Archives- News Updates On March

2011

Haryana issues guidelines for effective implementation of the Right to Education Act

The Directorate of Elementary Education in Haryana has issued guidelines for the effective implementation of the Right to Education Act. A spokesman of the Directorate said that every child in the age group of six to 14 years would be provided eight years of elementary education by all the government schools, government aided and recognised schools. Children with disabilities would also be educated in the mainstream schools. 

Source: www.financialexpress.com, March 30, 2011. “Haryana issues guideline on Education Act”

Bihar government to impose Professional tax 

Bihar government has decided to impose professional tax on central and state governments officers and employees, Railways, boards and corporation on the pattern of Maharashtra, West Bengal and other states, official sources said today. The bill would come into force from the date of its notification in the state gazette. 

Source: www.financialexpress.com, March 30, 2011. “Professional tax to be imposed in Bihar”

Govt accepts IIM’s proposal to scrap service tax on short courses

The government has finally acceded to the Indian Institute of Managements’ (IIM) long-standing demand for waiving of service tax on certain management courses. The Central Board of Excise & Customs (CBEC) is learnt to have decided to waive service tax on open enrollment short duration executive programmes. The Commissioner of Service Tax will soon issue an order to this effect. 

Source: www.financialexpress.com, March 30, 2011. “IIMs: Govt to scrap service tax on short courses”

Medical Council’s plan to scrap PG exam may ease the process for PG students

If the Medical Council of India (MCI) has its way, medical students may not have to sit for post-graduate exams. The proposal of the MCI, however, will only be valid for those who clear the newly proposed ‘Indian Medical Graduate Exam’ and the final MBBS/exit exam. 

Source: www.financialexpress.com, March 30, 2011. “Medical Council plans to scrap PG exam”

Women's share in Indian manufacturing sector stagnant at 10.9% as per UNIDO

Share of women in the total employment in the Indian manufacturing sector remained stagnant at 10.9 per cent between 2000 and 2007, according to UNIDO Report. The apparel sector, which employed more women than men in 2000, witnessed a sharp decline even though the share of female workers in the sector remained vibrant at 41 per cent in 2007. 

Source: www.financialexpress.com, March 29, 2011. “Women's share in Indian manufacturing sect unaltered: UNIDO”

IIM-I to open study centre in UAE in partnership with a private Co.

Indian Institute of Management, Indore (IIM-I) is planning to open a Study Centre in United Arab Emirates (UAE) at Ras Al Khaimah near Dubai in partnership with a private company which would provide logistic support and also help in administration and marketing adding that the academic control, however, would rest with IIM-I. 

Source: www.financialexpress.com, March 27, 2011. “IIM-Indore to open study centre in UAE”

India Inc reintroduces retention bonuses to check attrition

Indian corporates are increasingly using retention bonuses as a tool in the war for talent and the number of employees enjoying the perk has shot up three times in the last three months. 

Source: www.economictimes.com, March 26, 2011. “War for talent: India Inc brings back retention bonuses to check attrition”

NSDC estimates 3.2 million workforce requirement by the Electronics & IT sector by 2022

The National Skill Development Corporation (NSDC) has estimated that the electronics and IT hardware industry will require an additional 3-3.2 million skilled employees till 2022 and 70% of them will be absorbed into manufacturing and servicing support. NSDC had engaged IMaCS (ICRA Management Consulting Services) for the study.

Source: www.economictimes.com, March 25, 2011. “Electronics, IT sector to need 3.2 million workforce by 2022: NSDC”

IT majors on hiring overdrive

The hiring numbers of IT majors leave nothing to doubt about how far the companies have left behind the recession. From the quarter ended March 31, 2010 to the one ended December 31, 2010, the top 5 IT majors in India--Tata Consultancy Services (TCS), Cognizant , Infosys , Wipro and HCL Technologies.-together clocked a staggering figure of 1,14,038 net additions in terms of headcount. 

Source: www.economictimes.com, March 25, 2011. “TCS, Cognizant, Infosys, Wipro and HCL Technologies on hiring overdrive”

IIT status to 8 new institutes and BHU approved under Lok Sabha bill

The Lok Sabha today passed a bill to provide status of IIT to eight new institutes and upgrade BHU's institute of technology into IIT with government asserting that steps were being taken to address shortage of faculty and quality of higher education.

Source: www.financialexpress.com, March 24, 2011. “Lok Sabha passes bill to provide IIT status to 8 institutes, BHU”

Small and medium companies scout IIMs for hiring, to raise their talent bar

The number of small and medium companies visiting Indian Institutes of Management (IIMs) has increased this year by 14-16% as compared to last year, pointing to the raising aspirations to enhance their talent quality. 

Source: www.financialexpress.com, March 24, 2011. “Small companies up talent bar, scout IIMs for hiring”

14,000 vacancies announced in govt schools under Delhi budget

In keeping with the children-friendly Budget, Chief Minister Sheila Dikshit announced 14,000 vacancies for the teaching staff in government schools — the largest job opening in government sector in a long time. The move is aimed at complementing Delhi government’s efforts towards increasing infrastructure for implementation of the Right to Education Act. 

Source: www.financialexpress.com, March 23, 2011. “Delhi Budget: 14,000 jobs in govt schools”

Irish company picks 3 'partners' from IIM-A

Ireland-headquartered engineering company Ingersoll Rand (IR) has hired three students from the Indian Institute of Management , Ahmedabad (IIM-A) as 'Entrepreneur Partners' for a period of two years. With this experiment, IR plans to mentor the students and help them turn independent entrepreneurs who partner with the company to expand business at the end of two years. 

Source: www.economictimes.com, March 23, 2011. “Irish company picks 3 'partners' from IIM-A”

Govt gives approval for 6% hike in DA

In a bid to provide relief from high inflation, the government increased dearness allowance (DA) by 6 per cent to 51 per cent, benefiting over 50 lakh central government employees and 38 lakh pensioners. "The decision to hike DA was taken by the Union Cabinet at its meeting here," a Union minister said.

Source: www.financialexpress.com, March 22, 2011. “Govt approves 6 pct hike in DA”

321 posts of specialist doctors created by the J&K government

Jammu and Kashmir government on Tuesday said that provisions have been made for 321 posts of specialist doctors to provide better medical facilities to people of the state.

Source: www.financialexpress.com, March 22, 2011. “J-K Govt creates 321 posts of specialist doctors”

State cabinet approves the draft of 'Rajasthan Right of Children to Free and Compulsory Education'

The draft of 'Rajasthan Right of Children to Free and Compulsory Education Rules 2011' (RTE Rules 2011), meant for implementation of the Centre's Right of Children to Free and Compulsory Education Act 2009, was today approved by the State Cabinet.

Source: www.financialexpress.com, March 22, 2011. "Rajasthan Cabinet OK's draft of 'Rajasthan Right of Children to Free and Compulsory Education'"

Additional marks for rural candidates for direct recruitment: Punjab govt.

The Punjab government decided to give additional five marks to rural candidates for direct recruitment in all its departments, corporations and boards.

Source: www.financialexpress.com, March 22, 2011. “Additional marks for rural candidates in recruitment”

Robust hiring seen across all sectors & levels of job markets in India

Barely 10 days before the new financial year begins, the job market in India is at its post-slowdown best. Hiring is robust across all sectors and all levels, according to talent acquisition firms and human resource heads. This round of hiring is more widespread than in the past couple of years, with all industries beginning to rebuild their muscles to prepare for the more optimistic growth projections. 

Source: www.economictimes.com, March 22, 2011. “Job Street in India: Robust hiring seen across all sectors & levels”

Centre to increase DA to 51% for employees

The Centre is likely to increase dearness allowance (DA) on Tuesday by 6 per cent to 51 per cent, benefiting over 50 lakh employees and 38 lakh pensioners. The decision to hike DA is likely to be taken by the Union Cabinet at its meeting, sources said. The new DA, which will be effective from January 1, is provided to government staff and pensioners to compensate them for rising prices. 

Source: www.financialexpress.com, March 21, 2011. “Govt may hike DA by 6% for employees”

Companies hike salaries by 40 per cent: Experts

With day-to-day living turning costlier, companies have raised salaries to as high as 40 per cent especially at the junior levels, say experts. In recent times, inflation has been at high levels due to soaring prices of essential commodities. 

Source: www.economictimes.com, March 21, 2011. “Solace from inflation: Companies hike salaries by 40 per cent”

Students in Haryana to get disaster awareness lessons

Acting on the time-tested premise that it is not the hazards that kill, but ill-preparedness and lack of awareness that convert a hazard into a disaster, the Haryana state secondary education department has scripted a disaster awareness-cum-preparedness plan for students of secondary schools. Each school in the state will now have a disaster management club. 

Source: www.financialexpress.com, March 18, 2011. “Disaster lessons for Haryana students”

Goa announces dole for unemployed

Goa on Thursday became the first state in the country to announce a dole for the unemployed. The monthly dole will be applicable only to unemployed under-graduates, who have been registered with the state employment exchange, and will be provided for a three year period. 

Source: www.economictimes.com, March 18, 2011. "Goa becomes first state to announce dole for jobless youth"

Increasing number of Indian companies offering flexi work conditions

Four-fifth of the companies in India and 81 per cent of firms globally offer their staff flexible working conditions, related to office hours or location, says a recent study by Regus, a workplace solutions provider. To contain costs and boost profitability, companies are increasingly following flexible working patterns that gives top priority to an employee's choice of shift timings as well as place of work.

Source: www.financialexpress.com, March 17, 2011. "Four-fifth of India Inc offers flexi work"

Hiring in mining industry to rise by 25%

Entry of new companies and a strong growth pattern in the mining industry have led to a sharp rise in total recruitments in the sector. While most of the recruitments are mainly to take care of expansion programmes by companies such as SAIL , Tata Steel , Essar group and others, the need to own and manage mines to securitise cost structures, is a leading cause for the hiring spree that will rise by 25% in five years, say executives.

Source: www.economictimes.com, March 17, 2011. “Mining sector on hiring spree”

Exclusive job fair for women in Chennai

An exclusive job fair for women will be held in the city on March 19. The fair is being organised by The Hindu, in association with Accenture and Sutherland, a press release said, adding AVTAR I-WIN would be the fair's knowledge partner.

Source: www.financialexpress.com, March 16, 2011. “Job fair for women on March 19 in Chennai”

Courts to recruit MBAs as court managers

With an aim to enhance a judge’s efficiency and reduce the mounting backlog of cases, the government has decided to appoint professionally qualified ‘court managers’. These managers — who will assist and support judges — will be management graduates and will be appointed at both subordinate courts and high courts.

Source: www.financialexpress.com, March 16, 2011. “MBA graduates to be roped in as court managers”

Indian workers in UAE to get 40-50 per cent higher minimum wages

Skilled and unskilled Indian workers in the UAE will now be guaranteed a minimum wage around 40-50 per cent higher than the present levels, India's ambassador to the UAE has confirmed. While the previous minimum wage level, fixed several years ago, ranged from around Rs 7,400 to Rs 12,450 (600-1,000 dirhams), the new increased level will be from around Rs 11,833 to Rs 17,250 (950-1,400 dirhams).

Source: www.economictimes.com, March 16, 2011.“Minimum wages hiked for Indian workers in UAE”

26,576 unemployed youths registered with employment exchange get jobs till December 2010

In reply to a question in the Vidhan Sabha, Parliamentary Affairs Minister Prakash Pant said the government has provided jobs to 26,576 persons through the employment exchange, out of the total of 565 lakh unemployed youths, till December last year. From the year 2003 to 2010, a total of 9,546 youths were given jobs in various industries through the employment exchange, he said.

Source: www.financialexpress.com, March 15, 2011.“5.65 lakh registered with employment exchange, 26,576 get jobs”

Cos take care of the chores, make working easier

Companies like Bharti Airtel, Accenture, etc. are providing facilities like day-care, bill payments, ticket booking, bank work, hiring maids, drivers and other such facilities to their employees to help ease their life. 

Source: www.economictimes.com, March 15, 2011. “Cos take care of the chores, make working easier”

IBM extends tie-up with universities

The global move to foster innovation has found many takers and IT major IBM is no different. Its global university relations programme came to India a few years ago, but in the past 18 months, the company has taken it to a new level altogether.  The program offers global, remote mentoring, where students get mentored by someone from IBM's worldwide corpus of managers. 

Source: www.economictimes.com, March 15, 2011. “IBM extends tie-up with universities”

Now, no interviews in national talent search

Under pressure from a stream of Right to Information applications, the National Council for Education Research & Training (NCERT) has decided to drop the interview format from the National Talent Search Scheme from this year. The decision was taken at a recent executive committee meeting. 

Source: www.financialexpress.com, March 14, 2011. “Now, no interviews in national talent search”

Health Ministry seeks Cabinet nod for super medical body

Already engaged in a turf war over medical education, the Union Health Ministry has decided to seek Cabinet clearance for the proposed National Commission for Human Resources for Health (NCHRH) Bill, 2011 without waiting for the Human Resources Development Ministry’s comments. The Bill aims at creating a super medical authority by scrapping all other regulatory bodies.

Source: www.financialexpress.com, March 14, 2011. “Health Ministry seeks Cabinet nod for super medical body”

Campus hirings in B-schools and graduate colleges on a rise

After a year and half of gloom in the employment market due to the slowdown, as a result of the impact of recession in other parts of the globe, campus hiring in both business schools and graduate colleges have picked up over the last one year. Recruiters from sectors such as IT/ITeS, Banking, Financial Services & Insurance and fast moving consumer goods are topping the charts in campus hiring.

Source: www.financialexpress.com, March 14, 2011. “We recruited 1,600 fresh graduates in 2010”

PSU staff spending increased by 15.6%

Public Sector undertakings’ (PSUs) staff spend increased by 15.6% during April-December 2010. This is revealed in a study of 53 PSUs (central and states, but excluding banks and NBFCs) for the periods, April-Dec 2010 and April-Dec 2009. Among the PSUs, the highest increase in staff cost was seen at Gujarat State Petronet, where it rose 105.7% during April-Dec ’10 from a negative 15.7% during April-Dec.

Source: www.financialexpress.com, March 14, 2011. “Rising trend in staff spend”

2.25 lakh to be recruited by the Indian IT industry

The Indian IT industry will add over 2.25 lakh employees in 2011 and will clock revenues of USD 71.7 billion by the end of the year, consulting firm Deloitte has said. The Deloitte prediction follows a spate of announcements by IT majors like Infosys and TCS, among others, of stepping up recruitment in the current season as the global economy is going into a recovery mode.

Source: www.financialexpress.com, March 13, 2011. “Indian IT industry to hire 2.25 lakh”

IIM’s 2011 placement closes with higher pay offers 

Final placements are over at most of the IIMs, bringing relief to scores of students some of who went through a month-long process to get job offers. The number of offers has gone up from last year with an increase in average salary. Institute says that it's the overall buoyancy in the Indian economic scenario that has pushed up the number of offers this year. 

Source: www.economictimes.com, March 12, 2011. “IIM placements end with fatter pay cheques this year”

HP pledges $1 mn for education programme in India

IT major Hewlett-Packard (HP) today announced that it has donated USD 1 million in support of a new Education Innovation Challenge Fund (EICF) led by a consortium of education organisations in India. With an aim to motivate institutions and students to think out-of-the-box for solutions and ideas that are both collaborative and creative in furthering STEM education in India. 

Source: www.financialexpress.com, March 11, 2011. “HP pledges $1 mn for education programme in India”

Real income of Indian salary-earners fall for the 1st time in 5 years 

Real income of an average Indian salary-earner declined for the first time in last five years during fiscal ended March’10 and high retail prices chipped away gains from increments in 2010, threatening future consumption growth, says an ETIG (ET Intelligence Group ) study.

Source: www.economictimes.com, March 11, 2011. “Real income of salaried falls first time in five years”

Azim Premji University to start its courses from July 2011

The Azim Premji University, which can potentially create education experts and people who can design education policy for systemic reforms in the sector, will kick off from July 2011. The university will commence three post-graduate programmes in education, development and teacher education. 

Source: www.financialexpress.com, March 10, 2011. “Azim Premji University courses to start from July”

17,000 personnel to be recruited by CISF in 2011

The Central Industrial Security Force will recruit 17,000 personnel this year to meet our requirements in guarding airports, aerospace and nuclear installations and projects like the Delhi Metro," CISF Director General N R Das said during the forces' 42nd raising day. The CISF has about 1.28 lakh personnel presently and is guarding 58 airports and 300 other units.

Source: www.financialexpress.com, March 10, 2011. “CISF to recruit 17,000 personnel in 2011”

FICCI to implement Self-regulatory mechanism in PGDM course colleges

Fearing that education institutions would be "crippled" due to restrictions imposed by a recent AICTE notification for post-graduate diploma in management courses, The Federation of Indian Chambers of Commerce and Industry (FICCI) today said it will come up with self-regulatory mechanism for such colleges. Director General of FICCI, while addressing the media, added that, "We will prepare a set of self-regulatory guidelines for colleges running PGDM courses". 

Source: www.economictimes.com, March 10, 2011. “Self-regulatory mechanism soon for PGDM course colleges: FICCI”

Orissa govt plans a mega job fair in Maoist-hit districts

"A Mega Job Fair has been planned in left-wing extremism affected districts like Malkangiri, Koraput and Nabrangpur on March 12 and 13," said director of state employment mission A K Padhee. This was part of the employment mission's drive to accommodate more youths from Orissa in para-military forces, sources said adding 2451 vacancies now existed in central para-military forces (CPMF) for the state youths. 

Source: www.economictimes.com, March 10, 2011. “Orissa plans mega job fair in Maoist-hit districts”

Rural India in need of 16,000 doctors which includes 12,000 specialists

Latest government data reveals that rural India is short of over 16,000 doctors, including 12,000 specialists. As many as 12,263 specialists are needed in community health centres (CHCs) and 3,789 doctors in primary health centres (PHCs), health ministry statistics for 2009 show. The shortage is particularly acute in villages of Uttar Pradesh and Madhya Pradesh. 

Source: www.economictimes.com, March 9, 2011. “Rural India is short of 16,000 doctors”

Poor results of MNREGA in Ghaziabad: Officials to hold a survey

In an effort to make the Mahatma Gandhi Rural Employment Guarantee Act (MNREGA) a success, the Ghaziabad administration has decided to conduct surveys aimed at studying what ails it. Officials have confessed that the scheme has scored poorly in many districts, including Ghaziabad. 

Source: www.financialexpress.com, March 9, 2011. “Job guarantee hits roadblock in Ghaziabad, officials to hold survey”

Free local train travel for school, college going girls

In a Women's Day gift, Railway Minister Mamata Banerjee announced free monthly seasonal tickets -- for local travel -- to girls till their college level education. "All girls up to college level will get free monthly seasonal tickets," she said in the Rajya Sabha, winding up a discussion on the Rail Budget 2011-12. Besides, the minister announced setting up vocational training centres for girls. 

Source: www.financialexpress.com, March 8, 2011. “Free local train travel for school, college going girls” 

Companies Bill proposal to ensure one reserved seat for women candidates on company boards

The government would make the presence of women directors in a board mandatory by including a provision in the proposed Companies Bill, Corporate Affairs Minister Murli Deora said today. The announcement, which coincides with the International Women’s Day, was expected to provide fair representation to women entrepreneurs, the ministry said in a statement.

Source: www.businessstandard.com, March 9, 2011. “Women to get one reserved seat on company boards”

Companies offer special schemes to lure Indian women

Companies like Infosys, Google etc. offers schemes like extended maternity leave, taxis on hire and enhanced training to its female employees to help them in maintaining a work-life balance. Initiatives like these have helped Infosys to boost the percentage of female workers returning after childbirth to about 88 percent from about a third in 2006.

Source: www.economictimes.com, March 9, 2011. “Google, Infosys fight 'daughterly guilt' to lure Indian women”

Average increase in staff pay packets may go up to 13% as hiring jumps

In the coming year, Indian companies plan to shower their staff with an average salary increase of just under 13%. That’s higher than the actual hike of 11.7% in 2010 and 6.6% in 2009, reveals an annual salary survey done by Aon Hewit , a global HR consultancy group.

Source: www.economictimes.com, March 9, 2011. “Staff pay packet may go up 13% this year as hiring jumps”

Aggressive hiring plans in Indian companies over next 3 months: Survey

Reflecting the bullish employment market, companies in India plan to recruit new personnel at a hectic pace over the next three months, with the manufacturing industry expected to offer the strongest hiring prospects, says a survey. As per the survey by Manpower's Employment Outlook Employers (in India) from manufacturing, finance, insurance, real estate, public administration and education and wholesale and retail trade report strongest hiring plans to date.

Source: www.economictimes.com, March 8, 2011. “Indian companies plan aggressive hiring over next 3 months: Survey”

Female independent directors don’t exist in 70% company boards in Asia-Pacific countries

More than 70% of company boards in five Asia-Pacific countries, namely, Hong Kong, India, Malaysia, New Zealand and Singapore, do not have female independent directors, a study released by Korn\Ferry International, a global talent management solutions provider, on the eve of the International Women's Day said. 

Source: www.economictimes.com, March 8, 2011. "No female independent directors in 70% boards"

Attrition rate in broking companies touches 40%

Middle- and junior-level staff at stock broking firms are switching jobs at the highest rate in more than four years as stiff targets and poor payment structure make financial services less desirable. The rate of attrition among entry-level stock broking firm employees has touched 40%. 

Source: www.economictimes.com, March 8, 2011. “Attrition rate hits a record in broking companies”

Private sector Industrial Training Institutes (ITIs) in Rajasthan under government scanner

The Rajasthan government has asked the Center to cancel affiliation of two private sector Industrial Training Institutes in the state following "grave irregularities" in these institutions. "A central government team will conduct inspections in 27 private ITIs after a few days and appropriate action will also be taken after the inspection," an official said.

Source: www.financialexpress.com, March 7, 2011. “Action against private sector Industrial Training Institutes (ITIs)”

Single common test for medical courses: SC

The Supreme Court on Monday directed the central government to hold a single eligibility-cum-entrance examination for MBBS and post-graduate medical courses in the country from this academic session. A Bench of justices R V Raveendran and A K Patnaik passed the order, saying that it will also be applicable for the private medical colleges in the country. 

Source: www.financialexpress.com, March 7, 2011. “SC orders Centre to hold single common test for medical courses”

100% placement at IIM, Lucknow

Final placements at IIM, Lucknow concluded on a high note with a total of 528 offers being made for a batch of 366. This is the largest graduating batch to be placed across all IIMs, till date which includes 70 pre-placement offers, 213 lateral offers for higher entry placement and 245 offers during the final placement week.

Source: www.financialexpress.com, March 7, 2011. “IIM, Lucknow achieves 100% placement for the batch of 2009-2011”

Biocon plans academy to check staff crunch

Biopharma major Biocon is planning to set up an academic institution called Biocon Academy next fiscal, in an attempt to resolve the acute human resource crunch in the industry, caused by poor standards of biotechnology education. “We are talking to the IITs, Amrita Institute, and all leading names and we will try to set this academy up by next fiscal,” Biocon chairman and managing director, Kiran Mazumdar-Shaw told FE.

Source: www.financialexpress.com, March 7, 2011. “Biocon plans academy to check staff crunch”

Pay hike in 2007 to be in the range of 13-15 %: Experts

According to human resource (HR) consulting firm Mercer, the salary increase for employees of India Inc in 2011-12 is projected at around 10-12 percent on an average across industries. “For a majority of years, the actual increase has been higher than the projection. I expect the same for this year,” says Nishchae Suri, managing director, Mercer India. Suri expects the pay hike to be in the range of 13-15 percent, thanks to a healthier economic growth; last year it was 11 percent.

Source: www.economictimes.com, March 6, 2011. “Salary hike to touch 2007 levels this year: Experts”

Performance Based Pay Structure for PSU Bank Staff

The government is working on declaring performance linked incentives for public sector bank (PSU) employees. The scheme will be applicable on around 9 lakh public sector bank employees  and will help to pay off rewards to good performers for their contribution to the organization. This scheme was earlier discussed at the time of the last wage negotiation and is revived by an expert committee. Unions are not in favour of this variable pay scheme to be implemented, for which government is of the opinion that this can be over and above the 17.5% increase that has been agreed upon. With the scheme implemented for all banks from next financial year, banks will earmark 1% of their net profit for the payment of incentives to performing staff. Earlier for all public sector bank chiefs and EDs bonus amount was same irrespective of their performance.

Source: timesofindia.indiatimes.com, March 5, 2011. “Performance sops for PSU bank staff”

Rangarajan panel recommends Pvt sector initiatives to enhance job skills in J&K

An expert group set up to formulate a job plan for Jammu and Kashmir has recommended that the government encourage sectors that have large employment potential and improve the skill set of youth to make them employable. In its observations the expert group, headed by chairman Prime Minister Economic Advisory Council, C Rangarajan, noted that problem of skill gap is sharper in J&K due to the lack of private sector initiative in industry.

Source: www.economictimes.com, March 5, 2011. “Identify pvt partners for colleges to enhance job skills in J&K: Panel”

NTPC to recruit 10,000 engineers for next 10 years

The country's largest power producer NTPC will hire 10,000 engineers in the next ten years as part of massive expansion plans. The company also aims to improve its Man-to-MW ratio – an indicator of the work force's efficiency – to as much as 0.50, which would be the best achieved so far globally, by the end of the 12th Five-Year Plan (2012-17).

Source: www.financialexpress.com, March 4, 2011. “NTPC to hire 10,000 engineers”

TalentSprint enters partnership with NSDC to help make Engineering students become employable

Soft skills trainer TalentSprint today entered into a partnership with National Skill Development Corporation (NSDC) to help make engineering students become employable. Through the partnership TalentSprint would receive Rs. 10 crore as a loan to set up 15 urban centres and 13 remote centres, to train the students passing out of engineering colleges, while NSDC would take a six per cent stake in TalentSprint, he said.

Source: www.financialexpress.com, March 4, 2011. “TalentSprint joins hands with NSDC to make students employable”

University teachers in Bihar to get 6th Pay Commission scale

Bihar government has decided in principle to give university teachers a revised pay scale on the basis of Sixth Pay Commission report, HRD Minister P.K. Shahi said today.

Source: www.financialexpress.com, March 4, 2011. “Bihar university teachers' get 6th Pay Commission scale”

Day zero of IIM-C placements saw 230 plus offers

The first day of the final placement at the Indian Institute of Management Calcutta (IIM-C) passed off smoothly on Thursday with 230 plus offers already in hand, including pre-placement offers and the laterals process. BCG, Bain & Co and AT Kearney recruited in large numbers as well whereas Japanese investment bank Daiwa Securities and a global consulting firm, Essex Lake group gave exclusive offers to IIM-C.

Source: www.financialexpress.com, March 4, 2011. “IIM-C begins final placement with 230 plus offers”

Upto 40% of the basic pay to be performance-based incentive for Central govt officials

In line with that of the corporate sector, Central Government officials including IAS, IPS and other ranks will be getting performance-based incentives from the next financial year, a top bureaucrat said today. According to Prajapati Trivedi, secretary, department of performance management, Government of India, the incentive for secretary level officials could go as high as 40 per cent of the basic pay.

Source: www.economictimes.com, March 4, 2011. “Central govt officials to get performance-based incentives”

45,000 Indian workers to be recruited by Malaysian government

Malaysian government has decided that 45,000 Indian workers would be recruited in a bid to overcome shortfall of employees in various businesses in this country, Human Resources Minister S Subramanian said on Thursday. "Implementation of this decision (of Cabinet last week to allow 45,000 Indian workers) will be made via a process determined by the Human Resources Ministry and Home Ministry," he said in a statement carried by the national news agency 'Bernama'.

Source: www.financialexpress.com, March 3, 2011. “Malaysia to hire 45,000 Indian workers”

Rajasthan government to complete recruitment of 72,000 teachers July

Speaking at a function in Alwar district, Primary education Minister Master Bhanwar Lal Meghwal said, "We expect to complete the recruitment process to appoint 60,000 grade III and 9,000 grade II teachers and 3,200 others before the beginning of next session in July". He also added that the government was making several efforts to improve the status of education in the state.

Source: www.financialexpress.com, March 3, 2011. “72,000 teachers recruitment to be completed by July”

Panel to roll out plan for job based training for Kashmiri youths

An expert group headed by former Reserve Bank of India governor C. Rangarajan on Thursday rolled out a job plan for the youth of Jammu and Kashmir, envisaging training of up to 100,000 of them to get jobs in the next five years. The highlights of the plan are skill development, direct employment initiatives, improving skill sets through access to education and focused placement-linked, market-driven skilled training.

Source: www.economictimes.com, March 3, 2011. “Rangrajan panel rolls out job plan for Kashmiri youth”

IIM Lucknow’s lateral placements see participation from 75 companies

IIM Lucknow has wrapped up its higher entry placement process (HEPP) with participation from over 75 firms offering roles across a variety of domains, including consulting, corporate finance, IT and sales and merchandising. Companies participating in the lateral placements included Adani Group, Deloitte, Goldman Sachs, ICICI bank, L&T, Amazon, Google and other several known industry players.

Source: www.economictimes.com, March 3, 2011. “75 companies take part in IIM-L lateral placements”

Indian medical students offered scholarship by Taipei Medical University

With an aim of enhancing academic cooperation with India, Taiwan has decided to offer 10 full scholarships of medical-related courses for Indian students at the prestigious Taipei Medical University. The scholarships are being offered by the Taiwanese Government for Indian students to pursue medical-related Master or PhD degree programme starting from the academic year September 2011.

Source: www.financialexpress.com, March 2, 2011. “Taiwan offers scholarship to Indian medical students”

Vocational curriculum framework to be in place in May: HRD

India will have its vocational curriculum framework in place by May this year that would enable millions of students to take up a job even if they are not able to continue higher studies, HRD Minister Kapil Sibal said today. "We are in the process of bringing vocational education into the school system. Vocational courses like music, automobile engineering, tourism, hospitality and paramedical will be available for students," HRD Minister Kapil Sibal said.

Source: www.financialexpress.com, March 1, 2011. “Can’t continue studies? Get job!”

Only 33% job reservations for women in Haryana

Members in the Rajya Sabha expressed anguish over a Haryana Government notification which blocked 67 per cent state jobs for men, leaving women with only one-third of the job share in the name of reservation for women. The issue was raised by Brinda Karat (CPI-M) who said the state government has done reservation in reverse.

Source: www.financialexpress.com, March 1, 2011. “Haryana reserves jobs for women, men get 67%!”

College teachers in J&K, taking private tuitions, to face strict action

Jammu and Kashmir government today warned strict action against college teachers taking private tuitions, in view of the blanket ban on such practice in the state. According to government estimates, there are 72 private coaching centres in Kashmir valley where nearly 30,000 students are enrolled each year.

Source: www.financialexpress.com, March 1, 2011. “J&K warns college teachers taking private tuitions”

 

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