Latest news with #RuchikaChitravanshi
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Business Standard
a day ago
- Business
- Business Standard
71,000 offers made in second round of PM internship scheme pilot
Over 4.5 lakh applications received for 1.18 lakh internship opportunities in the PM Internship Scheme's second pilot phase; low joining rate noted in first round premium Ruchika Chitravanshi New Delhi Listen to This Article The Prime Minister Internship Scheme's Pilot Project has received applications nearly four times the total 1.18 lakh internship opportunities offered by 327 companies, according to a parliamentary reply. However, these companies have made a total of 71,000 internship offers so far, Minister of State for Corporate Affairs Harsh Malhotra informed the Lok Sabha on Monday. 'Currently, rolling out of offers and the process of acceptances and joining by interns is in progress,' the reply stated. In the first round of the pilot project, fewer than 15 per cent of candidates who were offered internships ended up joining the scheme. Malhotra
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Business Standard
2 days ago
- Business
- Business Standard
Private sector investment hasn't kept pace with public expenditure: FM
Says greater access to China may help economy, but sense of caution would have to be built in Ruchika Chitravanshi New Delhi Listen to This Article India's private sector investment has not kept pace with the growing public expenditure, Finance Minister Nirmala Sitharaman said on Saturday. Healthy corporate balance sheets are sitting on passive investible funds, instead of companies engaging in capacity expansion, she said. Sitharaman stressed that growth was the topmost priority of the government. While stating that greater access to China may help the economy, she said a sense of caution would have to be built in. Sitharaman was speaking at the launch of the book A World in Flux: India's Economic Priorities, co-edited by Professor Amita Batra of Jawaharlal Nehru University and veteran
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Business Standard
22-07-2025
- Business
- Business Standard
8th Pay Commission: Govt receives wish list from staff representatives
Finalising panel's terms of reference for hikes, which may kick in from Jan premium Ruchika Chitravanshi Asit Ranjan Mishra New Delhi Listen to This Article Six months after the government announced plans to set up the Eighth Central Pay Commission to review its employees' emoluments, it has received suggestions from staff representatives for the panel's consideration. These suggestions include reinstating the Old Pension Scheme for government employees who joined service after 2004 and improving other retirement benefits, devising methods to ensure cashless medical benefits to employees and pensioners, and providing a child education allowance as well as a hostel subsidy till the post-graduation level. The panel's recommendations would impact around 4.5 million government employees and 6.8 million pensioners, including defence personnel. While the government is
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Business Standard
07-07-2025
- Business
- Business Standard
Urban consumption not growing as anticipated: CII President Rajiv Memani
Memani talked about issues ranging from India-US FTA to India's complex relationship with China and the labour code implementation premium Ruchika Chitravanshi New Delhi Listen to This Article Confederation of Indian Industry (CII) President Rajiv Memani — in a conversation with Ruchika Chitravanshi in New Delhi — said that the financial risk taking capacity of entrepreneurs has come down in the last 3-4 months. Memani spoke about issues ranging from the India-US free-trade agreement (FTA) to India's complex relationship with China and the labour code implementation. Edited excerpts: What are some red flags and green shoots in the whole macroeconomic outlook right now? All the macroeconomic parameters, from a government standpoint, are strong. Net non-performing asset (NPA) and interest rates are at an all-time low. Inflation is
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Business Standard
06-07-2025
- Business
- Business Standard
High equality ranking for India masks deeper gaps, say economists
According to the World Bank, India's Gini Index stands at 25.5, making it the fourth most equal country in the world, after the Slovak Republic, Slovenia and Belarus premium Ruchika Chitravanshi Shiva Rajora New Delhi Listen to This Article A recent World Bank report placing India among the most equal countries globally may present a limited view of inequality, with economists suggesting that broader data sets could tell a different story. According to the report, India's Gini index (or coefficient/ratio), a key measure of inequality, stood at 25.5 in 2022–23, placing the country fourth globally in terms of equality, behind only the Slovak Republic, Slovenia, and Belarus. The Gini index ranges from 0 to 100, where zero represents perfect equality and 100 indicates extreme inequality, with one individual possessing all income or wealth, or accounting for all consumption.
