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7th Pay Commission: Central government employees disappointed with Prime Minister for poor pay, allowances

Central government employees are feeling let down by the political authority of the country for denying them their due in terms of better monthly salary and allowances. Despite representations to the Prime Minister, Home Minister, Finance Minister, Railways Minister, Departmental heads and Committees set up by the government to look into the pay and allowances related grievances, the employees have expressed utter disappointment that they have not been heard so far.“ We had sought a minimum pay of Rs 26,000, they gave us Rs 18,000. After every meeting they do not say anything. We ask, how much you can improve upon, you tell us how much you can go, but they don't say anything, said Mr. K. K. N. Kutty, President, Confederation of Central Government employees and Workers, on the discussions the union has had over Allowances. “There is no discussion in real terms, they simply listen to us and do not commit anything. We think the political authority, we don't know, it could be Prime Minister, has not authorized the bureaucracy to commit anything to us,” added Mr. Kutty. When around 33 lakh central government employees threatened to go on strike on July 11 protesting the implementation of 7th Pay Commission, the Finance Ministry had agreed to set up Anomalies Committee, and Allowances Committee who would be mandated to go through the fine print of the 7th Pay Commission. Even after the formation of 22-member Anomalies Committee headed by Secretary, Department of Personnel and Training (DoPT) with members from both the official and staff side, and Allowances Committee headed by Finance Secretary, no settlement on the wage hike or allowances issue appears in sight. The Government is yet to set up the high level committee on minimum wage, fitment formula revision and other main demands of central government employees as assured by Cabinet Ministers in July 2016.


Source :  Zeenews.india.com  


Paytm appoints ex-Times Internet executive Mr. Deepak Abbot as Senior VP

India's largest mobile payment and commerce platform Paytm has announced the appointment of Mr. Deepak Abbot as its Senior Vice President - Growth Marketing. Previously, Mr. Abbot was working with Times Internet as the head of mobile growth. With over 17 years of work experience in growth hacking, mobile marketing and data analytics, he has also worked as the Chief Product Officer at Reliance Entertainment Digital, General Product Manager at Zapak, UX Consultant at Satyam Computers and Product executive at CyberMedia. "I am very happy to see Mr. Deepak Abbot back in Paytm. We are in the next phase of our growth, and his skills and expertise will be instrumental to our efforts of reaching half a billion users by 2020," said Founder and CEO of Paytm, Mr. Vijay Shekhar Sharma. "It feels great to be a part of Paytm again. This is one of the most exciting phases in the organization's growth curve," said Mr. Abbot about his appointment. "Paytm has aggressive plans to expand its business and I am looking forward to contributing towards the same with my growth marketing efforts," added Mr. Sharma. Paytm has been strengthening its product and tech teams by hiring top talent in leadership positions such as former Reserve Bank of India executive Mr. Shinjini Kumar as the chief executive of its payment bank and former Citigroup executive Mr. Madhur Deora as the Chief Financial Officer.



Source :   Business-standard.com  

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Abrupt rise in the Pre-Placement offers are likely to boost IIT recruitment's this year

Spotting a rapid surge in the Pre-Placement Offers (PPO) this year, students of IITs are also anticipating a growth in placements. Compared to last year, the PPOs for IITs have increased by 25-30 PCT, indicating that the companies are looking forward to hire more students through internships. PPOs are offered by the companies with an aim to grab deserving candidates before the final placements. "We were a little apprehensive earlier about the job market, but seeing the trend in PPOs this year we certainly see positivity in the overall job market," said Mr. NP Padhy, Professor In-Charge of Placement, IIT Roorkee. Considering the current situation in IIT-Roorkee, companies such as Vodafone, American Express India, and Capital One Financial Services, Accenture and Visa have already hired students through the PPO route. According to Mr. NP Padhy, about 300 companies are expected to sign up on IIT campus for the final recruitment process. The numbers are high in IIT-Bombay as well, with 125 companies already signed up for hiring students through the PPO route. Also, IIT-BHU sighted a rise of about 32 PCT in PPOs, with last year’s 72 to 94 this year. Furthermore, IIT-Kharagpur has also received 150 PPOs and expects to reach last year’s count of 170. While start-ups are also vying for more talent in the field of engineering, there will be a tough competition in the final placement season. Final recruitment at the IIT campus will begin from 1st December, expecting around 250 companies seeking talent, and about 1,950 students preparing for the season of opportunity.

Source : Jobs.siliconindia.com   

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HAPPY JANMASHTAMI !!!


The Indian Institutes of Technology, one of the most esteemed autonomous public institutes of India, want their students start accepting internship offers from potential employers. This initiation is encouraged so that the institute can boost the count of students who get placed by the period of the final placements season in December. This initiative popped up due the concern where 5 to 15% of IIT students are left without any job offers almost every year. "Internship is a natural footstep for all the IITs. This will make space for additional students in the final placement season," said Mr. Debasis Deb, chairman, IIT Kharagpur, Career Development Centre. With its peak student enrolment rate, IIT Kharagpur has a great task in sight of placing around 2000 students every year, which consists of PhD students, postgraduate and undergraduate. "If we get 300 pre-placement offers this year, which is almost twice of last year's numbers, the strain on final placement gets cut down," Mr. Deb said. Nearly all IITs are to start the pre-placement offer season in a few weeks. Most IITs hardly have 80% placements expressed Mr. Kaustubha Mohanty, placement in-charge, IIT Guwahati. “Not a single IIT has 100% success rate in placing all the students.” Apart from low-scoring students who have failed to get placed, there are students who choose to skip placements, accredited to the start-up boom in India, and a few more who wish for higher studies. "Internship is a courtship course for both students and companies before resolution on job offers," said Mr. Mohanty. “It also elevates the odds of getting a job offer.”

Source : Jobs.siliconindia.com   


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GST rollout across the country will improve ease of doing business and encourage industries to expand their operations, which in turn will help boost job opportunities, experts say. The Make in India initiative will get a significant boost as companies would be able to create manufacturing and industrial hubs across the country as GST would break the barrier of state tax regulations. "Passing of GST in a single stroke will benefit both corporates and the economy. It will pave the way for significant job creation across most domestic consumption driven sectors," said Ms. Rituparna Chakraborty, co-founder & Executive Vice-President, TeamLease Services. Under the new indirect taxes regime, which is likely to take effect from 1 April 2017, levy on manufactured goods will come down while consumers may end up spending more as service tax burden would go up as GST is a consumption-based tax. "The uniformity of tax structures will open up markets beyond favourable territories, lead to expansion of services, capacity and product range. It will also lessen protectionism among states and lead to more innovation," said Ms. Chakraborty. The industries that will spur job creation immediately are consumer goods/ FMCG, media, auto industries, cement and logistics, she hoped. "For initial 1-2 years, a lot of accounting and training companies will also be able to create job opportunities specialising in implementation of GST," executive search firm GlobalHunt MD Mr. Sunil Goel said, adding that sectors like manufacturing, FMCG, e-commerce, telecom, automotive and media will be major ones to benefit and will generate more jobs.


Source :  Firstpost.com   



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