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Time of India
32 minutes ago
- Time of India
UP sets target to distribute 60L flags
Lucknow: Ahead of Independence Day, the state govt has set a target of distributing 60 lakh flags to households across the state. A total of 388 self-help groups across 177 towns are going to be roped in for the statewide campaign. Officials said the rural women are going to benefit the most as money is going to be awarded to them. "The amount to be paid would be determined as per the size of the flag and the material being used. We have identified three different types of materials that would be used to produce the flags," said an officer from the handloom and textiles department. Being organised in three phases, the campaign was flagged off on Aug 2 and would culminate on Aug 15. While in the first two phases (till Aug 12), the target was to create awareness about the importance of the campaign and nation-building among the community, school children, students and other stakeholders through theatre acts, wall paintings, rangolis, hoardings, workshops and exhibitions. Between Aug 13 and Aug 15, emphasis would be given to decorating public buildings and govt establishments. Urban local bodies have been urged to celebrate 'Tiranga Mahotsava' by holding prominent events at busy marketplaces or govt establishments with sound systems and pandals where cultural and musical events could be organised on Aug 15. "Instructions have been given to promote the ODOP products during the celebrations to help local artisans generate more income," said an officer. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.


Deccan Herald
34 minutes ago
- Deccan Herald
UK employers report weaker hiring and pay growth in July
Hiring intentions by British businesses fell to their weakest since the Covid-19 pandemic and recruiters said starting pay was rising at the slowest pace in over four years, according to surveys on Monday which add to signs of a weakening jobs market. With the Bank of England watching the jobs market closely, the Chartered Institute of Personnel and Development said only 57% of private sector employers planned to recruit staff over the next three months, the lowest since the start of 2021 though only slightly down from 58% in the last quarterly survey. The professional body for the human resources sector said higher employer social security charges introduced by finance minister Rachel Reeves and an increased minimum wage were hurting jobs, particularly in hospitality and social care. Planned changes to employment law which are likely to make it harder to sack employees in their first two years in a job were also making businesses more reticent to hire younger, less experienced staff, CIPD economist James Cockett said. Other business surveys have shown similar concerns, as well as broader headwinds from weak domestic demand and residual uncertainty for some exporters over U.S. trade tariffs.


Economic Times
2 hours ago
- Economic Times
In 2019, Rs 50K was gold and now it can't pay rent: CA explains why most are struggling, not 'surviving' in urban cities
Synopsis Chartered Accountant Nitin Kaushik has warned that in 2025, earning less than Rs 50,000 a month in metros like Bengaluru, Mumbai, or Pune means barely covering basic expenses. He says rent alone swallows 40-60% of income, with essentials and lifestyle costs doubling in three years. Bengaluru's prime-area rents have surged up to 100% since 2022. Kaushik estimates singles need Rs 20-30 lakh annually for comfort, families Rs 40-50 lakh. Even Rs 1 lakh earners struggle, prompting his call for upskilling, smart budgeting, and early investment. TIL Creatives Representative AI Image Living in India's largest cities has become a battle to stay afloat. Chartered Accountant Nitin Kaushik says that in 2025, a monthly income below Rs 50,000 in Bengaluru, Mumbai, or Pune means 'barely breaking even' rather than on X, he warned that rents alone consume 40-60% of many urban salaries. Add transport, food, and utilities, and there is little left over. 'Living in a metro today without a strong salary equals financial pressure 24x7,' Kaushik wrote. — Finance_Bareek (@Finance_Bareek) Bengaluru, long considered India's tech capital, has seen one of the sharpest rent hikes. Kaushik pointed out that in prime neighbourhoods, one-bedroom flats that cost around Rs 18,000 a month in early 2022 now exceed Rs 30,000. That is an increase of 70-100%.He linked the rise to several factors — the return to office after COVID, a wave of job relocations, and growing real estate demand from NRIs and investors. Kaushik also highlighted that the price of essentials such as food, energy, and transport has stayed high. Combined with lifestyle spending, this has made metro living nearly twice as expensive as it was just three years ago. For those hoping to live comfortably, Kaushik estimates that in 2025, a single person in Bengaluru would need a CTC of Rs 20-30 lakh a year. For a family with one child, that figure rises to Rs 40-50 lakh, which he says would cover good housing, schooling, leisure, and savings. Kaushik warned that even households earning Rs 1 lakh a month are often stuck living paycheck to paycheck due to lifestyle expenses. His advice is direct: upskill to increase income, manage rent and commuting costs, start investing early, and look beyond headline salaries to focus on take-home pay after adjusting for living summed up the shift bluntly: 'Your Rs 50K/month in 2019 was gold. In 2025, it barely pays rent.'