Online recruitment activities up by 7% in May: Report
New Delhi, June 6: Online recruitment activities for May registered a seven per cent growth on a year-on-year basis with the production and manufacturing sector continuing to exhibit the steepest rise at 56 per cent for the second consecutive month, a report said on Wednesday.
According to Monster Employment Index, the online recruitment activity in the sector, however, slowed by 6 percent between April and May 2018.
"Retail sector (up 39 percent) has exhibited significant growth on the year-on-year basis. The growth momentum paced up 28 percentage points between April and May 2018," it said.
In the telecom/ISP sector, the growth momentum eased further from 28 percent in April this year to 21 percent in May while banking, financial services, insurance also maintained an uptrend in the last month but the growth rate has declined progressively since the past few months.
Commenting on the latest Monster Employment Index trends, Abhijeet Mukherjee, CEO, Monster.com- APAC & Gulf said: "India retained its spot as the fastest growing major economy in the March quarter with GDP 7.7 per cent on the back of robust performance by manufacturing sector, also reflected in the sector's positive y-o-y recruitment growth numbers."
From a negative y-o-y performance at the beginning of 2018, the retail sector is seeing phenomenal e-recruitment opportunities.
This mirrors the addition of retail capacity at global companies as well as recent mergers which has led to an overall growth of the sector, he said.
According to him, telecom sector is treading with caution as recent developments have resulted in layoffs and job losses.
"City-wise, both metros and non-metros are witnessing an eased pace of online hiring activity," he added.
The report said the online hiring activity in the past month slowed in all major metro cities.
City-wise data shows, Jaipur (up 22 percent) and Chandigarh (up 21 percent) led all monitored cities by the way of long-term growth.
Year-on-year, Mumbai registered a decline of six percentage points from 15 percent growth in April to 9 percent growth in May.
Bengaluru registered three percent growth this month down from a six per cent growth in April while hiring activity in Delhi-NCR matched the year-ago level.
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Power tariffs under BESCOM to rise from May 1
Bengaluru (PTI): Power bills for consumers under the Bangalore Electricity Supply Company Limited (BESCOM) will go up from May 1, following an order issued by the Karnataka Electricity Regulatory Commission (KERC) on Friday.
The hike comes after KERC allowed the BESCOM to recover a revenue deficit of Rs 2,068 crore incurred in 2024-25, from the consumers.
As a result, for every unit of electricity consumed in 2024-25, the customers will be charged an additional 56 paise, it said.
"BESCOM shall calculate, for each of the active consumers of FY2024-25 the amount to be recovered based on their actual energy consumption during FY2024-25. Such amount shall be recovered during FY 2026-27 in equal monthly instalments, to be called as 'FY25 True up Charges', commencing from the first meter reading date falling on or after 1 May 2026 and concluding with the reading date ending on 30 April 2027," the order said.
"It is further ordered that BESCOM shall maintain a separate head of account, allocated for the purpose, to record the adjustment of the said amount to ensure full recovery of the deficit," it added.
Similarly Chamundeshwari Electricity Supply Corporation Limited (CESC) has also recorded a revenue deficit of Rs 121.71 crore and can collect an additional 15 paisa per unit for consumption in 2024-25, official sources said.
