Posts in category All News
Government to launch three employment-linked schemes, Says FM (23-07-2024)
Finance Minister Nirmala Sitharaman has announced three new schemes that give employment-linked incentives. The Finance Minister said "our government will implement the following three schemes for employment -linked incentive as part of the Prime Minister's package enrollment in the EPF, focus on recognition of first time employees, and support to employees and employers scheme." As per the FM, this scheme will provide a month's wage to everyone newly entering the workforce in all formal sectors. The scheme aims to create jobs in the manufacturing sector by incentivising the hiring of first-time employees. Incentives will be provided directly to employees and employers based on EPA contributions during the first four years of employment, benefiting 3 million youths and their employers. The "Support to Employers" scheme aims to promote additional employment across all sectors. Employers will receive reimbursement of up to ₹3,000 per month for two years for EPF contributions for each .
SRF shares decline 0.8% as Sensex slides (23-07-2024)
A total of 9,198 shares changed hands on the counter till 11:41AM (IST)
Agriculture stocks rally up to 9% as Sitharaman allots Rs 1.52 lakh crore to sector in Budget (23-07-2024)
In her Budget speech, Sitharaman said the government, in partnership with states, will promote digital public infra for agriculture. Following this news, agriculture stocks start rallying. Kaveri Seeds trades 9% higher, Dhanuka is up about 6%. But, Coromandal Chemicals and Bio Fertilizers trades 0.34% lower from the previous close. Nova Agritech, on the other hand, rises nearly 4%.
Govt plans to skill 20 lakh youth over 5 years (23-07-2024)
The government on Tuesday announced a new centrally-sponsored scheme for skilling 20 lakh youth over the next five years. The announcement was made by Finance Minister Nirmala Sitharaman in the Union Budget 2024-25. The minister said that model skilling loan scheme will be revised to facilitate loans up to Rs 7.5 lakh.