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New Delhi, 20th Feb (IANS): The uplift of the poor, progress of farmers and employment for the youth will be the focus of the upcoming budget, Minister of State for Finance Jayant Sinha said in a Youtube post on Saturday.

"This budget will be a forward-looking budget that will ensure that India will continue to be a haven of stability and growth in a very turbulent and choppy global environment," he said in a rare message ahead of the annual exercise.

Sinha had also said in a tweet on Friday that the present government has managed to kept prices in check. "The NDA government has been successful in contain inflation," he said, adding this was far less than the pace during the previous UPA regime.

Earlier, his boss and Finance Minister Arun Jaitley also spoke about facilitating tax payers.

The use of technology has gone a long way in helping taxpayers with 1.4 crore assessees notified and also paid their refunds using this medium, Finance Minister Arun Jaitley said, ahead of the budget presentation for the next fiscal year.

"The government has been increasing using technology for the advantage of all tax payers and 1.4 crore, that is assessees, have been notified of their refunds and refunds have been given to them also using this very medium," Jaitley said.


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Kuala Lumpur, 19th Feb (IANS): Malaysia will suspend the hiring of foreign workers, Deputy Prime Minister Ahmad Zahid Hamidi announced on Friday, a day after the government announced an agreement to recruit thousands of Bangladeshis.

Hamidi said the measure will remain in place till the government has reviewed the two-tier levy programme for foreign workers.

The authorities, according to Hamidi, are studying the personnel re-hiring programme to prevent an excess of foreigners flooding the job market, and those who are working illegally in the country will be detained and deported, Efe news reported.

He said the government plans to postpone the intake of foreign workers till it had identified the exact need of Malaysia's industries, in an informal meet with military personnel.

Hamidi urged the youth to take up jobs currently held by foreigners.

His statements come after Malaysia and Bangladesh on Thursday announced an agreement to allow absorption of 1.5 million Bangladeshi nationals by Malaysian firms in the next three years.

Following the announcement, which drew criticism from Malaysian trade unions, Human Resource Minister Richard Riot said it only referred to Bangladeshis who are registered with the Malaysian government as residents in the country.

Each year, thousands of Bangladeshi immigrants travel to Malaysia in search of employment, mainly in construction, plantations or as domestic help.

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Seoul, 18th Feb (IANS): South Korea’s youth unemployment rate rose to a 16-year high in January, the media reported on Thursday

According to Statistics Korea, the unemployment rate for workers aged between 15 and 29 was 9.5 percent last month, up 0.3 percentage point from the same month in 2015. Compared to January figures of the earlier years, the level is the highest since 2000, when the number stood at 11 percent, The Korea Herald reported.

“An increasing number of youth entered the job market during the winter vacation and graduation period,” said Sim Won-bo, head of the agency’s employment statistics division.

“As many preferred a job with a stable employment outlook, the average job-seeking period turned out longer, which attributed to the increase in the unemployment rate,” he said.

The economy added 339,000 new jobs last month compared to the year before, raising the total number of employed people in Korea to 25.4 million. It was the smallest growth in 11 months, but around the same level as the average monthly gain of 337,000 in 2015.

Some 194,000 new jobs were created for workers aged 60 or above and around 115,000 for 50-something workers, compared to just 25,000 for the 15-24 age group.

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Kolkata, 16th Feb (IANS): Sixty eight lakh unemployed youths have got jobs, while 15 lakh boys and girls received skill training over the past four years in West Bengal, Chief Minister Mamata Banerjee said here on Tuesday.

Launching 'Utkarsh Bangla' - a vocational training scheme for school dropouts, Banerjee said her government would ensure campus placements for 75 percent of the students who passed out of the polytechnics and Industrial Training Institutes.

"Sixty eight lakh youth have been given jobs in the last four years. Two lakh more jobs are under process. During this period, we have trained 15 lakh boys and girls. Out of them, 10 lakh have secured jobs," she said, adding six lakh more school drop outs will be trained every year.

"So, a total of 30 lakh youth will receive training in the next five years.

"We will ensure at least 75 percent of the students get campus placements. The companies that will take part in the campus placement drives have signed memoranda of understanding with us. Companies like Samsung, Raymond, Berger Paints, Maruti Suzuki, ASSOCHAM (in gems and jewellery sector), Confederation of Real Estate Developers Associations of India (for construction-related jobs) will provide the employment.

"An MoU has also been inked with the Agriculture Skill Council of India and CREDAI," she said.

The state now has 250 ITIs and 186 polytechnic colleges. "When we came to power in 2011, the total number of seats in these training institutes was 25,000. Now they have increased to 75,000, said Banerjee, who also released a book on Utkarsh Bangla, which aims to provide school dropouts free of charge vocational training ranging from 400 to 1,200 hours in tailoring, driving, repairing television and other electronic equipment.

Certificates would be given to those completing the courses. The vocational education department would be in charge of implementing the scheme.


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New Delhi, 15th Feb (IANS): Online marketplace for recruitment, Aasaanjobs has raised $5 million in Series A round of funding led by Aspada Advisors with participation from existing investors.

This was a follow-up from the seed round where the platform raised a funding of $1.5 million led by IDG Ventures and Inventus Capital in January 2015.

"The company would use the funds to automate its online recruitment marketplace and expand to new cities. The company would set up operations in Pune and Delhi in the first quarter and Bengaluru in the second quarter of 2016," said Aasaanjobs CEO Dinesh Goel.

The fresh inflow of capital will help the company in taking its HR services on the cloud computing.

This technological edge will pave the way for Aasaanjobs' expansion into newer geographies.

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