This week brought great news on the jobs and salary front for employees from various sectors and students from various institutes. A parliamentary panel recommended withdrawal of an employment exchanges bill which was considered incompetent to make recruitment policies more transparent. On the other hand, IBA released a data according to which the banks in the country hired more than 3 lakh employees in past four years, 100% XLRI students got placed, IIM-B students got a spurt of international offers and Kotak Bank is gearing up its efforts to include more women in its workforce. It was also revealed that the new MCX chief gets a salary of over Rs. 3 crore in a year.
While Congress is promising to offer fiscal incentives for the service sector and cheap education loans as a part of its 2014 manifesto, coming elections also seem to be bringing positive hints for the jobs and skilling zone. JNU and BHU plan to open up centers in Bihar. Government also plan to go easy on education loans and has decided to waive off interest component of education loan taken before March, 2009, offering a lot of relief to almost 9 lakh families.
There were also quite a few significant movements this week, a very important one being Kiran Mazumdar –Shaw appointed as the Chairperson of IIM-B board of governors. Media network Starcom MediaVest Group appointed Hanley King as Chairman for its Indian operations, Lupin Ltd appointed Maurice Chagnaud as its President, Europe, and the Head of Strategy, inhaler drugs business, HCL Infosystems appointed two new independent non-executive directors — Sangeeta Talwar and Kaushik Dutta, S Mobility (formerly Spice Mobility) appointed Dilip Modi as its Chairman and Supratik Sen appointed as the CEO of investment firm Unilazer Ventures’ sport division.