Page 4 - Employment

Govt negotiating with Gail to employ 34 people troubled by JBF crisis

The Karnataka government is in talks with the Centre to provide jobs at Gas Authority of India Limited to 34 employees who are left in the lurch due to a financial crisis in JBF Industries Ltd, state Large and Medium Industries minister MB Patil said on Tuesday in the legislative council. He was replying to a question by Congress member Manjunath Bhandari. The minister said that talks will be held again with top officials of GAIL. The minister's reference was to 34 people who were evicted after they gave their lands to JBF Industries Ltd in Mangalore Special Economic Zone (SEZ). According to the government rules, the company should have employed 115 such people who gave up their land for the project. Later, the company employed only 81 of them in 2012. However, the company ran into a financial crisis in 2017 and was handed over to Gas Authority of India Ltd (GAIL) as per the process held at NCLT (National Company Law Tribunal). Though GAIL paid them wages till March 2023, problem

NDA provided 1.5x more govt jobs than UPA, says PM Narendra Modi

He said the share of women in new appointments in Rojgar Melas had gone up to 18-20 per cent compared to the 7-8 per cent share in the appointments made by the previous government

Uttar Pradesh govt targets 1 million tonne capacity and 120,000 jobs

The state had received investment proposals worth Rs 2.73 trillion for green hydrogen plants from 20 companies at the UP Global Investors Summit in February 2023

White-collar hiring falls 11% annually in Jan, up 1% sequentially : Report

Hiring of white-collar workers fell 11 per cent on an annual basis in January, while it sequentially rose 1 per cent during the same period, a report said on Tuesday. On a year-on-year basis, the overall hiring in the IT sector declined 19 per cent in January this year. However, healthcare, hospitality and FMCG witnessed annual job growth last month in an otherwise cautious market, according to Naukri JobSpeak Index. The Naukri JobSpeak is a monthly index representing the state of the Indian job market and hiring activity based on new job listings and job-related searches by recruiters on the resume database of Naukri.com. As per the report, hiring for niche AI-related roles such as machine learning engineer and full stack AI scientist jumped 46 per cent and 23 per cent, respectively, year-on-year. On an annual basis, hiring in the healthcare sector rose 7 per cent in January with maximum increase in demand for administrative roles. Recruitment in the travel and hospitality sector

'Marginal' dip in manufacturing jobs during Covid-19 pandemic: ASI

According to ASI data, the employment in the manufacturing sector during the Covid pandemic year (FY21) declined by 3.2 per cent (year-on-year) to 16.08 million

Hiring activity down 5% in January, but registers sequential rise: Report

Hiring activity saw a 5 per cent decline in January, while sequentially it was up 3 per cent, a report said on Monday. The sequential increase was largely due to an improvement in demand for skilled talent in the tourism, telecom, and Banking, Financial Services and Insurance (BFSI) industries, foundit Insights Tracker said in the report. The hiring activity was down 5 per cent in January compared to the same month last year, it said. "...we could trace the steady growth of the tourism industry, which aligns with global trends and the government's interests," Sekhar Garisa, CEO, foundit (previously Monster APAC and ME), a Quess company, said. He said the Budget's focus on developing iconic tourist destinations and promoting spiritual tourism aligns with the increasing demand for unique and immersive travel experiences. "This forward-thinking approach aligns perfectly with the evolving trends we observed at foundit, where the travel and tourism sector has seen an impressive 21 per

Aiims signs MoU to enhance employability of rheumatologic patients

The rheumatology department at AIIMS, Delhi has inked an MoU with the directorate general of employment, Ministry of Labour and Employment to enhance the employability of patients with rheumatogical disabilities, facilitate skill certifications and open new vocational avenues for them. This collaboration, marked by a Memorandum of Understanding (MoU) signing event on February 1 in Shram Shakti Bhawan is a significant stride towards uplifting the lives of individuals afflicted with rheumatological diseases, the AIIMS said in a statement. "The MoU is a beacon of hope for those battling disabilities due to rheumatic conditions, offering a pathway to skill certification and meaningful employment. This initiative aims to alleviate caregiver burdens and enhance life quality for these patients," Dr Uma Kumar, head of department at AIIMS said. Kumar commended the efforts of the Directorate General of Employment towards integrating persons with disabilities into the workforce. "This MoU mar

Nasdaq planning to cut hundreds of jobs amid integration of Adenza

Nasdaq is considering cutting some positions and may reallocate others in a bid to minimize redundancies, according to people familiar with the matter

40% of global employment could be disrupted by Artificial Intelligence: IMF

IMF chief Kristalina Georgieva raised concerns over the potential deepening of inequality and urged governments to take proactive measures during a Sunday blog post

Tata Power, Adani lead Rs 6.64 trn funding plans at TN Investor Meet

Among the investors, Tata Power ranked on the top by signing deals to invest Rs 70,000 crore to come up with 10 gigawatt (GW) solar and wind units in Tamil Nadu over a period of five to seven years

Jobs, jobs, jobs

India needs to optimise capital allocation for enhanced employment opportunities

Vibrant Gujarat Summit: Investment push to create employment opportunities

Gujarat's commitment to progress is evident not only in its thriving economy but also in employment statistics, with the state having the labour force participation rate of 44.3 per cent and worker population ratio of 43.3 per cent for all age groups, officials said. The Gujarat government's thrust to create opportunities and foster a thriving workforce is evident in its numbers and expert analysis. May be other states can adapt this model to lower their unemployment numbers, Chief Minister Bhupendra Patel said at a function recently. Gujarat's unemployment rate of 2.2 per cent is considerably lower than the national average of 4.2 per cent, thanks to the conducive investment environment created by the government that adds to job creation, as per government data. More than 2,700 Memorandums of Understanding (MoU) signed by investors with the state government so far in the run up to the Vibrant Gujarat Global Summit to be organised from January 10 to 12 have the potential to generate

Govt cleared 746 PLI applications till November for different sectors

As many as 746 applications have been approved till November 2023 under the Production Linked Incentive (PLI) schemes for 14 sectors such as pharma, white goods, and electronics, an official statement said on Tuesday. The schemes for 14 sectors were announced with an outlay of Rs 1.97 lakh crore to enhance India's manufacturing capabilities and exports. The commerce and industry ministry said that beneficiary companies have set up units in more than 150 districts (24 states) and over Rs 95,000 crore of investment has been reported till September, which has led to production/sales of Rs 7.80 lakh crore and employment generation of over 6.4 lakh. "746 applications have been approved till November 2023... Incentives worth around Rs 2,900 crores have been disbursed in 2022-23. There has been a value addition of 20 per cent in mobile manufacturing within a period of 3 years," the statement said. It added that of the USD 101 billion worth of total electronics production in 2022-23, ...

Flexi-staffing industry records four-quarter high growth in Q2: Report

The IT services sector is opening up new employment opportunities, driven by high volumes

Is MGNREGA work demand real sign of distress or problem lies elsewhere?

In FY23, around 87.5 million people worked under the scheme, according to the MGNREGA website. Till December 12 in FY24, approximately 72.6 million people had worked under the scheme

India is labour-rich country, can get to 8% growth: NITI Aayog VC Bery

India has potential to grow at 8 per cent as the country is labour-rich with enough institutional maturity of a functioning democracy, NITI Aayog vice chairman Suman Bery said on Thursday. Bery also cautioned the reality is that the north of India has not been traditionally doing as well as the south of India and this can create tensions in a federal polity. "So 8 per cent growth or something approximating that means continuous change that needs to be politically managed," he said while addressing the Global Economic Policy Forum 2023, organised by the Confederation of Indian Industry (CII) and the finance ministry. According to Bery, the modernisation journey of India is unusual and unique. "And if I wanted to bet on India for the next 25 years, I would point to first, the fact that we are not labour constrained in a world which is increasingly labour constrained, but much more importantly, that we have the institutional maturity of a functioning democracy with established rules o

Hiring activity for white-collar jobs dips 12% during Oct-Nov: Report

Hiring activity for white-collar jobs witnessed a 12 per cent on-year decline during October-November largely due to fall in recruitment trends in IT-Software, telecom and education sectors, a report said on Thursday. White-collar recruitment during October-November declined by 12 per cent with 2,433 job postings, compared to 2,781 during the corresponding months in 2022, according to the Naukri JobSpeak Index. The Naukri JobSpeak is a monthly Index representing the state of the Indian job market and hiring activity based on new job listings and job-related searches by recruiters on the resume database of Naukri.com. While, telcom, education, retailing sectors witnessed 18 per cent, 17 per cent and 11 per cent decline, respectively, during October-November compared with the same months in 2022, sectors like hospitality, travel, auto and auto ancillary the hiring trend was stagnant, the report said. Meanwhile, Oil and Gas sectors recorded 9 per cent increase in hiring in the ...

Congress will provide work to unemployed in Telangana: Digvijaya Singh

The state is poised for a three-cornered contest between the ruling BRS, which is bidding to return to the hustings for a third straight term, the Congress, and a resurgent BJP

India planning labour supply pact with Taiwan while China tensions brew

Taiwan could hire as many as 100,000 Indians to work at factories, farms and hospitals, the officials said, asking not to be identified as the discussions are private

European planemaker Airbus looks to support 50% more jobs by 2025

Airbus procures components and services worth $750 million every year from India