Plan and Policy

Plan & Policy

Hiring sentiments likely to decline in Oct-March

Despite the continued, significant, growth in GDP the job market for the forthcoming half year sees slight drop in hiring sentiment, according to staffing company TeamLease Services.

Job growth sentiments for the period October-March 2018-19 are expected to decrease by 3 per cent points compared to the preceding half-year (April– Sept 2018).

Forget Kashmir, we can’t handle our own provinces: Afridi to Imran

Former Pakistan cricketer Shahid Afridi has a word of advice for his country’s newly elected Prime Minister Imran Khan on the Kashmir dispute, which has been ailing Islamabad and New Delhi for decades. Addressing at a press meet in London, Afridi said Pakistan should not be demanding Kashmir. “Pakistan doesn’t need Kashmir; it is not able to even handle the four provinces it has,” Afridi said.

Gautam Singhania steps down as Raymond Apparel chairman

Gautam Singhania has stepped down from the position of Chairman of Raymond Apparel, a wholly-owned subsidiary of Raymond. He will, however, continue to be on the board of Raymond Apparel.

Nirvik Singh will take charge as the non-Executive Chairman in his place. Anshu Sarin has also joined the board as a non-executive director along with Gautam Trivedi who has joined as an independent director.

Help MSMEs prosper to boost growth: CII

With MSMEs facing serious financial stress due to delayed decisions by banks on granting access to credit, additional collateral requirements, demand for personal guarantees, additional charges and conditionalities on bank guarantees as well as delayed payments and higher interest rates, CII has suggested several short-term measures to RBI and the government to resolve the crisis.

Infosys to hire 500 American techies in Texas

Tech major Infosys will hire 500 American workers in Texas where the company is setting up a Technology and Innovation Hub, a specialised facility for telecommunications, retail and banking sectors.

Infosys in May 2017 said it would hire 10,000 American workers by 2019 and the company has already hired over 6,200 of them since it made this people announcement.

Modi’s authority to ink Rafale deal questioned at SC hearing

Charges and counter charges flew thick and fast during the high-voltage hearing in the Supreme Court on Wednesday on the pleas seeking a court-monitored probe into the Rafale deal. The proceedings saw trading of charges between the Centre and the petitioners, who questioned the authority of prime minister Narendra Modi in inking the pact with France to import Rafale fighter jets.

DoT explores single telecom fee, to define AGR to cut disputes

The department of telecom (DoT) will soon start consultations with law and finance ministries on subsuming layers of levies into one composite charge like GST. The move could result in reduction of telcos’ taxation burden and future litigations.

RBI, govt to accommodate each other by Nov 19 meet

The finance ministry and the Reserve Bank of India (RBI) are burning midnight oil to defuse worsening tensions that has threatened to unnerve investors, ease the credit pressure on MSMEs and liquidity squeeze in NBFCs and reach a mutually agreeable solution over PCA-scarred banks.

IHH assumes control of Fortis, board approves Rs 4,000cr preferential allotment

The board of Fortis Healthcare on November 13 approved a preferential allotment of 23,52,94,117 equity shares to Northern TK Venture, a wholly-owned subsidiary of IHH Healthcare, at Rs 170 per share of face value Rs 10.

With this preferential issue, Malaysia's IHH has, through NTK, infused Rs 4,000 crore of primary capital into the company. NTK has become the controlling shareholder in the company with 31.1 percent stake of the expanded capital.