Economic Times With investors tightening their purse strings because of the volatility in the global economy, many unicorns and stARTups such as Byju’s, Swiggy and Ola have slowed down hiring or even resorted to firing employees. StARTups in India fired about 6,000 employees in October-December 2022 and another 4,000 or so in January 2023, the Economic Times reported, citing a report by CIEL Human Resources services. Many unicorns and stARTups like Byju's, Swiggy...
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FMCG growth slows in Oct-Dec QuARTer - Sharleen D'Souza
- Business Standard India’s fast-moving consumer goods (FMCG) sector grew at a slower pace of 7.6 per cent, in the October-December 2022 quARTer, compared to the previous quARTer as well as October-December 2021, Business Standard reported, citing data from market research firm NielsenIQ. Price growth has tapered and volumed remain weak. Price growth during the quARTer was 7.9 per cent, lower than 9.9 per cent in the previous quARTer. FMCG firms were...
More »PM Awas Yojana in Uttar Pradesh likely to reach saturation point by 2024 - Vatsala Gaur
Economic Times The significant increase in budgetary outlay for the PM Awas Yojana is expected to enable Uttar Pradesh to provide houses to all remaining rural beneficiaries of the scheme in the upcoming financial year leading to the PMAY(Rural) quota in the state being filled completely ("saturated") by 2024, when the general elections will be held. Allocation for PMAY saw a 66% increase to Rs. 79,000 crore in the Union budget tabled...
More »ST enrolments in higher education rise by 47%, OBC enrolment by 31%: Government survey
The growth in enrolments of Scheduled Tribe (ST) students in higher education between 2014-15 and 2020-21 has been 47%, while OBC enrolments have increased by 31.67% in the same period. These are some of the key findings of the All India Survey on Higher Education 2020-21 (AISHE) conducted by the Ministry of Education. Other AISHE findings include: * Enrolment of ST students has increased to 24.1 lakh in 2020-21 from 21.6...
More »India's wheat output may set new record of over 112 lakh tonnes in 2022-23 - PTI/Economic Times
The country's wheat production is likely to set a new record of more than 112 million tonnes in the 2022-23 crop year (July-June), government officials told Press Trust of India. Wheat production had declined to 106.84 million tonnes due to heat wave in key growing states in the 2021-22 crop year, as per agriculture ministry data. In 2020-21, the country had achieved a record wheat output of 109.59 million tonnes....
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