SRINAGAR: Lieutenant Governor Manoj Sinha on Wednesday said the computer based examinations that were deferred yesterday will be conducted once Jammu and Kashmir Service Selection Board will be fully satisfied and that exams will be held soon.
Talking to reporters, LG Sinha said transparency is a top priority for them and if there is any iota of doubt that will be addressed.
He said recruitments will be done based on merit and transparency is the top priority for them and there will be no compromise on it.
LG Sinha said that so for 47 employees have been dismissed from their services as they were having militancy links.
“The statement I made a day ago about jobs being given to militants was based on facts and action has already been taken against many people in this regard,” he said.
New York: Facebook-parent Meta on Tuesday said it will lay off another 10,000 workers and will not fill another 5,000 positions, announcing the second round of significant job cuts by the tech major in four months.
The latest move comes after Meta slashed approximately 13 per cent of its workforce, or 11,000 jobs in November last year, in the single largest round of cuts in the company’s history.
In a Facebook post on Tuesday, CEO Mark Zuckerberg said the job cuts will take place “over the next couple of months.”
“We expect to announce restructurings and layoffs in our tech groups in late April, and then our business groups in late May,” he wrote.
In a “small number of cases, it may take through the end of the year to complete these changes,” he said.
The grim news for the tech industry came days after the Silicon Valley Bank, which catered to start-ups, collapsed.
“Overall, we expect to reduce our team size by around 10,000 people and to close around 5,000 additional open roles that we haven’t yet hired,” Zuckerberg said.
As of September 2022, Meta reported a headcount of 87,314, per a securities filings.
With 11,000 job cuts announced in November and the 10,000 announced on Tuesday, it would bring the firm’s headcount down to around 66,000, according to CNN.
Meta is among the big tech companies to undergo layoffs amid higher inflation, recession fears and pandemic-induced demand.
Earlier this year, Amazon, Google-parent Alphabet and Microsoft have announced major job cuts impacting tens of thousands of tech workers across the globe.
Shares of Meta rose more than 6 per cent in early trading on Tuesday following the announcement.
SRINAGAR: Taking a jibe at the mainstream parties that ruled JK over the past seven decades, Lieutenant Governor Manoj Sinha Monday said that those who gave jobs to militants and their family members have no right to talk about “fair recruitment.”
Addressing the function regarding laying of foundation stones of various projects related to Jammu Smart City at Jammu Convention Centre, LG Sinha said that many people don’t want fair recruitment to take place in the UT.
“Those who gave jobs to militants and their family members are raising fingers at the ongoing recruitment processes. These people have no right to do so,” the LG said, adding that “one lakh backdoor appointments were made by these people have made it difficult the administration.”
The LG said that the SSB recruitment issue was raised and complaints were found true after which the administration handed over the case to the country’s premier investigating agency—CBI.
“CBI is still probing the case and so far many arrests have been made. No matter how influential the people involved in the fake recruitments and irregularities, they won’t be spared at all,” he said.
He said that people should remain assured that strict action will be taken against those who are found in irregularities or any other misconduct in the SSB exams.
“Gone are the days when jobs were sold on roads and shops. Jobs will be given to those who have competence and the process of all recruitments will be fair and transparent,” the LG said.
He said that if anyone feels or sees any sort of misconduct in any exam or recruitment process, the same should be brought to the notice of the administration. “I assure a very strict action will be taken against those found involved,” he said.
He said a series of developmental projects are being taken up in Jammu under the Smart City Project. “The face of Jammu will change and the people of Jammu will feel a great and big change in the days and months ahead. The life of Jammuites will be made safe, secure and hassle free through the huge developmental activities that are under way at present,” he said. (KNO)
‘People used to get jobs based on their approach, but that no longer is the case’
Suhail Khan
Srinagar, Mar 13 (GNS): Lieutenant Governor Manoj Sinha while reacting to the agitation by JKSSRB aspirants against APTECH Company said the protests going around regarding the matter are just an attempt to stall the recruitment process, but those behind the plot are bound to fail.
The LG Sinha, as per GNS, said that in the past three years, around thirty thousand youth from Jammu and Kashmir Union Territory have been provided jobs and the government is committed to providing jobs to twelve thousand youth in the 2023 year.
The Lieutenant Governor of Jammu and Kashmir, Manoj Sinha, said what people can expect from those who give space to terrorism, who provide jobs to militant families and who have appointed lakhs of people for whom common masses in the UT are suffering.
He said gone are the days when jobs were sold in shops and only approach-based people were given positions. “Those days are over now, people now need to come forward if they know of anyone involved in any wrongdoing, and strict action will be taken”, he said adding nobody will be spared who is involved in any wrongdoing.
He said those people who spoil the dreams of young aspirants in broad daylight and have entirely damaged the whole ecosystem are those who were appointed but had never been in offices, and it is obvious those are hurting and it should be.
“Don’t come to their talks, you don’t need to hold candle-lights”, LG said.
“All those complaints received earlier have been strictly dealt with, and the matters later handed over to India’s best investigation agency, the CBI”, he said.
Pertinently, scores of Jammu and Kashmir Services Selection Board (JKSSB) job aspirants are relentlessly protesting against the purported grant of contract to APTECH Ltd. for conduct of various exams. (GNS)
Srinagar, Mar 13: Lieutenant Governor Manoj Sinha while reacting to the agitation by JKSSRB aspirants against APTECH Company said the protests going around regarding the matter are just an attempt to stall the recruitment process, but those behind the plot are bound to fail.
The LG Sinha, as per GNS, said that in the past three years, around thirty thousand youth from Jammu and Kashmir Union Territory have been provided jobs and the government is committed to providing jobs to twelve thousand youth in the 2023 year.
The Lieutenant Governor of Jammu and Kashmir, Manoj Sinha, said what people can expect from those who give space to terrorism, who provide jobs to militant families and who have appointed lakhs of people for whom common masses in the UT are suffering.
He said gone are the days when jobs were sold in shops and only approach-based people were given positions. “Those days are over now, people now need to come forward if they know of anyone involved in any wrongdoing, and strict action will be taken”, he said adding nobody will be spared who is involved in any wrongdoing.
He said those people who spoil the dreams of young aspirants in broad daylight and have entirely damaged the whole ecosystem are those who were appointed but had never been in offices, and it is obvious those are hurting and it should be.
“Don’t come to their talks, you don’t need to hold candle-lights”, LG said.
“All those complaints received earlier have been strictly dealt with, and the matters later handed over to India’s best investigation agency, the CBI”, he said.
Pertinently, scores of Jammu and Kashmir Services Selection Board (JKSSB) job aspirants are relentlessly protesting against the purported grant of contract to APTECH Ltd. for conduct of various exams. (GNS)
SRINAGAR: National Conference President Dr Farooq Abdullah has convened an All Party Meeting (APM) at his residence on Saturday, to discuss the current situation in Jammu and Kashmir.
The APM will be held at his Bathindi residence at 3pm to discuss issues faced by the people of UT. All major political parties have been invited to this meeting excluding BJP.
According to reports, the meeting will be attended by senior leaders of all political parties and many important issues including the delay in holding the assembly elections in the UT, ongoing anti-encroachment drive, awarding of contract by JK Services Selection Board to a previously blacklisted agency (Aptech) and the imposition of property tax will be discussed in this meeting.
Dr Abdullah recently visited Mecca Madina in Saudi Arabia to perform Umrah and on his return offered Friday Congregational prayers at, Dargah, Hazratbal.
Dr Farooq said that he prayed for the welfare of the people of Jammu and Kashmir and for the peace and prosperity of the country.
The APM will be presided over by Abdullah andthe senior leaders of major political parties are expected to be present in the meet.
Last month, the government reported a surprising burst of hiring for January — 517,000 added jobs — though that gain was revised down slightly to 504,000 in Friday’s report. Consumers also ramped up their spending in January, suggesting that the economy had strengthened at the start of the year. The Fed’s preferred inflation gauge also accelerated.
With February’s sizable job growth coming after January’s expansive gain, the Fed may accelerate its rate hikes to combat inflation. When the Fed tightens credit, it typically leads to higher rates on mortgages, auto loans, credit card borrowing and many business loans.
What the Fed may decide to do about interest rates when it meets later this month remains uncertain. The decision will rest, in part, on its assessment of Friday’s jobs data and next week’s report on consumer inflation in February. Last month, the government’s report on January inflation had raised alarms by showing that consumer prices had reaccelerated on a month-to-month basis.
The vigorous job growth for January, reported early last month, was the first in a series of reports to point to an accelerating economy at the start of the year. Sales at retail stores and restaurants also jumped, and inflation, according to the Fed’s preferred measure, rose from December to January at the fastest pace in seven months.
The stronger data reversed a cautiously optimistic narrative that the economy was cooling modestly — just enough, perhaps, to tame inflation without triggering a deep recession. Now, the economic outlook is hazier.
High borrowing rates have cratered the housing market, with home sales having dropped for 12 straight months, a consequence of the average mortgage rate nearly doubling over that time. Manufacturing is also showing signs of weakness. Higher rates have made it harder for businesses and consumers to borrow to buy major factory goods, from machinery to cars to appliances.
By contrast, spending for services — things like traveling, dining out and attending entertainment events — remains strong. Many Americans continue to engage in activities that were restricted during the COVID lockdowns.
Hiring at February’s pace is about triple the level the Fed would prefer. Job gains of about 100,000 a month would be just enough to keep up with population growth and prevent unemployment from rising. A figure that low would also mean that employers weren’t so desperate for workers and wouldn’t have to keep raising wages.
Higher pay is great for employees, of course. But Fed officials say it is contributing to higher inflation, particularly in labor-intensive service industries like restaurants, health care and hotels.
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( With inputs from : www.politico.com )
Fed officials had already estimated that unemployment could rise more than 1 percentage point — which could equate to about 2 million lost jobs — and they may update those projections at their next meeting this month. Friday’s jobs report for February will offer further clarity on a labor market that has shown stunning growth even in the face of higher rates.
Powell suggested that he’s still holding out hope that joblessness won’t have to rise significantly, but he also made it clear that fighting inflation is his top priority. The unemployment rate — a more than 50-year-low of 3.4 percent — may not be sustainable without further stoking price spikes, he indicated.
“We’re very far from our price stability mandate and, in effect, the economy is past most estimates of maximum employment,” he told the committee in his semiannual testimony. Still, he said, inflation has been fed by unprecedented factors related to the pandemic that, as they fade, might aid the central bank.
Here are some key exchanges between the Fed chair and lawmakers:
Sen. John Kennedy (R-La.): “You’re trying to raise the unemployment rate, are you not?”
Powell: “No, we’re not — we’re trying to realign supply and demand, which could happen through a bunch of channels, like for example, just job openings.”
While Powell flatly denied that his goal was to see unemployment increase, he acknowledged that the Fed does want to see the labor market weaken. Those might seem contradictory, but the thinking is that if there are fewer open jobs, it will help cool wage gains, which feed inflation, without necessarily causing a rise in joblessness.
For the record, Kennedy was driving at a separate but related point: It’s a good idea, in his mind, to cut government spending to help reduce inflation because the Fed’s tools are much blunter and potentially more painful to the labor market.
Many Republicans have been pressing for spending cuts as a condition for agreeing to raise the government’s borrowing limit this year.
Sen. Elizabeth Warren (D-Mass.): “Chair Powell, if you could speak directly to the 2 million hardworking people who have decent jobs today who you’re planning to get fired over the next year, what would you say to them? How would you explain your view that they need to lose their jobs?”
Powell: “I would explain to people more broadly that inflation is extremely high, and it’s hurting the working people of this country badly — all of them. Not just 2 million, but all of them are suffering under high inflation, and we are taking the only measures we have to bring inflation down.”
Warren: “And putting 2 million people out of work is just part of the cost, and they just have to bear it?”
Powell: “Will working people be better off, if we just walk away from our jobs and inflation remains 5, 6 percent?”
This was an unusually testy moment from Powell, who is generally calm and collected under questioning, including from Warren.
But this conversation highlights the key points that both officials have been making. In the senator’s mind, inflation is largely caused by problems like supply chain issues and corporate greed — issues that are unrelated to overspending, which is what the Fed is designed to counteract. (To get to that two million number, she’s pulling from Fed projections that unemployment could rise to 4.6 percent.)
For Powell and his fellow Fed officials, they have a key role to play in bringing down price spikes, and they’re the ones who have been tasked to do it, even if there is a cost.
Sen. Catherine Cortez Masto (D-Nev.): “I want to have the opportunity to address Sen. Warren’s conversation with you earlier about the tools that you have and the impact that it has on causing potentially more people to be unemployed.”
Powell: “We do not seek, and we don’t believe we need to have a very significant downturn in the labor market. … You’re starting from such a strong labor market, it seems as though you’re a long way away from anything that looks like a recession, just looking at the labor market by itself.”
Here, the Fed chief is making a point that even if unemployment rises to 4.6 percent, as central bank officials projected in December, that would still be relatively low by historical standards.
He’s being relatively hopeful here about the prospects for the job market and the economy as a whole, but the words “very significant” are notable; it suggests he’s still expecting unemployment to rise at least somewhat.
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( With inputs from : www.politico.com )
US Consulate General has invited applications from persons who are looking for jobs in Hyderabad.
Currently, the consulate general is looking for candidates for ‘Safety Program Coordinator’, ‘HVAC Maintenance Worker’, and ‘Surveillance Detection Monitor’ jobs in its Hyderabad office.
As per the details provided on its official website, the positions are permanent and full-time which requires candidates to dedicate 40 hours per week.
Eligibility for jobs in US Consulate General in Hyderabad
To qualify for the Safety Program Coordinator position, candidates must have two years of college or university studies, as well as at least three years of experience in maintenance or construction.
Candidates applying for the HVAC Maintenance Worker position must have completed secondary school and have at least three years of experience in repairing and maintaining commercial or industrial HVAC systems.
For the Surveillance Detection Monitor position, applicants must have completed high school and have at least one year of the military, police, or private experience in the field of security.
Benefits and how to apply
The selected candidate for ‘Safety Program Coordinator’ position will be getting a salary of Rs. 960,298 per annum. In case of ‘HVAC Maintenance Worker’ and ‘Surveillance Detection Monitor’, the candidates will be paid Rs. 547,416 and Rs. 447,348 per annum respectively.
Interested and eligible candidates can apply for the jobs at the official website of the US Consulate General in Hyderabad (click here).
After receiving the applications, concerned authorities will scrutinize them.
For the ‘Safety Program Coordinator’ and ‘HVAC Maintenance Worker’ positions, the late date for applying is March 22, 2023, whereas, for ‘Surveillance Detection Monitor’, the last date is March 26. For more detail, candidates can visit the official website.
US Consulate office in Hyderabad
Established in 2009, the US Consulate in Hyderabad was the first US diplomatic office to open in India since 1947. It is currently located in Paigah Palace, Chiran Fort Lane, Begumpet.
The Hyderabad Consular District encompasses three states:
Amaravati: Telugu Desam Party (TDP) general secretary Nara Lokesh on Monday said fake investments declarations will bring no jobs to the people of Andhra Pradesh. He was referring to the chief minister Y S Jagan Mohan Reddy’s recent announcement of investment proposals worth Rs 13 lakh crore at the Global Investors Summit (GIS).
Jagan on Friday said the state has received investment proposals worth Rs 13 lakh crore with an employment opportunity for six lakh people.
Lokesh accused the Andhra Pradesh government of deceiving the people by re-announcing old investment deals at the recently held Global Investors Summit with companies like Aurobindo, Greenko and Adani.
Speaking to the media at Vepulabayalu in Annamayya district, Lokesh said, “On forging any deal, governments openly declare all the details. During Chandrababu Naidu’s regime all information regarding investments and deals was exhibited online.”
“The YSRCP-led government is not showcasing any MoUs, agreements, deals, endorsements from the companies on documents,” Lokesh said, adding that the government and the companies have exchanged MoUs in “non-paper format only.”
He claimed that the company Indosol began with an initial investment of Rs 1 lakh but the company announced investments worth Rs 76,000 crore in the state.
“All the directors of the company are from Pulivendula,” said Lokesh about Indosol. “Jagan is offering 25,000 acres of land to this company. Another company, ACB, with a turnover of Rs 120 crores that employs 250 people has promised an investment of Rs 1.2 lakh crores. How can we believe it?” he questioned.
Speaking about the absence of Andhra Pradesh at WEF 2023 summit in Davos, he said, “Jagan conveniently missed the World Economic Forum in 2023. Can any aspiring state afford to miss a forum like WEF?”
On investment opportunities created by the TDP government, Lokesh said, “Between 2014 and 2019, we established a plethora of industries. Speaking in the Assembly, the late Mekapati Goutham Reddy said that 39,450 industries were established between 2014 and 2019 by the erstwhile TDP government, creating 5,13,350 jobs.”
