Name of the Post: Account Executive and HR Executive Job Vacancies in Srinagar Post Date: 31-01-2023
Job Vacancies in Srinagar – Eligibility, Salary, Selection Process, Important Dates and Full Notification: Aisha Healthcare is hiring candidates fulfilling the eligibility criteria for the following positions.
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The market’s expectation that the central bank will ease up is partly driven by the presence of new faces on the Fed’s seven-member board in Washington. In addition to reappointing Powell, President Joe Biden named three new members and promoted Lael Brainard, who in past years advocated for going slow on rate hikes, to Powell’s No. 2.
Other new Fed officials outside Washington are economists who have long pushed for broad and inclusive employment. Among them: Austan Goolsbee, a onetime chief economist to former President Barack Obama who recently became head of the Chicago Fed and joined his first central bank policy meeting this week.
“There’s a pretty strong view that they will ease sooner than they say they will,” said former Kansas City Fed President Thomas Hoenig, whose tenure included the 2008 financial crisis when the economy was losing more than 700,000 jobs a month. “The pressure would be to say, ‘Well, we’re just about there, we can ease back.’”
Fed officials on Wednesday are expected to hike rates by another quarter of a percentage point, nearing the central bank’s target of 5 percent for its main borrowing rate. The aim is to get inflation down to 2 percent — less than half of where it is now.
The Fed wants to ensure that it keeps rates high long enough to bring inflation fully to heel, fearing a repeat of the 1970s and ‘80s when the central bank backed off, only to see price spikes return.
But investors are pricing in a greater than 75 percent chance that interest rates will be lower in December than in June, according to CME FedWatch. They aren’t convinced that the Fed will keep its key rate at a punishingly high level for long, particularly if inflation keeps falling and unemployment begins to spike.
Inflation has dropped for six straight months, fanning hopes that the surge in prices is on its way to ending. Quarterly data on companies’ labor costs released Tuesday shows that wage growth, a driver of inflation, also continues to tick down.
Yet even though consumer price increases have cooled, Fed officials are maintaining their tough talk with the idea of leaving borrowing costs high enough to keep inflation on its downward trend. They say wage growth will need to slow even further. And Fed policymakers have publicly been in lockstep on how fighting inflation is their most important priority.
That tone could shift if economic indicators allow some members of the rate-setting committee to make the case that inflation is easing even without a significant rise in joblessness from 3.5 percent now. The Department of Labor on Friday will report January’s employment numbers, and they’re expected to show a slower, but still steady increase in job creation.
“There is a growing contingent on the committee who will grow very uncomfortable in the second half of the year not cutting [rates] as unemployment rises,” said Derek Tang, an economist at LH Meyer Monetary Policy Analytics, a research firm chaired by former Fed Governor Larry Meyer. “By their own account, they think [the unemployment rate is] going to rise into the 4s. This is all in the service of trying to bring inflation down, but when the rubber meets the road, things might feel a bit different.”
Brainard, the Fed’s vice chair, recently pointed to high profit margins that might give companies room to hold onto workers, particularly as supply chains continue to improve and help them save some costs. That means inflation could ease further without as much of a hit to the job market, she said.
Meanwhile, getting inflation back to 2 percent in the short term might not even be feasible, depending on what’s causing it.
Officials like Goolsbee say that if the Fed tries to counteract inflation that’s caused by supply problems, rather than by overspending, that could run the risk of a recession without actually cooling prices — what’s often termed “stagflation.” That makes the risks facing the central bank more complicated, he told CNBC last year, before he joined the central bank.
“The Fed has got to balance out some things it doesn’t normally need to balance out,” Goolsbee said at the time.
Other prominent regional Fed presidents, who have rotated out of a voting seat this year but are still part of the debate at rate-setting meetings, might also make the case for a gentler approach to the economy, such as Boston Fed chief Susan Collins. In 2019, Collins, then a professor at the University of Michigan, supported raising the central bank’s inflation target slightly above 2 percent to give more room for the job market to recover during downturns.
Still, the ultimate stance of the committee will depend on how the economy actually evolves. Even Fed officials such as Brainard or San Francisco Fed President Mary Daly, who are historically considered to be “doves” — in central bank parlance, more worried about harm to the labor market than the risk of inflation — have been resolute in the face of price spikes.
Policymakers across the board have said they don’t expect to cut rates this year because they will need to stay at a high level for a while to ensure that high inflation doesn’t become embedded in the economy. That could lead the Fed to keep the brakes on much longer than markets expect.
Tim Duy, chief U.S. economist at SGH Macro Advisors, noted that more dovish officials haven’t shifted their rhetoric yet, “even given the extent to which data has turned in their direction.”
And some officials have pushed for the central bank to be even more aggressive in the face of rising prices, including Minneapolis Fed President Neel Kashkari and St. Louis Fed President James Bullard. Kashkari, who before the pandemic was an outlier in advocating for particularly low rates, has during this bout of inflation pressed for raising rates higher than officials’ median forecast. He has a vote on rates this year, as does Goolsbee.
“I’m just wary about assuming anybody’s priors anymore,” Duy said.
Meanwhile, the direction of debate could also shift considerably if Brainard leaves; she’s currently a contender to replace Brian Deese as head of the White House National Economic Council, according to people familiar with the matter.
“Given the working relationship that she and Powell have had over several years, I think she really plays an important part in the thought leadership and the direction things are moving,” said Claudia Sahm, a former senior economist at the Fed.
Still, even given Brainard’s worker focus, she will be pragmatic about how much progress is being made against inflation, Sahm said. “Maybe later in the year it will matter, but for now, dove, hawk, moderate — they’re going after inflation.”
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( With inputs from : www.politico.com )
Hyderabad: The Sleuths of Cyber Task Force, Cyberabad, Madhapur Zone Police and Cyber Crime Police conducted raids at Noida, UP and Nalanda, Bihar and apprehended six members of a gang involved in job fraud cases and seized 15 mobiles, a Laptop, a printer, three debit cards and an employees register.
The arrested persons are Sunny Kumar, 22 years, Archana Singh, 27 years, Ruchi Bharathi, 25 years, Shavi Pal, 27 years, Shanti, 22 years and Meena Rajput, 24 years.
According to the police, in the month of October last year 25 cases of job fraud had been reported in Cyberabad limits, and the Telangana State Police Centre of Excellence for Cyber Safety (TSPCC) worked out the clues in all these cases wherein, the accused persons lured and collected money from the victims.
A Cyber Task Force was deployed. The Special Team went to Noida, U.P. and Nalanda, Bihar and identified the call centre and conducted simultaneous raids and apprehended six gang members, said Stephen Raveendra, Commissioner of Police Cyberabad.
The accused persons have taken a flat on rent in the pretext of running a recovery agency of HDFC. On uploading the bio-data of unemployed youth in job portals like Monster.com, etc., for a job, the fraudsters are selecting some of the innocents from the job portal websites and calling them by introducing themselves as executive/manager and assuring for providing job in Multinational Companies with high salaries.
“The fraudsters are asking money from unemployed youth stating various reasons like for Registration, Resume update, conducting interviews etc., The fraudsters are also sending the offer letters of various companies. They are procuring pre-activated SIM cards and cell phones for calling and trapping the victims and also purchasing bank accounts from various banks to transfer the lured amount,” the Commissioner stated.
The gang is conducting interviews through Google Meet. After receiving the money, the fraudsters are impersonating as senior employees of various MNCs and they call the candidate/victim and conduct a telephonic interview.
Once the victim starts responding to the messages/mails of the fraudster believing him to be innocent, the fraudster starts interacting with the victims over mobile phone and through mails of fake mail IDs of various job portals and force the candidates to remit huge cash into the bank accounts.
“After the payments are made into the bank accounts of the fraudster, the fraudster stops responding to the calls of the victim,” he added.
Jammu and Kashmir has one of the highest unemployment ratios in India. To overcome joblessness, the government initiated job fairs and invited a lot of companies to hire the unemployed. In 23 fairs, 9743 unemployed youth offered their services to 205 participating companies but only 623 got jobs, reports Fahd Khan
Jobless: A huge crowd of boys and girl job-seekers in a job fair in Srinagar’s mini-indoor stadium in late 2022. KL Image: Hilal Shah
Amid an all-time high unemployment rate and joblessness, Jammu and Kashmir government’s much-hyped job fairs have provided jobs to around six per cent of the participants in 2022 in Kashmir. Lack of technical and communication skills was termed to be the key deficits preventing them from getting hired.
The observation of skill deficit raises doubts about the working of the skilling system, which is apparently a top governance priority.
Background
The Centre for Monitoring Indian Economy (CMIE) had highlighted the skyrocketing of the unemployment crisis in the past few years. Till mid-January 2023, it stood at 14.8 per cent, which is the sixth highest in the country. Though the survey outcomes had its own factors including Covid19, it generated a lot of debate over the state of joblessness.
Jammu and Kashmir’s Department of District Employment and Counselling Centres in collaboration with some non-governmental organizations hosted a number of job fairs across Kashmir’s 10 districts. It brought potential human resources face-to-face with potential employers from the private sector.
Officials who arranged these events revealed a total of 9743 unemployed youth participated in 23 job fairs that were organized across 10 Kashmir districts in 2022. Of them, only 623 were provided with on-spot placements. Officials said a total of 205 local and national companies participated in these recruitment rallies.
Srinagar hosted two major events and 2900 youth participated along with 67 local and national companies. Eventually, 25 candidates got on-spot placements, officials said.
In the Pulwama district, one job fair was held that attracted the participation of 213 candidates. At the end of it, nobody got a job order.
In Budgam, two fairs were organised in which 381 youth participated, of whom only 20 got placements. A total of 13 local and national companies participated in the event.
In Ganderbal, only one event was organised in which nine youths out of 900 got on-spot placements. Eleven companies participated in the event.
Anantnag hosted two fairs in which 28 youths got placed among 1211 who participated.
In the adjoining Kulgam district, nine job fairs – the highest among all the districts – were conducted in only 474 got placements among the 3117 youth who had participated. A total of 31 local and national companies participated in the event.
In the Shopian district, two job fairs got 13 people recruited among the 450 youth who had participated.
In Baramulla and Bandipore districts, two job fairs each were organised in which 52 youth from the former district got placed out of 325 total participants while just two received placements in the latter district out of a total of 246 participants.
No job fairs, however, was organised in Kupwara.
As many as 211 youths were recommended for skilling and as many as 3928 on-spot registrations were made on the state employment portal.
Rozgar Mela’s
Apart from these Job Fairs that the Department of District Development and Counselling organised, many similar Job Fairs were organized by non-governmental organizations in view of the surge in the unemployment rate.
In one of such event that the Goodwill Non-governmental organization hosted at Indore Stadium Srinagar, more than 20 MNC’s including local companies participated.
Thousands of youths across Kashmir had thronged the venue to get themselves enrolled in the mega recruitment drives that were being organized both by the government and the NGOs. Some of the companies that participated in the event included SBI Life, HDFC, Jio Care, Tata Motors, Peaks Auto, Kashmir Motors, Himalayan Motors, Shuhul Motors, Ashoka Leyland, LIC, Wishfin, KY Motors, Exide NEO and Fair Deal Motors. Many people even got recruited by US-based companies and are working from home right now.
Problems
Government claims notwithstanding, all these job-linked events provided jobs to only six per cent of the total participants. Many youths who had participated in these fairs alleged that despite aspirants possessing higher qualifications and skills, they were not recruited as the companies didn’t have enough vacancies. As per the participating youth, the low salary was also one of the reasons for them not taking up jobs for which they had to move out of Jammu and Kashmir.
Skill proved to be a major setback for the participating youth not getting jobs in the mega recruitment drives. Many youths claimed that despite coming from far-flung areas with the hope of getting jobs, they were offered loans by participating insurance and banking companies.
In a video on social media, a girl who had participated in an event is heard saying: “With a master’s degree and four diplomas, I had very little hope of getting a job in this event. What more qualifications should I possess to get a job? Even we can’t start our own business as banks provide loans against property only or they charge huge interest rates. Even some companies seek experience for jobs. How come an unemployed youth is experienced when he is never provided with a job? Even we don’t have such an exposure here in Kashmir, where we are trained at the grassroots level to start our own businesses”.
“Many of the jobs being provided in these events are routine basic jobs, “one insider said, talking in anonymity. “Jobs being offered are an insurance agent or marketing persons which one can easily get without participating in these events. There were many schemes like this earlier as well.”
The average salaries fixed during the job fairs were Rs 10000. Whether those who got jobs are satisfied and continuing it is the question to be asked.
Officials Speak
“Most of the companies recruit candidates based on their skills only but the majority of the people who had participated couldn’t meet the required criteria set by these companies,” a senior official in the Directorate of Employment said: “To keep up the pace in today’s world and to get hired by companies, one should possess both communication and technical skills which our youth mostly lack.”
The officer said they were shocked to see that in one of the recruitment drives at the University of Kashmir, only one could make it up to the interview. “The reason being the communication barrier,” an official at the District Employment and Counselling Centre said.
“We mostly deal with the sale and services of automobiles, most of the students were either overqualified or under-qualified for the Jobs we were providing,” one of the recruiting executives in a local automobile concern, who participated in these fairs, said. “For sales, we particularly needed people having good communication skills and those having experience in the service sector. We too aren’t a big company and have already been under a financial crunch since Covid19 and another crisis. Still, we hired around four to five students and they are currently working in our company under probation. Skill was the main reason that we couldn’t provide jobs to the people”.
Developments
It is pertinent to mention that the government has included numerous skill-based courses like IT, management, and tourism at the college level in the past few years, which seems to have a questionable outcome. The government is also imparting job-oriented skill-based courses through polytechnics, hotel management institutes and NIELIT.
“To impart skills to our youth many candidates who had participated in these job fairs were registered for the skill courses being organised by the Tata Consultancy Services (TCS),” an officer at the Directorate of Employment said.
There are many government schemes aimed at up-skilling youth. Himayat was a major flagship scheme under this category under which the youth were trained and later deployed in the market. NIELIT also provided many IT-related courses.
Another scheme was launched by the government in Public Private Partnership mode. It was aimed at improving the quality of the vocational training in the Country and making it demand-driven, so as to ensure better employability of the pass-outs. It covered 32 ITIs in Jammu and Kashmir. Other courses that were launched for the general public also included Sewing, Henna Art, cookery etc.
It seems as if the candidates are yet to be adequately trained or are lacking the actual skill that the employers require.
Frank Lampard vowed to “dig in” after a damaging defeat by West Ham in a crucial clash at the bottom of the table left Everton’s manager clinging to his job.
In a potentially significant development Everton’s majority shareholder, Farhad Moshiri, was at the London Stadium to watch Lampard’s side slip deeper into relegation trouble. Moshiri had not attended an Everton game since October 2021 and he could decide that it is time for a change of manager.
Asked about Lampard’s future after the game, Moshiri said that it is not his decision to make. It was later clarified that any move would be agreed with the rest of Everton’s board. Having stayed away from Goodison Park before last weekend’s defeat by Southampton, the rest of Everton’s directors joined Moshiri at the London Stadium.
They would have seen Everton’s fans hold up banners decrying “a board full of liars” and the team deliver another poor display. West Ham climbed out of the bottom three after two goals from Jarrod Bowen, potentially saving David Moyes from being fired, and left Everton in 19th place after a run of 11 defeats in 14 games in all competitions. It would come as little surprise if Lampard is fired.
Lampard, who hopes to improve his squad before the transfer window shuts, vowed to fight on after being asked about his future. “Those things are not my choice, it is my job to work, focus and keep my head down,” he said. “I know there’s things going on at the club but it’s never been a consequence for me whether a chairman or board member is at the game.
“I was at Chelsea for 18 months and the owner didn’t come to one competitive game. It’s not for me to guess what he thought about the game. We stayed up by the skin of our teeth last year and were five points shy of safety with not many games to go.
“I’ve said that we might stay where we are, and was questioned whether that is competitive enough talk. But if you are in a club where the club has moved downwards with serious investment, the conditions now are that we don’t have that investment and we are trying to rebuild. That doesn’t mean straight away you start climbing stairs. It means you have to dig in as a club and I’m prepared to dig in.”
Kenwright refused to discuss whether Lampard is at risk of being sacked. “It’s been a bad run of results for us all, and for Frank, but I would never say that to you,” he said. “We’ve just got to start winning, haven’t we?”
West Ham’s first league win since 24 October was a huge boost for Moyes, who has been backed by his board. “I think it’s a relief to the club itself,” West Ham’s manager said. “I really hope Everton stick with Frank. He is a top bloke but I have to think about my position because winning one game doesn’t mean everything is fine.”
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( With inputs from : www.theguardian.com )
