U.S. private payrolls increased more than expected in April. Data for March was also revised higher. Economists had predicted a lower increase in private employment. Read more to find out the details.
Chief Economic Advisor Anantha Nageswaran stated that various initiatives from the government and growing investment will lead to the creation of more job opportunities in the coming decade. He highlighted the decline in capital formation and credit growth in the last decade but expressed hope for a turnaround. He mentioned the decline in employment in agriculture and the addition of jobs in manufacturing, services, and construction sectors. Nageswaran also discussed government initiatives for job creation and the need for improvement in regulatory and tax policies.
Union minister Nitin Gadkari highlights the importance of uplifting youth, women, workers, and farmers for a happy society. Speaking at the inauguration of a Multi-Modal Logistics Park, Gadkari emphasizes the need for value addition and investments in the Vidarbha region of Maharashtra.
Defence Minister Rajnath Singh emphasizes the government’s commitment to skill development and creating employment opportunities for the youth. The job fair organized by NSDC and BJP leader Neeraj Singh witnessed 6,300 applicants securing job offers. Singh credits the success of government schemes like Mudra, Startup, and Stand Up for transforming youth innovation into wealth creation. He highlights the investments in infrastructure development and urges the newly employed youth to work hard and contribute to society. Deputy Chief Minister Brijesh Pathak praises the government’s efforts to transform Lucknow into a world-class city.
The Uttarakhand High Court has made a groundbreaking decision, affirming that women cannot be refused employment because of pregnancy. This landmark ruling, inspired by the case of Misha Upadhyay, who was denied a nursing officer position due to her pregnancy, marks a major advancement in gender equality and the protection of fundamental rights in India.
Telangana Deputy Chief Minister issues instructions to Singareni Collieries Company Limited (SCCL) to immediately issue notifications for filling 485 posts. The Deputy CM emphasizes on compassionate appointments, increasing the age limit of heirs, and reviews progress of accident insurance scheme. Plans for solar power projects and coal production were also discussed.
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Congress leader Rahul Gandhi has claimed that Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) workers have not been paid for their work in the last two years. He also criticized the reduction of the MGNREGA budget in West Bengal and the deletion of job cards of seven crore workers. Gandhi accused Prime Minister Narendra Modi of attempting to weaken the MGNREGA scheme. The issue of labor justice is being highlighted in Gandhi’s Bharat Jodo Nyay Yatra.
The Federal Reserve has left interest rates unchanged in its latest policy statement. The central bank stated that a rate cut is not imminent, but it has indicated that it may be open to lowering rates in the future if inflation continues to decrease. The new statement also acknowledged concerns about employment and highlighted the need to carefully assess incoming data and the balance of risks. This announcement disappointed investors who were expecting rate cuts to begin as early as March.
Indian Railways witnessed a significant increase in employment with 1.5 lakh jobs created last year. The East Central Railway General Manager, Anil Kumar Khandelwal, stated that the operations of Indian Railways are also on the rise.
India needs to prioritize skill development and holistic education to narrow the gap between potential and realization. With only 5% of the population formally skilled, graduates are ill-prepared for the competitive job market. The NEP 2020 emphasizes the need for skill-based education to bridge this gap. Formal education has limited impact on job performance, highlighting the importance of on-the-job training. Industries are adapting by implementing managed training services and apprenticeships, while the job landscape is shifting towards specialized skills in AI, ML, sustainability, and information security. Embracing these changes will shape a workforce ready to thrive in the dynamic global economy.
