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Andhra Pradesh has garnered investment pledges worth Rs 13,05,663 lakh crore with a potential to create 6,03,223 jobs during the two-day Global Investors Summit (GIS), said Chief Minister Y S Jagan Mohan Reddy on Saturday. Speaking at the valedictory ceremony, he said 352 agreements were signed in 20 sectors, out of which the energy sector stood out through 40 deals and pledges worth Rs 8.84 lakh crore with a job creation potential of 1.9 lakh, he said. "In the IT & ITES sector, 56 MoUs were signed, amounting to Rs 25,587 crore of investments and will generate employment for 1,04,442 people. In the tourism sector, 117 agreements have been inked for an investment to the tune of Rs 22,096 crore, that will create employment for 30,787 people, said Reddy. Further, he pointed out that the renewable energy sector was one of the sectors which drew significant investments and observed these would take renewable energy generation, pumped storage and production of green hydrogen and green ..
US job openings rose unexpectedly in September, suggesting that the American labour market is not cooling as fast as the inflation fighters at the Federal Reserve hoped. Employers posted 10.7 million job vacancies in September, up from 10.3 million in August, the Labour Department said on Tuesday. Economists had expected the number of job openings to drop below 10 million for the first time since June 2021. For the past two years, as the economy rebounded from 2020's COVID-19 recession, employers have complained they can't find enough workers. With so many jobs available, workers can afford to resign and seek employment that pays more or offers better perks or flexibility. So companies have been forced to raise wages to attract and keep staff. Higher pay has contributed to inflation that has hit 40-year highs in 2022. In another sign the labor market remains tight and employers unwilling to let workers go, layoffs dropped in September to 1.3 million, fewest since April. But the num
The findings by a central government study that over half of the women get married before attaining 21 years in Jharkhand and West Bengal also revealed that the scope for sustainable job opportunities for young women is limited, experts said. It is also clear from the findings that the benefits of government schemes are not reaching the desired section of the population, they said. However, some experts expressed doubts about the data authenticity given that the survey was conducted during the Covid pandemic. It was found in the study, the report of which was published late last month, that Jharkhand and West Bengal are the only two states in the country where more than half of the women are married before they are 21 years old. While 54.9 per cent of girls are married in West Bengal before attaining the age of 21 years, the figure for Jharkhand is 54.6 per cent as against the national average of 29.5 per cent. Women, particularly in rural areas, face a lot of problems. They do no