0 comments Posted by L.ArulRajh at 8:53 AM
Amidst existential questions over the impact of globalisation and concerns around the rising trend of protectionism, 71 per cent of India’s chief executive officers (CEOs) are very confident of their company’s growth in the next 12 months, against a global average of 38 per cent. Globally, 29 per cent of CEOs, on an average, expect economic growth to improve over the next 12 months. However, 42 per cent of India’s CEOs are optimistic of improvement in the global economy. According to an annual survey of 1,379 CEOs across 79 countries carried out by PwC — the findings of which were released at the World Economic Forum in Davos — an impressive 67 per cent of India’s CEOs (against 52 per cent globally) expect to increase headcount in the next 12 months, with just nine per cent (16 per cent globally) planning to cut their workforce. When asked to name the country’s most important for their organisation’s overall growth prospects in the next 12 months, Indian CEOs cited the US (55 per cent), followed by China (30 per cent), the UK (22 per cent) and Germany (16 per cent). Mumbai, New York and London were identified as the most important cities by Indian CEOs for their organisation’s growth. Confidence in the Indian economy is reflected in the optimism of Indian CEOs in their company’s growth. It reinstates India’s growth story, backed by the government’s reforms agenda,” noted Mr. Shyamal Mukherjee, chairman, PwC India. The survey found that CEOs worldwide feel globalisation has done little to solve income inequality — 44 per cent said globalisation has not helped close the gap between the rich and the poor.
Source : Business-standard.com
0 comments Posted by L.ArulRajh at 10:50 PM
Prime Minister Mr. Narendra Modi laid emphasis on innovation in the tourism sector and skill development to boost employment generation. The dominant view at a day-long brainstorming session for top policy makers and economists at the National Institution for Transforming India (NITI) Aayog was the Budget for 2017-18 which should be friendly to citizens and taxpayers. Mr. Modi said Indians, in general, don’t want to evade taxes but they want proper utilisation of their hard-earned money given to the government as taxes. He said people talk of demographic dividends but he wanted to understand from economists as to how could that be reaped when automation was happening. “We need skills, scale and scope to realise our demographic dividend,” Mr. Modi said. He said tourism, both international and domestic, needed to be focused on creating jobs. Besides, skills would have to be developed to make people employable, he added. Defending the government’s decision to bring the Budget presentation ahead by almost a month, Mr. Modi said authorisation of expenditure came with the onset of the monsoon in the existing Budget calendar. This, he said, resulted in government programmes being relatively inactive in the productive pre-monsoon months. Advancing the Budget presentation by a month would allow expenditure to be authorised by the time the new financial year began. Budget is likely to be tabled in Parliament on February one against the usual practice of February 28. Later, briefing reporters about the meeting, NITI Aayog Vice-chairman Mr. Arvind Panagariya said the Prime Minister also underlined the need for greater cooperation among different wings of the government.
Source : Business-standard.com
0 comments Posted by L.ArulRajh at 5:43 AM
After hiring ad-hoc and guest faculties in order to ensure that studies of the students are not affected, Delhi University, one of the most sought after varsities in the country, will appoint over 4,000 teachers on a permanent basis in 2017. In a report submitted before the Delhi High Court on the issue of appointing teachers to vacant posts, the HRD Ministry has said that at a high-level meeting between officials of the ministry, the University Grants Commission and the Delhi University was held recently where the officials had “agreed” that the “holding of regular selection process, in accordance with the rules and the norms laid down in this behalf, is not only an imperative but is also beneficial — both for the student community as well as the teachers themselves”. The Delhi University will issue advertisements for the posts in January. The report was submitted before the bench of Justice J R Midha, in a plea filed in 2001 by a group of teachers appointed in DU as lecturers to teach in the Faculty of Law on ad-hoc basis in 1995. The court had noted that lecturers appointed “as far back” as 1995 were “still continuing as ad-hoc teachers after more than 21 years”. The petition had originally challenged the practice of making lecturers “appear in the interview of the Selection Committee after every six months, even when the petitioners have been continuing to teach as full-time (ad-hoc) lecturers for many years, as arbitrary, unjust and amounting to harassment and exploitation”. On December 1 this year, the bench had appointed a committee of the secretary, Ministry of HRD, the DU V-C and Additional Solicitor General Maninder Singh “to reconsider the present practice and consider framing a fair and reasonable policy in such matters”.
Source : Financialexpress.com