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ILO flags risk of excessive heat to 2.4 billion workers globally; Outdoor workers in countries like India at high risk
Down to Earth - Out of a global workforce of 3.4 billion, over 2.4 billion workers are likely to be exposed to excessive heat at some point during their work. Read more
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Main Observations of India Employment Report 2024 by ILO
July 16 WHAT? The India Employment Report 2024, jointly published by the International Labour Organisation (ILO) and the Institute for Human Development (IHD) in March 2024, examines youth employment challenges in India over the past two decades (2000–2022), with a postscript for 2023. It draws on data from National Sample Surveys (NSS), Periodic Labour Force Surveys (PLFS), Annual Survey of Industries, National Account Statistics, and RBI-KLEMS database, focusing on employment, education, and skills in the context of...
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What is the Employment Linked Incentive (ELI) scheme?
July 04 WHAT? The Employment Linked Incentive (ELI) Scheme is a significant government initiative in India, announced in the Union Budget 2024-25, aimed at boosting formal job creation, enhancing employability, and expanding social security. Approved by the Union Cabinet on July 1, 2025, the scheme is part of a broader ₹2 lakh crore package targeting 4.1 crore youth over five years. With a specific outlay of ₹99,446 crore, it seeks to generate over 3.5 crore jobs, focusing on first-time employees and the manufacturing...
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Work demand under MGNREGA job scheme increased by 4.2% in May, shows data
June 02 SUMMARY In May 2025, the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA) witnessed a 4.2% increase in work demand compared to the same month in the previous financial year. Approximately 28.32 million rural households sought employment under the scheme during this period. This surge aligns with historical trends, as May typically sees heightened demand for MGNREGA work due to the lean agricultural season, when traditional farming activities wane. Notably, the May 2025 figures represent one...
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Adani Wilmar Q4 results: Net profit rises 67% YoY to ₹157 crore, revenue down 3%
May 01 Mint - The Adani Group company reported a 67% year-on-year (YoY) surge in its net profit for the March quarter (Q4 FY24), rising to ₹157 crore from ₹94 crore last year same period. Read more
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Elon Musk meets Chinese Premier Li Qiang after skipping India visit
April 28 Mint - On Sunday, Tesla CEO Elon Musk posted a picture with Qiang and said, “We have known each other now for many years, since early Shanghai days.” Read more
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Uday Kotak loses ₹10,225 crore in a day as Kotak Mahindra Bank share price tanks 11%
April 25 Mint - As market cap fell making shareholders poorer by ₹39,768.36 crore, Uday Kotak holding a 29.71 per cent stake also lost ₹10,225 crore in a day. Read more
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RBI tells Kotak Mahindra Bank to stop issuing new credit cards
April 24 Business Standard - The Reserve Bank of India has asked private sector lender Kotak Mahindra Bank not to issue new credit cards and barred new customer onboarding through the bank’s online and mobile banking channels. Read More
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Reliance Industries Posts Rs 21,243-Crore Q4 Profit, Beats Estimates
April 22 News18 - Reliance Industries Ltd (RIL) said net profit rose 0.1 percent to Rs 21,243 crore for the fiscal fourth quarter, beating analyst estimates, driven by a recovery in its core oil-to-chemicals (O2C) business. Read more
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Samsung Galaxy S22 receives a massive price cut, now available at a price of ₹36,999 on Flipkart. Should you buy?
April 22 Mint - Samsung Galaxy S22 receives a massive discount on Flipkart, now priced at ₹36,999. It features OneUI 6.0, IP68 protection, and 4K selfie camera. The device runs on Snapdragon 8 Gen 1 processor and promises 4 generations of Android OS upgrades. Read more
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Chaos in Dubai as UAE records heaviest rainfall in 75 years
April 18 CNN - Chaos ensued in the United Arab Emirates after the country witnessed the heaviest rainfall in 75 years, with some areas recording more than 250 mm (around 10 inches) of precipitation in fewer than 24 hours, the state’s media office said in a statement Wednesday. Read more
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