07 03:04:26 pm
Gold lacks momentum as investors cautious ahead of US jobs data Gold was little changed on Thursday as investors kept to the sidelines ahead of U.S. payrolls data that could provide more clues on the size of an expected rate cut this month. Spot gold was nearly unchanged at $2,497.47 per ounce by 0222 GMT. U.S. gold futures rose 0.1% to $2,527.60. Non-yielding bullion tends to perform well when interest rates are low. It is also considered a hedge against economic and political uncertainties. Data overnight showed that U.S. job openings dropped t...
Gold lacks momentum as investors cautious ahead of US jobs data
Gold lacks momentum as investors cautious ahead of US jobs data
Source: Reuters
2024-09-05 08:58:13 am
Surge in white-collar jobs in India, IT roles in demand  There has been a significant surge in the white-collar job market in India as 73 per cent of employers actively hired between April and June, according to a report on Thursday.  The report by Indeed, a global matching and hiring platform, showed that this is a 7 per cent increase from the previous quarter (January-March 2024) indicative of a clear momentum building in key sectors despite broader economic challenges. It also showed that the demand for IT roles remains robust, ...
Surge in white-collar jobs in India, IT roles in demand
Surge in white-collar jobs in India, IT roles in demand
Source: IANS
2024-08-29 01:38:41 pm
Government approves 12 projects worth Rs 28,602 cr to transform industrial landscape, create 40 lakh jobs  In a landmark decision, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved 12 new project proposals under the National Industrial Corridor Development Programme (NICDP) worth Rs 28,602 crore.  The decision is expected to generate significant employment opportunities, with an estimated 1 million direct jobs and up to 3 million indirect jobs through planned industrialisation. These industrial nodes will act as cataly...
Government approves 12 projects worth Rs 28,602 cr to transform industrial landscape, create 40 lakh jobs
Government approves 12 projects worth Rs 28,602 cr to transform industrial landscape, create 40 lakh jobs
Source: IANS
2024-08-28 05:15:40 pm
PLI booster: Apple ecosystem to create 5-6 lakh jobs in India Riding on robust local production as iPhone manufacturing plants in India continue to create new export records each month, Apple is all set to create 5-6 lakh jobs (direct and indirect) in the coming 1-2 years.  As iPhone exports continue to clock around $1 billion each month thanks to the government’s production-linked incentive (PLI) scheme, the tech giant employs about 2 lakh people, dominated by women employees, across its supply chain that includes vendors and component su...
PLI booster: Apple ecosystem to create 5-6 lakh jobs in India
PLI booster: Apple ecosystem to create 5-6 lakh jobs in India
Source: IANS
2024-08-27 11:00:31 am
Cabinet approves BioE3 Policy to boost green economy, create more jobs The Union Cabinet, chaired by Prime Minister Narendra Modi, on Saturday approved the 'BioE3 (Biotechnology for Economy, Environment and Employment) Policy for Fostering High Performance Biomanufacturing' of the Department of Biotechnology aimed at accelerating India's transition to green growth and a Net Zero carbon economy.  The salient features of BioE3 policy include innovation-driven support to R&D and entrepreneurship across thematic sectors. This will acceler...
Cabinet approves BioE3 Policy to boost green economy, create more jobs
Cabinet approves BioE3 Policy to boost green economy, create more jobs
Source: IANS
2024-08-25 08:59:09 am
Job searches from abroad to India surge 60 pc amid thriving economy  Driven by growing interest in the country’s thriving technology, engineering and digital services sectors amid overall economic growth, job searches from abroad to India have surged by nearly 60 per cent since June 2021, a report revealed on Thursday.  The country is rapidly becoming a top destination for talent, while blue-collar workers are adapting to new market demands, according to data from Indeed, a leading global hiring and matching platform. The UAE, the US and...
Job searches from abroad to India surge 60 pc amid thriving economy
Job searches from abroad to India surge 60 pc amid thriving economy
Source: IANS
2024-08-22 11:47:01 am