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SSE to organise 2nd International Conference on FECO

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India, 13th January 2023: Symbiosis School of Economics, a pioneering education hub in India, is set to organise the 2nd International Conference on the Future of Employment: Challenges and Opportunities (FECO 2023) on 18th and 19th January 2023. The conference will focus on discussing the social and economic developments in employment and livelihood around the world, challenges faced during the Pandemic and exploring future opportunities. Spread over two, enriching days, the conference will feature keynote speakers such as Alakh Sharma, Director of the Institute of Human Development; Satoshi Sakari, Deputy Director, ILO; and Santosh Mehrotra, Visiting Professor at the University of Bath amongst others.

The Indian informal labour force accounts for approximately 21% of the global informal workforce. India’s role in the global achievement of the UN’s SDG 8 is vital. With this fact at its centre, the Symbiosis School of Economics (SSE) will be hosting the second international conference – Future of Employment: Challenges and Opportunities – FECO 2023, on the 18th and 19th of Jan, 2023. While the school remains focussed on Sustainable Development Goals (SDGs) – this conference especially highlights SDG 8, with reference to the macroeconomic variables – Growth and Decent Work (employment).

As we inch towards the 2030 Sustainable Development Agenda, the conference is set to highlight challenges and opportunities with respect to employment and job creation, given India’s demographic dividend, a population with a median age of 28 in 2022. The conference will run five tracks which include – macroeconomic implications of employment, understanding employment in the informal sector, women and employment, covid 19 and the changing employment scenario as well as reviewing the pertinent labour sector reforms and policies, required to address the employment challenges in a dynamic, uncertain, complex and disruptive global framework within which varied economies are functioning.

The pandemic, followed by recent geopolitical tensions have resulted in higher inflation, energy and food crises and the expectation of a global recession in 2023. Recent forecasts predict the worst job crises since the Great Depression of 1929, as firms attempt to protect their bottom lines by reducing labour cost. Only time will unfurl the resilience in the labour market, both globally and in India, as economies and companies respond and adjust differently.

The trend for the unemployment rate in India over 2022 has ranged from a low of 6.43 in September, to a high of 8.3 per cent in December. For rural areas, it ranged between 5.83 per cent in January and September with a high of 8.37 per cent in February. The Urban unemployment rate was higher than rural in 2022 as per Centre for Monitoring Indian Economy (CMIE) data. Economic growth does not necessarily create more jobs, as the country has experienced a low employment elasticity resulting in not only joblessness but also job loss growth.

The last three decades has seen the global labour force participation rate (LFPR) steadily inch downwards from 65 in 1990 to 64 in 2000, to 62 in 2010 declining sharply to 59 percent in 2020 and 2021 on account of the pandemic. While the LFPR for India stood 8 per cent lower at 58 per cent in 1990 compared with the global figures, it witnessed a sharp fall in 2010 when it stood at 54 percent and had continued to decline even before the pandemic at 48 per cent in 2019, further sliding to 45 percent in 2020 (World Bank). One of the factors responsible for India’s low LFPR is the low female labour force participation rate (FLFPR) for India, which is one of the lowest in the world. at 19 while the global average is 46 per cent in 2021.

There are myriad and complex socio-economic and cultural issues resulting in a declining FLFPR in India, but this trend is likely to change as we see a higher gross enrolment ratio (GER) for females at 27.3 per cent in 2019-20 compared with 26.9 per cent for men as per ASHIE data. This trend has been gradually increasing since 2013-14. Further, the declining Total Fertility Rate (TFR) which stood at 2 as per the National Health Family Survey (NHFS – 5) in 2019-20 when compared with 2.2 for (NHFS-4) in 2014-15 and also the percentage of women marrying before attaining the legal age declining from 26.8 to 23.3 over the two survey period. There is no doubt that India has to ensure better nudge interventions to address the gender inequality that has prevailed over a long period of time.

The informal labour market which makes up 90 percent of the labour force is characterised by low productivity and wages, while its share in India’s Gross Value Added (GV) has been more than 50 percent since 2011-12 to 2017-18. Further, according to International Labour Organisation (ILO) globally nearly two billion or 60 per cent of the employment is engaged with informal segment.

Another major concern in India, is the high proportion of unemployed youth (15-24 years) – with nearly 33 per cent not even falling into the education, employment and training (NEET) category. This undoubtedly poses a significant human development challenge – pointing to an absence of decent work or employment opportunities.

It is evident that the government will continue to grapple with employment challenges despite a large number of interventions and reforms. Although these reforms approach the issues from various angles like creating an environment for ease of doing business, encouraging start-ups, skill India, digital India and other interventions which will address gender issues,, it is a concern that India may fail to address the targets related to decent, productive work, SDG goal 8. There is an evident and urgent need to address the concerns of the rising millions of unemployed people in the country, before the demographic dividend results in a human struggle for survival. Given this backdrop, FECO 2023 organised by Symbiosis School of Economics seeks to deliberate on these issues with an impressive line-up of expert resource persons.

The session will streamed live on: https://youtu.be/nUhwuDB29g4

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same.

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Entrepreneurship

A week-long celebration this Republic Day at Phoenix United

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Lucknow, 27 January 2023: Phoenix United, Lucknow celebrated the 74th Republic Day with grand week-long shopping and entertainment activities from January 25th to 27th. The patrons of Phoenix United dived into entertaining activities organized at the mall with an ambience filled with laughter as Stand-Up Comedian, Rajat Chauhan was right there to fill their day with fun and laughter.

Fancy Dress Competition

Followed by the stand-up comedy show was a Fancy Dress Competition where the Children were all decked up for a perfect platform for parents to let their children’s ideas meet creativity.

The Tricolor Tattoo competition
The Tricolor Tattoo competition

The Tricolor Tattoo competition was a complete package of madness, creativity, and love for the tricolor. Each design was distinctive in its own way and the tricolor blended magnificently. Not only this, but people also grabbed their hands on the lucrative deal offered at Phoenix United and won instant prizes worth Rs.3499 on shopping of Rs. 6999 or more from participating brands.

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s), etc., stated/featured in the same.

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A remarkable symposium to accelerate Indian economic growth

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New Delhi (India), January 30: Business Connect gladly announces to all its congruent readers that it has successfully hosted one of its signature events, i.e. Indo-Global Entrepreneurship Forum 2023, on 21st January 2023. In line with the hosting’s inclusive theme- 5G to 5T – Achieving Sustainable Economic Goals under UN SDG with Education, it has been able to create a spur across the business community where dignitaries and leaders from different walks of life came together to discuss the subject as per their respective reasonings. As the guests arrived at the venue in succession, the event witnessed the gracious presence of the Bollywood actress- Padmini Kolhapure, who was the chief guest at the forum.

Moreover, the forum was glittering with the presence of Onkareshwar Pandey- Editorial Director, His Excellency Roger (Rajendran) Latchman Consul-General Of Georgia, Dr. Prajapati Trivedi-Special Envoy for SDG Implementation at the Commonwealth Secretariat, MR. ASHWANI KUMAR, IAS – Advisor, BRICS, India, New Delhi, PROF. (MS.) SUSHMA YADAV – Member- UGC, Ministry of Education, Govt of India, New Delhi, SHADAM MAHMOOD KHAN – Dy Director/ Sr. Research Officer ( Infrastructure Connectivity) Niti Aayog, Govt. Of India, DR. RATNESH – Executive Director, UN Global Compact Network, India, (UNGCNI), New Delhi, Ms SHAILZA TANEJA, Former Senior Official, UN, DR. MANOJ KUMAR PATAIRIYA -Director, CSIR-National Institute of Science Communication And Information

Resources (CSIR-NISCAIR), Ministry of Agriculture, Govt of India, New Delhi, DILEEP SANGHANI – Chairman – NCUI, IFFCO, GUJCOMASOL, SH MURARI TIWARI – The Chairman, Bar Council of Delhi, DR. RAHUL SINGH Professor & Chair of Strategy, Innovation and Entrepreneurship, Chair of CESTour centre at Birla Institute of Management Technology, India. Co-founder, Asia Africa Forum on Corruption, Indonesia, MAJ GEN RAJAN KOCHHAR – Vice Chairman National Council of News and Broadcasting, New Delhi, and DR. PARVEZ HAYAT, IPS, Independent External Monitor for SBI & BEL, Chief Compliance Officer, New Delhi.

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We act as a platform to connect business owners, executives, and venture capitalists from various industries. Through our monthly publication, we stay in touch with our readers and work consistently to reach the greatest readership rates among top investors and executives in India. Our primary goal is to share the inspiring tales of business ventures and inventions that have impacted the world of entrepreneurship. We are the greatest option to learn what transpired in the lives behind the scenes of all different types of flourishing and emerging businesses if your interest is in the global business industry. BUSINESS CONNECT is a window into the business leaders’ thoughts in India as well as a reflection of entrepreneurial activities taking place throughout the start-up ecosystem.

Concerning our forum, we would like to share the list of our venerated awardees who have been recognized with special titles for their extraordinary contribution across various industrial segments. The worthy mentions are as follows-

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Medanjali Healthtech raises $ 1 million from Dubai-based investors

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India, 31st January 2023: Bihar-based health-tech company Medanjali Healthtech recently garnered a whopping $1 million in seed funding from a family-run business in Dubai. The substantial fund will be dedicated to advancing the company’s noble and innovative cause of disrupting the healthcare system by expanding a robust network of “phygital” (physical and digital: hybrid) health centres across the country, particularly in rural areas where the upkeep and running as well as the establishment of healthcare infrastructure still remain challenges. Further, the fund will also be used to bolster the start-up’s operations, procurement, and infrastructure.

The social cause-oriented enterprise, founded by Brajesh Sharma and Sameer Chandrakar in August 2022, has in January launched its pilot operations via the 5 Medanjali Health Clinics (MHCs) in Bihar Marhaura, Nagra, Garkha, Parsa, Masrak, located in the Chhapra district. The clinics are part of the tech-powered rural healthcare model of the initiative, which leverages the latest AI and analytics technology to not only bring together expert healthcare professionals and rural beneficiaries but also expedite last-mile caregiving services.

About the funding round, Brajesh Sharma, Co-Founder shared on an elated note, “We are extremely delighted by this round of funding, which has massively boosted our cause to deliver quality and affordable rural healthcare, a prevalent concern in a country such as India.” Rural India remains the nation’s backbone in terms of population, labor, and food security, while healthcare services remain deficient and must be improved. With this fund, we are one step ahead of our goal to disrupt the healthcare system in India via our “phygital”—physical and digital—hybrid clinics.

Echoing his thoughts, Sameer Chandrakar, Co-Founder said, “Medanjali clinics will change the way we perceive healthcare.” “The digital interface, combined with the quality in-chamber facilities, will enable patients, especially those from remote villages, to access high-quality consultation at an affordable price, regardless of their geographical location.”

Furthering its cause of disease prevention and cure at the grassroots, Medhanjali Healthcare Pvt. Ltd. plans to establish clinics across the 534 panchayat blocks in Bihar within the next 2 years and become one of the foremost technology-based healthcare start-ups. Powering the revolutionary initiative stands a proactive team of 42, who are collectively working towards a massive expansion to an additional 50 clinics in the Chhapra, Siwan, and Gopalganj regions.

For more information, please visit: http://www.medanjali.com/

Disclaimer: This article is a paid publication and does not have journalistic/editorial involvement of Hindustan Times. Hindustan Times does not endorse/subscribe to the content(s) of the article/advertisement and/or view(s) expressed herein. Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the view(s), opinion(s), announcement(s), declaration(s), affirmation(s) etc., stated/featured in the same.

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