POLITICS
Union Budget 2022 | Employment generation a recurring theme; capex push may create jobs but few misses too
Budget 2022, however, did not hike MGNREGS allocations despite the Economic Survey 2021-22 raising expectations; stayed silent on an urban employment guarantee programme, and did not announce to expand the wage subsidy scheme through EPFO
IIT
Budget 2022| Education outlay at a record Rs 1.04 lakh crore, up 12%
Budget 2022: The elite IITs have seen a fundig hike, the education regulators have got a marginal uptick in their fundings, and the flagship SSA scheme has received a quantum jump in allocation in Budget 2022-23.
BUSINESS
Budget 2022: FM announces new digital university, 200 TV channels for education sector
FM said the government recognises the need for supplementary education to help students recover from the learning loss in past two years. But budgetary allocation for the digital push, experts said, did not match proportionately with this high octane announcement.
ECONOMY
Economic Survey 2022 says equip govt schools to handle migration from private schools
The coronavirus pandemic has had a significant impact on the education system, affecting lakhs of schools and colleges across India, the survey has said
BUSINESS
Economic Survey 2022 | Social service spending increases to 8.6% of GDP; health gains, education flat
Education allocation by both the Centre and states remained static at 3.1 percent of the GDP, while health expenditure went up to 2.1 percent from 1.8 percent in the year-ago period
ECONOMY
Economic Survey 2022: Coal mine auction, textile PLI and marine sector to create over 1.75 million jobs
The latest EPFO data suggests significant acceleration in formalisation of the job market during 2021, with 13.95 lakh net addition to EPF subscribers in November 2021, says the survey
BUSINESS
EPFO onboards Air India for social security, 7453 employees enrolled
The social security benefits will be provided to 7,453 employees for whom EPF contributions have been filed by Air India with EPFO for the month of December 2021.
BUSINESS
Edtech infra firm Teachmint acquires ERP startup MyClassCampus
This deal marks Teachmint’s fourth acquisition in recent months after it acquired and acquihired firms like Teachmore, Teachee India team, and Airlearn.
BUSINESS
Job placements: SPJIMR places outgoing batch at average salary of Rs 32 lakhs, up 23%
In the finance space, American Express, Avendus, Axis Capital, Goldman Sachs, Incred, JM Financial and Paytm were among others who recruited from the B-School.
BUSINESS
MC Interview: upGrad to turn profitable in 2022-23, likely to float IPO in 2 years: Co-founder Mayank Kumar
Edtech unicorn upGrad is expecting the Jan-March quarter to be profitable, double the revenue in FY22, and become a profitable company in 2022-23.
BUSINESS
Unilever changes organisational model; Sunny Jain to leave, Nitin Paranjpe is new transformation and people officer
The proposed new organisational model will result in a 15% reduction in senior management roles. It will also create 5% more junior management roles, equivalent to around 1,500 positions globally,
BUSINESS
MC Interview | Future of work is both a crisis and an opportunity, and the idea of a stable job no longer exists: Ravi Venkatesan
Professionals need to reinvest several times during a career and acquire 'meta skills' than just relying on their higher education degrees to stay relevant, he says
BUSINESS
Exclusive | Niranjan Hiranandani on Budget 2022: Home loan deductions, real estate jobs and more
Niranjan Hiranandani said incentivising and subsidising the real estate sector will have a multiplier effect on 270 allied industries and aid job creation.
BUSINESS
November sees 8.28 lakh additions to formal work, beats October score: EPFO Payroll
Companies and establishments in Maharashtra, Haryana, Gujarat, Tamil Nadu and Karnataka are the lead job creators. November also saw more women joining formal work than those in October.
BUSINESS
Budget 2022 expectations: Education sector seeks tax concession, low cost loans and expansion of 80C deductions
When the Budget 2022 is tabled, the sector will keenly look at whether the revised estimate has reduced education allocation for 2021-22, and what’s the glide path for the sector the government is envisioning in 2022-23.
BUSINESS
MC Interview | Period leave essential to encourage diversity, inclusion at workplace: Scaler co-founder Abhimanyu Saxena
Sclaer co-founder says only with more start-ups and larger organisations introducing similar initiatives, a workspace can convert to a platform where all the employees feel valued and heard.
BUSINESS
Despite flexibility gig jobs making work insecure: ILO
The gig workers pool is expanding worldwide in the pandemic due to lower entry barriers but is fragmenting work leading to income struggle, says ILO
BUSINESS
Global job market will take longer to recover; 2022 to see 52 mn less jobs than pre-pandemic level: ILO
A return to pre-pandemic performance in jobs space is likely to remain elusive for much of the world over the coming years, and damage will take years to repair, the UN body added.
BUSINESS
Exclusive: Location based salary restructuring unlikely this year, India Inc to hike HR budget to curb attrition
Corporates have put location-based salary restructuring plans on the back burner as 2022 looks to be the year of the employee.
BUSINESS
Location agnostic, smaller offices: Future of workspace?
There is a growing acceptance of location agnotsic workspace, and experts argue that going forward firms will open smaller offices, in locations where talent pools are available, than insisting to have massive centralised office systems.
BUSINESS
Indian economy full of dwarfs: 77% firms deploy less than 40 workers; 92% have less than 100 employees
As of September 30, 2021, while 94 percent of the employers in the financial services space deploy less than 40 workers, it is almost 80 percent in trade sector.
BUSINESS
upGrad acquires enterprise training firm Work Better
The 14-year-old Work Better specialises in soft skills, sales and leadership training via both classroom and virtual learning solutions
BUSINESS
572 IIM Indore graduates bag job offers, average annual salary up at Rs 25 lakh
A total of 180 recruiters including 30 new firms hired the outgoing batch of IIM-I. Among sectors, consulting companies made 31 percent of the offers followed by finance firms who hired 20 percent of the batch.
BUSINESS
CBI investigation of Parabolic Drugs: Ashoka University co-founders step down from board
“The investigation of Parabolic Drugs and its directors has nothing to do with Ashoka," says university. CBI has filed a case against them and a few others of Parabolic Drugs for allegedly defrauding Central Bank of India and other banks of Rs 1,627 crore.
