PM Modi to launch drive to recruit 10 lakh people
New Delhi (PTI): Prime Minister Narendra Modi will launch 'Rozgar Mela', a drive to recruit 10 lakh people, on October 22 via video-conference and appointment letters will be given to 75,000 candidates during the ceremony, the PMO said on Thursday.
The PMO said this will be a significant step forward towards fulfilling the continuous commitment of the prime minister to providing job opportunities for the youth and ensuring welfare of citizens.
According to Modi's directions, all ministries and departments are working towards filling up existing vacancies against sanctioned posts in a "mission mode", the statement from the Prime Minister's Office said.
The new recruits, selected from across the country, will join 38 ministries or departments of the Government of India. The appointees will join the government at various levels in Group A and B (Gazetted), Group B (Non-Gazetted) and Group C. The posts on which appointments are being made include the central armed force personnel, sub-inspectors, constables, LDC, steno, PA, income tax inspectors and MTS among others, it read.
These recruitments are being done by ministries and departments either by themselves or through recruiting agencies such as UPSC, SSC and the Railway Recruitment Board. For expeditious recruitment, selection processes have been simplified and made tech-enabled, the PMO said.
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Rupee hits all-time low for second time in a week
Mumbai (PTI): The rupee depreciated 31 paise to settle at 91.99 against the US dollar on Wednesday, touching the lowest closing level for the second time in less than a week, amid increased month-end demand for the greenback.
Forex traders said the rupee opened higher as the US dollar index softened and a long-awaited trade breakthrough with Europe offered quiet reassurance. However, increased month-end demand for the American currency as well as the ongoing geopolitical tensions dented investors' sentiments.
At the interbank foreign exchange, the rupee opened at 91.60 and touched an early high of 91.50, but pared all the gains to touch an intra-day low of 91.99 against the greenback.
The domestic unit settled 31 paise down, revisiting its lowest-ever closing level of 91.99 against the greenback. The Indian currency previously ended at this level on January 23 when it also hit its all-time intraday low of 92 against the US dollar.
On Tuesday, the rupee rebounded from its all-time low levels and gained 22 paise to close at 91.68 against the US dollar.
Analysts said the rupee opened higher as the US dollar index softened and a long-awaited trade breakthrough with Europe bolstered investor sentiment.
India and the European Union on Tuesday announced the conclusion of negotiations for the free trade agreement (FTA), under which a number of domestic sectors such as apparel, chemicals and footwear will get duty-free entry into the 27-nation bloc, while the EU will get access to the Indian market at concessional duty for cars and wines, an official said.
The deal has been dubbed the "mother of all deals" as it will create a market of about 2 billion people.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.07 per cent lower at 96.14.
Brent crude, the global oil benchmark, was trading 0.43 per cent lower at USD 67.28 per barrel in futures trade.
On the domestic equity market front, Sensex jumped 487.20 points to settle at 82,344.68, while Nifty surged 167.35 points to 25,342.75.
Foreign Institutional Investors turned net buyers and purchased equities worth Rs 480.26 crore on Wednesday, according to exchange data.
