WORK PROGRAMME
New PPI model in works, govt working on WPI base revision: DPIIT secretary
The industry department has developed a new Producer Price Index (PPI) model to better capture input prices, shared with the IMF, according to DPIIT Secretary Rajesh Kumar Singh. Moving towards PPI, consultations with MoSPI and necessary procedural clearances are ongoing, though no timeline has been provided.
Mission 2032: JSW’s Inspire Institute of Sports launches elite swimming programme with Mizuho Bank
Swimming is the second biggest medal event at the Olympics with as many as 37 gold medals up for grabs at the upcoming Paris Games. But Indian swimmers never come close to reaching the final rounds, let alone winning a medal.
About 80% of sales professionals in India feel they are not sufficiently skilled: upGrad Enterprise report
According to upGrad Enterprise's Grand Sales & Workplace Report 2024, 80% of India's sales professionals feel unprepared for a rapidly evolving work environment. The report highlights that 61% are considering job changes within 3-24 months, with high stress levels, especially in automotive and retail sectors, and a significant gender income disparity in sales roles.
Aligning business goals and decoding employee behaviour: A modern strategy for MSMEs
Alignment between business goals and employee behaviour is not a one-time effort but an ongoing process that requires continuous attention and adjustment.
India, US working for training ISRO astronauts at NASA's Johnson Space Center
India and the US are collaborating on the Artemis programme, planning joint efforts at the International Space Station, and strengthening space cooperation through the Advanced Domains Defense Dialogue.
IN-SPACe announces launch of pre-incubation programme for space startups
IN-SPACe launches pre-incubation entrepreneurship programme to support early-stage space startups, chaired by Pawan Goenka.
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The Green Credit Programme can drive India’s circular bioeconomy and energy transition
The 2023 market-based mechanism, the Green Credit Programme, provides the opportunity for tackling greenhouse gas emissions and provides other environmental benefits. Not a cure all, the Green Credit Programme does with robust methodology provide a way forward to put wasted resources to good use. However, it will require concerted and coordinated action by stakeholders.
Security & legal proposals to now come under Niti
Niti Aayog, under Major General K Narayanan, to focus on security and law proposals. Reconstitution aligns with government's emphasis on security and legal matters.
NITES alleges onboarding delay of over 2,000 campus recruits by Infosys; seeks Labour Ministry probe
Nascent Information Technology Employees Senate (NITES) alleged that the delays have persisted for more than two years, and caused significant hardship for the affected professionals, leaving them 'in a limbo'. Infosys did not comment on the matter.
NITES alleges Infosys delayed onboarding of 2k campus recruits
"Many had turned down other job offers in good faith, relying on Infosys' offer letters. Now, they face financial hardship and uncertainty due to the lack of income and a clear onboarding timeline. Infosys' actions constitute a serious breach of trust with these young professionals. They trusted Infosys to provide a smooth transition into their careers, but instead, they've been left in limbo," the union said in a statement.
Reliance Retail starts ONDC pilot via retail platform Fynd
Reliance Retail, a subsidiary of Reliance Industries, has begun testing the government's Open Network for Digital Commerce (ONDC) through Fynd, an omnichannel retail platform in which Reliance holds an investment.
First section of Varanasi ropeway to be ready by August 2024
India's first urban ropeway project, the Varanasi Ropeway Project, is set to complete a section linking Varanasi Cantonment Railway Station to RathYatra by August 2024, under the National Ropeways Development Programme, 'Parvatmala Pariyojana'.
Companies look to rework benefits for multi-generational workforce: Survey
A survey by Marsh India Insurance Brokers revealed 70% of companies seek new-age benefits and 50% aim to cater to the multi-generational workforce, focusing on Generation Z. Employers are designing comprehensive benefits tailored to diverse needs, including mental health support and flexible solutions.
Meghalaya set to attract pvt investments worth Rs 8,000 crore: CM Conrad Sangma
Chief Minister Conrad K Sangma on Saturday said Meghalaya is set to attract private investments amounting to Rs 8,000 crore in the current fiscal, attributing this to a new industrial policy aimed at transforming the state into a USD 10 billion economy. "The investment in Meghalaya is an outcome of the new industrial policy that has created an ecosystem for ease of doing business," he said while addressing a workshop on the 'Human Development Leadership Programme' in Tura.
Kerala tops youth unemployment rate, Delhi registers lowest: PLFS Survey
The survey, which covered 22 states and Union territories, identified Jammu & Kashmir, Telangana, Rajasthan, and Odisha as other states with high unemployment rates in this age category.
Exclusive: Tata Digital CEO Naveen Tahilyani sets up new team
Tata Digital CEO Naveen Tahilyani is rejigging the executive team for the conglomerate's super app, Tata Neu. This comes as several senior members of the team exited. Most of the positions at Tata Digital have been replaced with existing team members. The focus will now be on the loyalty programme, called NeuPass.
'NASA-type' NSA: Why India's next National Security Adviser should be a space scientist
If the Government of India decides to appoint a new National Security Adviser (NSA) in June, it should consider someone outside the traditional choices of diplomats or spymasters. The role of the NSA should be more like the American model, focusing on coordination between security-related government wings. India's previous NSAs have varied in their approaches, with some acting more like deputy prime ministers. A space scientist could bring a fresh perspective, especially considering India's advancements in space technology and the strategic importance of space in defense and telecommunications.
Calicut University extends MBA registration date: Check last date, eligibility, admission process, application fee & other details
Calicut University (Google Trends): The University of Calicut has extended the registration deadline for its two-year MBA 2024 programme until May 31, 2024. Applications are invited for various MBA programmes, including Health Care Management and International Finance, with eligibility criteria including KMAT or CAT qualification and work experience. Selection is based on scores, group discussions, and interviews, with specified qualifying marks and application fees.
Australia overhauls immigration system with new Innovation Visa
The Australian government introduces an innovation visa to attract talented workers, replacing the Global Talent visa program. The move marks the end of the Business Innovation and Investment visa program (BIIP) and includes measures to address post-pandemic challenges, such as rental market impact and inflation rates.
Indian IT’s reliance on H-1B dropped 56% over past 8 years
Indian IT companies’ reliance on H-1B visas has fallen over the years as they have ramped up local hiring in the US. High denial rates during the Trump administration along with tightening of the immigration regime have also decreased visa usage, experts said.
Wanted: Policies that support womens’ advancement in the workplace
In India, women face significant barriers in the workplace, from the burden of unpaid care work to the gender pay gap. Despite anti-harassment policies like the POSH Act, compliance remains a challenge, contributing to the "leaky pipeline" where women exit the workforce.
DBS Bank India rolls out initiative to support women re-entering the workplace
The organisation has developed a six-month internship programme wherein shortlisted returnees will engage in projects and receive guidance from industry leaders within a supportive environment to enable a smoother transition back to work. The programme involves hands-on experience as well.
BRO celebrates 65th Raising Day, to soon commence construction of Shinkun La Tunnel
The Border Roads Organisation (BRO) celebrated its 65th Raising Day, with Defence Secretary Giridhar Aramane emphasizing the need for the organization to adopt the latest technology and techniques for faster project completion. The BRO is set to commence construction on the Shinkun La Tunnel, which will be the world's highest tunnel once completed. The celebration event in New Delhi highlighted the BRO's successful operations in challenging terrains and weather conditions, including its contributions to relief efforts during natural disasters.
Ramani Dathi on what is needed for creating more jobs and higher incomes
Ramani Dathi, CFO of Teamlease Services, calls for skill bridging solutions in manufacturing. She emphasizes formalization to boost productivity and address wage gaps between formal and informal sectors. Dathi further says that the main thing which we have seen is that wage inflation and formalisation are in direct proportion to each other.
Japan expands its foreign worker visa programme for the first time since inception
The Japanese government has expanded the skilled worker visa program to address labor shortages by admitting up to 820,000 foreigners in various sectors.
India invites investors from IPEF nations to invest in $1 trillion clean economy opportunity
The 14-countries of the IPEF Thursday announced plans to provide $33 million in initial grant funding for the IPEF Catalytic Capital Fund for climate infrastructure projects. The fund is proposed under the Pillar III Clean Economy Agreement of the framework.
Bangladesh, Nepal, Lanka back India call to reduce cost of remittances
Negotiations to arrive at a package at the ongoing 13th ministerial conference of the WTO entered the fourth day. "There is widespread agreement for our proposal. Only the EU and US are blocking it," said an official.This assumes significance as the global average cost for digital remittances at 4.84% is significantly lower than the cost for non-digital remittances and that out of total remittances of $860 billion in 2023, around 78% or $669 billion went to low and middle income countries.
WTO backs India's pitch to cut remittance cost
Separately, Indonesia has backed New Delhi's proposal to reinvigorate the work under the Work Programme on Electronic Commerce, which requires structured discussion on trade-related issues over global e-commerce, taking into account the economic, financial and development needs of developing countries.
TeamLease Edtech, NSDC enter partnership to foster employability through skill development
TeamLease EdTech and NSDC have partnered to endorse work-integrated degree programmes through Digivarsity, a tech-first platform, synergising with Skill India Digital. The initiative equips students with workplace skills, providing enhanced access to higher education and employment opportunities. Students gain on-the-job internships, apprenticeships, and a monthly stipend.
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