Prime Minister Manmohan Singh signals shift, dwells on need to improve employment conditions
Patna: Bihar Chief Minister Nitish Kumar defended on Thursday his repeated demand for special status to the state saying it (the status) will boost private investment in a big way to accelerate its industrial development. "I am pushing for grant of special status to Bihar only to bring private investment in a big way to expedite industrialisation process for generation of employment opportunities," he said in a function at Pataliputra industrial area after inaugurating a diamond cutting unit, the first of its kind in the state.
Kumar said the present was as good as it gets for investors, who should take advantage of the positive atmosphere and make investments in Bihar.
The special status brings with it tax concessions and the investors pumping their money in industrial units in Bihar will benefit from the incentives if the Centre grants his demand, the chief minister said. Claiming that the law and order situation in the state has improved, he said the present was as good as it gets for investors, who should take advantage of the positive atmosphere and make investments in Bihar. "If any investor has doubt about the law and order situation in Bihar, then such an investor should confirm it with the director general of police before taking the decision," Kumar said. Read more
Source : ibnlive.in.com
Minister for Municipal Administration and Urban Development M Maheedhar Reddy on Monday directed GHMC Commissioner MT Krishna Babu to gather information on regularisation of outsourced jobs/employees from the APSRTC, Singareni, Tourism, Endowments and other government departments.
M Maheedhar Reddy, Municipal Administration Minister
The Minister, who held a meeting with the Commissioner and recognised union members to settle the issues of the employees’ union in his chambers, said the government would extend support to solve the problems of the employees which are legally bound. Read more
Source : newindianexpress.com
NEW DELHI: The government will soon provide loans at a subsidised rate of 7% to women's self-help groups (SHGs) under the National Rural Livelihood Mission (NRLM) to promote self employment among rural womenfolk.
"Under the current plan, the total expenditure in the current year will be around Rs 1,650 crore, of which Rs 1,400 crore will be borne by the central government and the remaining Rs 250 crore by the respective states," rural development minister Jairam Ramesh said on Monday. Read more
Source : economictimes.indiatimes.com
New Delhi: The total number of professionals working in India's USD 100 billion IT-Information Technology Enabled Services (IT-ITeS) sector grew by 7 percent to 2.97 million in the last fiscal, Parliament was informed Friday.
The IT-ITeS sector, which contributes about 8 percent to the country's economy, provided employment to 2.77 million professionals in 2011-12 fiscal, Minister of State for Communications and IT Milind Deora said in a written reply in Rajya Sabha. Read more
Source : zeenews.india.com
P Chidambaram who is chair of board of governors in ADB could not make it to the first day of ADB anual meet
Takehiko Nakao, ADB
Greater Noida (Uttar Pradesh) : As critics accuse India's growth story of not creating enough jobs, the Asian Development Bank (ADB) today asked the country to reduce "burdensome" regulations to unleash the potential of services sector and improve investment climate to boost manufacturing so that young hands could be employed.
On its opening day of 46th annual meeting here, Takehiko Nakao said,"considering India’s young and growing labour force, the service sector needs to create more jobs for the millions who will join the workforce every year. We all know that India has to reduce burdensome regulations to allow the sector to be more competitive and dynamic." Read more
Source : www.business-standard.com
NEW DELHI: India's attractiveness among the expat professionals as a potential workplace has taken a major hit in the wake of recent cases of rape incidents and attacks on foreigners, a survey says.
Also, the hiring of expat professionals in India is expected to decline by 15-20 per cent this year, after a rise of 18 per cent in 2012.
The survey, conducted among 2,200 expat professionals, found that 72 per cent of the respondents who were keen to work in India in the first half of 2012 are now shifting their attention to countries like Philippines, Gulf/Middle East, Hong Kong and Singapore, among others. Read more
Source : economictimes.indiatimes.com
Multitudes have to be connected to modernity for our great leap forward
A group of BPO recruits at a training session in Uttarakhand
It has become a cliche to speak of India as a land of paradoxes. The old joke about our country is that anything you say about India, the opposite is also true. We like to think of ourselves as an ancient civilisation but we are also a young republic; our IT experts stride confidently into the twenty-first century but much of our population seems to live in each of the other twenty centuries. Quite often, the opposites coexist quite cheerfully. One of my favourite images of India is from the last Kumbh Mela, of a naked sadhu, straight out of central casting, with matted hair, ash-smeared forehead and scraggly beard, a rudraksha mala around his scrawny neck and a distant gaze in his eyes, for all the world a picture of timeless other-worldliness, chatting away on a mobile phone.
Young Indians are growing into such a paradoxical India. What are the prospects for the expansion of the participative political space in tomorrow’s India, say over the next two decades? To me this desirable objective requires both growth and equity. It is happening, but there’s still a lot that needs to be done before we get there. Read more
Source : www.outlookindia.com
British diplomat says change in visa norms have affected influx of students.
James Bevan
Describing the perception that ‘Indians could no longer work in the UK after graduation’ as a ‘myth’, British high commissioner to India James Bevan said that in fact it is quite the opposite scenario.
Indian students could work for up to six years after graduating, provided they get ‘graduate-level jobs’ that pay at least £25,000 a year, according to Bevan. He spoke on Wednesday during a press conference held in a city hotel. Read more
Source : www.dnaindia.com
The party is seeking to return to power after a gap of seven years
The Congress on Wednesday unveiled a series of promises to the citizens of Karnataka, including 1 kg rice at Re 1 with a maximum of 30 kg for below poverty line card holders, interest-free loans to farmers and free laptops to pre-university students, if it returns to power. Assembly elections are being held on May 5.
The party, which is seeking to return to power after a gap of seven years, has also promised to develop an 8-lane expressway between Bidar in the North to Chamarajanagar in the South to promote industrial development. Connectivity with major ports and airports, industrial townships, promotion of garments, textiles, engineering, automobile industries and creation of 5 million jobs are some of the other promises included in the party's pre-poll manifesto. Read more
Source : www.business-standard.com
New Delhi : The comptroller and auditor general has said that the government’s flagship rural employment scheme is disconnected from the poverty regions of the country, suggesting that proper implementation would have improved the lot of the poor.
A CAG report auditing the performance of the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) between April 2007 and March 2012 says that Bihar, Maharashtra and Uttar Pradesh account for 46% of India’s rural poor but the states were able to utilise only 20% of the funds spent nationally. Read more
Source : www.hindustantimes.com
Reggie Aggarwal is the founder and CEO of Cvent, an online event management company co-located out of Washington, DC and Gurgaon. With about 60 of the top engineering positions in his US operations lying vacant, Aggarwal has a problem.
Source : timesofindia.indiatimes.com
KOLKATA: Realising the need for cordial relations with workers and trade unions with the industry after incidents like that at Manesar, employers have begun a process to create 'templates' that may result in recommendations to the Union government for labour reforms.
"Currently, industry bodies of behalf of employers like CII,Ficci, Assocham, Employers' Federation of India (EFI),SIAM and Scope along with a few other bodies are working together creating process templates," EFI secretary general Sharad S Patil said here today. Read more
Source : articles.economictimes.indiatimes.com
Kolkata: West Bengal Chief Minister Mamata Banerjee on Saturday blamed the Congress-led United Progressive Alliance (UPA) government in New Delhi for playing "sheer politics" by not yet releasing its share of the funds for the rural job scheme.
The rural job scheme provides 100 days wage employment to every household, whose adult members volunteer to do unskilled manual work.
Bengal's spending on the 100 days of jobs provided under Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) was the country's highest at Rs. 4,408.70 crore, as against a total fund availability of Rs. 4,108.03 crore, the chief minister claimed. Read more
Source : ibnlive.in.com
Technology boom has brought higher incomes but slums proliferate and services are squeezed in crowded 'garden city'
• Urbanisation can be 'force for good'
People walk through Infosys headquarters in Bengaluru, India. Photograph: Getty
Bengaluru was a lovely city until the IT crowd ruined it, so goes the joke.
"The reason the IT sector came to the city was its reputation as a great city to live in," a resident told me on a recent visit. "Of course, technology created jobs, but the city has grown so fast and become too crowded." Read more
Source : www.guardian.co.uk
This demographic potential offers India and its economy an unprecedented edge
Every third person in an Indian city today is a youth. In about seven years, the median individual in India will be 29 years, very likely a city-dweller, making it the youngest country in the world. India is set to experience a dynamic transformation as the population burden of the past turns into a demographic dividend, but the benefits will be tempered with social and spatial inequalities.
These are some of the findings of the ‘State of the Urban Youth, India 2012: Employment, Livelihoods, Skills,’ a report published by IRIS Knowledge Foundation in collaboration with UN-HABITAT. Read more
Source : www.thehindu.com
WASHINGTON: As the US moves forward to reform its immigration system, India has said that a generous American visa policy for the country's high-skilled workers would help everyone and both nations will emerge as winners.
"We respectfully urge that they consider the impact of their decisions on the ability of both US and foreign-based companies to expand now and in the future," Indian Ambassador to the US Nirupama Rao wrote in an opinion piece in the 'USA Today'. Read more
Source : economictimes.indiatimes.com
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