
Over 10.5 lakh jobs provided through Rozgar Melas: Union Minister Kishan Reddy
The event was part of the 16th edition of the Rozgar Mela, which was launched virtually by Prime Minister Narendra Modi. As part of the nationwide initiative, appointment letters were distributed to over 51,000 newly inducted central government employees across 47 locations. In the South Central Railway (SCR) zone, key centres such as Secunderabad, Guntakal, and Guntur participated in the mela.
Speaking at the event, Kishan Reddy emphasised that the Rozgar Mela is not a one-time programme but a continuous initiative that reflects the Centre's commitment to generating employment. He urged young people to become job creators, not just job seekers, and highlighted the government's efforts in building the world's third-largest startup ecosystem.
Citing data from the Employees' Provident Fund Organisation (EPFO), the minister said over eight crore jobs have been generated since 2017 across sectors. He also highlighted various initiatives aimed at enhancing youth skills and employability, such as the establishment of skill hubs and universities.
Kishan Reddy further noted India's global standing in various sectors, including being the second-largest mobile phone manufacturing hub, fourth in renewable energy capacity, and the world's largest producer of railway locomotives.
He also outlined flagship government schemes like the Vishwakarma Yojana, Ayushman Bharat, Mudra Yojana, and others aimed at public welfare and national development.
Earlier, SCR Additional General Manager Neeraj Agrawal presented the welcome address. He stated that across SCR jurisdiction covering Telangana and Andhra Pradesh, 200 individuals received appointment letters in various departments of Central government, public sector undertakings and others. Later, DRM (Secunderabad) Bhartesh Kumar Jain presented the vote of thanks.
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India Gazette
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Economic Times
a day ago
- Economic Times
What's Dr Copper's warning about India's economic health?
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When the economy is expanding, demand for copper rises as industries ramp up production and construction projects increase. Conversely, when the economy slows down, copper demand tends to fall, and prices often decline as a result. This strong connection between copper prices and economic cycles has made the metal a reliable leading copper isn't infallible and its price can be influenced by factors like speculation, supply disruptions or geopolitical tensions, it remains a widely watched barometer of global economic President Donald Trump has recently announced a 50% tariff on all copper imports into the United States, citing national security and the need to rebuild America's industrial base. "Copper is necessary for Semiconductors, Aircraft, Ships, Ammunition, Data Centers, Lithium-ion Batteries, Radar Systems, Missile Defense Systems, and even Hypersonic Weapons, of which we are building many," Trump said in a post on Truth Social. The move sent immediate shockwaves through financial markets and global trade futures in the US surged by as much as 17% in a single day, closing at their highest level in decades. Anticipating the tariff, importers rushed to stockpile copper, overwhelming US ports with tens of thousands of tonnes of incoming shipments. While it reflects a push toward economic self-sufficiency, the policy comes with significant short-term costs and uncertainty. In the long run, the US may expand domestic mining and smelting capacity, but such progress will take tariffs are said to include all refined metal, Bloomberg has reported, citing people familiar with the matter. They would also include semi-finished products such as those used for power grids, the military and data copper-exporting countries like Chile, Peru, Mexico and Canada could see declining demand from one of their largest markets. At the same time, global copper prices are likely to face downward pressure as surplus supply is redirected elsewhere. Arbitrage opportunities may also arise as the price of copper in the US decouples from international administration has justified the tariff on the grounds of national security, claiming copper is vital for defense and critical infrastructure. However, critics argue that the move is a protectionist gesture unlikely to meaningfully boost domestic output in the short term. Instead, it may exacerbate supply chain disruptions and spark retaliation from trade industry official told PTI that Trump's proposed 50 per cent import tariff on copper will not have any impact on Indian companies as the country is Copper Association India Managing Director Mayur Karmarkar said, "India is a copper-deficient country, and its export, as such, is not significant. Again, of the total exports, the shipments to the US are just around 10,000 tonnes." The proposed duty, as a result, will not have any impact on the Indian firms, particularly as the domestic demand is extremely buoyant, given India's thrust on renewable energy, EVs, and a host of other copper-intensive sectors, Karmarkar Coal and Mines Minister G Kishan Reddy has said that the government is assessing the impact of Trump's tariffs on copper. According to sector watchers, Trump's tariffs raise the risk of cross dumping copper from other markets, driving down prices and threatening profitability of domestic producers. India annually consumes about 1.7 million tonnes of copper. Exports to the US stood at 13,003 tonnes in the calendar year 2024, and 3,554 in the first six months of 2025, Karmakar said. Another domestic industry representative told ET that less than $ 300 million worth of copper is exported to the US from certain critical sectors of India's economy might suffer from the steep 50% tariff on copper imports into the US. 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Economic Times
a day ago
- Economic Times
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