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Indian Express
16 minutes ago
- Indian Express
‘Not from IIT-NIT, not afraid of layoffs': Techie who quit Rs 65 LPA job to travel gets rehired with salary hike
A techie, who shared his unconventional career move on Reddit — quitting a high-paying job to travel for six months — has gone viral online. In his post, he revealed that he later rejoined the same company, this time with a salary hike. 'So last year I decided to quit my job where I was making 65 LPA. I didn't jump into another role, just bought a car and spent the next six months enjoying life, travelling around, doing whatever I felt like. Those months went by super fast, but honestly, I don't regret it at all,' he wrote. The techie said that after the break, he was hired back by the same company with a 15 per cent raise. 'Now I've joined back the same company (with a raise lol) and I feel way more motivated to work. I look at money differently too, there's a lot more respect for it now. The break really reset me,' he shared. Sharing details of his financial status, the techie revealed that he gets paid in US dollars and has tax benefits under Indian laws. 'I'm unmarried and have some time to play around with my career. That's why I joined the same firm again with good pay and tax benefits which Indian companies usually don't easily match when it comes to in-hand,' he wrote. 'I was planning for a master's from USA since I'm unmarried and have some time to play around with my career. That's why I joined the same firm again with good pay and tax benefits which Indian companies usually don't easily match when it comes to in-hand. (The founders already know I'm planning for a master's). I'm a full stack developer. The car I bought is a used one. I have bachelors degree from CS. I am not from IIT/NITs. just from a pretty average college,' the techie shared in the post. See the post here: Quit my 65 LPA job at 27, bought a car, chilled for 6 months, and now I'm back with a whole new mindset. AMA byu/Creative_System6833 inIndian_flex The post quickly drew attention, with a range of reactions. 'Hey man! Congratulations. In this competitive era and market conditions, taking a break may even make you feel guilty or can get you in a fomo state. But kudos to you for breaking out from all that and doing what you wanted to do,' a user wrote. 'A masters can significantly boost income if in the US. If OP can get a 65Lpa job in India, they should be able to get faang equivalent pay in the US,' another user commented.
Time of India
16 minutes ago
- Time of India
First 'Made in India' semiconductor chip likely by December: MoS Jitin Prasada
Academy Empower your mind, elevate your skills The first-ever ' Made in India semiconductor chips is expected to roll out of the assembly lines by the end of 2025, Jitin Prasada , Minister of State for Electronics and Information Technology, said."The first packaged chip is expected to be out by December, 2025," the Minister said in response to a questionnaire from ANI, besides underlining the status of India's nascent yet progressing semiconductor government has laid a pathway towards an India that will build chips for the world, aligned across the supply chain, from assembly/testing to design, and manufacturing to exports, the minister government has approved the Semicon India programme with a total outlay of Rs 76,000 crore for the development of the semiconductor and display manufacturing ecosystem in the countryIt provides fiscal support of 50% of the project cost on pari-passu basis for setting up of Silicon Complementary Metal-Oxide-Semiconductor (CMOS) based Semiconductor Fabs in India, fiscal support of 50% of project cost on pari-passu basis for setting up of Display Fabs; fiscal support of 50% of the capital expenditure on pari-passu basis for setting up of Compound Semiconductors / Silicon Photonics (SiPh) / Sensors (including Micro-Electro-Mechanical Systems) Fab/ Discrete Semiconductor Fab and Semiconductor Assembly, Testing, Marking and Packaging (ATMP) / Outsourced Semiconductor Assembly and Test (OSAT) facilities, the minister on date, the government has approved 10 semiconductor manufacturing projects with a cumulative investment of more than Rs 1.60 lakh crore in 6 states - Gujarat, Assam, Uttar Pradesh, Punjab, Odisha, and Andhra Pradesh."The approved projects are under various phases of implementation and are expected to start commercial production in 1-5 year time frame," he said in his response, without getting into specifics of each projects, according to the minister, are expected to generate more than 29,000 direct jobs, depending on the maturity of factory to strengthen semiconductor manufacturing, and creating a semiconductor ecosystem in the country, the government has entered into Memorandum of Understanding (MoU) with the US, European Union, Japan and manufacturing is a very complex and a Technology intensive sector which requires specialised skilled manpower. To address this, a new curriculum was introduced by the All India Council for Technical Education (AICTE) for VLSI Design and Technology, Integrated Circuit (IC) government is also shaping skilled manpower in the semiconductor design sector and providing EDA tools to design semiconductor chips, the minister said.A 'Design Linked Incentive (DLI) Scheme' was also approved as part of the Semicon India Programme with an overall outlay of Rs 1000 Crore to nurture the entrepreneurship ecosystem by way of encouraging and supporting the design and deep tech start-ups involved in the semiconductor design ecosystem in the country."So far, 72 design companies (including start-ups and MSMEs) have been approved for semiconductor chip design infrastructure support under the DLI Scheme. Out of these, 23 companies have also been approved for P-DLI for developing semiconductor chip/ SoCs for applications in sectors such as automotive, mobility, computing, communications companies are developing semiconductor IP cores, chips, SoCs, and systems to serve the Indian market as an import substitute and for export to international markets," the minister another query regarding the progress made by the government on the AI mission front, the minister shared a status note, outlining the advances made in this emerging March 2024, the Government of India approved the IndiaAI Mission to build a precise and cohesive strategy for the AI ecosystem, catalysing AI innovation through strategic programs and partnerships across the public and private IndiaAI Mission comprises 7 pillars: IndiaAI Compute, IndiaAI Application Development Initiative, AIKosha, The IndiaAI Foundation Models, IndiaAI FutureSkills, IndiaAI Startup Financing, and Safe and Trusted Minister further apprised that India is also set to host the upcoming Artificial Intelligence (Al) Impact Summit in February 2026, focusing on the impact of AI on People, Planet, and Progress and is the fourth in a series of global AI group consultations with civil society, industry, startups, academia, and international organisations have been completed, along with a round of public consultation that concluded on June 30th. A call for proposals from organizations worldwide has been launched to host affiliated pre-summit events from August 11, 2025, to January 31, 2026, the minister further said.
Time of India
16 minutes ago
- Time of India
Market Wrap: Sensex rises 213 points, Nifty tops 25,000 in 5-day winning run ahead of US Fed symposium
Indian benchmark indices Sensex and Nifty extended their winning streak to a fifth session Wednesday, lifted by IT shares, as investors looked ahead to the Federal Reserve's Jackson Hole symposium later this week. Tired of too many ads? Remove Ads Indian benchmark indices Sensex and Nifty extended their winning streak to a fifth session Wednesday, lifted by IT shares, as investors looked ahead to the US Federal Reserve's Jackson Hole symposium later this S&P BSE Sensex advanced 213.45 points, or 0.26%, to 81,857.84, while the NSE Nifty 50 gained 69.90 points, or 0.28%, closing above the 25,000 mark at 25,050.55 after trimming early losses.
