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US private sector cuts 301,000 jobs in January

"The labour market recovery took a step back at the start of 2022 due to the effect of the Omicron variant and its significant, though likely temporary, impact to job growth," Xinhua news agency quoted Nela Richardson, chief economist at ADP, as saying on Wednesday.

Industries across sectors lauds Union budget presented by Sitharaman

Vivek Lohia, Director, Jupiter Wagons & Chairman, National Council for Railways, ASSOCHAM, opined, "GatiShakti was the limelight of this year’s Union Budget, and rightly so, as it’s one of the integral pillars of growth for India. With strong government intervention along with private investments, the railway industry will largely benefit from this plan. We can expect the cargo handling capacity of railways to increase to 1600 MT by the year 2024-25, which will also accelerate the construction of two dedicated freight corridors.”

Agriculture sector registers an upward trend, reveals survey

The share of the agriculture and allied sector in total Gross Value Addition (GVA) of the economy has settled at around 18 per cent in the long term. “In the year 2021-22 it is 18.8 per cent and in the year 2020-21 it was 20.2 per cent,” the survey stated.

Power unit REC secure 100 marks among all Public Sector Units

The Union Power Ministry claimed that the ‘Navratna’ PSU has been got the highest score of 100 for the financial 2021(FY21) for the targets and milestones set by the Department of Public Enterprises, Ministry of Finance under the rigorous and aspirational ‘Memorandum of Understanding (MoU)’ framework prescribed for the Central Public Sector Enterprises (CPSEs).

US private sector adds 807,000 jobs in December

Service sector saw a job gain of 669,000 in December, with 246,000 jobs added in leisure and hospitality, according to the report produced by the ADP Research Institute in collaboration with Moody's Analytics.