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What campus hirings in IITs tell about trends in India Inc

From dollar dreams and old MNCs to startups and new-age tech cos, IITians' job choices reflec the changing corp landscape.

labour ministry

Dec 15, 2019, 10.46 AM IST



Consumer spend survey won’t be released: Ministry

A media report citing a National Statistical Office (NSO) survey titled, ‘Key Indicators: Household Consumer Expenditure in India,’ showed that the average amount spent by an Indian in a month fell 3.7% to Rs 1,446 in 2017-18 from Rs 1,501 in 2011-12. Consumer spending declined 8.8% in 2017-18 in villages, it rose 2% over six years in cities, it said.

Migrant labourer killed in Srinagar grenade attack

At least 13 people were injured in the grenade attack, the second in less than a month, an...

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  • CAG report tabled in Parliament reported that senior citizen concession accounted for 52.5 per cent of the total allowed by the national transporter. Thus, the 'Give it Up' scheme, which started in 2017, encouraging senior citizens to give up their train fare concessions, is not encouraging enough.

    King Carl XVI Gustaf and Queen Silvia of Sweden are on a five day India visit. MEA Spokesperson tweeted PM Narendra Modi received the royal couple at Hyderabad House in New Delhi for the delegation level talks and strengthening bilateral ties. The King will also have a meeting with President Ram Nath Kovind on ways to further boost relations.

    The government has allocated Rs 937 crore for exploration of mines that are not associated with Coal India, for the ongoing financial year, Parliament was informed on Monday. Of this fund, Rs 120 crore has been earmarked for regional exploration and Rs 817 crore for detailed drilling, Coal Minister Pralhad Joshi said in a written reply to the Rajya Sabha.

    The Board of Governors of these institutes are empowered to start new courses, including dual degree courses, he said.

    “Under PMKVY (2016-20), as on November 11, 2019, approximately 69.03 lakh candidates have been trained throughout the country,” minister Singh said in a written reply to Rajya Sabha on Friday.

    The Human Resource Development (HRD) Ministry's committee on JNU will initiate dialogues with students and administration as well as submit recommendations on resolution of all issues, they said.

    “The number of hours which shall constitute a normal working day… shall be of nine hours,” said the draft rules, floated for public opinion.

    Senior BJP leader Sudhir Mungantiwar and state BJP chief Chandrakant Patil to meet the governor today to stake claim on behalf of Fadnavis and a new government would take oath by Friday.

    The Ministry of Coal is planning to take services of a consulting firm to set up a project management unit to support on expediting coal block operationalisation, according the notice published for Request for Bid stated. The last date for submission of bid is December 19, it said.

    Labour productivity fell to 2.6% and 2.9% in FY17 and FY18 respectively compared to high growth phase of FY04-FY08 when it grew 14.2%, said an Ind-Ra analysis. Longer and sustainable labour productivity growth is dependent on investments in innovation, knowledge, and intangible capital by businesses, and governments’ commitments towards structural reforms, the report said.

    However, while the Ordinance said that the lower MAT will be effective immediately, the Bill said the reduced MAT will come into effect from next financial year.

    Vaz had been the Labour Party's MP for Leicester East since 1987 but announced in a statement overnight on Sunday that he would not be seeking re-election in the December 12 General Election. "I have decided to retire after completing 32 years as the Member of Parliament for Leicester East. In that time, I have won eight general elections," Vaz said.

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