India has continued to make a steady recovery from its depressing start of 2009, when less than 30% firms in the country were recruiting at professional or managerial levels
All those looking for a job, India is surely the place to be, as current hiring levels in the country for professional and managerial staff have emerged as one of the highest worldwide, reports PTI.
Global staffing firm Antal, conducted a survey-Global Snapshot-across more than 9,600 companies in 55 countries in May on whether they were currently hiring and firing at professional and managerial levels.
"The trends around the world found that not only have recruitment levels in India increased since the beginning of the year, they are now among the highest in the world," the survey stated.
India has continued to make a steady recovery from its depressing start of 2009, when less than 30% firms in the country were recruiting at professional or managerial levels.
Current hiring levels in the country are up at 73% in the survey conducted in May, from 71% in January, while the percentage of firms shedding staff is down to just 11% now from 16% earlier, the report revealed.
Countries having a higher rate of hiring included Canada (76%), Egypt and Malaysia (75%), Argentina and Saudi Arabia (74%).
China and Pakistan also witnessed strong hiring rates at 72% and 62%, respectively.
"We have seen resurgent activity in hiring in the past few months at the mid and senior levels. Our revenues have nearly doubled from the previous quarter," Antal's Mumbai office managing partner Joseph Devasia said.
"We have seen increased hiring across several sectors, including manufacturing, which is a great sign," Mr Devasia added.
The lead in the on-going recovery seems to have been taken by the manufacturing sector where a staggering 96 per cent companies are planning to hire over the next three months.
The survey also showed that Indian organisations plan on increasing their hiring activity even more, with 77% expecting to hire managerial staff over the next three months.
RGTIL, majority owned by Reliance Industries chairman and managing director Mukesh Ambani, has been allowed to charge five different tariffs along the pipeline route
Oil regulator Petroleum and Natural Gas Regulatory Board (PNGRB) has approved the tariff that billionaire Mukesh Ambani-owned East-West pipeline will charge for transporting gas from fields off the east coast to users, reports PTI.
PNGRB on 9th June approved the zonal tariff for Reliance Gas Transportation and Infrastructure Ltd's (RGTIL) 1,395-km pipeline from Gadimoga near Kakinada in Andhra Pradesh to Bharuch in Gujarat.
RGTIL, majority owned by Reliance Industries (RIL) chairman and managing director Mukesh Ambani, has been allowed to charge five different tariffs along the pipeline route. The 48-inch pipeline, the largest in Asia, has been divided into five zones of 300-km each, PNGRB said in its order.
The company will charge Rs15 per million metric British thermal unit (mmBtu) from customers like Anil Ambani Group's Samalkot power plant, which will get RIL's KG-D6 gas in zone-1 that is Andhra Pradesh.
For zone-2 and 3, the tariff has been fixed at Rs42 per mmBtu and Rs53.69 per mmBtu respectively, but there are very few customers on this stretch of the pipeline.
For zone-4, falling in Maharashtra, the tariff has been fixed at Rs58.75 per mmBtu and Rs60.94 per mmBtu is the tariff that customers in Gujarat will pay to RGTIL, the order said.
Most of the KG-D6 customers are in Maharashtra and Gujarat.
PNGRB said the tariff would be applicable from 1 April 2009 when the pipeline began shipping gas from KG-D6 to the customers.
"The difference between the zonal tariff already charged by the entities and that approved by the board shall be adjusted retrospectively with the customers for the relevant periods," the order stated.
PNGRB had, on 19th April, approved a provisional levelised (or average) tariff of Rs52.23 per mmBtu for the pipeline that can transport 80 million standard cubic meters per day of gas when all the 10 compressors are installed.
RGTIL, which charged Rs15 per mmBtu for transporting gas in zone-1 and Rs61.77 per mmBtu for states between Andhra Pradesh and Gujarat, had sought a levelised tariff of Rs53.64 per mmBtu.
PNGRB's order asking RGTIL to have five zonal tariffs would mean that it will charge different transportation fee for ferrying gas to users in Andhra Pradesh, Maharashtra and Gujarat.
In effect, users in Maharashtra, like the Dabhol Power, Plant will have to pay less than those in Gujarat. Currently, users in both states pay the same tariff.