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An ex-RBI Guv thinks $5-tn goal is 'simply out of question'

The former RBI governor said India needs a 9 percent per annum growth to reaching $5 trillion by 2025.

India employment

Nov 22, 2019, 03.27 AM IST

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INDIA EMPLOYMENT

Cabinet approves code to allow fixed-term employment

Fixed-term employment, which the govt had allowed for all sectors last year, has now been codified.

Employment growth in India slowed in last two years: CARE Ratings

CARE Ratings pointed that most of the core industries have witnessed 'virtu...

India rejects unwarranted reference by Pakistan to Jammu and Kashmir at UNSC

Raking up Kashmir issues, Pakistan's newly appointed envoy to th...

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  • The sudden arrest of two Indians, Prashant Vaindam and Dhari Lal- as reported by Pakistani media, came as a surprise as India had informed Pakistan that they may have crossed over inadvertently, the External Affairs Ministry spokesperson said at a briefing. The MEA hoped that the arrested Indians don't become victims of Pakistani propaganda.

    The government doled out a Rs 42,000 crore relief to debt-laden teleos after it agreed not to take any payments for spectrum they use for the next two years. The Union Cabinet headed by PM Modi approved giving Airtel, Voda-Idea and Reliance Jio an option to avail a two-year moratorium on payments they were supposed to make in yearly installments.

    The National Manufacturing Policy identifies employment intensive industries like textiles and garments, leather and footwear, gems and jewellery and food processing, etc. as special focus attention sectors.

    The Rubber Board and the stakeholder associations in rubber and related sectors are jointly organising India Rubber Meet 2020 (IRM 2020), the fifth edition in the series, at Mamallapuram in Tamil Nadu on 28 and 29 February 2020. The theme of IRM 2020 is ‘Rubber resurgence through innovation’. There will be talks by internationally renowned speakers and panel discussions.

    As per the Management Information System (MIS), the average share of workforce under Mahatma Gandhi NREGS in the age group of 18-30 in 2018-19 stood at 9.10% or 70.74 lakh of the total workforce (777.41 lakh) under MRNREGA as compared to 10.07% or 72.74 lakh in 2015-16 when the total workforce under MGNREGA stood at 722.59 lakh.

    Job creation has slipped to 2.8% in 2018-19 as compared to 3.9% in 2017-18 according to CARE Ratings. The ratings agency highlighted that core industries have witnessed “virtually negative growth in headcount”, impacted by the slowdown in GDP growth as well as the challenges on the NPA.

    The Palo Alto, California-headquartered company last year announced $2 billion investment in India over the next five years towards expanding its facilities, increase headcount and ramp up research and development activities.

    The Asia/Oceania Group I match had initially been planned for September, but was pushed back to November 29-30 after safety fears were raised by India amid tensions between the neighbouring nations over Kashmir.

    India, Bangladesh to make their day-night Test debut today at Eden Gardens. It took India a new BCCI regime under maverick former captain Sourav Ganguly to take the pink ball plunge, a good seven years after the International Cricket Council approved the format to revive interest in Tests. Ganguly convinced the Bangladesh Cricket Board to agree to a Day/Night Test.

    Thanking prime minister Modi for his congratulatory message, Rajpaksa, who was sworn in on Thursday as Sri Lankan premier by his younger brother and President Gotabhaya Rajapaksa, said the two countries will continue to work closely to strengthen the bilateral ties.

    The project will work to redevelop, reconstruct and renovate India's major railway stations to surpass world-class standards and focuses on key stations to positively impact 100 cities and 16 million passengers per day

    When it comes to nature of checks, employers are still sticking to the basic ones with employment (88%) and education verifications (83%) being the most common. Identity verifications and criminal checks stood third and fourth among Indian enterprises, in contrast to global markets that prioritise these.

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