Madhya Pradesh Chief Minister Shivraj Singh Chouhan on Tuesday announced that state government jobs will be reserved only for local residents, for which his government is going to take necessary steps.
Chouhan told reporters that the state government has taken a key decision that government jobs in Madhya Pradesh will now be given only to the residents of the state. “For this, we are making necessary legal provisions. Madhya Pradesh’s resources are for the children of the state,” he said.
Vowing not to rest till he had put the state’s economy back on the track of growth, Punjab Chief Minister Amarinder Singh on Saturday announced a slew of welfare measures for the people, including facilitation of another 6 lakh jobs for the youth over the next two years, of which one lakh will be in the government sector.
In his Independence Day address here, the Chief Minister announced that 50,000 government jobs will be provided to the youth in FY2021 and another 50,000 in FY2022.
He also announced a virtual mega job mela next month with the target of placement of 50,000 youth in the private sector.
He pointed out that his government had already helped 13.60 lakh youth get gainful employment and self-employment under its flagship the ‘Ghar Ghar Rozgar’ scheme.
While reiterating his government’s commitment to incentives for the industry to attract more investment to the state, he said Rs 63,000 crore investment had already been realized on the ground with the potential of 2 lakh jobs.
Over the next few months, his government will also give debt relief to the tune of Rs 520 crore to landless farmers and workers, said the Chief Minister, pointing out Rs 4,700 crore had already been disbursed to 5.62 lakh farmers under the debt waiver scheme of the government.
He also announced that his government will soon enact a new land leasing law, to secure the land ownership of the farmers and the rights of tenants on agriculture land.
Amarinder Singh further said with the launch soon of the Smart Ration Card scheme, 1.41 crore beneficiaries will become eligible to get rations from fair price shops.
To further boost the infrastructure of the state, the Chief Minister announced the construction of 1,300 km of state and national highways with an investment of over Rs 12,000 crore in the next two years.
Underlining the need to take Punjab back to its lost glory in sports, the Chief Minister announced the construction of 750 rural sports stadiums across the state in the next two years.
Citing the importance of online Education, Amarinder Singh said 1.74 lakh Class XII students of government schools were being given smartphones this year to facilitate their education.
As restrictions in lockdown slowly lift, the confidence of the Indian workforce, be it towards finances or individual confidence, is steadily rising, a LinkedIn survey said on Tuesday.
The composite score in the latest LinkedIn Workforce Confidence Index went up to over 53 – from over 50 in the fortnight of June 15-28, said the report.
The findings are based on survey responses of over 5,500 professionals in India during the weeks of June 1- July 26.
The results showed that nearly one in three professionals is anticipating their personal savings to increase, while two in five expect their personal spending to stay the same in the next six months.
Small business employees are witnessing a lift in their overall individual confidence levels — up from +49 to +58 since June 15-28 — as well as confidence towards finances — up from +35 to +51.
However, this optimism fades when it comes to job security, as the report showed that employees in small and medium-sized businesses are less confident about holding on to their jobs than workers in large enterprises with 10,000 or more employees.
With low cash reserves and on-off lockdowns across several cities, business sustenance for SMBs continues to be a challenging affair.
Findings from the survey underscored a pronounced difference in how professionals from different industries feel about returning to the physical workplace.
The results showed that 46 percent of professionals from recreation and travel, and 39 percent of professionals from the consumer goods industry will return to work as soon as they are allowed to.
However, 50 percent of software & IT employees said they will continue working remotely for now.
This could be due to the fact they have transitioned to working remotely in a smooth manner, among other reasons.
Joining them in their cautious approach, professionals from transportation & logistics, and media & communications were seen wary about returning to the physical workplace.
Risk of exposure, poor sanitation, and lack of workplace policies worry most professionals who are reluctant to return to the physical workplace, showed the survey.
The number of initial unemployment claims in the US fell to 1.186 million last week, following an increase for two consecutive weeks, the Labour Department.
In the week ending August 1, the number of Americans filing for unemployment benefits dropped by 249,000 from an upwardly revised 1,435,000 in the prior week, Xinhua news agency quoted the Department as saying in a report on Thursday.
Initial unemployment claims peaked at a record 6.87 million in the week ending March 28 amid theCOVID-19 shutdowns, with figures declining for 15 weeks consecutively, before the trend was reversed in the week ending July 18 amid a resurgence in COVID-19 cases.
With the latest numbers, more than 55 million initial jobless claims have been filed over the past 20 weeks, indicating a mounting economic fallout related to the pandemic.
The report also showed that the four-week moving average, a method to iron out data volatility, decreased by 31,000 to 1.34 million.
The data comes one day before the Labour Department releases its monthly jobs report.
There has been a modest rise in the overall confidence among professionals in India as retaining a job has itself become a strong booster for many in these tough times, LinkedIn said on Tuesday.
Based on the survey responses of 1,303 professionals in India, the LinkedIn ‘Workforce Confidence Index’ revealed rising optimism towards job security as businesses slowly reopened last month in the country.
“Many people are willing to take up to 50 percent cut in their salaries for an assured job. This means that whoever retains a job today, clearly knows that his/her role matters to the organization even in the new reality,” explained HR expert Prabir Jha.
The findings showed that about two in three professionals will increase their time spent searching for (66 percent) and applying to (64 percent) jobs in the next two weeks.
The active job seekers aim to upskill today for a safer tomorrow as 68 percent said they will increase their time spent on online learning to harbor long-term job security and career progression.
However, only one in four senior professionals said they would increase their time spent on searching for jobs in comparison to almost half (45 percent) of the junior workforce.
The showed that only 16 percent of decision makers would increase the number of jobs they apply to when compared to 48 percent of the junior workforce.
“More experienced workers may have savings to support them in the long run,” said Jha, explaining why senior professionals are not as inclined towards increasing their time spent on searching for jobs.
The Delhi government on Monday launched a web portal to make job opportunities available to those who lost employment due to the coronavirus-induced lockdown, a move aimed at reviving the capital’s economy.
The web portal — http://jobs.delhi.gov.in – can be used by those looking for jobs and also for employers looking to recruit people. It will be called a ‘Rozgar Bazar’, said Chief Minister Arvind Kejriwal during a digital press conference.
“Those who are looking to recruit people for jobs can go to the website and update their requirements. Job seekers can also go there and update their qualifications, experience, and requirement,” the Chief Minister added.
He said that the move will immensely help businesses, construction companies, professionals, and shopkeepers in the capital city. “It is a big step towards bridging the gap between job seekers and providers.”
Kejriwal also requested the laborers who had migrated to their states during the lockdown to come back and resume their jobs. “A lot of migrant laborers have now started coming back. I request the rest to come back as the situation is stable in Delhi.”
The Labour and Employment Minister Gopal Rai said that the service is free and warned middlemen not to seek money from people. “Businessmen, construction companies, and skill centers are also requested to register.”
Rai also asked people to help those who do not know how to operate the website. The Delhi government also showed a procedural video to help people understand how to apply.
A person can first Google the website, select one of the two options – if you are on the lookout for jobs then select ‘I want a job’ or else click on ‘I want to hire’, enter the mobile number, put the OTP, select job category, build a profile and submit.
“Select the job you like and connect to the employer with the help of a call or WhatsApp,” the video showed.
Meanwhile, Delhi CM also asserted that a special order will be taken out on Monday to allow hawkers to resume their work.
Hong Kong’s unemployment rate remained the highest in more than 15 years during the past three months as the economy was still struggling against double blows from the ongoing COVID-19 pandemic and months of social unrest.
The unemployment rate rose further from 5.9 percent during the March-May period to 6.2 percent in the April-June period, Xinhua news agency quoted data from the city government as saying on Monday.
Over the same period, the underemployment rate also increased from 3.5 percent to 3.7 percent.
“The labor market continued to deteriorate for the second quarter of 2020 as a whole,” Secretary for Labour and Welfare Law Chi-Kwong said, stressing the two figures stayed at the highest levels in over 15 years and nearly 17 years, respectively.
The consumption and tourism-related sectors saw a combined jobless rate of 10.7 percent from April to June, much higher than the average level and marking the highest since the SARS outbreak in 2003.
The unemployment rate of food and beverage service stood at 14.7 percent.
“The still serious epidemic situations in certain parts of the world, and the renewed surge in local cases lately serve as a timely reminder that the economic outlook is still subject to huge uncertainties,” Law said.
Hong Kong’s labor market situation will depend very much on how the global and local pandemic situations evolve, he added.
There was a resurgence of new COVID-19 cases in Hong Kong over the past weeks.
The Center for Health Protection on Monday reported 73 new cases, including 66 local infections.
The government has rolled out relief measures of unprecedented scale in the face of the worsening unemployment, including a series of measures to create jobs and help keep workers in employment.
Law said the government will start to provide the elderly and middle-aged workers an allowance in September to encourage them to participate in on-the-job training and will also increase the subsidy to employers hiring the elderly and middle-aged.
The number of initial jobless claims in the US fell slightly to 1.3 million last week but remained elevated, the Labor Department reported.
In the week ending July 11, the number of Americans filing for unemployment benefits decreased by 10,000 from 1.31 million in the prior week, the Department was quoted as saying on Thursday by Xinhua news agency.
With the latest numbers, a staggering 51.3 million initial jobless claims have been filed over the past 17 weeks, according to Joseph Brusuelas, the chief economist at accounting and consulting firm RSM US LLP.
“It is the 17th straight week that initial claims have increased by more than 1 million. Once one accounts for Pandemic Unemployment Assistance, claims increased by 2.2 million,” Brusuelas wrote in a blog post on Thursday.
“It is highly likely that various forms of unemployment insurance will expire in the coming days, so forward-looking investors should anticipate sustained initial claims data, with more than 30 million Americans remaining on some form of aid in the near term,” Brusuelas noted.
“Although initial claims have come down significantly from the record 6.87 million that was filed in late March, they remain frustratingly elevated in a historical context,” echoed Jay H. Bryson, the chief economist at Wells Fargo Securities.
Federal Reserve Governor Lael Brainard said on Tuesday that it was “unclear” whether the pace of the recent labor-market recovery will be sustained as weekly COVID-19 cases in the US have been rising and some states are ramping up restrictions.
“The pace of improvement may slow if a large portion of the easiest gains from the lifting of mandated closures and easing of capacity constraints has already occurred,” she said.
Chinese smartphone manufacturer Vivo on Thursday launched X50 and Vivo X50 Pro under X-series in India that comes with cutting-edge Gimbal stabilisation technology along with 5G connectivity.
The Vivo X50 price has been set at Rs 34,990 for the 128GB storage variant, while the 256GB storage option carries a price tag of Rs 37,990.
The Vivo X50 Pro price is set at Rs. 49,990 for the lone 256GB storage variant. The devices will be available for pre-booking starting from Thursday and the sale would begin on July 24, said the company.
“Featuring cutting-edge Gimbal Stabilization Technology, Superb Night Camera, 60X Zoom and X-Class Design, the X50 series smartphones enable users to capture stable and high-quality images and videos in a wide range of scenarios, making every shot a masterpiece,” said Nipun Marya, Director-Brand Strategy, Vivo India.
The company last week announced its entry into the premium smartphone segment with the new X-series in India which will be manufactured at the company’s Greater Noida facility. In the first quarter this year, Vivo captured 21 percent market share, grabbing the second spot after Xiaomi.
Vivo X50 Pro features a 6.56-inch full-HD+ (1,080×2,376 pixels) 3D Curved Ultra O AMOLED Screen with HDR 10+ support, 90Hz refresh rate, and 180Hz touch response rate.
It is powered by octa-core Qualcomm Snapdragon 765G SoC, paired with 8GB of LPDDR4x RAM and up to 256GB of UFS2.1 storage that doesn’t support expansion via microSD card.
The smartphone comes with a quad rear camera that includes a 48MP customized Sony IMX598 primary sensor with Gimbal Camera System, an 8MP super-wide-angle shooter with a 120-degree FoV, 13MP bokeh shooter and an 8MP telescopic shooter that enables 60x hybrid zoom. There is also a 32MP selfie camera at the front.
The smartphone runs Android 10 and houses a 4315mAh battery that supports 33W Flash Charge.
Vivo X50 features a 6.56-inch full-HD+ Flat Ultra O AMOLED Screen with HDR 10+ support, 90Hz refresh rate, and 180Hz touch response rate.
The phone has octa-core Qualcomm Snapdragon 730 SoC, coupled with 8GB of RAM, up to 256GB of onboard storage that doesn’t support any expansion via a microSD card.
The smartphone houses a quad-camera setup including a 48MP customized Sony IMX598 primary sensor with optical image stabilization (OIS), an 8MP secondary sensor with a super-wide-angle lens that has a 120-degree field of view (FoV), along with a 5MP macro shooter and a 13-megapixel bokeh shooter. There is also a 32MP selfie camera at the front.
Vivo X50 runs on Android 10 and houses a 4,200mAh battery that supports 33W Flash Charge fast charging technology.
Vivo also launched TWS earbuds for Rs 5,990. It is said to feature a 14.2mm driver in each earbud, Qualcomm aptX Adaptive feature that saves 1.5x more audio data and DeepX stereo sound effects for better output.
Rate of applications per job has now increased by 48 percent in India compared to average applications per job in the pre-COVID period, said a report by online hiring platform QuikrJobs on Friday.
The situation is worse in metro cities as QuikrJobs saw a greater increase in the rate of applications per job in these areas, compared to job applications in non-metro areas, according to the report titled “Impact of Covid-19 on the Blue-Collar Industry in India”.
There was a significant increase in applications per job as compared to pre-COVID for roles like a data entry/back office (115 percent), delivery executives (139 percent), driver (122 percent), teacher (108 percent), marketing (179 percent) and sales (187 percent), said the report.
Owing to international flight cancellations and restriction on entry/exit of people by many countries, “Work Abroad” jobs saw a 65 percent dip in applications from job-seekers.
This report analyzed job listings by recruiters and job applications by job-seekers as seen on the QuikrJobs platform from January till March 15 as pre-COVID period and March 16 till the end of May 2020 as COVID lockdown period.
The data showed that the availability of a blue-collar workforce has increased significantly as compared to the availability of jobs.
QuikrJobs witnessed a dip in both jobs and applicants during the lockdown, especially in April.
However, the overall applications for blue-collar job roles saw a 108 percent growth in applications and a 36 percent increase in the availability of jobs in May as compared to April.
Roles that can be classified as “Work from Home” is currently the most preferred option for many job-seekers saw an increase in the salary offered, said the report.
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