Manufacturing



India created only 1.35 lakh jobs in 2015 in comparison to 4.19 lakh in 2013 and 9 lakh in 2011, according to Labour Bureau. India needs smart villages and not smart cities, observes the research.

The data report revealed that number of positions waiting to be filled dropped by 388,000 to 5.44 million (forecast was 5.80 million), from a revised 5.83 million in July, according to the Job Openings and Labor Turnover Survey.

Telangana Industry and IT Minister KT Rama Rao has been holding discussions with several dignitaries in the US. KTR on Wednesday met Tarunjith Singh, Indian Ambassador to the US, American Council General Catherine, Bertrand Marc, President, Boeing In

Slump in manufacturing, mining and capital goods segments impacted the industrial production in negative way.

Nonetheless, Nikkei Services PMI’s latest above-50 reading was the fifteenth in as many months, highlighting ongoing growth in the country,

Kishore Biyani, CEO, Future Group, said: “I have attempted e-commerce four times in my life. We have opened and shut Future Bazaar. We will close Big Bazaar Direct within a week.”

The all-India strike by central trade unions on Friday halted trade, transport, key manufacturing facilities and banking activities.

NR Narayana Murthy said engineers prefer bigger cities for work. India is far, far away from having smart cities, one of the flagship programmes of the government. 

Disappointing performance of the manufacturing sector and heavy contraction in capital goods production were the prime reasons for the drop in industrial output.