Youth worried over lack of skill development units in Delhi- The New Indian Express

NEW DELHI:  Lack of institutions that could help youth to acquire employment and housing for students were the main concerns conveyed by young city residents during ‘input’ collection exercise initiated by the Delhi Development Authority (DDA) and National Institute of Urban Affairs (NIUA) for the new master of Delhi (MPD) 2041 being worked upon.

“They (youth) believe that even if they do somehow educate themselves in reasonably good schools or colleges and perform to the best of their abilities, they don’t necessarily get employed. There was a need felt for equitably distributed skill enhancement institutions that would help them hone their employability skills and make them ready for the job market,” said an official of the DDA.

The DDA along with NIUA organised an ‘Online Youth Sabha’ on Thursday in which young city residents and students 15-30 years of age participated.

More than 800 participants registered for the event and

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Why is our economy failing to create jobs?- The New Indian Express

The announcement of the quarterly or annual GDP growth numbers is a feast for the economists, but the common man is always stuck with the age-old question: What does it mean for him/her? While in the stable pre-Covid scenario, it wouldn’t have meant anything starkly different, it does now. Earlier, there was a hope of revival and any downturn came as a shock. This period is different as it comes on top of a struggling Indian economy and a policy paralysis for the last few years.

All indicators that have come out paint the same picture—the great fall of our economy. Annual GDP growth for this fiscal (FY21) is expected to hit negative double digits. The gravity of this economic inactivity in terms of jobs now provides a glaring picture for everyone. Close to 94 lakh people have withdrawn Rs  35,445 crore from their EPF accounts in the last four

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1,100 jobs at risk as creditors approve Pizza Express restructure

Popular chain Pizza Express said on Monday that creditors had approved restructuring plans that will close 73 of its restaurants and put as many as 1,100 jobs at risk in the UK.

In a statement, the company said that 89% of its creditors voted in favour of its proposed company voluntary arrangement (CVA) restructuring deal, securing more than 9,000 jobs.

“The successful vote unlocks the company’s ability to actively address the challenges brought by COVID-19,” Pizza Express said.

“Regrettably, the CVA proposes the closure of 73 restaurants, putting 1,100 jobs at risk,” it said.

Pizza Express announced the sweeping restructuring process, which will see widespread rent reductions, late last month.

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Noting that most of its 454 restaurants have been profitable over the past three years, the company said that declining earnings had been exacerbated by the

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Official- The New Indian Express

By PTI

WASHINGTON: India, Israel and the United States have begun collaboration in developmental area, and in next generation of emerging technologies, including a transparent, open, reliable and secure 5G communication network, a top official has said.

The branching out of this trilateral initiative in development and technological arena is a result of the people-to-people collaboration, in particular those by the Indian diaspora in the US and Israel, that was initiated by Prime Minister Narendra Modi during his historic visit to Israel three years ago in July 2017, community leaders said.

A collaboration in 5G is a just tip of the iceberg and a first step, according to US Agency for International Development (USAID) Deputy Administrator Bonnie Glick.

“Because we’ll collaborate in science and research and development in coming up with the next generations of technologies, things that the likes of you and the rest of us on the phone

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