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

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

Govt banks on youth, women and upskilling programmes to solve job crisis

Govt banks on youth, women and upskilling programmes to solve job crisis

Mumbai: A key focus of the Union budget is generating employment, and bringing large sections of the young workforce from the informal to the formal sector is one of the government’s goals. The Union budget has allocated ₹1.48 lakh crore for education, employment and skilling to alleviate concerns over unemployment, by rolling out schemes aimed … Read more

Union Budget 2024: TeamLease Services share price surges 10% on employment schemes announced by FM Sitharaman

Union Budget 2024: TeamLease Services share price surges 10% on employment schemes announced by FM Sitharaman

Union Budget 2024: TeamLease Services share price shot up about 10% on Tuesday after Finance Minister (FM) Nirmala Sitharaman said that the government will allocate ₹2 lakh crore for job creation over the next five years. TeamLease Services share price opened at an intraday low of ₹2,830 apiece on BSE, the stock touched an intaday … Read more

‘Some jobs will go…’ Ola CEO Bhavish Aggarwal warns biggest impact of AI will be on….

'Some jobs will go...' Ola CEO Bhavish Aggarwal warns biggest impact of AI will be on....

India can become a global hub for artificial intelligence (AI)-related jobs, leveraging its vast pool of IT professionals to take on more significant roles in the global market, said Ola CEO Bhavish Aggarwal. AI offers opportunities to increase economic productivity worldwide as a lot of routine tasks would be automated, Aggarwal added. “In India, there … Read more

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

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