The Covid-19 pandemic may have changed the very foundations of India’s job market. Roles that were till recently reserved for in-house employees are now being outsourced. And social acceptance of part-time jobs as respectable employment is helping this trend gain momentum.
A recent CII report has found that Indian companies have invested $22 billion across all 50 US states and created 125,000 jobs for locals. This can help mediators find a middle ground on the differences that have cropped up on trade at a time when both democracies face a threat to a rising hegemon.
The temporary hires would function out of its fulfilment centers in India as part of their delivery network. E-commerce giant Amazon will hire 50,000 temporary workers to meet a surge in online shopping in India. The temporary hires would function out of Amazon India’s fulfilment centers as part of their delivery network, the company said while reiterating its commitment to India’s workforce, which in recent times have faced job cuts due to the COVID-19 pandemic. These temporary associates will work [...]
UK Investment Minister Gerry Grimstone hails the added 6,000-plus jobs created by 842 Indian companies in the UK over the past year. Highlights: According to the India Meets Britain Tracker 2020, 842 Indian companies generated 110,793 jobs in Britain this year. The total turnover of these companies added up to £41.2 billion, with corporation tax payments of £462 million over the past year. Lord Gerry Grimstone noted that COVID-19 presents an opportunity for India to show global leadership. The [...]
Tata Steel Europe recently unveiled a set of restructuring plans to try and reverse its loss-making streak, spurred by worldwide woes faced by the steel industry in the form of overcapacity and stagnant demand. Highlights: Tata Steel is enforcing restructuring and cost-cutting plans for its European business. The plans include cutting back bureaucracy and greater use of technology to enhance efficiency in order to become more cash-positive in a tough market. The announcement comes after Tata Steel Europe announced plans [...]
A new study by leading Indian economists fact-checks some figures on India’s youth entering the job market every year. The rumbling will grow in intensity as the Lok Sabha elections draw nearer. The now-united-now-fragmented Indian Opposition is looking around desperately for issues to corner Prime Minister Narendra Modi and his government with. Demonetisation, which the Opposition thought was its trump card, actually delivered a landslide for the BJP in Uttar Pradesh. The Goods and Services Tax (GST), which Congress leader [...]
With a million people entering the job market every month, India’s economy desperately needs to find a way to make space for them. The morning of September 17, 2015, India woke up to a curious headline: PhD holders among 2.3 million applicants for peon jobs in UP. The response to 368 vacancies for peons in the most populous state of the country had been a record of sorts. The minimum qualification for the post was no more than school education [...]