New Delhi, Feb 21 (IANS) Pakistan’s demographic dividend has turned out to be a “demographic dilemma” as a widening skills gap leads to “economic stagnation which feeds social unrest”, a new report has said.The report from The Express Tribune said the country produced nearly 8 lakh university graduates annually but struggled to access key labour markets such as Japan and South Korea due to mismatches between the skills produced and those demanded by these economies.The report flagged findi…
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New Delhi, Feb 20 (IANS) International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Friday said that India’s goal of becoming a developed nation (Viksit Bharat) can be achieved with AI-driven innovation and expansion, and the country could harness AI to achieve its target of a $30 trillion economy by 2047.Addressing the AI Impact Summit 2026 here, Georgieva said that artificial intelligence could bolster global growth by 0.8 per cent, faster than the pace seen before the Covid…
New Delhi, Feb 20 (IANS) Revitalising apprenticeships is essential not only for enhancing employability but also for driving productivity and innovation in enterprises, NITI Aayog CEO B.V.R. Subrahmanyam said on Friday.He noted that the report’s findings and recommendations provide a robust framework to align India’s apprenticeship initiatives with global best practices, ensuring that industry and youth alike benefit from a dynamic, inclusive, and high-quality apprenticeship system.NITI Aayo…
Canberra, Feb 19 (IANS) Australia’s unemployment rate remained steady at 4.1 per cent in January, according to official data released on Thursday. The latest monthly labour force data from the Australian Bureau of Statistics (ABS) showed that the number of Australians employed on a full-time basis increased by 50,500 between December and January, which was partially offset by a fall in part-time employment of 32,700 people, Xinhua News Agency reported.The official unemployment rate remained at 4…
New Delhi, Feb 12 (IANS) Finance Minister Nirmala Sitharaman on Thursday said the Union Budget 2026-27 has come at a rare moment for India’s economy, where strong growth and low inflation are being achieved together.Speaking in the Rajya Sabha, FM Sitharaman described this phase as a ‘Goldilocks moment’ and said it was the result of sustained effort, careful planning and timely policy action, not chance.“According to the first advance estimates released by the National Statistical Office…
Aizawl, Feb 10 (IANS) Mizoram Governor General (Dr) Vijay Kumar Singh (Retd) on Tuesday said that the state possesses a rich cultural heritage, exceptional craftsmanship, strong agro-based potential and vibrant creative industries, noting that there are immense untapped opportunities that can be harnessed through concerted efforts. The Governor on Tuesday inaugurated the ‘LESDE Kût 2026 – Accelerating Innovation, Empowering Entrepreneurs’. The five-day event, organised by the Labour, Employme…
New Delhi, Feb 10 (IANS) While the Pakistan government claims that it ushered in the recent macroeconomic stabilisation, the uncomfortable and far more consequential reality is that unemployment is rising, and for millions of Pakistanis, economic stability remains an abstract concept that has not translated into secure livelihoods, according to an article in the Pakistani media.The 2025 Labour Force Survey paints a stark picture. Unemployment has climbed to 7.1 per cent, the highest level in 21 …
New Delhi, Feb 7 (IANS) Delhi Social Welfare Minister Ravinder Indraj Singh on Saturday lauded the Union Budget 2026–27, saying that the enhanced allocation for social justice and welfare sectors will help take both the nation and Delhi to new heights.He highlighted that provisions for sectors related to social justice and welfare have been increased by approximately 12.5 per cent to around Rs 14,800 crore, which will strengthen efforts for the upliftment of weaker and disadvantaged sections.T…
New Delhi, Feb 7 (IANS) As the United States and India finalised an interim trade agreement that reduces US tariffs on Indian goods to 18 per cent, Prime Minister Narendra Modi on Saturday hailed the development, calling it ‘great news’ for both nations. Taking to social media platform X, PM Modi said, “Great news for India and USA! We have agreed on a framework for an Interim Trade Agreement between our two great nations. I thank President Trump for his personal commitment to robust ties betw…
Nagpur, Feb 6 (IANS) Adani Defence and Aerospace Director Jeet Adani on Friday said that Vidarbha stands at the core of India’s energy story, and the Adani Group’s presence in Vidarbha is not transactional; it is generational. Addressing the ‘Advantage Vidarbha 2026’ here, Jeet Adani said the Adani Group is here to build energy security, create high-quality jobs, uplift communities, and strengthen India’s economic foundations.”Our investments here align with three national priorities — powering…