India must adapt to rapidly changing work landscape, says International Labour Organisation Director
Michiko Miyamoto of ILO spoke about the changing job market at a summit. She said AI impacts jobs, especially for women. She wants talks between companies, workers, and the government. Miyamoto noted the need to protect informal workers with social programs like e-Shram. She stressed skills training linked to industry needs.
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New Indian Express
25 minutes ago
- New Indian Express
Over 70 per cent of teachers use AI tools in classrooms: Survey
BENGALURU: As the National Education Policy (NEP) 2020 marks its fifth anniversary, a new nationwide survey by the Centre for Teacher Accreditation (CENTA) has found that more than 70% of Indian teachers are already using AI tools in classrooms, with lesson planning identified as the most common application. The survey, which covered over 5,000 educators from across India, revealed that AI adoption is especially high among teachers with more than three years of experience. Nearly 75% cases are reportedly active. While 67% of teachers rated their AI expertise at 6 or higher on a 10-point scale, only 57% could correctly identify a basic AI misconception, highlighting a gap between perceived and actual understanding. The findings underscore the need for structured training programmes. 'AI is rapidly becoming part of the modern classroom, but there remains a clear gap between adoption and genuine comfort among teachers,' said Ramya Venkataraman, founder and CEO of CENTA. The survey also captured concerns about AI from a wider group, including parents and students. About 84% of respondents voiced apprehensions—23% about AI's accuracy and 34% about job displacement in education. Participants came from diverse backgrounds—teachers, school leaders, parents, and students—representing schools across different fee segments and regions, from no-fee government schools to high-fee private institutions.
Time of India
41 minutes ago
- Time of India
Global stock index sinks with dollar, bond yields after weak US jobs data
MSCI's global equities index sold off sharply on Friday and the dollar took a dive after weaker-than-expected U.S. jobs data fueled economic worries and boosted bets for September interest rate cuts while investors also considered U.S. President Donald Trump's latest tariff announcements and key personnel changes. U.S. Treasuries were in demand after the Labor Department reported that the U.S. economy added 73,000 nonfarm payrolls last month, below economists' expectations for 110,000. June's job growth was revised sharply lower to 14,000 from 147,000. 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McEntarfer, nominated by prior President Joe Biden for the role. Then the dollar index and U.S. Treasury yields lost further ground when the Federal Reserve said Governor Adriana Kugler is resigning early from her term on Aug. 8, causing some investors anxiety at a time when Trump has loudly disagreed with Fed rate policies. Late on Friday, traders were betting on an 87.5% probability for a September rate cut compared with 37.7% on Thursday, according to CME Group's FedWatch tool. Live Events "The market is reacting to the possibility of the economy flipping into recession. The weak jobs data is piling on to weak earnings reports and weak guidance from some corporations," said Luke Tilley, Chief Economist, Wilmington Trust. MSCI's gauge of stocks across the globe fell 12.23 points, or 1.32%, to 917.39, suggesting its biggest daily drop since mid-April. The softer jobs data added to losses for the global index, which was already in the red after a host of tariff announcements from Trump the day before. On Thursday, Trump ordered tariffs ranging from 10% to 41% on U.S. imports from several major trading partners. He increased duties on Canadian goods to 35% from 25% for all products not covered by the U.S.-Mexico-Canada trade agreement. He set a 25% rate for India's U.S.-bound exports, 20% for Taiwan's, 19% for Thailand's and 15% for South Korea's. Mexico, however, got a 90-day reprieve from higher tariffs to allow for deal talks. On the earnings front, market heavyweight Amazon tumbled more than 8% on Friday after its quarterly report showed cloud computing growth that disappointed investors. On Wall Street, the Dow Jones Industrial Average fell 542.40 points, or 1.23%, to 43,588.58, the S&P 500 fell 101.38 points, or 1.60%, to 6,238.01, for its biggest one-day percentage drop since May 21 and the Nasdaq Composite fell 472.32 points, or 2.24%, to 20,650.13, its steepest one-day drop since April 21. Earlier, the pan-European STOXX 600 index ended down 1.89%, its biggest drop since April 9. In currencies, the greenback reversed course to fall sharply after the data due to increased expectations for rate cuts. Earlier it had found support in fading hopes for U.S. rate cuts. The dollar index, which measures the greenback against major currencies including the yen and the euro, fell 1.37% to 98.66, the euro was up 1.52% at $1.1589. Against the Japanese yen, the dollar weakened 2.26% to 147.32. "The way (the market) is going to interpret (the departures) is in a very dollar-negative way," Juan Perez, senior director of trading, Monex USA, referring to both the Kugler and McEntarfer news. "No matter what the economic picture in the United States, the one thing that holds the U.S. dollar strong in the eyes of the world is the authority and the independence of the Federal Reserve. Whenever anything comes to potentially put that into compromise then that's when the U.S. dollar spirals down." U.S. Treasury yields plunged on the jobs data and the increased bets for September rate cuts, and fell to fresh session lows in the late afternoon after the Kugler announcement. Peter Tuz, president of Chase Investment Counsel, said Trump "is getting a bigger chance to appoint people whose views match his own" at the Fed. Regarding the BLS firing Tuz said "I don't like to see a bureaucrat fired just because the data that gets presented doesn't support the administration's policies." The yield on benchmark U.S. 10-year notes fell 14 basis points to 4.22%, from 4.36% late on Thursday. The 30-year bond yield fell 6.4 basis points to 4.8211%. The 2-year note yield, which typically moves in step with interest rate expectations for the Federal Reserve, fell 26.1 basis points to 3.69%. In energy markets, oil prices sank about 2.8% after the jobs data and on jitters about a possible production increase by OPEC and its allies. Oil had settled around 1% lower on Thursday. U.S. crude settled down 2.79%, or $1.93 at $67.33 a barrel and Brent settled at $69.67 per barrel, down 2.83%, or $2.03 on the day. Elsewhere in commodities, gold prices rallied to a one-week high as investors sought safety after the weak jobs report, policy easing expectations and the latest tariff announcements. Spot gold rose 2.14% to $3,360.45 an ounce.
Time of India
an hour ago
- Time of India
Harsh Goenka to Sabeer Bhatia: India doesn't need sermons from those who packed up and left. We love this country and ...
A sharp exchange unfolded between Hotmail co-founder Sabeer Bhatia and billionaire Harsh Goenka recently over the use of the term 'anti-national'. On July 31, 2025, Sabeer Bhatia shared a post criticizing the labeling of truth-telling as "anti-national" in India. 'Say India is unsafe for women - you're anti-national . Question inflated economic numbers - you're anti-national. Call out elected leaders' lies - you're anti-national. Mention lost aircraft - you're anti-national. So if truth = anti-national… then who's a national? The one who lies to you?,' Bhatia wrote in an X post. Now, Harsha Goenka has responded sharply to Bhatia's post, saying 'India doesn't need sermons from those who packed up and left,' questioning his right to comment from abroad. 'Living in California and lecturing a billion Indians back home? We live here. We vote, work, pay taxes. We love this country- and we'll fix what's broken. India doesn't need sermons from those who packed up and left,' Goenka replied to Sabeer Bhatia. Bhatia has, in recent months, stirred debates on social media with his post criticizing India, including the country's education system and it's economic growth. In a post dated June 10, Sabeer Bhatia wrote on X: "Instead of hanging your head in shame that 415 million people in India survive on $3.10/day [approx. Rs 265/day], you brag about being the world's 4th largest economy. Shame on you." In an NNP podcast interview earlier this year, Bhatia said that instead of creating original thinkers, India is producing an "army of useless kids" who only know how to follow orders. 'We live in a conformist society—people are often told, 'Listen to others, do what they say',' Bhatia then said, further adding 'But why follow a path that's already been walked?'. During the interview, Bhatia said that the Indian education system is wired to produce workers who take 'orders' instead of creating 'visionaries' with the ability to disrupt systems. AI Masterclass for Students. Upskill Young Ones Today!– Join Now
