INDIRECT EMPLOYMENT OPPORTUNITIES
UP govt says Noida Film City project to create 50,000 jobs, benefit 5-7 lakh people indirectly
YEIDA chief executive officer Arun Vir Singh said the constitution of a film city alongside the upcoming airport in Jewar was Adityanath' vision, which is now set to become a reality. "Construction of the Film City is scheduled to begin within the next four to six months, with film-related activities expected to commence within three years," Singh said.
View: Your first 100 days to-do list, Gov
The upcoming government will have its work cut out for it as it steps into power following the conclusion of the 18th Lok Sabha polls. While the current administration has made strides in improving the business environment in India, there are key reforms that the new government must prioritize to fully capitalize on the country's growth potential.
Govt approves Rs 10,037 crore UNNATI scheme for Northeast industrial development
The government has approved the Uttar Poorva Transformative Industrialization Scheme, 2024, with a budget of Rs 10,037 crore, aimed at boosting industrial growth and employment in the northeastern states. The scheme aims to drive economic activity in manufacturing and services, leading to holistic socio-economic development. It seeks to generate employment, uplift socio-economic status, and create a conducive environment for economic activities. Under the scheme, investors will be incentivized to set up new units or expand existing ones, contributing to the region's industrial growth and economic prosperity.
Regulatory tightening an opportunity? 6 housing finance stocks with upside potential of up to 41%
First, it was unsecured loans, then it was housing finance companies and in the last two days, it has been micro finance companies. RBI has been taking stock of each segment of the financial service and tightening the norms so that accidents like 2018 can be avoided. Whenever there is tightening of norms, stocks from that sector tend to correct. The question is whether that correction is something which is an opportunity or not. One part of the answer lies in looking at overall market size and the growth. In the case of the housing finance segment, there is hardly any doubt about growth potential. So, if the growth potential then corrections are opportunities. But that is for companies which are able to adapt to the changing regulatory provisions, they will stand to gain in the long term.
Interim Budget: EV push may create 250,000 jobs in five years
The Interim Budget promises to support the electric vehicle sector by boosting manufacturing and charging infrastructure. This initiative is expected to increase the production and adoption of EVs and create around 2.5 lakh direct and indirect jobs in the next 4-5 years, according to staffing companies and experts. The expansion of manufacturing will lead to increased production capacities, fostering innovation and competitiveness.
Deepak Chem Tech inks pact with Gujarat government to invest Rs 9,000 crore
This investment is likely to create about 1,300 direct and indirect employment opportunities.
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Budget 2024: The indirect tax changes the government should look to introduce
From the advent of GST, the Government has time and again tried to iron out the complexities, compliance hiccups and anomalies with respect to various issues, however, there are still plethora of issues on which industry seeks government intervention.
Youths of Ayodhya all set to grab boom in job opportunities post-Ram temple opening
The Supreme Court's historic verdict paved the way for the construction of the Ram temple in Ayodhya. Dileep Pandey, a tailor from Delhi, returned to Ayodhya during the first wave of Covid-19 and now operates a tour and transport firm for visitors. With the inauguration of the Ram temple, Pandey plans to expand his business by buying two SUVs. The temple town of Ayodhya offers opportunities for young entrepreneurs in the tourism and service industry sectors. The local administration is working to facilitate employment for the youth, and many have already started their own businesses or enrolled in courses to prepare for the growing demand.
Ayodhya tourism boom may create 150,000-200,000 direct and indirect jobs
"That apart, a possible rise in construction activity in the region - due to expansion by hotel chains, apartment units, healthcare facilities, and other infrastructure development - could lead to addition of another 50,000-100,000 temp jobs in the region in the next few years," said Pravin Agarwala, cofounder and group chief executive of Betterplace.
Ram Mandir to help create up to 2 lakh jobs around Ayodhya in 4-5 years, says Betterplace
Consumer goods companies and food service chains are increasingly strengthening their presence in the area, creating more employment opportunities, as they see Ayodhya as a branding and marketing hotspot. “Going forward, Ayodhya will become a major pilgrimage centre and will receive millions of people every year. This will provide opportunities for creativity and creating new consumers,” said Sanjiv Mehta, former CEO of HUL.
Companies ink 30 MoUs with Gujarat government expressing Rs 24,707 crore investment intention
A total of 30 Memorandums of Understanding (MoUs) worth Rs 24,707 crore were signed in Gandhinagar ahead of the 10th edition of the Vibrant Gujarat Global Summit. The MoUs, mainly related to minerals, urban development, townships, chemicals, petrochemicals, and pharmaceuticals, are expected to generate employment opportunities for over 38,000 youth across various sectors in Gujarat.
Wide stakeholder consultations needed to frame national e-comm policy: Govt to Parl
Minister of state for commerce and industry Som Parkash said in a written reply to the Lok Sabha that a draft e-commerce policy was placed in public domain on February 23, 2019 for public consultations.
Millions of jobs coming up in EV sector, data & AI roles to get maximum hikes
The demand for workers with green skills is expected to move further up in the coming years. Estimates differ, with different industry leaders pegging job creation in the EV sector at different levels, but everyone seems united in the view that millions of new roles are getting created.
Meghalaya aims to create entrepreneurship opportunities for 20,000 individuals in the span of three years
Chief Minister Conrad Sangma launched the CM-ELEVATE an Integrated event in Tura on October 13, where reassuring that the programme is aimed at engaging, employing, and empowering the youth of Meghalaya through entrepreneurship. The day also marked the distribution of Cheques under YESS Meghalaya Initiative.
Significant growth opportunities in Indian Battery Energy Storage System market: Industry players
Experts believe that there is a significant growth opportunity in the Indian Battery Energy Storage System market due to advancements in new battery technologies. Additionally, adopting sustainable recycling methods is crucial as the market for recycled EV batteries in India is predicted to reach 128 GWh by 2030.
Flipkart aims to create over 1 lakh seasonal job opportunities ahead of festive season
Flipkart, the Indian e-commerce marketplace, plans to create over 1 lakh seasonal job opportunities in its supply chain to meet demand during the festive season. The jobs will include positions for local kirana delivery partners, women, and persons with disabilities.
Small towns getting big deal for jobs
Financial services are radiating out, creating strong demand for manpower. Technology is pushing the gig economy into the hinterland. GoI and state governments are doing their bit, too, by plugging connectivity and infrastructure gaps.
Still hiring: Big Tech layoffs give other sectors in the US an opening
Federal, state and local government tech job postings in the US soared 48% in the first three months of 2023 compared to the same period last year, according to an analysis by tech trade group CompTIA of data from Lightcast, a labor analytics firm.
Who will create more jobs for India: MSMEs or startups?
While the demographic dividend gives India an advantage, the country has to quickly generate enough jobs to ensure the gain does not morph into a loss for the economy. Where should the government emphasis be to create stable jobs?
Mixed bag of opportunities for job aspirants in 2023; enhanced skills to be in spotlight
According to staffing firms and job portals, it will be a mixed bag for the Indian job market next year. Amid subdued tech hiring, some of the non-tech hiring, especially in telecom and service-oriented sectors has gained pace and is set to drive the recruitment momentum in 2023, they said.
Aluminum producers seek PMO intervention to direct Coal India for prioritising fuel supply
Despite record coal production and dispatches, coal under Fuel Supply Agreements (FSAs) are being denied to CPPs (Captive Power Plants) of aluminium producers, the body pointed out.
India's aviation sector likely to employ 1 lakh more people in next two years
According to figures stated by MoCA, the current direct employment number stands at 2,50,000 which includes pilots, cabin crew, engineer, technicians, airport staff, ground handling, cargo, retail, security, administrative and sales staff.
Connecting the dots: A just energy transition, workforce migration and employment opportunities
The recent Glasgow Pact, which put unprecedented emphasis on the envisaged shift from conventional to renewable energy generation, recognised the need to strengthen the scope for mobilising support in terms of finance & technology from the developed North to enable the developing countries embrace this transition in a just and time-bound manner.
IndiGo working with other industry players to address 'long standing problem' of high indirect taxes: Ronojoy Dutta
In his Christmas and New Year greetings to the employees, the IndiGo CEO also flagged that profitability is under considerable pressure owing to low airfares regime at a time when the carrier is focusing on "repairing" its balance sheet.
Rationalise direct, indirect tax rates to boost consumption: PHD Chamber
To give a great momentum to exports, export income should be made tax-free for MSMEs for three years and income of large enterprises from incremental exports (y-o-y) be made tax-free, PHDCCI President Pradeep Multani suggested.
Tamil Nadu govt signs MoUs for 59 projects worth Rs 35,208 crores with a strong EV push
Among the MoUs that were signed, a number of Electric Vehicle (EV) projects are set to come to the fore in the State. TVS Motor Company, signed an MoU with the government and said it will invest Rs. 1200 crores in future technologies and EVs in the next four years.
PMAY creates over 1.2 crore employment opportunities so far
The report cited that these employment opportunities so far were created through forward and backward linkages across 21 sectors. Besides, the report said that these sectors include 250 auxiliary industries like steel, brick kilns, cement, paint, hardware and sanitary amongst others. In terms of stakeholder impact, the report pointed out that PMAY has benefited nearly 5.8 lakh senior citizens, 2 lakh construction workers, 1.5 lakh domestic workers and 1.5 lakh artisans.
Railways created 14.14 lakh mandays employment under Garib Kalyan Rojgar Abhiyaan: Goyal
In a written reply to a question on estimated job loss or work loss post-lockdown especially for those indirectly dependent on the Railways for their livelihoods, he said the Ministry has not undertaken any such study.
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