Jobs

Three new Budget schemes target formal employment. But will they deliver new jobs?

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Three new Budget schemes target formal employment. But will they deliver new jobs?

In its first budget since returning to power with a reduced majority, the Bharatiya Janata Party-led government has made job creation a central focus, introducing financial incentives aimed at expanding formal-sector employment. Although the specifics of the three targeted schemes are still pending, they primarily offer financial benefits to both first-time employees and employers. Despite … Read more

500 companies, 10 million interns, 5 years. Can India Inc. satisfy the Budget’s demand?

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500 companies, 10 million interns, 5 years. Can India Inc. satisfy the Budget's demand?

One of the ambitious schemes is to get the country’s 500 biggest companies to provide paid internships to 10 million youth over the next five years, making them job-ready in the process. While the intent is laudable, given high youth unemployment and unemployability, the scale of the scheme could make it unviable. R. Shankar Raman, … Read more

Renuka Ramnath: India’s deep pool of domestic surpluses can be directed towards startups

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Renuka Ramnath: India’s deep pool of domestic surpluses can be directed towards startups

As India marches closer to the status of a $4 trillion economy and the world’s fourth largest, a crucial question emerges: how do we equip ourselves for the road ahead? For India to wear the crown of a developed nation, we require 10x growth targeting the $40 trillion mark. It is not just growth, but … Read more

Fed’s Powell says not ready yet to declare inflation fight over

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Fed’s Powell says not ready yet to declare inflation fight over

Washington: Federal Reserve Chair Jerome Powell said on Wednesday he was not yet ready to declare inflation had been beaten, but felt the U.S. remained on a path back to stable prices and continued low unemployment. Powell and other Fed officials have said they will not cut interest rates until they have gained even greater … Read more

92% of knowledge workers in India use AI at work as compared to the global figure of 75%.

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92% of knowledge workers in India use AI at work as compared to the global figure of 75%.

Notably, 72% of AI employees are proactively bringing their own AI solutions to work, rather than relying solely on company-provided resources to enhance productivity. In comparison, the global average for AI workers embracing Bring Your Own Artificial Intelligence (BYOAI) stands at 78%.   ‘72% Indian AI users bringing their own AI tools to work’  “While … Read more

India Inc, not just IT, dangles big bucks for AI specialists. But is it all hype?

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India Inc, not just IT, dangles big bucks for AI specialists. But is it all hype?

And since it can get tough finding such experts, companies would like any such experts they find to also be capable of developing AI workshops and courses for their other not-as-skilled employees. The competition is fierce, with firms offering 40% salary hikes to lure AI specialists with five-six years of experience at product companies. Sectors … Read more

Govt eyes ₹95,000 crore investment, 2.25 million jobs in textiles

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Govt eyes ₹95,000 crore investment, 2.25 million jobs in textiles

New Delhi: The textiles ministry hopes to attract investments worth ₹95,000 crore and the expected fund flow will create about 2.25 million new job opportunities in the next 4-6 years, according to a senior government official on Friday. The ministry expects ₹25,000 crore investments under the Production Linked Incentive Scheme (PLI) and another ₹70,000 crore … Read more