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(Bloomberg)

Himachal to go Haryana way on job quota for local youngsters

By Gaurav Bisht and Naresh K Thakur | Hindustan Times/Shimla
UPDATED ON NOV 10, 2020 05:47 PM IST
A poll promise, BJP mulls 70% quota in jobs for natives in hill state that has an unemployment rate of 13.5%.
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The national unemployment rate was up 6.98% compared to 6.67% in September.(Reuters file photo)
The national unemployment rate was up 6.98% compared to 6.67% in September.(Reuters file photo)

Rural unemployment climbs to 6.9% in October

By HT Correspondent | livemint, New Delhi
UPDATED ON NOV 03, 2020 08:40 AM IST
India’s rural unemployment rate climbed more than 100 basis points month-on-month (m-o-m) in October with the region seeing a significant fall in the creation of person-days under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), even as the rabi harvest season kicked off.
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With a majority of companies retaining experienced staff, the axe fell mostly on employees below 30 years in white-collar jobs such as professional desk, managerial or administrative work.(Representational photo)
With a majority of companies retaining experienced staff, the axe fell mostly on employees below 30 years in white-collar jobs such as professional desk, managerial or administrative work.(Representational photo)

Post-Covid, Himachal’s placement initiative meets limited success

By Gaurav Bisht | Hindustan Times, Shimla
UPDATED ON OCT 31, 2020 04:42 PM IST
With tourism sector hit, state government finds few takers for jobs in industrial belt due to location and higher salary expectations
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The spurt in new company registration suggests a shift in economic activity after the coronavirus pandemic.(HT File Photo)
The spurt in new company registration suggests a shift in economic activity after the coronavirus pandemic.(HT File Photo)

Incorporation of new firms highest in 7 years

By HT Correspondent | Mint, New Delhi
UPDATED ON AUG 19, 2020 07:01 AM IST
Data for new company registrations in July is more optimistic than certain other high-frequency economic indicators, which had suggested that a revival of the Indian economy may be prolonged due to the severe impact of the pandemic and the extended lockdown measures.
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A comparison of current perception on general economic situation in the CCS along with quarterly GDP figures shows that they have pretty much moved in tandem.(Bloomberg)
A comparison of current perception on general economic situation in the CCS along with quarterly GDP figures shows that they have pretty much moved in tandem.(Bloomberg)

Is economy recovering with easing of lockdown or sinking?

By Roshan Kishore | Hindustan Times, New Delhi
UPDATED ON AUG 12, 2020 10:03 AM IST
There is also the question of whether the recovery is merely sequential – current month over previous month – or strong enough to prevent an annual contraction from the second quarter onwards.
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The point of maintaining a contingency fund is having liquid cash whenever you require it.(Bajaj Finserv)
The point of maintaining a contingency fund is having liquid cash whenever you require it.(Bajaj Finserv)

Why should you build an emergency fund with a fixed deposit?

UPDATED ON JUL 15, 2020 03:29 PM IST
An ideal emergency fund must offer safety, liquidity, and decent growth to help you meet your monthly obligations and preserve your way of life, without any adverse impact on your CIBIL scores or credit reports.
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Expansion of farming activity and MGNREGS work have helped cut rural job losses.(HT Photo)
Expansion of farming activity and MGNREGS work have helped cut rural job losses.(HT Photo)

Rural job loss rate at 4-month low

By Prashant K Nanda | Mint, New Delhi
UPDATED ON JUL 13, 2020 11:36 PM IST
CMIE data showed urban unemployment continues to remain sticky, though it fell 1.3 percentage points in the week to July 12 over the previous week.
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Not surprisingly, the country’s factory output, a key measure of economic activity, shrunk by 16.7%, data from the Central Statistics Office had shown on May 12, signalling that a widespread shutdown hit the economy hard.(Bharat Bhushan/HT Photo)
Not surprisingly, the country’s factory output, a key measure of economic activity, shrunk by 16.7%, data from the Central Statistics Office had shown on May 12, signalling that a widespread shutdown hit the economy hard.(Bharat Bhushan/HT Photo)

Unemployment rate in May unchanged at 23.5%: Data

By Zia Haq | Hindustan Times, New Delhi
UPDATED ON JUN 02, 2020 06:20 AM IST
According to data from Centre for Monitoring Indian Economy’s (CMIE) website, the rate of unemployment in urban India stood at 25.6%, higher than rural India’s 22.6%.
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The government has been announcing various relief measures to reduce financial distress and increase liquidity in the hands of the common man, during these times.(Shutterstock)
The government has been announcing various relief measures to reduce financial distress and increase liquidity in the hands of the common man, during these times.(Shutterstock)

Lock in to attractive FD interest rates to protect your savings

UPDATED ON MAY 20, 2020 12:42 PM IST
Financiers like Bajaj Finance Limited are still offering lucrative returns up to 7.85% on their fixed deposit. Read along to know why you must invest in a Bajaj Finance Fixed Deposit to protect your savings, during these times.
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Analysts have been warning about the spectre of unemployment ever since the country was put under a lockdown on March 25 by Prime Minister Narendra Modi to arrest the spread of the coronavirus infections.(Bloomberg)
Analysts have been warning about the spectre of unemployment ever since the country was put under a lockdown on March 25 by Prime Minister Narendra Modi to arrest the spread of the coronavirus infections.(Bloomberg)

India’s unemployment rate soars to 27.11% amid Covid-19 crisis: CMIE

By Press Trust of India | Mumbai
PUBLISHED ON MAY 05, 2020 07:14 PM IST
CMIE said the rate of unemployment was the highest in the urban areas, which constitute the most number of the red zones due to the Covid-19 cases, at 29.22 per cent, as against 26.69 per cent for the rural areas.
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People sleep on a sidewalk near Chandni Chowk market in New Delhi.(Bloomberg)
People sleep on a sidewalk near Chandni Chowk market in New Delhi.(Bloomberg)

India’s unemployment rate rises to 7.78% in February, highest in 4 months: Report

By Reuters | New Delhi
UPDATED ON MAR 02, 2020 03:15 PM IST
In rural areas, the unemployment rate increased to 7.37% in February from 5.97% in the previous month, while in urban areas, it fell to 8.65% from 9.70%.
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A laborer watches a movie on his mobile phone as he takes a break with others as they repair a road in Mumbai.(Photo: AP)
A laborer watches a movie on his mobile phone as he takes a break with others as they repair a road in Mumbai.(Photo: AP)

Non-financial companies hit harder by slowdown, financial firms gain

By Vineet Sachdev | Hindustan Times, New Delhi
UPDATED ON JAN 26, 2020 11:06 AM IST
The Indian economy has been losing growth momentum for six consecutive quarters up to September, 2019. GDP growth fell to 4.5% in the quarter ending September, the lowest since March 2013.
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While the number of people unable to find jobs has grown, the number seeking them has fallen(REUTERS)
While the number of people unable to find jobs has grown, the number seeking them has fallen(REUTERS)

India’s unemployment crisis is worrying, writes Karan Thapar

UPDATED ON NOV 16, 2019 07:55 PM IST
The labour force participation rate — the number of people looking for jobs — is simultaneously shrinking. In 2016, it was 47-48%. Today, it’s 43%. So while the number of people unable to find jobs has grown, the number seeking them has fallen. That is not good news
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HT Image
HT Image

210 apply for one post of patwari in Himachal

By Navneet Rathore | Hindustan Times, Chandigarh, Shimla
UPDATED ON OCT 11, 2019 10:55 PM IST
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Consumer confidence levels, which were resilient until the November 2016 invalidation of high-value banknotes, have tanked 2017 onwards.(Getty Images/iStockphoto)
Consumer confidence levels, which were resilient until the November 2016 invalidation of high-value banknotes, have tanked 2017 onwards.(Getty Images/iStockphoto)

Indian economy in 2018: Dampened sentiments need a cheer-up tablet

UPDATED ON DEC 31, 2018 09:00 AM IST
India is grappling with the mismatch between economic fundamentals and business sentiments, which appeared to have taken a hit in the aftermath of the demonetisation exercise and the implementation of GST. The government’s perceived differences with the central bank have not helped matters.
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The Union Cabinet approved the Agricultural Export Policy, 2018, on Thursday. The policy is aimed at doubling agricultural exports from the current level of $30 billion by 2022.(HT File Photo)
The Union Cabinet approved the Agricultural Export Policy, 2018, on Thursday. The policy is aimed at doubling agricultural exports from the current level of $30 billion by 2022.(HT File Photo)

Putting the $100 billion agricultural exports target in perspective

By Roshan Kishore | New Delhi
UPDATED ON DEC 08, 2018 07:39 AM IST
This, the policy says, is to be achieved through a diversification of the export basket including indigenous, organic and ethnic exports.
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A farmer who wants to practice subsistence farming is less vulnerable to loss from sudden crash in prices than the one who actually wants to exploit the commercial route to success(Sameer Sehgal/Hindustan Times)
A farmer who wants to practice subsistence farming is less vulnerable to loss from sudden crash in prices than the one who actually wants to exploit the commercial route to success(Sameer Sehgal/Hindustan Times)

Viability, not production growth, is the biggest crisis facing farmers

By HT Correspondent | Hindustan Times
UPDATED ON DEC 06, 2018 05:27 PM IST
Price crashes lead to a decline in cultivation of a crop in the next season, this leads to a spike in prices leading to increase in cultivation in the next season. It could be a good idea to educate farmers about rationalising their expectations and hence future cultivation decisions in periods of scarcity.
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According to Labour Bureau data, the NDA government created 4.21 lakh jobs in 2014, 1.35 lakh in 2015, 2.31 lakh in 2016 (representing the first nine months, since the Labour Bureau changed its series in the last quarter), and 4.16 lakh in 2017(Bloomberg)
According to Labour Bureau data, the NDA government created 4.21 lakh jobs in 2014, 1.35 lakh in 2015, 2.31 lakh in 2016 (representing the first nine months, since the Labour Bureau changed its series in the last quarter), and 4.16 lakh in 2017(Bloomberg)

Tackle the terror of unemployment with sound economic policies

By Jyotiraditya Scindia
UPDATED ON JUN 07, 2018 12:07 PM IST
By 2026, 64% of Indians are expected to be in the working age group of 15-59 years, giving us the benefit of having the largest workforce in the world. However, a nation’s demographic dividend is only realised when it is transformed into human capital - a task that the BJP has miserably failed to accomplish
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Diploma students at the Yashaswi academy during a training session.(HT Photo)
Diploma students at the Yashaswi academy during a training session.(HT Photo)

Campus Connect: Helping a young workforce learn & earn

By Ananya Barua | Hindustan Times, Pune
UPDATED ON MAY 18, 2018 03:01 PM IST
Yashaswi aims to tackle nation’s unemployment woes through vocational training courses
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