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Thursday, October 9, 2025 10:57 AM

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Goa Unveils New Startup Policy 2025 to Boost Innovation and Employment

The Goa government has launched an ambitious Startup Policy 2025 aimed at transforming the state into India’s “Creative Capital” by nurturing a thriving entrepreneurial ecosystem. The initiative targets the creation of 1,000 startups and 10,000 new jobs for Goans while extending strong support to women entrepreneurs, a state official announced. The policy, introduced by the Department of State Information Technology, Electronics and Communication (DITEC), focuses on fostering innovation through venture funding, government-industry collaborations, and partnerships with incubators, corporates, and academic institutions. Goa, which already hosts 696 DPIIT-recognised startups, is positioning itself as an emerging hub for technology and creativity. Vision and Key Goals With a goal to establish Goa as a leading startup destination by 2028, the policy outlines specific targets — including enabling 100 startups to secure venture capital, promoting collaboration between 50 startups and government bodies, and strengthening connections across the entrepreneurial ecosystem. Key Schemes and Incentives The policy introduces several initiatives to encourage innovation and skill development: Campus Innovation Scheme: Offers grants to students for entrepreneurial or research-based projects, reimbursing project development costs. Skill Enhancement Scheme: Provides reimbursement for professional training in areas such as Artificial Intelligence and other emerging technologies. Infrastructure Support: Encourages collaboration with private players and educational institutions to establish IT labs, Maker Labs, Centres of Excellence, and Innovation Hubs. Women Entrepreneurship Support: Launches a dedicated mentoring and funding programme, offering monthly allowances to women-led startups working on innovative solutions. Promotion and Marketing Assistance Scheme: Offers financial aid for startups participating in government-supported exhibitions and trade shows, covering a substantial portion of related expenses. Officials said the Goa Startup Policy 2025 aims to build a robust innovation-driven environment that inspires the next generation of leaders, innovators, and creators. “This policy will serve as a catalyst for transforming Goa into a global hub for creativity, technology, and innovation — firmly establishing the state as the Creative Capital of India,” the DITEC spokesperson added. Source: PTI

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Citigroup Shifts Nearly 1,000 Tech Roles to India After China Job Cuts

Citigroup has relocated around 1,000 technology positions to its Global Capability Centres (GCCs) in India following major layoffs in China, according to people familiar with the development. The transition, carried out in phases over the past few months, comes as part of the Wall Street bank’s ongoing global restructuring strategy. While Citi has not officially commented on the move, sources indicate that the decision aligns with a broader trend of multinational banks shifting more back-end and technology functions to India. The shift could accelerate further after former US President Donald Trump’s surprise policy proposal to charge $100,000 for new H-1B visa applications, making offshore support centres even more attractive. India’s GCC ecosystem has grown rapidly, now valued at about $64 billion, according to EY. Citigroup already employs roughly 33,000 professionals in India, mainly across hubs in Bengaluru, Chennai, Pune, and Mumbai. In June, Citi revealed plans to trim its China technology workforce by approximately 3,500 roles under its global simplification drive. The latest transfer of jobs to India is a key part of that transition. Source: Bloomberg

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Coal India to Reward Non-Executive Workers with ₹1.03 Lakh Bonus Ahead of Festive Season

State-owned Coal India Limited (CIL) has announced a performance-linked reward (PLR) of ₹1.03 lakh for its non-executive employees ahead of the festive season. The decision, which also covers workers of its subsidiaries and state-run Singareni Collieries Company Ltd (SCCL), will benefit over 2.48 lakh employees in total. According to the Ministry of Coal, the incentive was finalized during the 6th meeting of the Joint Bipartite Committee’s standardisation panel. The payout is aimed at recognising the dedication and contribution of non-executive workers who form the backbone of coal mining operations. The PLR will be disbursed on a pro-rata basis linked to attendance and will involve a financial outlay of ₹2,153.82 crore for CIL and ₹380 crore for SCCL. Of the total beneficiaries, around 2.1 lakh are CIL employees and 38,000 are SCCL workers. Officials noted that the reward not only ensures fair compensation but also boosts morale, productivity, and job satisfaction among the workforce. With CIL accounting for more than 80% of India’s coal output, the move underscores its role in securing energy needs while supporting worker welfare. The ministry highlighted that this initiative reflects the commitment of CIL and the government towards employee motivation, welfare, and building an Aatmanirbhar Bharat. Source: PTI

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UK Plans Visa Fee Waiver to Attract Global Science and Tech Talent: Report

The UK government is reportedly considering a visa fee waiver as part of its push to attract top global talent in science, research, and technology, according to a Financial Times report on Monday. The proposal comes under the Global Talent Taskforce, a body launched in June and directly reporting to Prime Minister Keir Starmer and Chancellor Rachel Reeves. It is supported by a £54 million Global Talent Fund designed to cover relocation and research costs for exceptional individuals and their teams over five years. A senior government official told the newspaper that the idea of cutting visa fees “to zero” was being explored to target individuals from leading global universities or winners of internationally recognized awards. The move comes as the US, under President Donald Trump, imposed a steep one-time $100,000 fee on all new H-1B visa applications—widely used by the American tech sector, with Indians being among the largest beneficiaries. Chaired by Varun Chandra, the PM’s business adviser, alongside Science Minister Lord Patrick Vallance, the taskforce aims to simplify the UK’s Global Talent Visa route, which has long been criticized for being overly bureaucratic. The UK’s Department for Science, Innovation and Technology (DSIT) said the initiative sends a “clear signal” that Britain wants to remain a global hub for innovation by drawing in world-class researchers, entrepreneurs, investors, engineers, and creatives. “Competition for elite talent is fierce,” former business and trade secretary Jonathan Reynolds said at the launch, stressing that the policy would boost innovation in critical sectors, create jobs, and strengthen the economy. While the government says the plan supports its Immigration White Paper to fast-track “the brightest and best” into high-growth industries while limiting overall migration, opposition voices are pushing back. On Monday, Nigel Farage’s Reform UK party vowed to scrap the route to Indefinite Leave to Remain (ILR) if it comes to power, accusing the system of being misused and pledging a tougher citizenship process with higher salary thresholds. Downing Street dismissed these proposals as divisive and unworkable. Source: PTI

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Hyundai to Raise Employee Pay by ₹31,000 Over Three Years

Hyundai Motor India has finalized a long-term wage settlement that will boost monthly salaries of its technician and workmen cadre by ₹31,000, spread across three years from April 1, 2024, to March 31, 2027. The agreement, signed with the United Union of Hyundai Employees (UUHE), outlines that the increment will be rolled out in phases — 55% in the first year, followed by 25% in the second year, and 20% in the final year. The company highlighted that this is one of the most competitive pay hikes in the industry. Alongside the salary increase, Hyundai confirmed that existing employee welfare benefits such as health coverage and wellness initiatives will remain in place. “This settlement is a product of mutual trust and constructive dialogue. It reaffirms our commitment to creating a progressive workplace culture that balances employee well-being with long-term business growth,” said Youngmyung Park, Function Head – People Strategy at Hyundai Motor India. UUHE, established in 2011, represents nearly 90% of Hyundai’s technician and workmen workforce, with 1,981 members as of August 31, 2025. Following the announcement, Hyundai Motor India’s shares rose 1.69% to ₹2,646 on the BSE. Source: PTI

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Google reportedly cuts over 200 AI contractors amid unionisation concerns

Google has allegedly laid off more than 200 contract workers engaged in its artificial intelligence projects, including the development of Gemini and AI Overviews, according to a report by WIRED. The layoffs, carried out in at least two phases last month, came with minimal or no notice, leaving many workers abruptly locked out of their roles. “I was just cut off,” said Andrew Lauzon, a contractor who received an email on August 15 notifying him that his contract had ended. Lauzon, employed by Hitachi-owned GlobalLogic since March 2024, had been involved in training Google’s Gemini chatbot and related AI tools. He said he was told the termination was due to a “ramp-down on the project,” but questioned the security of such precarious employment. Many of the affected contractors, some holding advanced degrees like master’s and PhDs, were part of a group known as “super raters” — workers tasked with reviewing and refining AI responses to make them more accurate and natural. Contractors stressed the importance of their work in shaping Google’s AI products, including the AI Overviews feature that provides summarized search results. “We play an incredibly vital role,” said one rater, noting that engineers rely on their feedback to fine-tune the systems. Google, however, has distanced itself from the job cuts, clarifying that the affected individuals were employees of GlobalLogic or its subcontractors, not Alphabet. “As the employers, GlobalLogic and their subcontractors are responsible for the employment and working conditions of their employees,” Google spokesperson Courtenay Mencini said. The development comes at a time when Google is doubling down on AI investments to compete with rivals such as OpenAI and Microsoft, raising questions about job security in the rapidly evolving AI industry. Source: IANS

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India Will Need 2 Lakh Skilled Professionals to Manage EV Charging Stations by 2030

Tata Power on Tuesday launched Mumbai’s first premium MegaCharger hub near the airport, adding to its growing network of over 1,000 charging points in the city. Built in partnership with Tata Passenger Electric Mobility, the hub is equipped with eight high-speed DC chargers and 16 bays, aimed at reducing wait times for private EV owners and fleet operators. But as India’s charging infrastructure expands rapidly, a looming skill shortage threatens to slow the pace of adoption. A joint whitepaper by The Energy and Resources Institute (TERI) and Mercedes-Benz Research and Development India (MBRDI) estimates that the country will require between 1–2 lakh trained professionals by 2030 to operate and maintain charging stations. The report underlined the vital role of Charge Point Operators (CPOs) in India’s EV transition while pointing out key challenges—limited hands-on training, lack of standardised modules, and a shortage of qualified trainers who understand both technical and operational needs. India’s public charging points have already surged from just 25 in 2015 to nearly 30,000 by August 2025. However, to achieve the government’s 1:40 charger-to-EV ratio, the country must install nearly 4 lakh chargers annually through this decade. Experts argue that this scale-up will be impossible without simultaneously building human capital. Anshuman Divyanshu, CEO of Exicom’s EV Supply Equipment division, said the skill demand today goes beyond basic electrical expertise and now spans high-voltage systems, connectivity, and software. “Fast, reliable charging infrastructure is the cornerstone of India’s EV journey. But success will depend as much on skilled manpower as on the megawatts of hardware deployed,” he said. He stressed that Exicom has invested in structured training, noting that talent readiness is lagging behind infrastructure rollout. Similarly, Akshay Shekhar, CEO of Kazam, highlighted the uneven picture outside metros. While finding electricians through ITIs is not difficult, specialised EV training remains scarce. “Tasks like earthing are often skipped, SOPs aren’t followed consistently, and technicians in smaller cities lack exposure to proper standards and tools,” he said. Even so, Shekhar pointed to a strong willingness to learn. Kazam has already trained over 500 technicians in tier-2 and tier-3 cities, many of whom are now actively supporting the sector. “With the right certification and structured skilling, this workforce can truly become the backbone of India’s EV expansion,” he added. The TERI-MBRDI study also cautioned that most Industrial Training Institutes (ITIs) still do not offer EV-specific courses, leaving CPOs dependent on in-house training. It flagged gaps in diagnostics, digital integration, and safety standards as possible barriers to sustaining infrastructure growth. By 2030, India’s EV ecosystem is projected to generate 1 crore direct jobs and 5 crore indirect jobs, but experts warn that under-skilled manpower could become a bigger bottleneck than under-investment in infrastructure. Kunal Khattar, founding partner of AdvantEdge, suggested that the staggered rollout of charging stations will give time to build manpower capacity. He added that technology will likely lower operational costs by enabling unmanned facilities, while petrol pumps could play a significant role in scaling up. “They already have manpower on site and can add charge points as demand rises, without additional staffing costs,” he said. Source: Economic Times

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Microsoft to enforce three-day office work policy from 2026

Microsoft has announced that starting next year, employees will be required to work from office at least three days a week, marking a significant shift in its post-pandemic work policy. In a blog post on Tuesday, Amy Coleman, Microsoft’s Chief People Officer, detailed that the new hybrid work mandate will be introduced in three phases. The rollout will begin with staff based near the company’s Redmond, Washington headquarters, before extending to other U.S. locations and international offices. By February 2026, employees residing within 50 miles of the Redmond campus will need to be onsite for a minimum of three days each week. Timelines for other U.S. offices will follow, while planning for international employees is expected to commence next year. The move aligns Microsoft with other major tech companies, including Amazon, that are scaling back remote work flexibility and urging employees to return to office spaces. The pandemic had initially accelerated the widespread adoption of work-from-home policies across the industry, but firms are now reassessing their long-term workplace strategies. Source: Reuters  

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Unilever to Overhaul Senior Leadership Roles Amid Global Revamp

Unilever has announced plans to review its top 200 leadership positions, with around 25% set for a “refresh,” as part of its ongoing turnaround strategy. The move comes alongside broader restructuring measures, including cutting 7,500 jobs worldwide, aimed at tackling underperformance and improving profitability. The consumer goods major, best known for brands like Dove, has been accelerating changes under its new CEO Fernando Fernandez, who stepped in earlier this year after the exit of Hein Schumacher. Fernandez is pushing forward with transformation initiatives to enhance efficiency and strengthen margins. Speaking at the Barclays Global Consumer Staples Conference, Unilever reiterated its 2025 financial guidance, projecting sales growth of 3–5% and maintaining an underlying operating margin above 18.9%. Source: Reuters

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Tata Steel Declares ₹303.13 Crore Bonus for Employees in FY 2024-25

Tata Steel has announced a bonus payout of ₹303.13 crore for its employees for the financial year 2024-25 after finalizing a memorandum of settlement with the Tata Workers’ Union (TWU). Out of the total, around ₹152.44 crore will be disbursed among 11,446 employees from the Jamshedpur divisions, including the Tubes division, the company confirmed. As per the agreement, the minimum annual bonus (for full attendance) stands at ₹39,004, while the maximum (based on actual attendance) goes up to ₹3,92,213. The company clarified that while most employees earn above the eligibility threshold set by the Payment of Bonus (Amendment) Act, 2015, Tata Steel will continue its long-standing practice of granting bonuses to all employees in the unionised category, upholding its tradition of employee welfare. The memorandum was signed in the presence of Tata Steel CEO & MD T.V. Narendran, Chief People Officer Atrayee Sanyal, and other senior executives, along with Jharkhand’s Deputy Labour Commissioner Arvind Kumar. Representing the workforce, TWU President Sanjeev Kumar Choudhary and General Secretary Satish Kumar Singh, along with other office bearers, signed the agreement on behalf of the union. Source: PTI

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