#indian job market statistics 2021

[ourjobagency]

Trends in Indian Job Market in 2021

Though there is a steady Month over Month recovery in the Indian job market, there is still the pandemic effect on its YOY growth.

To know more, visit-https://ourjobagency.com/trends-in-indian-job-market-in-2021/

[bdb-india]

BDB is a Market Research for Engineering Products

BDB India Private Limited is a leading global business strategy consulting and market research company in India. Since 1989, BDB has been providing clients with solutions to expand their businesses in the Indian and international marketplace. We are an ISO certified company. BDB is a Market Research for Engineering Products.BDB India is the leading global business strategy consulting and market research firm for automotive industry.

Decarbonisation 

Decarbonisation is the process of reducing or eliminating carbon dioxide (CO2) emissions from various sectors, primarily in the energy and industrial sectors. It is a critical strategy in the fight against climate change as it aims to mitigate the impact of greenhouse gas emissions on the environment and global warming. Decarbonisation involves transitioning away from fossil fuels and high-emission practices towards cleaner and more sustainable energy sources and technologies.

The push for decarbonisation has gained significant momentum in recent years as the effects of climate change become more evident and the need for urgent action becomes apparent. This is the effort put in by the entire ecosystem that includes the Government, NGO’s, consultants, industrial market research firms, and societies. These together worldwide are increasingly recognizing the importance of reducing carbon emissions to achieve environmental sustainability and meet international climate goals, such as those outlined in the Paris Agreement.

Why is decarbonising important? Decarbonising is important for several critical reasons, all of which revolve around the need to address the escalating challenges posed by climate change and its wide-ranging impacts on the environment, society, and the global economy. Here are some key reasons why decarbonising is essential :

Mitigating Climate Change

Preserving Ecosystems and Biodiversity

Ensuring Resource Availability

Improving Air Quality and Public Health

Enhancing Energy Security

Creating Green Jobs and Economic Opportunities

Meeting International Climate Commitments

Addressing Social and Environmental Justice

Minimizing the Risk of Catastrophic Events

Preserving a Livable Planet for Future Generations

Incorporating decarbonisation into business strategies can lead to a range of positive outcomes, including financial savings, improved operational efficiency, innovation, and a positive impact on the environment. Each industry’s opportunities will vary based on its specific circumstances and operations.

India’s Statistics

India, which contributed about 2% of all emissions in 2015 as opposed to the United States ‘ 15%, is the fourth-largest emitter of CO2 after China, the United States, and the European Union.

The revised Nationally Determined Contribution (NDC) of India includes a citizen-centric strategy for addressing climate change, which includes lifestyle modification.

In 2021, China, the United States, the EU27, India, Russia and Japan remained the world’ s largest CO2 emitters. Together they account for 49.2% of global population, 62.4% of global Gross Domestic Product, 66.4% of global fossil fuel consumption and 67.8% of global fossil CO2 emissions. All six increased their fossil CO2 emissions in 2021 compared to 2020, with India and Russia having the largest increases in relative terms (10.5% and 8.1%, respectively).

The reduction of Carbon dioxide emissions or Decarbonisation can be achieved with a focus on three important areas :-

Increasing renewable energy capacity,

Decarbonising emission-intensive sectors such as transportation, power generation, building/infrastructure sector, cement and construction sector

Creating more carbon sinks.

Government Initiatives

India announced a highly ambitious goal of decarbonizing energy to 50% and achieving 500 GW of fossil fuel-free generating capacity by 2030. India also pledged to reach net-zero emissions by 2070 – an important benchmark in the fight against climate change.The Indian government has launched several initiatives and policies aimed at decarbonisation and addressing climate change. These initiatives span various sectors and emphasize the adoption of renewable energy, energy efficiency, sustainable transportation, and more. Here are some key government initiatives in India for decarbonisation

National Action Plan on Climate Change (NAPCC): NAPCC outlines India’s comprehensive strategy for addressing climate change. It includes eight national missions that focus on areas such as solar energy, energy efficiency, sustainable agriculture, water conservation, and more.

Renewable Energy Initiatives: The government has set ambitious targets for renewable energy capacity, including the Jawaharlal Nehru National Solar Mission and the Wind Energy Mission. These initiatives promote the deployment of solar and wind energy projects by across the country.

Perform, Achieve, and Trade (PAT) Scheme: Under this scheme, energy-intensive industries are assigned energy consumption reduction targets. Industries that exceed their targets earn Energy Savings Certificates, which can be traded in a market-based mechanism.

Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) Scheme: FAME promotes the adoption of electric and hybrid vehicles by offering incentives to manufacturers and buyers. The scheme aims to reduce carbon emissions from the transportation sector enabled by studies conducted by Market research for EVs and its ecosystem.

Smart Cities Mission: The mission encourages the development of sustainable and energy-efficient cities through the adoption of green technologies, smart infrastructure, and efficient urban planning.

Pradhan Mantri Ujjwala Yojana: This initiative aims to provide clean cooking fuel to households below the poverty line, reducing reliance on traditional biomass and mitigating indoor air pollution

International Solar Alliance (ISA): India co-founded ISA to promote solar energy adoption and facilitate cooperation among solar-rich countries.

Atal Mission for Rejuvenation and Urban Transformation (AMRUT): AMRUT focuses on improving urban infrastructure, including water supply, sewage, and solid waste management, to enhance the quality of life and promote sustainability

National Clean Air Programme (NCAP): NCAP aims to improve air quality in Indian cities through a multi-sectoral approach, including actions to reduce emissions from various sources.

Zero Budget Natural Farming (ZBNF): This agricultural practice promotes organic farming techniques that reduce carbon emissions and enhance soil health.

Green India Mission (GIM): GIM focuses on afforestation, reforestation, and forest conservation to enhance carbon sequestration and biodiversity.

Energy Conservation Building Code (ECBC): ECBC sets energy efficiency standards for commercial buildings to reduce energy consumption and associated emissions.

National Electric Mobility Mission Plan (NEMMP): NEMMP aims to achieve national fuel security and promote electric mobility to reduce greenhouse gas emissions.

Make in India for Renewable Energy Sector: The “Make in India” initiative encourages domestic manufacturing of renewable energy components to support the growth of the sector.

India is a significant developing economy with a population of over 1.3 billion, thus its objectives for climate adaptation and mitigation are transformative not just for India but for the entire world. In order to help India develop, industrialise, and improve the quality of life for its people without having to carbonise, NITI Aayog and the IEA have agreed to working together.

View More at: https://bdbipl.com/

[houssed]

Exciting Under Construction Projects in Borivali West - Houssed

New Residential Projects in Borivali West, Mumbai

About Borivali West, Mumbai

Borivali West, a diversified neighbourhood in northwest Mumbai, is home to a large Gujarati community, followed by East Indians and tribal people. Under construction projects in Borivali West are poised to redefine the skyline of this bustling suburban neighborhood, offering promising opportunities for investors and homebuyers alike. The area is made more appealing by landmarks like Fish Park, Mandapeshwar Caves, and Sanjay Gandhi National Park. Borivali West is a desirable neighbourhood for property investors and buyers due to its developing social and physical infrastructure, reasonable real estate prices, and advantageous location. Borivali West, rated 4.3/5 for safety and 4.5/5 for connectivity, is one of Mumbai's best areas to invest. There are several alternatives, with more than 600 properties up for sale and more than 90 for rent.

Why Should You Invest in Borivali West?

With an average pricing rate of about Rs 28,300 per square foot and an expected 9.3% annual price growth, investing in Borivali West promises excellent returns. Additionally, this region offers a variety of property selections that grant access to first-rate amenities. Romell Serene, Creative Vrindavan, Rishabraj Agnel, Gurukrupa Shiv Sagar, Shivoham Avyukta Neelkamal, Arkade Crown, and The Goyal New Abhiram CHSL are a few notable ongoing and completed projects. Borivali West's real estate market is being actively shaped by well-known developers like Aditya Developers, H Rishabraj Realty, Pranav Constructions Pvt Ltd, Unique Shanti Developers, and others.

Price Trend of Borivali East

Given below is the statistical data to understand the property rates in Borivali West ;

Years (Apr-June)

Price rates per sq ft

2019

Rs 24,700

2020

Rs 25,350

2021

Rs 25,090

2022

Rs 26,400

2023

Rs 28,170

Disclaimer: The above-mentioned price rates are taken from different sources and do not reflect the actual price trend. The prices depend on the offered location, developer and amenities.

Top 5 Reasons to Invest in Borivali West

1: Diverse Transportation Hubs

The distance of Malad Metro Station is around 6.6 Km, and the distance of Charkop Metro Station is 4.8 Km from Borivali West.

From this location, the railway station of Borivali is 4.4 Km, and Krishnagiri Railway Station is 5.6 Km.

BEST Depot is just 1.3 Km from Borivali West, Gorai Bus Depot is just 1.8 Km away, and Sukurwadi Bus Depot is 4.4 Km away.

Via Western Express Highway, Chhatrapati Shivaji Maharaj International Airport is approximately 21 Km from Borivali West.

2: Alluring Infrastructure

Borivali West is home to many amazing social infrastructure, including various top-class educational centres, hospitals, banks, ATMs, restaurants, bars and much more.

Educational Institutes

Hospitals

Restaurants

Gokhale College

Palkar Hospital

Aura Restaurant

Don Bosco High School

Sushrut Hospital

Utsav

Himalaya High School

Shree Ganesha Hospital

Tea One

Our Lady of Remedy High School and Church

Rajendra Maternity and Surgical Nursing Home

Soda Planet

3: Upcoming Lucrative Projects & Developments

The cultural and historical landmarks add to the attractive factors of this area, which ultimately makes it a desirable place to invest. Some of the heritage locations include the following:

JPV Adinath

Shri Mahavir Krupa Chsl Ltd

Ashirwad Trevi

Modispaces Ganges

Chitalia Jaykant Bliss

Daivi Eterneety

4: Nearby Job Opportunities

Borivali West is well-known for several amazing factors, and one of them is being a home for numerous corporate offices and multinational corporations.

Canada Associates is located in MHB Colony, Gorai Nagar and it is just 2.9 Km away from Borivali West.

Raj Infotech Solution is only at a 15-minute distance from Borivali West via Western Express Highway and it is at a distance of 8.1 Km.

Several MNCs like Procentris India Private Limited, PNS Technology Pvt Ltd and more are also located very close to Borivali West, offering a wide range of job opportunities.

5: Expected Future ROI

Regarding price rate appreciation or depreciation, the rates for property in Borivali West have altered by approximately 9.3% in the last year, 13.2% in the last three years and 50.9% in the last ten years. Also, the builder price rates in Borivali West shifted by 8.0% in the last year, and for the last three years, it has been 14.0%

[milescpareview]

Are High-Paying Jobs A Reality for Accountants?

Introduction

Accounting, often deemed the language of business, offers a plethora of career opportunities. However, a burning question lingers: Are high-paying jobs a reality for accountants? In this blog post, we will unravel the layers of the accounting profession, exploring the diverse avenues that lead to lucrative careers. From traditional roles to emerging opportunities in the digital age, let's delve into the factors that determine an accountant's earning potential and the strategies to secure those coveted high-paying positions.

Traditional High-Paying Roles

Traditionally, accountants have been crucial assets for businesses, managing financial records, ensuring compliance, and offering strategic financial advice. Roles such as Certified Public Accountants (CPAs) and Chartered Accountants (CAs) have been associated with substantial earning potential. These professionals navigate complex tax laws, conduct audits, and advise businesses on financial decisions, commanding high salaries due to their specialized skills and expertise. In India, CPAs earn up to Rs 8,00,000, while in the USA Indian CPAs can earn a minimum of $60, 000 (INR 50,00,000)

Other High Paying Accounting Jobs Are:

CMA: Certified Management Accountant

The CMA certification, awarded by the Institute of Management Accountants (IMA), emphasizes financial planning, analysis, and control. CMAs are instrumental in strategic financial decision-making within organizations. Their expertise in cost management, budgeting, and performance evaluation makes them highly sought after, leading to substantial salaries. CMAs often occupy roles such as financial managers, controllers, or management consultants, earning competitive compensation due to their strategic financial insights. The average salary for CMAs in India is 5-6 Lakhs PA.

CFA: Chartered Financial Analyst 

This designation, offered by the CFA Institute, focuses on investment analysis and portfolio management. CFAs are experts in assessing financial markets, managing investments, and analyzing investment risks. Their proficiency in financial modeling, asset valuation, and investment strategy makes them indispensable for investment firms, asset management companies, and financial advisory services. CFAs often secure high-paying roles as investment analysts, portfolio managers, or research analysts, commanding substantial salaries in the finance industry. The average salary of a CFA in India is around Rs. 9 lakhs PA. 

FRM: Financial Risk Managers

Financial Risk Managers, certified by the Global Association of Risk Professionals (GARP), specialize in identifying, assessing, and managing financial risks within organizations. FRMs are instrumental in risk mitigation, ensuring businesses navigate uncertainties effectively. Their expertise in areas such as credit risk, market risk, and operational risk positions them as essential assets in the banking, insurance, and corporate sectors. FRMs often work as risk analysts, risk managers, or compliance officers, earning high salaries due to their critical role in safeguarding financial stability. The average salary for FRMs in India is 4-6 Lakhs PA.

Emerging Opportunities in the Digital Era

In the digital age, accountants are not just number crunchers; they are data analysts, financial consultants, and technology experts. High-paying jobs now extend to areas such as forensic accounting, financial planning and analysis (FP&A), and management accounting. Furthermore, accountants proficient in business analytics and artificial intelligence (AI) are in high demand, contributing to the rise of FinTech companies and driving innovation in the finance sector.

Demand for Indian Accountants in the USA:

Highlighting the present shortage of accountants in the US, the Bureau of Labor Statistics projects a substantial 5.6% growth in accountants’ job openings from 2021 to 2031. This forecast underscores the urgency of nurturing a new generation of accounting professionals (CPA/CMA/CFA/FRM) to bridge the gap left by the retiring workforce.

At Miles Education, we offer a comprehensive and cutting-edge MAcc (Masters in Accounting) program that equips Indian accounting professionals with the knowledge, skills, and international exposure needed to excel in the US accounting landscape. A notable advantage of our MAcc program is that it allows Indian students to become eligible for employment in the US for a period of 3 years, broadening their horizons and opening up new opportunities on a global scale.

Conclusion:

In India, accounting experts like CPAs, CMAs, CFAs, or FRMs typically earn between 6-10 LPA, whereas in the United States, their earnings can reach up to $60,000, roughly 50 lakhs in Indian Rupees. This significant income highlights the robust demand for accountants, ensuring attractive pay and job security in both nations.

[workpermitz]

Is Post-Study Work Open The UK?

Graduation can seem far away when you're just getting started with your business schooltrack UK visa application. However, if you're an international student enrolling in business school in the UK, you're probably planning on staying in the country after graduation.

Traditionally, your ticket to working as an overseas graduate after business school was a post-study work visa (PSW Visa), contingent on being sponsored by your company. However, the UK government will establish the UK Graduate Route in July 2021.

The New 'Graduate' Route for UK Post-Study Work Visa

The (PSWV) Post Study Work Visa is a temporary india visa uk that permits overseas students to live, study, and work in any chosen post or career path after completing their school. This UK Post Study UK work visa route is open to everyone, including Indian students with immigration status in the UK. 

The Graduate Route is available to all students studying at a UK Higher Education Provider-approved institution. This measure is being taken in response to the UK's determination to retain the brightest students from around the world and to aid them in finding employment opportunities in the country.

With this statement, new fast-track Visa pathways are being established to retain science academics who are remaining in the country to do research. As a result, the removal restriction for students pursuing a Ph.D. degree has been transferred to the Skilled Worker Visa Route. 

This decision by the UK government to change the UK skilled worker visa up is taken to assist the UK in emerging as a famous centre in the field of science and technology, which can only be accomplished by promoting STEM courses (Science, Technology, Engineering, and Mathematics).

According to the Government of the United Kingdom website, roughly half of the students of Indian origin who have come to the UK in the last 10 years, or approximately 1, 30,000 since 2008/09, have selected a STEM study. 

Considering recent statistics, the number of students entering from India has increased dramatically during the last three years, hitting a high of 22,000 in June 2019. This was a massive 42% rise over the previous year's forecasts and a roughly 100% increase over the last three years.

Is Post-Study Work Open In The UK, And What Does It Allow?

The UK Post-study Work visas (PSW) have been closed to new applicants from outside the European Economic Area (EEA) since 2012.

However, the new visa categories are open for applications from non-EEA students who have been studying in the UK and wish to stay on to work.

The new visa categories are:

The Tier 5 (Youth Mobility Scheme) visa

The Tier 2 (General) visa

All international students studying in the UK for a graduate or master's degree will be granted two years of work experience in the UK under the Graduate route. Students who complete their PhD by the summer of 2021 might be able to work as well as stay in the UK for three years.

The Benefits of a Post-Study Work Visa for International Students:

 1. Allow To Practice for ELearning In The Workplace

PSW will provide students with a new avenue for applying their academic education in the industry and the ability to translate theoretical information into practical knowledge tasks.

2. Opportunity to Establish Your Own Business in the United Kingdom

Students with a PSW visa will be able to work for themselves. Students in the UK can launch their enterprises and hone their entrepreneurial talents.

3. Possibility of Gaining Job Experience

The PSW visa route will allow students to work full-time in any company, at any level, in the UK. It is an excellent opportunity to obtain job experience from organizations based in the United Kingdom. This could be a big revolutionary point in the student's professional profile, allowing them to enter the UK employment market and convert to another skilled UK work permit visa.

4. Full-Time Employment Rights

The PSW UK work visa for Indians will allow qualifying students to look and work for work at any level for two/three years after finishing their degrees. The student can make money and benefit from a profitable higher education return on investment.

5. Excellent Opportunity to Network with Potential Employers

Both students who focus on their goals and are ambitious can take advantage of this opportunity to interact with possible employers based on their career goals. Qualified candidates may find themselves in top positions at international companies.

6. Networking Opportunities with Professionals

During the work term, ambitious students can use the platform to expand their network, connect with professionals in their chosen industries, and improve their opportunities for future benefits.

7. Employers May Be Able To Offer Tier 2 Work Visas

When working on a PSW visa, the employer may offer a Tier 2 UK skilled worker visa if they have sponsorship rights. Graduates will also be able to apply for tier 2 visa UK or other skilled job visas at other companies in the UK.

8. Possibility of Gaining Transferable Skills

UK graduates will be able to work in their preferred industries or sectors, gaining transferable abilities such as effective communication, analytical skills, teamwork, leadership, decision-making, organization and planning, self-awareness, and other soft skills required to thrive in a profession.

9. The Ability to Return to a Student Visa Or Another Type

Graduates will be able to convert back to a student visa after their PSW visa, or they will be able to switch to otherUK visa types if they meet the eligibility criteria from within the UK.

10. Excellent Takeaway for the Country (Home)

The degree and work experience of the UK will be valuable takeaways for students who return to their home country. This is the place where employers will benefit from graduates' world-class knowledge and abilities, influencing advantages for them and the Government.

As a result, the Graduate Immigration route's Post Study Work (PSW) work visa will open numerous doors for overseas students to the UK, a top higher education destination and prosperous commercial centre of the world. The UK government welcomes international students to take advantage of this Graduate path.

[sla-roni]

What Would Be The Future Scope of Data Science and Data Scientist

Data has emerged as the new oil that aids in advancing companies, ranking among the most important resources for businesses. Organizations are becoming more aware of the value of making data-driven choices across a variety of industries, including healthcare, finance, and pharmaceuticals. The field of data science and related occupations are quickly gaining popularity in India as part of an effort to create several data-harnessing techniques. This article will provide a thorough analysis of the need for data scientists in India and how that demand is anticipated to increase going forward.

Indian data science market size

Data is sometimes referred to as the future oil for organizations, and analytics has developed into an engine that drives companies to derive important insights. The future application of data science is being driven by the potent mix of both. 

The necessity to use this vast quantity of data and the tremendous inflow of data have combined to create a significant employment market in data science. The Harvard Business Review named data science as "one of the hottest careers in 2021," opening up a whole new range of employment opportunities. There is room for massive data-related activities like data scientists, data analytics, big data engineers, big data managers, and data architects, particularly in a growing nation like India.

India has a high demand for data scientists.

Over the past several years, being a data scientist has been a profitable professional path. Other variables have boosted the demand for data scientists in India, in addition to the growing relevance of data and the need to refine it.

Covid-19 Pandemic: 

When Covid-19 swept throughout India, most procedures started taking place online. As everything was done online, a tonne of data was produced as a result of these operations, which spurred the development of data scientists in India. Massive data sets must be analyzed for a thorough understanding due to the recent increases in e-commerce platforms, online transactions, and the number of students choosing online courses. In turn, this has expanded the potential of data science in India.

Low Entry Barrier

Due to the fact that this business is more recent, professionals there face less rivalry. A career in data science is open to professionals with a variety of backgrounds, including computer science, engineering, natural science, mathematics, and statistics. All you need to succeed as a data scientist is a technique for addressing problems and solid programming skills, both of which you can learn on the job.

Good Salary

Recognize that the majority of us long for a job that combines acceptable income with an appealing job description. These days, jobs in data science are among the highest paying ones. The usual salary for a data scientist is between INR 600,000 and 700,000, and this goes for new hires as well. 

How to find a data science job in India?

Let's first learn about the qualifications needed to become a data scientist before diving into how to find a job in data science in India. Some of the key data science abilities include the following:

Competent in SAS, R, and Python

Good at math and statistics

Thorough familiarity with methods like logistic regression and linear regression

Strong communication abilities

Good at knowing the business

Knowledge of Excel

Even fresh grads might receive attractive job offers if they demonstrate a good body of work, such as a well-made portfolio. This comprises a professionally written résumé with any pertinent experience, education, and, if applicable, project information.

How to write a CV for a job in data science

While having knowledge is helpful, having a degree in the same subject improves your skill set. Try to secure a data science internship as a newcomer or someone just getting started in this profession, even if it is unpaid. An internship's objective is to get practical experience working on connected tasks.

Moreover, you may include the pertinent GitHub link on LinkedIn. Also, taking part in different online competitions will aid in increasing exposure to the industry. Employers could take note of your learning and technical comprehension as a result of all these efforts.

Participate in regional data science meetings that are frequently held in major cities like New Delhi, Pune, Bangalore, Chennai, and others to expand your professional network. Having a larger network of contacts in the same or a related field can make it easier for you to contact employers right away.

How to Find a Data Scientist Job

Learn Mathematics

Strong computational skills might set you apart from the competition. Calculus and algebra are useful since they are employed in deep learning and machine learning. Having a thorough grasp of statistics and probability facilitates the ability to evaluate and display data to get insights.

Understand the Fundamentals

Building and implementing machine learning models is essential to have a thorough grasp of data science. Various organizations offer free practical training.

Learn How to Program

Learning popular programming languages for data science, such SAS, Python, JavaScript, Hadoop, and R, will put you ahead of the competition since you'll be able to finish your task quickly with just a few lines of code.

Explore the Data Science Field

As a dedicated data science enthusiast, you must participate in various online competitions and supervised hackathons to hone the skill of turning unstructured data into useful insights. Top data science businesses provide a lot of momentum to work that is published on GitHub under directed oversight.

Find what is best for your career by reading this blog that entitled as “What Would Be The Future Scope of Data Science and Data Scientist”

Future Prospects of Data Scientists

Data is providing a wealth of opportunities for data scientists in all public and private sectors worldwide. We will now explore the industries where employment in data science might be produced in 2023.

Healthcare

To monitor patient health, analyze illness trends, and prevent sickness, data science is essential in the healthcare industry. Data engineers are needed in the healthcare sector so that automated systems may be created for the processing of complicated data in clinical applications. The use of data science in the healthcare industry has made it possible to provide better patient care, quicker and more accurate diagnosis, preventative measures, more tailored treatment, and more informed decision-making. Jobs in data science will grow significantly in the future due to its high relevance. It will substantially generate 20,000 new employment in the healthcare sector by 2023.

Aviation and Airlines

Companies in the aviation and airline sectors utilize data to set their rates, optimize their routes, and perform preventative maintenance. To gather and evaluate the airline's data, such as route length and altitude, aircraft type and weight, weather, etc., data scientists are required. It will be simple to improve the services offered to passengers by having a better understanding of how they operate via the use of data science. In 2023, this sector will add about 3,000 new jobs for data scientists.

Cybersecurity

Online purchases and Internet usage are on the rise, and so are fraudulent activities. To stop losses and identify such fraudulent acts, businesses are implementing Data Science tools. It provides a methodical approach to identifying malicious attacks on digital infrastructure. To comprehend data patterns and develop powerful algorithms to secure the data, it also uses machine learning technology. Large volumes of data are managed and the best solutions are found with the aid of data scientists. Data scientists will be more in demand in 2023 as more than 5,000 new jobs are added.

Genomics

The study of genomes is known as genomics. A genome is an entity made up of all of the DNA. To better effectively examine the sequencing, function, mapping, structure, and evolution of genomes, scientists are now using data science tools. Soon, it will result in revolutionary improvements in the medical sciences. In the end, it would result in the addition of additional employment in the Data Science sector in 2023.

Automotive

We would be dealing with autonomous, environmentally friendly cars using the highways by 2023. A significant need for Data Science specialists would exist for the production of such autonomous cars. In the year 2023, up to 25,000 skilled workers in the field of data science are expected to find employment in the automobile sector.

Software Development

Software development is where data science is most frequently used. Machine learning and data science are used by industries to create automated software development solutions. Thus, there is a high need for Data Science candidates in this sector. Indeed projects that by 2023, there will be 1 lakh more positions in the field of data science.

eCommerce

The e-commerce sector makes use of client data to enhance customer service and the user experience. Businesses require Data Science experts to manage user data. There are over 273,000 online retailers operating in the world. This indicates that in 2023, this sector would provide a significant amount of employment in the field of data science.

Careers in Data Science

If you have knowledge in data science, you can discover a variety of jobs that will help you develop in your career. In addition to the position of data scientist, several other professional categories are also available.

Data Analyst: By analyzing data with the use of data analysis technology, data analysts collaborate with their teams to develop business plans and insights.

Data Engineer: Data engineers offer an ordered, uniform data flow, which enables data-driven models such as machine learning models and data analysis.

Machine Learning Engineer: You will be tasked with developing the models and algorithms required for automated machine operation in your capacity as a machine learning engineer.

Business Analyst: By applying data analysis, business analysts assist organizations in improving their processes, goods, services, and software.

Data Architect: A data architect is a professional who creates the data strategy for the company, which includes data security, data quality standards, and data flow across the organization.

Data Administrator: The person in charge of using, managing, coordinating, and administering the database management system is known as a database administrator (DBA).

Data Manager: A data manager employs coding abilities to keep databases secure while assessing the demands of the company or research group.

Marketing Analyst: They research to ascertain the needs and preferences of consumers and evaluate the effectiveness of a company's marketing and sales strategy.

Data Scientist's Salaries in India

The names of the top Indian corporations are listed below, together with the usual base pay that each of them offers:

TCS: 652,075 per year

Mahindra: 873,057 per year

IBM: 1,067,758 per year

INR837,251/year for Infosys

Capgemini India Pvt Ltd: 950,000 INR per year

Conclusion

Several cutting-edge technological ideas, like Artificial Intelligence, the Internet of Things, and deep learning, to mention a few, are included in data science. Data science has become significantly more influential as a result of advancements in technology. Enroll in the Top Data Science Course in Chennai at SLA to learn how to attain your professional objective.

[maacwanowrie]

Five key trends are propelling the animation technology sector's expansion.

Displaying successive photographs of motionless objects results in animation, a type of optical illusion. Simply put, it is the movement of cartoons or pictures made up of a collection of images that are displayed one after the other. Since the word "animation" derives from the Latin word "Anima," which means "soul," an animator's job is to give his character life. If you are an artist and wish to see your work on a big screen, Visual Effects aka VFX courses in Pune is a good career option for you. 

 In addition to movies and internet streaming, Indian television is the primary audience for animated entertainment created in India. The production and consumption of animated movies have expanded recently because to cutting-edge methods like computer graphics imagery. The steady increasing pattern can also be compared to the rapid rise of the internet and the most current Covid-19 outbreak. The need for fresh content increased as people were forced to stay at home due to the epidemic, and the animation industry responded by producing some top-notch entertainment. The value of India's animation and visual effects market was predicted to reach at 83 billion Indian rupees in 2021. According to statistics for 2024, the industry will have grown by 29 percent, with a valuation of 180 billion Indian rupees. Here are five key aspects driving the animation technology sector forward:

 Mix of 2D and 3D

The animation film industry is currently being shaped by 2D and 3D mixing, which blends various forms of photography, graphics, and animation. This approach is widely employed in animated films, full-length and television animation, as well as television advertisements and social media material since it appeals to a wide range of target moviegoers. Many motion designers combine them because it creates a distinctive look and raises viewer interest at the same time. Both high-budget commercial videos and low-budget digital commercials employ this tactic.

 3D animations are used

Any animation can look more realistic and practical by utilising 3D graphics. An increasingly complex 3D animation aims for straightforward forms and colours. 2022's 3D craze is spherical shapes in strikingly different colours. The result is not only artistically attractive but also inventiveness at its best. For many, it also brings back memories since it is a great example of 2D motion graphic animation.

 Morphing

In 2022, the idea of characters, logos, images, and other movie elements morphing is becoming more popular. It is a switchover effect that is used to smoothly change one image or shape into another in movies and animations. It draws our attention and persuades us to stay and watch the effect all the way through by acting as a visual magnet. This technique works especially well for website animation since it keeps visitors' eyes on the page and encourages further browsing. As a result, it also helps with search engine optimization since Google favours websites that draw users in and keep them interacting for longer than is typical.

 Interactive VR

High-speed internet has led to the widespread adoption of emerging technologies like augmented reality (AR) and virtual reality (VR), which have developed into crucial tools for producing excellent animations. Using virtual reality, animators can create and recreate fanciful environments that mimic visions and come across objects that don't match reality. Animations created as a result are unique in their sort and appealing to both kids and adults. Virtual reality animation has a wide range of applications and can be used in media outlets and educational programmes all around the world.

 Anthropomorphism

An additional wonderful animation effect that has been around since the advent of television and cartoons is anthropomorphism. It requires creating non-human figures with traits like those of living beings. A notable example is the movie "Automobiles," which incorporates anthropomorphism throughout and imagines what life could be like if cars could talk. The fact that the movie gives inanimate objects like cars emotions like being hurt, thirsty, or hungry is another noteworthy feature.

 Conclusion

India is steadily developing into a hub for animation and visual effects due to its enormous workforce, low production costs, and advantages such as talented English-speaking software engineers and a wealth of artistic talent. The creation, distribution, and monetization of content will thus be significantly changed by the New Media wave of animation. Even the field of VFX and animation education has seen remarkable expansion, and India will soon be recognised for the creation of new institutions that provide degrees in these fields to interested students.

[ilam-india]

MBA Logistics and Supply Chain Management Mumbai

MBA Logistics and Supply Chain Management is a 2 year Post Graduation program designed to give candidates a generous head start on the career ladder and incorporates both theory and practice. The program covers a wide range of topics, including business strategy, logistics planning, supply chain management, inventory management, and distribution networks. Students learn how to identify and solve problems in the supply chain, identify potential risks and vulnerabilities, and develop effective responses.

The MBA in Logistics and Supply Chain Management Mumbai explains the strategic and operational role logistics and supply chain plays in the global business environment, with an emphasis on domestic and international logistics system as it relates to sourcing, operations management materials management, and warehousing and distribution or last-mile delivery operations.

Mumbai is the financial capital of India hence Candidates from all over the country strive to get admission to many renowned Business Schools in Mumbai. ILAM India and ICRI India offer one the best MBA in Logistics and Supply Chain Management, Mumbai with world-class infrastructure and curriculum.

https://www.ilamindia.in/mba-in-logistics-supply-chain-management.php

The logistics industry has multiple roles and opportunities in Mumbai, spanning from operations to client servicing to sales and engagement. Some of them are Logistics Executive, Assistant manager logistics, Head logistics, Warehouse and logistics manager, Logistics officer, and Transport manager.

Supply chain & Logistics Industry In India

* In the financial year 2021, the size of the Indian logistics market was around 250 billion U.S. dollars. It was estimated that this market would grow to 390 billion dollars in 2030, at a compound annual growth rate between 10 to 12 percent.

* The sector employs around 22 million people. It is expected to create another 1.2 million jobs by 2025, 38% in road freight while the remaining are in passenger railways, freight forwarding, warehousing, packaging, and other services.

* The government’s focus on infrastructure development, FDI reform, and the implementation of the Goods and Services Tax (GST) are some of the key drivers of growth in the sector.

Course Duration & Eligibility

MBA in Logistics and Supply Chain Management is a 2-year Post graduation program that requires candidates who are graduates with 50% in Commerce, Statistics, Maths, Science, and Economics.

Admission Procedure

To apply for MBA in Logistics and Supply Chain Management, the Candidate should Fill out an online application form & appear for the entrance exam or drop a mail for more details at info@icriindia.com, and our counselor will contact you.

[ourjobagency]

Trends in Indian Job Market

Though there is a steady Month over Month recovery in the Indian job market, there is still the pandemic effect on its YOY growth.https://ourjobagency.com/trends-in-indian-job-market-in-2021/

[newstfionline]

Wednesday, February 24, 2021

First Arctic Navigation in February (Bloomberg) A tanker sailed through Arctic sea ice in February for the first time, the latest sign of how quickly the pace of climate change is accelerating in the Earth’s northernmost regions. The Christophe de Margerie was accompanied by the nuclear-powered 50 Let Pobedy icebreaker as it sailed back to Russia this month after carrying liquified natural gas to China through the Northern Sea Route in January. Both trips broke navigation records. The experimental voyage happened after a year of extraordinarily warm conditions in the Arctic that have sent shockwaves across the world, from the snowstorm that blanketed Spain in January to the blast of cold air that swept through Canada in mid-February, moving deep into the South as far as Texas. The Arctic is warming more than twice as quickly as the rest of the world and the area covered by ice there has reached historic lows multiple times over the past 12 months. The melting in the region is already in line with the worst-case climate scenarios outlined by scientists.

Biden mourns 500,000 dead, balancing nation’s grief and hope (AP) With sunset remarks and a national moment of silence, President Joe Biden on Monday confronted head-on the country’s once-unimaginable loss—half a million Americans in the COVID-19 pandemic—as he tried to strike a balance between mourning and hope. “We often hear people described as ordinary Americans. There’s no such thing,” he said Monday evening. “There’s nothing ordinary about them. The people we lost were extraordinary.” The president, who lost his first wife and baby daughter in a car collision and later an adult son to brain cancer, leavened the grief with a message of hope. “This nation will smile again. This nation will know sunny days again. This nation will know joy again. And as we do, we’ll remember each person we’ve lost, the lives they lived, the loved ones they left behind.” He said, “We have to resist becoming numb to the sorrow. We have to resist viewing each life as a statistic or a blur or, on the news. We must do so to honor the dead. But, equally important, to care for the living.”

Texans Needed Food and Comfort After a Brutal Storm. As Usual, They Found It at H-E-B. (NYT) The past week had been a nightmare. A winter storm, one of the worst to hit Texas in a generation, robbed Lanita Generous of power, heat and water in her home. The food she had stored in her refrigerator and freezer had spoiled. She was down to her final five bottles of water. But on Sunday, as the sun shined and ice thawed in Austin, Ms. Generous did the same thing as many Texans in urgent need of food, water and a sense of normalcy: She went to H-E-B. “They’ve been great,” she said, adding with just a touch of hyperbole: “If it hadn’t been for the bread and peanut butter, I would have died in my apartment.” H-E-B is a grocery store chain. But it is also more than that. People buy T-shirts that say “H-E-B for President,” and they post videos to TikTok declaring their love, like the woman clutching a small bouquet of flowers handed to her by an employee: “I wish I had a boyfriend like H-E-B. Always there. Gives me flowers. Feeds me.” For many Texans, H-E-B reflected the ways the state’s maverick spirit can flourish: reliable for routine visits but particularly in a time of disaster, and a belief that the family-owned chain—with a vast majority of its more than 340 locations inside state lines—has made a conscious choice to stay rooted to the idea of being a good neighbor. “It’s like H-E-B is the moral center of Texas,” said Stephen Harrigan, a novelist and journalist who lives in Austin. “There seems to be in our state a lack of real leadership, a lack of real efficiency, on the political level. But on the business level, when it comes to a grocery store, all of those things are in place.”

Hunger in Central America skyrockets, U.N. agency says (Reuters) The number of people going hungry in El Salvador, Guatemala, Honduras and Nicaragua has nearly quadrupled in the last two years, the United Nations said on Tuesday, as Central America has been battered by an economic crisis. New data released by the UN’s World Food Program (WFP) showed nearly 8 million people across the four countries are experiencing hunger this year, up from 2.2 million in 2018. “The COVID-19-induced economic crisis had already put food on the market shelves out of reach for the most vulnerable people when the twin hurricanes Eta and Iota battered them further,” Miguel Barreto, WFP Regional Director for Latin America and the Caribbean, said in a statement.

Prison riots in Ecuador leave 62 dead (AP) Sixty-two inmates have died in riots at prisons in three cities in Ecuador as a result of fights between rival gangs and an escape attempt, authorities said Tuesday. Prisons Director Edmundo Moncayo said in a news conference that 800 police offices have been helping to regain control of the facilities. Hundreds of officers from tactical units had been deployed since the clashes broke out late Monday. Moncayo said that two groups were trying to gain “criminal leadership within the detention centers” and that the clashes were precipitated by a search for weapons carried out Monday by police officers.

Mount Etna eruption lights up Sicily's night sky (BBC) Mount Etna is erupting again, and its hot lava fountains are illuminating the Sicilian sky. The eruption began earlier this week, and Etna has since been spewing massive orange plumes of smoke and thick clouds of ash. Etna is Europe's most active volcano, and it erupts relatively often. The last major eruption was in 1992. Its eruptions have rarely caused damage or injury in recent decades - and officials believe this eruption is no exception. Stefano Branco, the head of the National Institute for Geophysics and Volcanology (INGV) in the nearby city of Catania, told Italian news agency AGI earlier this week: "We've seen worse."

Cow science (Foreign Policy) A new national exam on cows developed by the Indian government-backed National Cow Commission has been shelved following controversy over its less-than-scientific contents. The curriculum for the test involved erroneous claims about the virtues of Indian cows that were widely ridiculed by the country’s scientific community. Among the “facts” on display: That Indian cows have a special “solar pulse” in their humps which can supposedly convert sun rays into vitamin D that is then passed on to milk, and an assertion that Indian cows are “strong” whereas foreign cows are “lazy.” The issue of cows, considered sacred by Hindus, and their treatment has become even more of a cultural wedge issue in India following the rise of Prime Minister Narendra Modi’s Hindu nationalist government, with sometimes deadly results. Attacks by vigilante “cow protection” groups killed 44 people between 2015 and 2018 according to Human Rights Watch, with Muslims among the majority of those targeted.

Japan creates Minister of Loneliness to fight COVID-19 suicides (New York Post) Japan just appointed a Minister of Loneliness—to try to combat its exploding suicide rate amid COVID-19. Japanese Prime Minister Yoshihide Suga named Tetsushi Sakamoto, a cabinet member already trying to beef up the depressed country’s birthrate, to the post. Suga noted earlier this month that Japanese women, in particular, have been struggling with depression since the coronavirus pandemic began about a year ago—with nearly 880 female suicide victims in the country alone in October, a 70 percent increase over the year before, the BBC reported. Japanese suicide expert Michiko Ueda told the BBC that part of the problem involves an increasing number of single women in the country who don’t have stable employment. “A lot of women are not married anymore,” she said. “They have to support their own lives, and they don’t have permanent jobs.”

Facebook Strikes Deal to Restore News Sharing in Australia (NYT) Facebook said on Monday that it would restore the sharing and viewing of news links in Australia after gaining more time to negotiate over a proposed law that would require it to pay for news content that appears on its site. The social network had blocked news links in Australia last week as the new law neared passage. The legislation includes a code of conduct that would allow media companies to bargain individually or collectively with digital platforms over the value of their news content. Facebook had vigorously objected to the code, which would curb its power and drive up its spending for content, as well as setting a precedent for other governments to follow. The company had argued that news would not be worth the hassle in Australia if the bill became law. But on Monday, Facebook returned to the negotiating table after the Australian government granted a few minor concessions.

U.S.-Saudi ties (Foreign Policy) The families of the three U.S. service members killed and 13 others injured by Mohammed Alshamrani, a Saudi airman who went on a shooting spree at Naval Air Station Pensacola in 2019, are suing Saudi Arabia’s government, alleging that the kingdom failed to screen him appropriately before sending him to the United States for training. The families are filing the lawsuit against Saudi Arabia based on a 2016 law that allows U.S. citizens to sue foreign governments over terrorist attacks—legislation that was initially passed in order to allow the families of 9/11 victims to bring a civil suit against Saudi Arabia.

Italian Ambassador Among Three Killed in Attack on U.N. Convoy in Congo (NYT) For Luca Attanasio, Italy’s ambassador to the Democratic Republic of Congo, humanitarian work was at the core of his mission. The 43-year-old had moved with his wife to the capital, Kinshasa, in 2017, where their family grew to include three young daughters. He rose to the rank of ambassador in 2019, the pinnacle of his diplomatic career. On Monday, Mr. Attanasio was among three people killed in an attack on a humanitarian convoy near the city of Goma, the World Food Program and Italy’s Foreign Ministry said, the latest in a wave of violence in that part of the central African nation. The deaths of Mr. Attanasio; an Italian Embassy official, named by the Foreign Ministry as Vittorio Iacovacci; and Mustapha Milambo, a driver for the World Food Program, have rattled the international diplomatic community and drawn condemnation from across the globe.

Flood damage and insurance (NPR) Right now, over 4 million houses and small apartments in the contiguous United States are at substantial risk of expensive flood damage, and the cost of flood damage to homes will increase by 50 percent over the next 30 years according to the First Street Foundation. As the climate changes, places that were perfectly safe to live in will no longer be as sure of bets as they once were, and the costs are about to be a serious reality check. The National Flood Insurance Program is $36 billion in debt because of underestimated risks. Over the next several years, FEMA plans to raise rates up to 18 percent a year until prices are accurate, starting this October.

[drsunilposhakwale]

Covid-19 and the challenges to the Indian economy

Bhaskar Mukherjee and Prof Sunil Poshakwale

The Indian economy is expected to get a hammer blow from the effect of Covid-19. While an economic contraction is inevitable, it is very challenging to estimate the level, given the uncertainty of how long the pandemic persists. Reliable data is hard to come by and the challenge is magnified in these unprecedented times due to the effects of the lockdown. Even where data is available, its application to compute Gross Value Added GDP using simulation models may be rendered statistically irrelevant because of the staggering range of the variation. While one hopes that the government has the resources to compute the numbers in a dynamic context, there has not been any substantive press releases with such details. Most of the reporting has thus been reliant on Investment Banking Reports with the inherent strengths and weaknesses of the simulation models they have used for sectoral GDP calculation. As these are mostly proprietary, they are not available for public scrutiny and without their analysis one can hardly comment on the accuracy of such forecasts. However, conclusions when published are used in India’s noisy and highly polarized politics to further political positions. They are reported in mainstream television media with headline grabbing bombast accompanied with selective usage of footage from real life stories that can be found to buttress as many points as there are humans. All this justifiably causes a great deal the angst amongst the populace about “what if” their predictions are real? During such times of crisis, data-driven analysis should be the only way to assess the extent of the disaster as it is unfolding. It is precisely because of these reasons the authors have adopted a simple Do It Yourself (DIY) methodology to work out estimates of what might happen in each constituent sector of the economy. The emphasis is to ensure that the assumptions are clearly stated and documented so that subsequent revisions can be effected, once more data is available.

The Lockdown in the Indian Economy was declared on March 25, 2020 when the financial year 2019-2020 was nearly over. As the Financial Year (FY) for the Indian Economy starts from April 1, its impact is mainly going to affect the FY 2020-2021. Most of the 2nd quarter of Calendar Year (CY) 2020 (or 1Q of FY 2020-2021) is going to be lost with a cliff-edge drop impact on the GDP. For purposes of simplicity, the authors have considered zero revenue for impacted sectors. Thereafter while several sectors will take many quarters to recover others should be able to pick up the threads unless the pandemic runs amuck causing disastrous levels of death. Given in the following is a construct of the Gross Value Added (GVA) measure of the Indian Economy by considering a sectoral drop percentage in various constituent sectors.

●      For the Trade, Repair, Hotels, Tourism and Restaurants sectors, a change factor of 0.5 or 50% has been considered with the GVA drop being 50%.

●      Electricity, gas, water and utilities have been considered at 100% representative or minimal impact.

●      With transport starting to operate, change in transport is considered at a factor of 0.75, with GVA drop being 25%.

●      While agriculture is not expected to be impacted severely there is a lot of loss of value due to the lockdown, considered at a GVA drop of 20%.

While these are armchair affixed factors, within the macroeconomist’s discipline these should and would be based on statistically determined sectoral simulations. The big-ticket conclusions from the given armchair exercise on the effect of a full 3 month lockdown from April to June on an annualized FY 2020-2021 basis, are the following:

The table below lays out the details of calculation behind the aforesaid numbers:

Source: Base Line GDP 2019-2020 constructed based on GDP growth % applied to data gathered from : http://statisticstimes.com/economy/sectorwise-gdp-contribution-of-india.php. INR = 0.01402 US$

It is revealing to compare these estimates to the professional estimates prepared by global financial giants such as Goldman Sachs1, Nomura2 and HSBC3.

Goldman Sachs:

Goldman Sachs predicts the Indian economy will shrink by 45% on an annualized basis this quarter, and suffer its most severe recession since 1979 this fiscal year, as the coronavirus pandemic wreaks havoc on many of its industries. Their   latest quarterly growth forecast, detailed in a May 17 note, is significantly worse than its previous estimate of a 20% decline. On the positive side, its economists expect the Indian economy to rebound 20% in the third quarter, compared to the current quarter. They then anticipate 14% growth in the fourth quarter and 6.5% growth in the first quarter of 2021.

Goldman Sachs’ estimate applied to the authors’ baseline results in the following:

GDP Drop: 31%           Value: US$ 730 Billion

Nomura:

India’s real gross domestic product growth is likely to contract 5.2 percent in the financial year ending March 2021, which loweres its economic outlook amidst an extended lockdown. That is against a contraction of 0.4 percent projected earlier. “We now expect year-on-year growth to remain negative for three consecutive quarters — with growth faltering to 1.5 percent in Q1 (January-March) before plunging to -14.5 percent in Q2 (April-June), and then weakly recovering to -6.0 percent in Q3 (July-September) and -1.5 percent in Q4 (October-December),” the research house said in a statement.

Nomura’s estimate applied to the authors’ baseline results in the following:

GDP Drop: 5.2%          Value: US$ 121Billion

HSBC:

HSBC’s forecast on GDP decline is not available as yet.

The authors sincerely hope that neither theirs nor Goldman Sachs’ estimates come to fruition. While a deep recession spares no one, it is unspeakably hard on the poor and working classes with little savings and reliant on day to day work for earnings. Below Poverty Line (BPL) population in India was approximately 22% of the population in 2012. It is expected that loss of millions of jobs as a result of the economic contraction is going to increase this number substantively. These are some of the most vulnerable sections of the society mainly from the eastern states of Bihar, UP, Orissa and Bengal (including illegal immigrants from Bangladesh). With employment opportunities mainly concentrated in the Western and Southern states of India, a large number of BPL families travel to these states to take up employment as unskilled and semi-skilled labour in sectors such as construction, quarrying, textiles, jewellery making, hospitality and tourism, to name a few. With hardly any leverage in an oversupplied labour market they continue to remain the most vulnerable and exploited. Since the start of the lockdown, pitiable images of these migrant workers in Delhi, Mumbai, Ahmedabad, Surat have drawn the attention of the world. Due to the cliff-edge drop in economic activity in the earlier named sectors, they have mostly remained unpaid since the start of the lockdown in India from end-March by unscrupulous private sector employers and contractors. On average their earnings are estimated at around Rs 10,000 per worker, a month.

Only recently since early May the government has organized migrant special trains to transport this restive population back to their hometowns and/or to their extended families. As they now return, by end of May their unpaid wages would total 3 months or a full quarter due to no fault of theirs. At a very conservative estimate, they could number up to a fifth of India’s labour force of over 500 Million at 100 Million. These workers potentially support family members numbering between 200 to 400 Million or more. A resurgence in the Indian Economy can only happen if India’s migrant labour are nursed, rehabilitated and motivated to join the rebuilding effort. In line with Pandit Deendayal Upadhyay’s principle of Integral Humanism the authors lay a case to propose the provision of a special one time grant, to rehabilitate these affected millions. A modest grant of ₹10,000 per month for 3 months for 100 million workers is going to cost ₹ 3 lakh crores or US$ 42 billion.

While naysayers will be quick to criticize this as a wasteful “dole” one should also consider it from a humanist prism as a stabilization cost for the society. An unstable society is on a slippery slope of breakdown of law and order. The academic underpinnings of the proposal are anchored in John Maynard Keynes’s Macroeconomic Policy. Keynesian intervention has been successfully used in the past to overcome the 1930’s depression. Fundamentally the macroeconomic equation at any present moment is considered as balance between Aggregate Demand (comprising consumption and investment) and Aggregate Supply (comprising wages, rents, interest and profits).  Keynesian macroeconomic policy stipulates that in unprecedented deep recessions boosting the Demand Side of the macroeconomic equation is the only way to kick start the economy.

Given below are adjacently placed  tables of Fiscal Stimuli and GDP by Country extracted from the website Statista4. Based on the same, the authors have compiled a table of gross value of fiscal stimulus in US$. Out of all G20 countries, Japan has passed the largest fiscal stimulus package that amounts to about 21.1 percent of its gross domestic product (GDP). This package amounts to about 117.1 trillion Yen (1 Trillion US$), and consists of delivering universal cash handouts of ¥100,000 (approximately US$ 930) to every individual in Japan, comprising 126 million people. The USA has also a high fiscal intervention percentage as they did during the 2008 subprime housing-related Economic Crisis.

The Indian government has recently announced a comprehensive stimulus package of ₹20 lakh crore (or 20 trillion) worth approximately $280 Billion Dollars at an old exchange rate of 71.3, estimated to be 10% of GDP. These are a combination of fiscal, monetary and macro-financial measures5.  

The key elements of the fiscal package  (3.5%) captured in the earlier table are the following:

·       In-kind (food; cooking gas) and cash transfers to lower-income households

·       Insurance coverage for workers in the healthcare sector

·       Financial sector measures for Micro Small Medium Enterprises (MSME) and Non Banking Finance Companies (NBFC)

·       Concessional credit to farmers, as well as a credit facility for street vendors and an expansion of food provision for migrant workers.

The monetary and macro-financial measures are structural in nature mainly comprising of regulatory, liquidity and policy amendments pertaining to RBI. One of the excellent policy decisions of the government is in amending legislation to give freedom to farmers to sell their produce anywhere. The new model Agricultural Produce Market Committee (APMC) Act7 proposes to do away with the concept of notified market area and allow the aforesaid measure. “Over time” such a policy decision is going to lead to increased agricultural revenue and even allow India to emerge as a force to reckon with in international markets as farm based value additive agro-units emerge to take advantage of this supply flexibility. There is a tremendous value and demand for Indian agro-produce such as seasonal fruits and vegetables, amongst the Indian diaspora, but mechanisms for their reliable and assured supply is required. Structural changes however strategic in nature, affect the supply side macroeconomic equation and usually take time to create an impact.

There is a legitimate question in the minds of people as to how the government is going to fund the stimulus even if it is just a medium term (4 year) loan, without controlling runaway inflation. The following is the Debt Status of the top 100 debtors in India (based on their 2019 balance sheet) accessed from Money Control6. Analysis of this suggests that public deposits more than adequately cover outstanding debt:

Banking and Finance Sector Debt actually comprises Public deposits held by these financial institutions. Presuming that the Reserve Bank has done its job professionally regarding oversight on the quantum of advances lent by banks, public deposits more than adequately cover outstanding debt. It also explains how the government can work on a stimulus using public funds. The government also has various other policy tools such as easing controls on the level of deficit financing and external borrowings to name a couple, which it has been reticent so far in using. The fear has always been about the decline in value of the Rupee and its adverse impact in funding oil imports, but at a time when every country in the world has thrown such caution to the wind and oil prices are at an historic low, there is a compelling case for more direct fiscal stimulus in the form of direct benefit transfer to India’s migrant labour and daily wagers to kick start the Demand side of the macroeconomic equation. Economic policy to alleviate the immediate effects of Covid 19 needs to be tactical to stabilize society. Strategy has a long term horizon in terms of yield of aspired results. A fine balance of both approaches should serve India well in the times to come. 

The present government has displayed commendable commitment to the highest levels of humanism by initiating the lockdown and thus effectively containing a runaway spread of the pandemic. As preparations are made to restart the economy after the effects of the lockdown, stimulating the demand side of the economy is the need of the hour. Augmenting the already announced fiscal measures by providing succour to India’s itinerant labour with an additional one time distress grant, will enable them to have a fresh start once the economy opens up again. Industry and Businesses also need to share responsibility towards minimising labour migration by offering them food supplies and a minimum allowance to meet their monthly expense. While the mechanism of identification of the recipients of such a benefit is a technical challenge in its own right and merits an in-depth assessment, this is perhaps one policy that will have wide political consensus in the otherwise fractured polity of India.

 References:

https://www.businessinsider.com/goldman-sachs-india-economy-recession-gdp-decline-45-percent-q2-2020-5?r=US&IR=T

Read     more at: https://www.bloombergquint.com/economy-finance/indias-gdp-growth-likely-to-contract-52-in-fy21-says-nomura     Copyright ©     BloombergQuint

HSBC Global Research’s -India-Covid     Impact in charts, authored by Ms.Pranjul Bhandari et al.  dated April 30, 2020

https://www.statista.com/statistics/1107572/covid-19-value-g20-stimulus-packages-share-gdp/#statisticContainer.

https://www.imf.org/en/Topics/imf-and-covid19/Policy-Responses-to-COVID-19#I

https://www.moneycontrol.com/promo/mc_interstitial_dfp.php?size=1280x540

https://economictimes.indiatimes.com/markets/stocks/news/new-act-may-give-freedom-to-farmers-to-sell-anywhere/articleshow/58025600.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

 About the Authors:

Bhaskar Mukherjee is a Chemical Engineer with over 34 years’ experience in the Oil, Gas and Chemicals Business, based in UK.

Dr Sunil Poshakwale is Professor of International Finance, School of Management, Cranfield University, England.  

[milescpareview]

Accountant Jobs in the USA for Indians

In the ever-evolving economic landscape, pursuing a career in accounting presents promising prospects and stability. For individuals contemplating a career shift or those enthusiastic about accounting, the United States offers a wealth of opportunities. This blog explores the reasons why accountant jobs in the USA are an excellent choice for career development, examining aspects such as job prospects, salary potential, and the significance of pursuing a Master in Accounting (MAcc) program with Miles Education.

US Accounting Jobs: A Landscape of Opportunities

Often termed the "language of business," accounting remains a crucial aspect of commerce. The United States, boasting a diverse economy, provides abundant opportunities for accountants. From multinational corporations to small businesses, and government agencies to non-profit organizations, the demand for skilled accounting professionals continues to grow.

Accountants play a pivotal role in organizational financial health, managing finances, ensuring tax law compliance, and offering invaluable insights through financial analysis. This multifaceted role positions accountants as indispensable assets in the business world.

Accounting Career in the USA: Key Highlights

Job Security: Accountants remain in constant demand across various sectors, providing a defining feature of job security in this profession.

Competitive Salaries: Accounting salaries in the USA are highly competitive. According to the U.S. Bureau of Labor Statistics, the median annual wage for accountants and auditors in May 2021 was $77,250, significantly surpassing the national average.

Diverse Opportunities: Accounting offers diverse career paths, allowing specialization in areas such as tax accounting, forensic accounting, audit, financial analysis, or management accounting.

Career Progression: With the right qualifications and experience, accountants have clear paths for career advancement, reaching prestigious roles like Chief Financial Officer (CFO) or Certified Public Accountant (CPA).

Working in the USA: The Miles MAcc Program

The Master of Accounting (MAcc) program presents a notable educational opportunity for aspiring accountants aiming to launch their career in the USA. This program is designed to equip students with the knowledge and skills needed to excel in the ever-changing accounting landscape.

Key Features of the MAcc Program:

Quality Education: The MAcc program is renowned for its comprehensive curriculum and exceptional faculty, covering core accounting principles, advanced financial concepts, taxation, and auditing.

Industry Connections: The program fosters strong connections with local businesses, accounting firms, and financial institutions, providing students with networking opportunities and potential job placements.

CPA Eligibility: For those aspiring to become Certified Public Accountants (CPAs), the Miles MAcc program often satisfies the educational requirements necessary to sit for the CPA exam, enhancing career prospects and earning potential.

Internship Opportunities: MAcc programs offer internship opportunities, providing real-world experience to build a strong resume and establish industry connections.

Location Advantage: The USA hosts numerous educational institutions offering MAcc programs, enabling individuals to choose from a variety of schools and programs that align with their career aspirations and preferred location.

How to Secure Accounting Jobs in the USA with an Indian Degree?

Securing accounting jobs in the USA with an Indian degree involves strategic planning, networking, and ensuring your qualifications align with the requirements of the U.S. job market. Here are steps you can take to enhance your chances:

Understand U.S. Accounting Standards

Familiarize yourself with Generally Accepted Accounting Principles (GAAP) and U.S. tax laws. Many employers will expect knowledge of these standards.

Evaluate Degree Recognition

Confirm that your Indian degree is recognized in the USA. Some employers may require foreign credentials to be evaluated by organizations like the National Association of Credential Evaluation Services (NACES).

Pursue Additional Certifications

Consider obtaining additional certifications like Certified Public Accountant (CPA) or Chartered Financial Analyst (CFA). These are highly valued in the U.S. and can significantly boost your employability.

Choose Miles US Pathway

Enrolling in the MAcc program through Miles Education serves as a valuable foundation for those aspiring to thrive in the dynamic field of accounting. Having collaborated with multiple U.S. universities, Miles Education has successfully secured STEM recognition for the MAcc program. Consequently, graduates from Miles enjoy a 3-year work permit, mirroring the privileges accorded to engineers. Our comprehensive support extends to offering 360-degree assistance with the visa process. For detailed information about the program and visa procedures, feel free to reach out to our team of career advisors.

Conclusion

Choosing a career as an accountant in the USA is a strategic move with numerous advantages, including job security, competitive salaries, and diverse opportunities. Pursuing the MAcc program through Miles Education offers an excellent foundation for individuals eager to excel in this dynamic field. Miles has collaborated with several US universities to make the MAcc program a STEM-recognized course, resulting in a 3-year work permit for alumni, akin to engineers. The program also provides comprehensive visa support. To learn more about the program and visa procedure, contact our career advisors.

[blog-immigration-blog]

UK Offers 2 Years Post Study Work Visa

The new graduate route will allow eligible international students to work in the field of their choice, for two years after completing their studies.

On September 11, the UK government announced a new two-year post-study work (PSW) visa for international students. This is a sharp U-turn from the work visa policies set by Theresa May seven years ago. The immigration route will be open to all international students completing an undergraduate course or higher.

The Story so Far

Earlier, the work visa was limited to four-months for any bachelor or master’s graduate to secure a job in the UK. For most, the post-study work-visa for the UK, circa 2019, was something that most students assumed wasn’t meant for them. Things, however, have changed.

The new graduate route will allow students to work for two years after they have successfully completed their course. However, it is important to note that only the students who are enrolling in courses beginning or ending in the 2020-21 academic year will benefit from the new immigration routes.

Cause for the Change in Rules

After the post-study work visa permit was scrapped by the then home secretary, Theresa May, in 2012, the UK saw a sharp drop in the number of international students. With a work visa limit of as low as four months, it lost all its edge as an international market for higher education. Over the years, universities, colleges, and even corporates were clamoring for a relaxation of these norms. With the specter of Brexit looming large over the national consciousness it was a time that some positive news makes its way into popular discourse.

The UK as a Destination for International Students

Going to the UK to study is on the bucket list of a lot of students around the world. It is a great way to experience a different culture, studying with a diverse group of people and getting to live in one of the most culturally rich countries in the world. The UK offers shorter courses compared to most parts of the world, enabling students to save on multiple things, such as accommodation, tuition, etc. With the PSW Visa for UK reopening, it throws open the doors for a number of students around the world to live their dreams in Great Britain.

Prospects for Indians Students in the UK

The United Kingdom is the second favorite destination for Indians to study, with the United States of America at the top. Since the introduction of the new graduate route, which is the PSW Visa for the UK, it is likely that Britain may well become the most preferred destination of Indian Students.

“With the reintroduction of the post-study work visa, we think more Indian students will choose the UK. And with the anti-immigration policies in the US we expect that the UK will soon gain the top spot in terms of attractiveness to Indian students,” said Sanam Arora, chairperson of the National Indian Students and Alumni Union in the UK.

This announcement comes hot on the heels of a fast-track visa route for scientists and the elimination of the limit on Ph.D. students choosing to go the skilled work visa route. This, in turn, will make UK one of the leaders in the field of Science, Technology, Engineering and Mathematics (STEM).

According to statistics, half of the Indian students moving to the UK chose a STEM subject for their higher studies. PSW Visa UK, 2019, will ensure that more students from India can make the UK their home for the future.

Timeline for Enforcement of the Rules

This new graduate route upsets a lot of international students, as those who are about to begin their terms or already studying there, will not be applicable to them. So, any student starting their one year master’s now and graduating in 2020 will not benefit. But, any student currently pursuing a two-year, three-year or four-year undergraduate course which ends in 2021 will be able to use the new route.

There is, however, quite a lot of confusion among international students already studying in the UK regarding their eligibility. Current international students, with valid Tier 4 visa leave, on the time of the announcement, i.e. 11 September 2019, are expected to be eligible for the post-study visa UK 2019.

On the bright side, the UK has joined the league of countries offering post-study work visa opportunities, with the US, Canada, Australia, and others. The new graduate route gives students a chance to work in any field of their choice, giving employers to get great and talented minds on board.

Although Indian students still preferred to travel to the UK to study without the post-study work visa option, the possibility of getting a post-study work visa is always a great option to have. It will enable them to get the working culture exposure which will help shape their careers. Also, getting a chance to work for two years will be a huge advantage financially.

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MBA Logistics and supply chain management New Delhi

MBA Logistics and Supply Chain Management is a 2 year Post Graduation program designed to give candidates a generous head start on the career ladder and incorporates both theory and practice. The program covers a wide range of topics, including business strategy, logistics planning, supply chain management, inventory management, and distribution networks. Students learn how to identify and solve problems in the supply chain, identify potential risks and vulnerabilities, and develop effective responses.

The MBA in Logistics and Supply Chain Management, New Delhi explains the strategic and operational role logistics and supply chain plays in the global business environment, with an emphasis on domestic and international logistics system as it relates to sourcing, operations management materials management, and warehousing and distribution or last-mile delivery operations.

Doing MBA in Logistics and Supply Chain Management in New Delhi, the Capital of India has become one of the most favored MBA education destinations. The MBA colleges and MBA Universities in New Delhi have placed the city on the global management education map. ILAM India is among the top MBA colleges in New Delhi. There are many reasons why New Delhi attracts a lot of MBA aspirants for admission every year from all parts of the country.

ILAM India and ICRI India offer one of the best MBA in Logistics and Supply Chain Management in New Delhi with world-class infrastructure and an Industrially accepted curriculum. There are a plethora of career options available for an MBA in Logistics and Supply Chain Management such as ground transportation operation manager, Programme manager, supervisor – regulatory and planning, aviation management expert, etc.

Supply chain & Logistics Industry In India

* In the financial year 2021, the size of the Indian logistics market was around 250 billion U.S. dollars. It was estimated that this market would grow to 390 billion dollars in 2030, at a compound annual growth rate between 10 to 12 percent.

* The sector employs around 22 million people. It is expected to create another 1.2 million jobs by 2025, 38% in road freight while the remaining are in passenger railways, freight forwarding, warehousing, packaging, and other services.

* The government’s focus on infrastructure development, FDI reform, and the implementation of the Goods and Services Tax (GST) are some of the key drivers of growth in the sector.

Course Duration & Eligibility

MBA in Logistics and Supply Chain Management is a 2-year Post graduation program that requires candidates who are graduates with 50% in Commerce, Statistics, Math’s, Science, and Economics.

Admission Procedure

To apply for 2 years MBA in Logistics and Supply Chain Management, the Candidate should Fill out an online application form & appear for the entrance exam or drop a mail for more details at info@icriindia.com, and our counselor will contact you.

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Banking And Insurance Courses In India - Your Key To A Successful Career

The strong banking sector in India has made India’s economy stronger and has paved the way for the progress of all the major sectors. The government has also recognized its contribution and has given impetus to the banking industry by improvising the banking policies and simplifying banking services. As per the KPMG-CII report, “Indian banking is most likely to become 5th largest by 2020 and 3rd largest by 2025. (Business Standard)

It has been seen that after the pandemic, there has been a surge in demand for jobs in banking, financial services and insurance. If you want to build a career in the banking domain, you must prepare yourself with one of the best certificate courses in banking and insurance that will equip you with the knowledge and skills required to progress in this industry.

Flying Career in Banking

BFSI Sector in India

Opportunities in Banking & Insurance

Preparing for a Lucrative BFSI Career

Certifications to attract a successful career

Key Highlights

As per the Monster India survey, the demand for jobs in BFSI grew 27% in February 2022, which was 26% last year.

In the banking and financial sector, the industry has shown persistent growth since June 2021, with a 7% rise in the intent to hire.

July 2021 witnesses a spike in demand for banking professionals at 22% year-on-year.

BFSI Sector in India

BFSI sector in India includes Banking, Financial Services, and Insurance sector.

In India, there are 18 public sector banks, 22 private sector banks, 46 foreign banks, 53 regional rural banks, 1,542 urban cooperative banks and 94,384 rural cooperative banks.

The BFSI sector in India is expected to become the 5th largest in the world by 2020 and the third largest by the year 2025.

As per the RBI, India’s banking sector has enough capital and is well-regulated with excellent economic conditions.

The number of ATMs in India touched 213,145 out of which 47.5% of ATMs are located in rural and semi-urban areas.

As per the RBI, India’s foreign exchange reserves touched US$ 630.19 billion as of February 18, 2022

By 2025, India’s fintech market will touch Rs. 6.2 trillion (US$ 83.48 billion).

The growth of digitisation in the banking sector is yet another contributing reason for the growth of this sector. In 2020, India surpassed China with 25 billion transactions. It is expected that digital payments will be contributing 71.1% of the total payment volumes by 2025.

Looking at the above statistics, the BFSI sector has opened several new job avenues. Hence, if you are looking forward to a growing career, then it is time to consider being a part of the BFSI sector.

Opportunities in Banking & Insurance

The Government of India has introduced several reforms and policies to streamline the banking sector and make it more efficient. This has triggered the seamless functioning of the banking system and an increase in the demand for banking professionals in countless job roles.

The banking sector offers a large number of job opportunities.

Entry-level banking jobs include bank executive jobs, bank cashier jobs, sales and marketing jobs, accountant jobs, relationship manager jobs, telemarketing jobs, loan advisor jobs, customer handling, loan processor, trainee and interns and others.

With a few years of experience banking professionals can bag jobs like Tele Sales Team Lead, Bank Cashier, Assistant manager, Chief Compliance Officer, Fund manager, senior accountant, Sales officer, Portfolio manager, chief accountant, treasurer, and others,

Financial analyst jobs consist of investment analyst and financial analyst.

Corporate finance jobs include finance manager, accounts manager, and risk manager.

Investment banking jobs include jobs of bankers focusing on mergers and acquisitions, underwriting, private equity, and venture capital.

Insurance domain jobs include insurance sales agent, underwriter, claims examiner, relationship advisor, financial insurance analyst, claims adjuster, insurance actuary and advisor.

Source:  Investopedia, thebalancecareers, Naukri.com

You would want to know how much you can earn as a banking professional. Irrespective of the job role, the salary is a significant part of it. If you are starting as a bank executive, you can earn ₹ 0.2 Lakhs to ₹ 3.6 Lakhs.

As a Relationship Manager, you can earn ₹ 2.1 Lakhs to ₹ 7.0 Lakhs with an average of ₹ 3.5 LPA. High-end jobs like that of a Financial Manager can allow one to earn a salary between ₹ 3.5 Lakhs to ₹ 30.0 Lakhs with an average salary of ₹ 13.0 LPA.

Preparing for a Lucrative BFSI Career

Every individual wishes to have a growing career path; and for this, choosing the right steppingstone is important. The banking and financial sector promises good career growth and opportunity. If you want to get into the banking domain, you can take coaching and give banking entrance exams to join public sector banks. To work in private banks, you can choose a certificate course in banking and finance that allows you to learn various skill sets required to become a banking professional.

To become a proficient banking professional, you need to master mathematical skills, have proficiency in sales, stock market awareness and more. The banking industry is highly competitive and requires a lot of patience and perseverance. A certificate course in banking and finance will cover various banking concepts and skills. Some courses also focus on developing additional skill sets like problem-solving, decision-making, leadership, and more.

Certifications to Attract a Successful Career

If you are planning to become a banking professional, you have umpteen options to start your career. And with the right certificate in banking and finance, you will brighten your chances of fetching a good salary and making it big in this domain. Since the banking sector is highly competitive and demand for trained professionals is high, several certificate courses in banking and insurance.

Timespro banking courses, help you become job ready. These courses have been curated in tandem with the industry’s demand and the key developments taking place in this domain. They have roped in the experts from the industry as mentors. The course curriculum of their short-term diploma is comprehensive and covers concepts like

Fundamentals of Banking

Regulatory Environment

Risk & Compliance

Generic Banking Products & Services

Mandate-specific Products & Services

ABSO (Finacle)

Grooming, Etiquette & English Language Skills

TimesPro’s Short-Term Post Graduate Diploma in Banking Management PGDBM – XL will help in giving a flying start to your banking career.

TO KNOW MORE: https://earlycareer.timespro.com/course/certificate-program-in-insurance-sales-service-management/

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Trends in Indian Job Market in 2021 | Our Job Agency

Though there is a steady Month over Month recovery in the Indian job market, there is still the pandemic effect on its YOY growth.

To know more, visit-https://ourjobagency.com/trends-in-indian-job-market-in-2021/