SENSEX
NIFTY
GOLD
USD/INR

Weather

image 17    C

Economy / The Times of India

America at a crossroads: Why AI cannot replace H-1B immigrants powering US economy

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

14 Jan 2025 9:23 pm
US faces education crisis: 650,000 fewer 18-year-olds by 2039, threatening college enrollment and economy

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.

9 Jan 2025 9:00 pm
Delhi Consumer Commission orders real estate firm to refund Rs 2.43 crore for delayed flat possession

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.

8 Jan 2025 2:35 pm
Kerala govt launches 'Knowledge Economy Mission' initiative: Aims to train 30 lakh individuals and create 20 lakh jobs by 2026

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.

7 Jan 2025 2:12 pm
Homebuyers body seeks targeted guidelines against misleading ads by real estate players

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.

30 Dec 2024 11:59 pm
Gig economy led to precarious employment arrangement: Supreme Court

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.

21 Dec 2024 9:16 am
Politics of hate, violence, anger behind crashing economy: Rahul Gandhi

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.

10 Nov 2024 12:20 am
Uttarakhands economy soars: GSDP rises 24 times, per capita income up 17 times in 24 years

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.

8 Nov 2024 9:45 am