Jobs

Jason Furman, former chairman of the White House Council of Economic Advisers, said on Twitter that it might take some time for the impact of the Omicron surge to show up in employment data, Xinhua news agency reported. In January, employment growth continued in leisure and hospitality, in professional and business services, in retail trade, and in transportation and warehousing, according to the report.

Presenting the Union Budget 2022-23, her fourth budget to date, she said that the PLI schemes have received tremendous response. The PLI scheme has the potential for additional production of Rs 30 lakh crore worth products during the next five years, she added. The PLI scheme covers key sectors like pharmaceuticals, medical devices, large-scale electronics manufacturing, food products, solar EV modules, automobiles/auto components, ACC battery, textile products etc.

Besides, focus on health, housing and physical infra is expected to continue with areas such as railways and residential projects gaining more traction. Furthermore, MSMEs in sectors such as tourism, auto ancillaries amongst others might benefit from an enhanced ECLGS programme. In the previous fiscal, total Capex outlay rose over 30 per cent on a YoY basis to Rs 5.54 lakh crore (Budget Estimate).

MSMEs in sectors such as tourism, auto ancillaries amongst others might benefit from an enhanced ECLGS program. In the previous fiscal, the total Capex outlay rose over 30 per cent on a YoY basis to Rs 5.54 lakh crore (Budget Estimate).

Consumer goods giant Unilever is set to announce thousands of worldwide job cuts this week, the BBC reported. The Marmite and Dove soap maker will slash the positions in more than 100 countries, with cuts in the "low thousands" planned, the BBC report cited a source as saying. It comes a week after the firm failed in its bid to buy the consumer health division of GlaxoSmithKline (GSK) for 50 billion pounds.

Some measures to support the rural economy, amid its weakening and the impending state elections, and any measures to revive the Residential Real Estate sector would be welcome.

"Inflation is too high and working people around the country are concerned about how far their paychecks will go," Fed Governor Lael Brainard said Thursday at a hearing before the Senate Banking Committee. "Our monetary policy is focused on getting inflation back down to 2 per cent while sustaining a recovery that includes everyone. This is our most important task," said Brainard, President Joe Biden's nominee to serve as the central bank's Vice Chairman.

"In absolute terms, MSME loan accounts worth Rs 1.8 lakh crore were saved from slipping into NPA during the period," the report said."This is equivalent to 14 per cent of the outstanding MSME credit being saved from becoming NPA." In May 2020, the Centre launched the ECLGS scheme for the MSME sector to provide relief to the sector amidst the pandemic. Of the 13.5 lakh beneficiaries, over 93 per cent were those in micro and small segments, the report said.

The company has begun manufacturing multiple models of laptops, desktop towers, mini desktops at the Flex facility in Sriperumbudur near Chennai, Tamil Nadu. HP is also manufacturing display monitors in India. Some of these products qualify under public procurement order of the government and will be available on the Government e-Marketplace (GeM) portal to meet the demands of the government departments and other customers, according to the company.

The online talent platform said that the funds will be utilised towards enhanced investments on product development and marketing in India, SEA and Middle-East markets. Post the funding, Monster.com is now valued at $100 million. In 2018, Quess Corp acquired Monster.com's businesses in India, Singapore, Malaysia, Philippines, Hong Kong, Vietnam, Thailand, Indonesia, the UAE and Kingdom of Saudi Arabia.