Economy / The Times of India
The U.S. faces escalating labor shortages, particularly in tech and manufacturing sectors, where a significant portion of the demand will need to be met by foreign-born workers, according to Oxford reports. Despite advancements in AI, human expertise remains essential, especially in specialized fields like AI, data analytics, and software project management. As the reliance on skilled immigrant workers grows, expanding the H-1B visa program may be crucial to maintaining the nations competitive e
The U.S. is facing a looming demographic shift with 650,000 fewer 18-year-olds expected by 2039, posing a significant threat to college enrollment and the economy. With a projected 15% decline in high school graduates, colleges are bracing for declining enrollment, financial strain, and an increased risk of closures. This decrease in young people will also exacerbate the labor shortage, leaving millions of jobs unfilled, particularly in sectors that require higher education.
The Delhi State Consumer Disputes Redressal Commission directed a real estate company to refund Rs 2.43 crore and additional compensation for failing to deliver possession of flat units after 11 years. The company was found liable for deficiency in service and providing false assurances.
The Kerala Knowledge Economy Mission (KKEM), an initiative by Kerala Development and Innovation Strategic Council (K-DISC), the Government of Kerala, has partnered with Coursera, a leading global online learning platform, to equip youth across the state with industry-relevant skills.
A pan-India home buyers organization has called on the consumer affairs department to establish guidelines for real estate advertising. It flagged that 34% of real estate ads examined by ASCI were misleading, with Maharashtra RERA's average penalty of Rs 14,000-15,000 insufficient to deter violators.
The Supreme Court slammed the misuse of temporary contracts. The court highlighted the exploitation of workers, especially in the gig economy. The court ordered reinstatement of sweepers who worked for two decades. The sweepers were employed by the Central Water Commission. The court ordered back wages for the sweepers. The court stressed fair employment practices for government organizations.
During his Jharkhand campaign trail, Rahul Gandhi criticized the Modi government for record inflation and unemployment, attributing it to divisive politics. He highlighted the INDIA bloc's initiatives in the state, including direct cash transfers and a health insurance scheme. Gandhi assured tribal communities of their rightful recognition and promised a caste census and removal of the 50% reservation cap if INDIA is voted to power.
Uttarakhand's economy has grown significantly in the 24 years since its formation. The state's GSDP has increased from Rs 14,501 crore to Rs 3,46,000 crore, driven largely by the tourism sector. Per capita income has also risen considerably, reaching Rs 2.60 lakh. Chief Minister Pushkar Singh Dhami attributed the state's progress to the collective efforts of the people and the leadership of Prime Minister Narendra Modi.