FUTURE JOB PROSPECTS
New Recruitment Policy: CISF and BSF set aside 10% constable jobs for former Agniveers
India's government has allocated 10% of CISF and BSF constable positions for former Agniveers under the Agnipath scheme, aimed at rejuvenating security forces with younger recruits. This move follows debates in Parliament over the scheme's effectiveness. CISF and BSF directors detailed the recruitment process, highlighting exemptions and age relaxations for ex-Agniveers. The initiative aims to integrate experienced personnel into critical security roles, reflecting the government's commitment to strengthening national security.
India created over 80 million jobs from FY’18 to FY’22, says ministry of labour and employment
Quoting the data from the Periodic Labour Force Survey and the KLEMS data of the Reserve Bank of India, the ministry said on Monday that this translated to an average of over 20 million jobs or employment per year and demonstrates the effectiveness of various government initiatives aimed at boosting employment across sectors.
Dollar stays lower after US jobs data; euro up ahead of French election
Nonfarm U.S. payrolls increased by 206,000 jobs last month, the Labor Department report showed. Data for May was revised sharply down to show 218,000 jobs added instead of the previously reported 272,000. The unemployment rate rose to 4.1%, slightly higher than the estimated 4.0%.
As millions vote in UK polls, future of PM Rishi Sunak and his party hangs in balance
Millions of voters in the UK cast their ballots in a historic general election where Rishi Sunak, Britain’s first Prime Minister of Indian origin, faces a tough battle against anti-incumbency after 14 years. Sunak and Labour leader Keir Starmer were among the early voters, with polls predicting a possible Labour landslide. Candidates from various parties are contesting for a majority in the 650 constituencies, with the first results expected late on polling day.
Global stocks hit peak level before US jobs data: Markets wrap
Global equities maintain record highs ahead of US jobs data. Markets anticipate potential Fed rate cuts. Emerging market equities benefit from soft US economic data. UK Labour Party projected to win big, impacting Conservative performance. France prepares for final round of parliamentary elections.
Strong ER&D demand helps IT buck overall soft hiring trend
India's $250 billion IT services industry is facing sluggish hiring, but a bright spot is emerging in Engineering, Research & Development (ER&D). Demand for ER&D services is surging, driving a 15% increase in recruitment for these roles. Staffing firms report that tech companies are ramping up ER&D hiring to stay competitive in the global market.
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As tech grip on medical industry becomes stronger, it creates space for new jobs profiles
Ebenazer Paul highlights the increasing demand for skilled professionals in medical billing and coding, driven by technological advancements and evolving healthcare regulations. The industry offers diverse opportunities for growth and specialization, with a focus on continuous education and certifications to stay competitive.
Apple supplier Foxconn rejects married women from India iPhone jobs
A former human-resources executive at Foxconn India said the company's executives verbally convey the recruitment rules to its Indian hiring agencies, which Foxconn tasks with scouting for candidates, bringing them in for interviews and employing them.
View: Some suggestions for systemic improvements to minimise, or stop, future NEET-NET-type leaks
Recent events have put the National Testing Agency (NTA) under scrutiny due to the leakage of the NEET-UG test paper, impacting admission to medical colleges. With over 2 million students taking the NEET exam annually for around 1 lakh competitive seats, the stakes are high for career-defining opportunities.
Oil prices slip as rate hike worries come into focus
Crude oil futures slid on Friday due to higher interest rates in Asia and the U.S., with Brent futures at $85.60 and U.S. crude at $81.20. Japan's core consumer prices rose by 2.5% from last year.
Why AI's future is Indian: SenseAI survey shows how India is at a turning point
One of the key revelations is that SaaS has emerged as the dominant business model among the startups in a survey, indicating a growing preference for cloud-based AI solutions.
Asia shares rally on hopes for more rate cuts this week
Asian share markets rose on Monday as investors anticipated rate cuts by the European Central Bank and possibly the Bank of Canada. Sticky inflation may prolong the easing process.
Fake job offers in India or abroad: How to spot a fraudulent job offer, know the full list of authorised agents for foreign jobs
Fake job offers: India is such a country where millions of young people reside and many of them are searching for a job either within India or abroad. Younger people have aspirations and enthusiasm which fraudsters are using to dupe them with fake job offers. In the recent past many young Indians were taken abroad to work in scam jobs, etc.
Future of green jobs holds immense promise in India: Ramesh Alluri Reddy, TeamLease Degree Apprenticeship
India’s transition towards sustainability holds immense potential in creating new employment opportunities.
Safety, Inflation, Jobs: What issues brought Delhi's women voters to the ballot box on Saturday
Women in Delhi, from various backgrounds and age groups, turned out in large numbers to vote in the Lok Sabha elections, highlighting issues such as women's safety, inflation, and employment. This article delves into the perspectives and priorities of women voters across the city.
Is it a good idea for laid off H-1B workers to switch to a US tourist visa, and back again?
When laid-off H-1B workers consider transitioning to B-1/B-2 visitor status for job searching, they gain valuable time and a streamlined process back to H-1B, endorsed by USCIS. This strategic move offers a safety net and opportunity for a successful career transition in the U.S.
UK's July general election: Impact on India FTA, Indo-Pacific tilt
While political analysts and strategic experts have expressed confidence that very little should change on the bilateral relationship front whatever the outcome in either election, the very small window that was open for a deal being clinched by the Sunak-led Tory government has now been swept away in the election wave of both countries.
India achieves $5 trillion market capitalization milestone, triples in a decade of economic progress
India's market capitalisation crossed $5 tn, tripling in a decade. Domestic ownership increased as foreign institutional ownership fell. GDP is expected to reach $5 tn in 3 years, $7 tn by 2030.
Boom in e-commerce opens door for multiple jobs at all levels
The e-commerce industry is booming due to increased smartphone and internet access, offering a plethora of job opportunities. Evolving consumer behavior and technology advancements are driving this growth, with a projected surge in India's online consumer base. The sector demands a wide range of skills, from tech-related roles to digital marketing and content creation.
AI film festival gives glimpse of cinema's future
With fantastical characters including mud people and giant grandmothers, an AI film festival is giving a glimpse of the storytelling made possible by the novel technology. "I couldn't really have (human) characters or dialogue, so that set the aesthetic of the film," the French director said of his short, about what happens to grandmothers after they die.
Apple's Tim Cook is nearing retirement age, but who will succeed him?
Speculation mounts over Tim Cook's successor as Apple CEO amid nearing retirement age. Candidates include COO Jeff Williams and hardware chief John Ternus. Cook's tenure marked by product expansion and financial success, but finding a visionary successor poses challenges for the tech giant.
Record immigration is colliding with housing crises across the world
Many developed countries are facing economic challenges as migration-driven growth falters due to housing shortages. Despite the positive impact of immigration on workforce gaps, housing affordability worsens, leading to per-capita recessions. Countries like Canada and Australia are reevaluating their immigration policies to address these issues and sustain economic growth.
Oil nudges higher after Saudi Arabia hikes prices
Brent crude futures climbed 28 cents, or 0.3%, to $83.24 a barrel at 0119 GMT, while U.S. West Texas Intermediate crude futures were at $78.40 a barrel, up 29 cents, or 0.4%.
Oil nudges higher after Saudi Arabia hikes prices
Oil prices rose slightly as Saudi Arabia increased its June crude prices for key regions and the possibility of a Gaza ceasefire diminished, raising concerns about the Israel-Hamas conflict impacting the oil-producing region. Brent crude futures rose to $83.24 a barrel, and U.S. West Texas Intermediate crude futures reached $78.40 a barrel. Saudi Arabia's move to raise prices suggests strong demand expectations for the summer. Despite easing geopolitical tensions, last week saw the largest weekly decline in oil prices in three months due to weak U.S. jobs data and Fed rate cut speculation.
No jobs, no future: In Canada, drugs are Indian students’ last resort
The grim reality of hefty education loans and joblessness in the land they once hoped would offer prosperity has ensnared numerous Indian students in Canada in a vicious cycle of cocaine, marijuana and liquor as a coping mechanism for unemployment-induced stress
Over 3 cr new jobs created in real estate sector in last 10 years on policy reforms: Anarock-NAREDCO
Indian real estate employment grew to 7.1 crore in 2023, aided by housing sector expansion and government policies. Initiatives like SWAMIH Fund and RERA played vital roles, contributing to rising housing prices and sector growth prospects.
At US universities, record numbers of Indian students seek brighter prospects and overseas jobs
The article outlines the surge in Indian students seeking higher education abroad, particularly in the United States, driven by limited opportunities and capacity constraints in India's education system. Despite financial and visa-related challenges, the appeal of job prospects and cultural integration abroad remains strong, impacting both Indian and American universities.
Positive economic outlook prevails for India's mid-market businesses despite global slowdown
India's mid-market businesses are expected to experience positive prospects in the coming year, according to a report by Grant Thornton. The International Business Report (IBR) revealed that nearly 80% of Indian mid-market businesses maintain a positive economic outlook, up from 78% in H1 2023. The growth is driven by India's domestic market and government initiatives like 'Make in India'.
3 in 5 workers in India will not accept job that does not offer AI, tech upskilling: Survey
Indian professionals prioritize future-proofing their skills, especially with the rise of artificial intelligence, according to a survey by Randstad. Development opportunities offered by employers are crucial for employees, with 61% unwilling to accept a job or considering quitting if it doesn't provide skill future-proofing.
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