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Veteran industry leader Shiv Shivakumar says the younger workforce will be impatient and non-hierarchical. Amid growing demand for freshers and young professionals, veteran industry leader Shiv Shivakumar says that the younger workforce will be impatient and non-hierarchical and they will go for impact and relevance. “I think younger workforce will not respect age, they will respect relevance and impact,” Shivakumar told Moneycontrol. “The younger workforce will be impatient and non-hierarchical. They will expect a lot more from companies in terms of learning, development etc. They will build their own personal brands on social media,” added Shivakumar, group executive president, corporate strategy, at the Aditya Birla Group. Shivakumar, who was formerly the chairperson of PepsiCo Holdings in India and CEO of emerging markets at Nokia, said Gen Z need to give a company they join three to four years, contribute and learn the ropes. He said such an approach can never go … [Read more...] about Younger workforce will not respect age, they respect relevance and impact: Shiv Shivakumar

Unprecedented forest fires in the drought-stricken western United States . Tropical storms and rising seas threatening the Gulf and Atlantic coasts. Sizzling heat across large swaths of the country. As climate change unfolds before our eyes, what can the U.S. do to sharply and rapidly reduce its share of the greenhouse gas emissions that are causing it? advertisement advertisement The Biden administration has committed to reducing those emissions 50% by 2030 to below 2005 levels. That’s a critical first step of a global energy transition that must achieve net-zero emissions by midcentury to limit warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) and thereby avert the worst impacts of climate change. Twenty years ago, I would have regarded the U.S. 2030 pledge as crazy talk. But a new study in the journal Science that I coauthored, compares results from six independent analyses conducted by academic, industry, and nongovernmental … [Read more...] about How we can meet Biden’s 2030 climate goals with today’s technology

Tengku Zafrul: The MoF will continue to monitor external factors that can have a negative impact on the domestic economic situation to ensure that the cost of living of the people is under control. (Photo by Zahid Izzani Mohd Said/The Edge) - A + A KUALA LUMPUR (June 25): The projected consumption subsidy expenditure of RM77.3 billion so far for 2022 is the highest subsidy in history ever borne by any government, said the Ministry of Finance (MoF). Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said the projected consumption subsidies cover petrol, diesel and liquefied petroleum gas (RM37.3 billion), cooking oil (RM4 billion), flour and electricity to reduce the people's cost of living, and subsidy bills (RM9.7 billion), excluding welfare assistance from 2018 to 2022. “When added to other assistance such as social welfare assistance, including Bantuan Keluarga Malaysia (BKM) (RM11.7 billion) and other subsidies (RM14.6 billion), the total subsidy so … [Read more...] about RM77b subsidy so far this year highest in history, says Zafrul

Mustapa says the government is always serious about the rising cost of doing business due to bureaucracy and the impact of the shortage of foreign workers on the economy as often raised by industry. (Photo by Mohd Suhaimi Mohamed Yusuf/The Edge) - A + A TUMPAT (June 25): The government will pay attention to four proposals submitted in writing by the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) before tabling Budget 2023 in October. Minister in the Prime Minister's Department (Economy) Datuk Seri Mustapa Mohamed said the four proposals are related to the issue of hiring foreign workers, inflation control, Internet access problems and issues related to food security. “The government welcomes participation and commitment from the private sector and the business community as demonstrated by the ACCCIM to jointly find solutions to the challenges faced in doing business, especially in the context of the country’s post-Covid-19 economic … [Read more...] about Govt to pay attention to four ACCCIM proposals for Budget 2023, says Mustapa

Ukrainian service members walk in the industrial area of the city of Sievierodonetsk, as Russia’s attack on Ukraine continues, Ukraine June 20, 2022. (REUTERS/Oleksandr Ratushniak/File Photo) KYIV/POKROVSK, Ukraine — Russian forces have fully occupied Sievierodonetsk, the mayor of the eastern Ukrainian city said on Saturday, confirming Kyiv’s biggest battlefield setback for more than a month, after weeks of some of the war’s bloodiest fighting. Ukraine called its retreat from the city a “tactical withdrawal” to fight from higher ground in Lysychansk on the opposite bank of the Siverskyi Donets river. Pro-Russian separatists said Moscow’s forces were now attacking Lysychansk. The fall of Sievierodonetsk — once home to more than 100,000 people, now a wasteland — was Russia’s biggest victory since capturing the port of Mariupol last month. It transforms the battlefield in the east after weeks in which Moscow’s huge advantage in firepower had yielded only slow gains. Russia will … [Read more...] about Ukrainian city falls to Russia in one of war’s bloodiest fights

PETALING JAYA: You buy a bottle of your favourite fruit juice, slurp it down and then throw it into the nearest bin. The whole process may just take 10 minutes – but that glass bottle could be here for 1,000,000 more years. Glass is not being recycled, at least not in a major way. ALSO READ: No market for recycled glass bottles Most recyclers are business-driven and only focus on materials that give them the most returns, like plastic and paper. Environment and waste management specialist Dr Theng Lee Chong said the reason plastic is favoured over glass is because it can fetch a better price in terms of reselling and production cost. “Other factors that turn recyclers off from glass are that it takes up more space, weighs more and is harder to handle in terms of transportation and logistics. “Not all types of glass can be recycled. Bulbs, sheet glass, windshields and car accessories as well as windows cannot be recycled because some may contain hazardous material like … [Read more...] about No money to be made in recycling glass in this age of plastic

Representative Image After multiple rounds of deliberations, the Digital Lenders Association of India (DLAI) has decided to seek a six-month extension and meetings with Reserve Bank of India (RBI) representatives on the regulator's recent clarification barring several fintechs from facilitating credit through Prepaid Payment Instruments (PPIs) of their partner banks. While a final representation is yet to be sent to the regulator, Moneycontrol could gain access to the draft letter of June 24 addressed to the Department of Payment and Settlement Systems and the Department of Regulation within the RBI. In the letter, DLAI argued that business models that involve lending through prepaid instruments like wallets and prepaid cards were developed with: (a) the objective of ensuring accessibility of affordable and easy credit to the middle and low-income households in India and achieving financial inclusion; and (b) safeguards to account for systemic risks in transactions as … [Read more...] about Digital lenders seek 6-month extension, meeting with RBI, on PPI-based lending

Razorpay plans to raise its workforce to 5,200 by December and fill the remaining 200 positions in a year’s time from now Bengaluru-based digital payments platform PhonePe plans to double its employee strength by the end of December as it taps a boom in online transactions, the company said on April 5. The company , the market leader in transactions on the Unified Payments Interface (UPI), has 2,600 employees and 2,800 open job positions across cities such as Bengaluru, Pune, Mumbai, and Delhi it is seeking to fill. It plans to raise its workforce to 5,200 by December and fill the remaining 200 positions in a year’s time from now. PhonePe, owned by Flipkart and Walmart, plans to hire employees across engineering, products, analytics, business development, and sales. Also Read: PhonePe Pulse Q4 2021 Report: Maharashtra crosses 1 billion transactions, merchants drive highest payments Close “We are building a long-term sustainable organisation, anchored on … [Read more...] about PhonePe to double employee count by December

In another monumental 6-3 ruling, the U.S. Supreme Court on Friday eliminated the federal right to an abortion, striking down the protection granted by the Roe v. Wade decision in 1973 and now leaving rights and regulations to states. advertisement advertisement The consequences of the decision in Dobbs v. Jackson Women’s Health Organization will be severe, and in some cases, immediate: Many states have “trigger bans,” allowing abortion prohibitions to go into law right away. Other states intended to put into place bans after the decision was published, which was all but certain following a leak of the draft in May. But the consequences of the broad decision could be even more far-reaching than women’s rights to abortions, namely placing in danger the legal rights to contraception, same-sex marriage, and even private sexual relationships. The basis of the decision, in the opinion written by Justice Samuel Alito, was that the right to abortion … [Read more...] about This line in the Supreme Court abortion ruling signals gay marriage and contraception could be next

Millions of Americans don’t have access to high-speed internet, the majority of whom live in rural areas. To help the 4,000-plus member owners of its farmer cooperative, Land O’Lakes CEO Beth Ford has made it her mission to advocate for public and private investment in broadband access. advertisement advertisement Internet connectivity is necessary for quality education and healthcare. Without the right tools and technology, it’s harder for farmers and their families to be successful. “When farmers aren’t secure, it leaves us less secure as a nation,” says Ford. To help bridge the digital divide, Ford spearheaded Land O’Lakes’ American Connection Project . Advocating for private and public sector investment in rural internet infrastructure, the effort includes over 170 organizations. Ford is working closely with U.S. Commerce Secretary Gina Raimondo, and was in D.C. for the signing of the $65 billion infrastructure bill that will … [Read more...] about Beth Ford wants to change the narrative about rural America