Prøve GULL - Gratis
Workforce Migration Opportunities For Uttar Pradesh
BANKING FINANCE
|August 2020
Workforce migration is universal phenomenon related with evolution of the community living and human civilization in pursuit of biological, physiological, safety, social, economic and developmental needs.
The current phase of corona pandemic induced lockdown has seen the reverse migration in favour of safety and physiological needs. This migration is basically related to unskilled and semi-skilled workforce, which has acquired experience, skill and entrepreneurship over a period of time.
Uttar Pradesh has projected such reverse migration close to fifty lack workforce, which has created immediate challenges in the form of logistic management, quarantine and medical facilities coupled with arrangement for food grains and direct benefit cash transfer. This phase on challenge is getting normalised with each passing day except on the front of rising cases of corona infection though its pace has been reduced despite increased daily corona infection medical tests. This reverse migration has adversely impacted their employment opportunities and income levels in the existing economic framework.
Despite all these immediate concerns, this work force has brought with it the reservoir of experience, skill and entrepreneurship, which can be commercially exploited for economic development of the state and the country. During the last three years, various infrastructural and developmental projects have been launched in Uttar Pradesh for faster economic development, which can be grouped in four categories: I - Irrigation Projects
II - Expressway Projects
III - Defence Industrial Corridor Project
IV - One District One Product Project
V - Aspirational Districts
VI - Atma Nirbhar Bharat Abhiyan
I - Irrigation Project:
Denne historien er fra August 2020-utgaven av BANKING FINANCE.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA BANKING FINANCE
BANKING FINANCE
Ravi Ranjan appointed SBI managing director, to oversee risk and stressed assets
State Bank of India (SBI) has appointed Ravi Ranjan as its Managing Director with effect from December 15, 2025, according to a regulatory filing by the country's largest public sector lender.
1 min
January 2026
BANKING FINANCE
Reserve Bank News
Reserve Bank of India has appointed Usha Janakiraman as Executive Director with effect from December 1, 2025, according to an official release issued by the central bank. Her appointment comes just days ahead of the Monetary Policy Committee (MPC) meeting scheduled for December 3.
7 mins
January 2026
BANKING FINANCE
Mutual Fund News
Children's mutual funds, once a niche investment option, are increasingly becoming a mainstream tool for long-term financial planning in Indian households, especially for education-related goals.
7 mins
January 2026
BANKING FINANCE
Co-Operative Bank News
As per the Reserve Bank of India's Report on Trend and Progress of Banking in India 2024-25, State Cooperative Banks (StCBs) and District Central Cooperative Banks (DCCBs), which together constitute the short-term rural cooperative credit structure, reported steady balance sheet expansion, sustained growth in deposits and advances, and improving asset quality during 2024-25.
2 mins
January 2026
BANKING FINANCE
Legal News
Foreign firms can't claim full deduction for head of- fice expenses on Indian biz: SC
5 mins
January 2026
BANKING FINANCE
Banks unlikely to cut deposit and MCLR rates despite RBI repo rate reduction
Despite the Reserve Bank of India delivering a 25 basis points cut in the repo rate last week, banks are unlikely to reduce term deposit rates or marginal cost of funds-based lending rates (MCLR) aggressively, according to senior bankers.
1 min
January 2026
BANKING FINANCE
The Race for the Super App: Will India's BFSI Ecosystem Converge?
The concept of a Super App has its roots primarily in Asia. The term is often credited to refer to platforms that began with one core function (messaging, ride-hailing, payments) and then expanded to offer a portfolio of services accessed through the same interface. For example, WeChat in China began as a messaging app and evolved into payments, e-commerce, ride-hailing, mini-programs and more.
10 mins
January 2026
BANKING FINANCE
Government to divest up to 3% stake in Indian Overseas Bank via OFS
Shares of Indian Overseas Bank (IOB) came under selling pressure after the Government of India announced plans to divest up to 3% of its equity through an Offer for Sale (OFS).
1 min
January 2026
BANKING FINANCE
Unclaimed bank deposits in India more than double in five years
India's unclaimed bank deposits have more than doubled over the past five years, rising to Rs. 67,004 crore as on June 30, 2025, from Rs. 27,824 crore at the end of FY21, highlighting a growing challenge for the banking system.
1 min
January 2026
BANKING FINANCE
Cyber Insurance: Safeguarding Businesses in the Age of Digital Transformation
Cyber insurance, also known as cyber liability insurance or cyber risk insurance, is a specialized form of coverage designed to protect businesses from internet-based risks and more generally from risks relating to information technology infrastructure and activities.
8 mins
January 2026
Translate
Change font size
