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Haryana’s Visionary Leap: ‘Mission 60,000’ Unleashes Employment Opportunities for Underprivileged Youth

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Haryana Chief Minister Manohar Lal Khattar has launched ‘Mission 60,000,’ aiming to provide employment opportunities for 60,000 youngsters from families earning less than Rs 1.80 lakh annually. The announcement was made during the state-level ‘Vivekananda Youth Mahasammelan’ on Swami Vivekananda’s birth anniversary. Under the comprehensive initiative, Khattar outlined key components of ‘Mission 60,000.’ The government plans to engage 7,500 ‘Van Mitra’ individuals, recruit 15,000 contractual employees through the Haryana Kaushal Rozgar Nigam, and involve 7,500 ‘e-Sewa Mitra’ for Common Services Centre, among other roles. Notably, 15,000 youths with diplomas or degrees in civil engineering will undergo specialized training to become contractors. Chief Minister Khattar highlighted a crucial financial support aspect, stating, “The government will extend a loan of Rs 3 lakhs to these individuals for one year without requiring any collateral. Trained youths under this program will be exempt from providing a guarantee for work up to Rs 25 lakh.” The overarching goal is to elevate their annual income, enabling them to surpass the Below Poverty Line (BPL) threshold. Paying homage to Swami Vivekananda, Khattar considered his life an inspiration and emphasized his significant role in representing India’s perspective at the World’s Parliament of Religions in Chicago in 1893. Khattar laid the foundation stone for the Saraswati Vatika development project of the irrigation and water resources department, allocating Rs 3.68 crore for the three-phase initiative. Karnal MP Sanjay Bhatia and Printing and Stationery Minister Sandeep Singh graced the occasion with their presence.

Haryana’s Visionary Leap: ‘Mission 60,000’ Unleashes Employment Opportunities for Underprivileged Youth Read More »

Challenges Faced by Goa’s People with Disabilities in Employment Explored at International Purple Fest

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As part of the ongoing International Purple Fest in Goa, a panel discussion titled “Championing Inclusivity: Sharing Experiences in Employing People with Disabilities (PwDs)” shed light on the challenges faced by people with disabilities in securing employment. The event was organized by the Goa Chamber of Commerce and Industry (GCCI) in collaboration with the State Commission for Disabilities, Keystone Institute India, and Sangath. Minister for Industries, Mauvin Godinho, served as the chief guest, and Subhash Phal Dessai, Minister for Social Welfare, was the guest of honor, overseeing the International Purple Fest. The panel discussion emphasized that despite constituting 8-10% of the population, PwDs encounter difficulties in finding employment opportunities. The event saw the presence of Guruprasad Pawaskar, State Commissioner for PwDs; Elizabeth Neuville, Executive Director, Keystone Institute India; and Monica Bariya, Chairperson, Sangath. In her welcome address, GCCI Vice President Pratima Dhond stressed the importance of integrating PwDs into the mainstream of society. Dhond urged the government to formulate disability-friendly policies within industries to promote the employment of PwDs. Setting the tone for the discussion, Percy Cardozo, a psychologist from Sangath, highlighted the need to treat persons with disabilities as worthy adults. The panel discussion, moderated by Leela Raj, Project Leader at Keystone Institute India, featured diverse perspectives from professionals like Alyx Albuquerque, entrepreneur and business owner; Rebecca Sikha, creative partner; Suman John, managing director; Faisal Ashraf Nomani, talent acquisition specialist; Neha Satish, CSR representative; Suresh P, supervisor in wood and paper unit; Akita Bahl, DLI manager Asia; and Srideep Dutta, kitchen assistant. The discussion underscored the transformative impact of employing persons with disabilities in mainstream businesses, providing not only financial stability but also fostering a sense of respect, belonging, purpose, and pride. The panelists called for a collective effort to create an inclusive environment that recognizes the potential and contributions of individuals with disabilities in the workforce.

Challenges Faced by Goa’s People with Disabilities in Employment Explored at International Purple Fest Read More »

Kotak Mahindra Bank Welcomes Akansha Sriram as VP-HR in Leadership Reshuffle

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Kotak Mahindra Bank has bolstered its leadership team with the recent appointment of Akansha Sriram as the Vice President of Human Resources. Sriram, who previously served at Piramal Capital and Housing Finance Limited, brings a wealth of experience to her new role. This move comes on the heels of Kotak Mahindra Bank’s strategic appointments, including the announcement of Ashok Vaswani as CEO and Anupam Kaura as Chief Human Resources Officer (CHRO). With a focus on strengthening their executive team, the bank is positioning itself for continued growth and success. Expressing her excitement about the new role, Akansha Sriram took to LinkedIn to share the news with her professional network. In her post, she mentioned, “I’m happy to share that I’m starting a new position as Vice President – Human Resources | Vertical HR RM – Priority, NR, CEC, RL – HO at Kotak Mahindra Bank!” Kotak Mahindra Bank is evidently making strategic moves in its leadership appointments, aiming to enhance its capabilities and fortify its position in the financial sector. The addition of Akansha Sriram to the team signifies the bank’s commitment to nurturing talent and fostering a robust human resources infrastructure. The financial industry is closely watching Kotak Mahindra Bank’s leadership transitions, anticipating positive outcomes and continued growth under the guidance of its newly appointed executives.

Kotak Mahindra Bank Welcomes Akansha Sriram as VP-HR in Leadership Reshuffle Read More »

Telangana Congress Government Unveils Visionary State Advisory Council for Education and Employment Revamp

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The recently elected Congress government in Telangana is gearing up for a transformative step by planning the formation of a high-level State Advisory Council dedicated to elevating the standards of education and boosting youth employability in the state. This strategic move aligns with the government’s commitment to fostering a skilled and knowledgeable workforce, as reported by the Times of India. Headed by Chief Minister A Revanth Reddy, the State Advisory Council draws inspiration from the 2004 National Advisory Council spearheaded by Sonia Gandhi. Comprising eminent personalities like Professor Haragopal, former IAS officer Aakunuri Murali, Professor K Nageshwar, and former IPS officer and BSP state president RS Praveen Kumar, the council is set to be a powerhouse of expertise in education and employment matters. In a progressive move, the council is considering the inclusion of advisors from multinational companies (MNCs), bringing a holistic perspective to its initiatives. The operational base will be situated at the Phule Bhavan campus, overseeing activities across state universities and proposed skill development and development universities. The advisory council has outlined key objectives that include providing insights to the government on curriculum enhancement, planning syllabi in alignment with market demands, and amplifying employment prospects for students. Additionally, the council will play a pivotal role in the selection of vice-chancellors, providing valuable consultation on such crucial matters. A notable development is the expressed interest from corporate giants such as Mahindra & Mahindra, Tata, and Centurion University from Orissa, who are keen on establishing skill development universities in the state’s ten districts. Collaborating with the government, these institutes will contribute by offering land, designing curricula, managing admissions and examinations, and producing a workforce tailored to meet the demands of the job market. The proposed three-year courses, available post-Intermediate, ITI, or polytechnic, will employ entrance tests for student admissions, with a specialized focus on industries like the automobile sector. This forward-thinking approach is poised to reshape the educational landscape in Telangana, emphasizing practical skills and industry relevance.

Telangana Congress Government Unveils Visionary State Advisory Council for Education and Employment Revamp Read More »

India Unveils Multi-Pronged Initiatives to Boost Economic Growth and Skill Development

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In a concerted effort to stimulate economic growth and empower the workforce, India has implemented a series of initiatives, including Mudra loans for micro and small businesses, and Production Linked Incentive (PLI) schemes amounting to a substantial Rs 1.97 lakh crore. These endeavors aim to attract global manufacturers, fostering a conducive environment for economic expansion and generating an anticipated 60 lakh new jobs, according to a recent government statement. The Mudra loan initiative, dedicated to micro and small businesses, is geared towards providing financial support to entrepreneurs and bolstering the foundations of grassroots enterprises. This initiative aligns with the government’s commitment to nurturing a vibrant and inclusive entrepreneurial ecosystem. Simultaneously, the PLI schemes, with their significant financial commitment, are designed to attract international manufacturers, promoting foreign direct investment and bolstering domestic manufacturing capabilities. The infusion of funds into these schemes is anticipated to catalyze innovation and technological advancement in key sectors, propelling India onto the global economic stage. Moreover, the government’s focus on skill development is underscored by initiatives such as the Prime Minister Kaushal Vikas Yojana (PMKVY), a flagship program under the Skill India Mission. This program aims to provide skill-based training to the youth across the nation, with a specific emphasis on those hailing from rural areas. The training encompasses Short Term Training (STT) courses and Recognition of Prior Learning (RPL), effectively equipping individuals with the skills necessary for gainful employment. According to the Minister of State for Labour and Employment, these initiatives collectively contribute to the overarching goal of fostering a skilled and adaptable workforce. The multifaceted approach seeks to address both economic and social dimensions, ensuring that the benefits of development are widespread and inclusive.

India Unveils Multi-Pronged Initiatives to Boost Economic Growth and Skill Development Read More »

Uttarakhand’s Aromatic Valleys Project Set to Blossom, Promising 70,000 Jobs for Farmers

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Uttarakhand Chief Minister Pushkar Singh Dhami has announced the development of six Aromatic Valleys in the Himalayan state. This ambitious project aims to generate more than 70,000 employment opportunities through medicinal farming, marking a crucial step towards sustainable economic growth for the region. The six Aroma Valleys are strategically designed to benefit over 37,000 farmers, providing them with an alternative and lucrative avenue for cultivation. The aromatic plants to be grown, such as Damask rose, lemongrass, and Japanese mint, are expected to not only yield higher profits for farmers but also mitigate human-wildlife conflicts. The intense fragrance of these aromatic crops is anticipated to divert animals like monkeys, bears, sheeps, and elephants away from traditional crop fields, reducing crop raiding incidents. Chief Minister Dhami highlighted the dual purpose of the Aroma Valleys project, emphasizing its role in promoting aromatic and medicinal farming while contributing to the welfare of farmers. Aromatic farming is poised to offer higher returns compared to conventional crops like wheat and pulses. The demand for aromatic products, particularly in the luxury segment, presents an economic opportunity for farmers to tap into. The Himalayan states of Uttarakhand and Himachal Pradesh, with their favorable geography and climatic conditions, have emerged as hotspots for aromatic start-ups. The upper regions, in particular, provide an ideal environment for cultivating medicinal and aromatic plants, transforming the sector into a potential hub for Agri-tech enterprises. Uttarakhand’s commitment to the aromatic sector is underscored by the establishment of India’s first Aroma Park in Kashipur. Chief Minister Dhami, during the groundbreaking ceremony in June, highlighted the government’s efforts, including the establishment of a dedicated institution, the ‘Aromatic Plant Center’ (CAP), for the development of the aromatic sector at the state level. The Aroma Park Policy, 2018, embraced by the Uttarakhand government, reflects its dedication to fostering the aromatic sector. Prime Minister Narendra Modi, in December 2021, laid the foundation stone for 46 aroma and perfumery industries in the Kashipur industrial area, further signaling the government’s commitment to the growth of this promising industry.

Uttarakhand’s Aromatic Valleys Project Set to Blossom, Promising 70,000 Jobs for Farmers Read More »

Maharah for Human Resources Faces Investor Skepticism Despite 26% Stock Surge

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Investors in Maharah for Human Resources Company (TADAWUL:1831) remain cautiously skeptical despite the recent 26% surge in the company’s stock price. Shareholders, while witnessing a notable recovery from previous weaknesses, seem hesitant as the price-to-earnings (P/E) ratio stands at 24.9x, appearing relatively “middle-of-the-road” compared to the Saudi Arabian market’s median P/E ratio of approximately 24x. Despite the positive momentum in stock price, concerns linger regarding Maharah for Human Resources’ earnings performance, which has been on a downward trend while other companies are experiencing positive growth. The recent dip in profits by 8.2% over the last year and a total decline of 40% in earnings over the past three years raises apprehensions among investors about the company’s growth prospects. Looking ahead, analysts predict a substantial 102% growth in earnings for Maharah for Human Resources over the next year, outperforming the market forecast of 16% expansion. However, the company’s current P/E alignment with the market suggests that some investors may remain unconvinced about its ability to achieve these growth expectations. The report indicates that the company’s stock price surge hasn’t been fully reflected in the P/E ratio, prompting speculation about underlying concerns among investors. While the market generally views P/E ratios as indicators of a company’s health, Maharah for Human Resources’ situation raises questions about the interplay between its earnings outlook and investor sentiment. Maharah for Human Resources, despite the recent positive stock movement, grapples with investor skepticism, with the P/E ratio not fully aligning with its earnings growth projections. The report advises caution and highlights potential risks, urging investors to consider the broader context before making investment decisions.

Maharah for Human Resources Faces Investor Skepticism Despite 26% Stock Surge Read More »

Former Microsoft HR VP Chris Williams Advocates for Employee Freedom: Embracing Multiple Jobs and Personal Pursuits

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Chris Williams, the former Vice President of Human Resources at Microsoft, has advocated for the acceptance of employees engaging in multiple jobs. Williams, now a leadership advisor, conveyed a clear message to employers through an article published by Business Insider India, emphasizing that employers do not own the lives of their employees. Williams asserted that the concept of employees working multiple jobs is deeply ingrained in the fabric of the working world. He highlighted its prevalence by citing examples, including that of his mother who worked two jobs to support her children through college. The former HR head discussed the advantages of the work-from-home model, attributing its rise to the increased opportunity for individuals to pursue multiple jobs. He expressed that it is unrealistic for managers to believe their claim to employees’ time is exclusive. However, he acknowledged potential issues, particularly when employees work for competitors or misuse confidential information. Williams posed a crucial question for employers: whether the employee is effectively fulfilling their primary job responsibilities. He stressed that if an employee is underperforming, the focus should be on addressing the deficit and holding them accountable for deliverables. Furthermore, Williams emphasized that what employees do outside of work, unless it directly affects job performance, is not the employer’s concern. He urged employers to prioritize results and performance, stating that if an employee falls short, the focus should be on problem-solving rather than interference in their personal pursuits. Williams encouraged managers to celebrate the success of their employees, even acknowledging and appreciating their engagement in secondary jobs. The underlying theme of his message is the need for a results-oriented approach, valuing performance over personal matters outside the scope of employment.

Former Microsoft HR VP Chris Williams Advocates for Employee Freedom: Embracing Multiple Jobs and Personal Pursuits Read More »

CISCE Unveils Lucrative Opportunities: Multiple Vacancies with Competitive Salaries for 2023 Recruitment

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The Council for the Indian School Certificate Examinations (CISCE) has unveiled exciting opportunities with the announcement of vacancies for five key positions within the board. As of December 5, eligible candidates are invited to apply through the provided links on cisce.org, accompanied by the submission of their resumes within ten days from the date of advertisement. Here are the details of the vacancies: Education Officer: Eligibility: Postgraduate degree, preferably in Law, with five years of administrative experience. Skills required: Strong communication skills, ability to correspond independently, excellent planning and organizing skills, multitasking proficiency, and proficiency in Microsoft Word/Excel/Power Point. Age Limit: 45 years Salary: Approximately ₹2.74 lakh per month (CTC). Officer-Human Resource and Legal: Eligibility: MBA in HR Management with a degree in Law and 5 years of experience in HR and Legal matters. Additional Requirements: Similar to Education Officer. Age Limit: 45 years Salary: Approximately ₹2.74 lakh per month (CTC). Assistant Officer-Research: Eligibility: Postgraduate degree with five years of teaching or research experience. Preference for knowledge of NEP 2020, NCF 2023, examination reforms, and research in the educational field. Similar skills and requirements as Education Officer. Age Limit: 40 years Salary: Approximately ₹1.35 lakh per month (CTC). Accounts Supervisor: Eligibility: Commerce graduate with CA, CNA, or CS Inter qualification or Postgraduate degree in Commerce with five years of work experience in the Accounts department. Similar skills and requirements as Education Officer. Age Limit: 40 years Salary: Approximately ₹1.11 lakh per month (CTC). Junior Clerk-Cum-Typist: Eligibility: Graduate with at least 5 years of work experience. Similar skills and requirements as Education Officer. Age Limit: 35 years Salary: Approximately ₹77 thousand per month (CTC). Candidates are encouraged to explore more details and apply through the provided link for a chance to contribute to the CISCE in these key roles.

CISCE Unveils Lucrative Opportunities: Multiple Vacancies with Competitive Salaries for 2023 Recruitment Read More »

Plum Report Reveals Healthcare Crisis in Corporate India: High Costs, Employee Burden, and Calls for Comprehensive Solutions

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The insurtech company Plum has released a comprehensive health report that includes alarming statistics about the state of healthcare in India’s corporate sector. The study, titled “Health Report of Corporate India 2023,” reveals a startling truth: India has one of the highest rates of medical inflation in Asia, with rates rising to a startling 14%. The financial burden on employees is apparent, as 71 percent of them personally pay for their medical expenses, a burden made worse by the rising cost of healthcare. According to a Niti Aayog report, just 15% of India’s growing workforce—which is expected to increase from 522 million in 2022 to an estimated 569 million by 2030—receives health insurance support from their employers. Remarkably, more than 90 million people are disproportionately affected because healthcare costs account for more than ten percent of their overall spending. Moreover, only 12% of businesses provide telehealth support, indicating a sizable gap in full-scope healthcare benefits. The survey also reveals alarming health behaviors among workers, with approximately 59% forgoing yearly physicals and an astounding 90% ignoring routine medical check-ups to keep an eye on their well-being. These numbers raise concerns about the possible long-term effects on people’s general health and well-being. The importance of prioritizing employee health was emphasized by Saurabh Arora, co-founder and CTO of Plum, who stated, “An average person spends 90,000 hours working. That’s almost a third of their life. Employee health should be a top priority for organisations, not only from a humanitarian perspective but also as a strategic investment in their workforce. Hence, just health insurance is not enough – companies should adopt comprehensive healthcare benefits that accommodate insurance, primary, and preventive care.” The well-being of the labor force in India depends on resolving these healthcare issues as the country’s workforce grows.

Plum Report Reveals Healthcare Crisis in Corporate India: High Costs, Employee Burden, and Calls for Comprehensive Solutions Read More »