Re-employment still a challenge for those who lost jobs in COVID-19 first wave
The Hindu
The survey spread across Uttar Pradesh, Bihar and Jharkhand points to prolonged unemployment.
As many as 40% of people who had lost their jobs over April or May 2020 after the COVID-19 pandemic hit India, had been unable to find a paying job even ten months after the national lockdown began, with the problem most acute for younger workers in urban India, as per a new survey-based report. On an average, people who lost their jobs remained unemployed for six months and this worrying trend of prolonged unemployment was playing out even before the second wave of the pandemic, according to the report informed by a survey of nearly 4,800 individuals across 150 urban ward clusters in Uttar Pradesh, Bihar and Jharkhand. “Unemployment spells are, on average, almost half a year for unemployed individuals. Employed individuals are working on average six hours less than their usual weekly hours, and the share of them with work for the full year has halved since the previous year,” concluded Swati Dhingra and Fjolla Kondirolli in their report titled ‘City of Dreams no more, a year on: worklessness and active labour market policies in urban India’.
GCCs keep India’s tech job market alive, even as IT services industry embarks on a hiring moratorium
Global Capability Centres, offshore subsidiaries set up by multinational corporations, mostly known by an acronym GCCs, are now the primary engine sustaining India’s tech job market, contrasting sharply with the hiring slowdown witnessed by large firms in the country.

Mobile phones are increasingly migrating to smaller chips that are more energy efficient and powerful supported by specialised Neural Processing Units (NPUs) to accelerate AI workloads directly on devices, said Anku Jain, India Managing Director for MediaTek, a Taiwanese fabless semiconductor firm that claims a 47% market share India’s smartphone chipset market.

In one more instance of a wholly owned subsidiary of a Chinese multinational company in India getting ‘Indianised’, Bharti Enterprises, a diversified business conglomerate with interests in telecom, real estate, financial services and food processing among others, and the local arm of private equity major Warburg Pincus have announced to collectively own a 49% stake in Haier India, a subsidiary of the Haier Group which is headquartered in Qingdao, Shandong, China.










