SBI Recruitment 2020. 3850 officer openings

SBI Recruitment 2020. 3850 officer openings. More details can be found on the official website of the bank

SBI Recruitment 2020. 3850 officer openings

The last date to fill the applications is August 16, 2020. Candidate with graduation or a similar degree is eligible. Also, the candidates will need to appear for an interview and will be selected based on that.

Selected candidates will join either of the following circles

3850 Circle Based Officer posts
Gujarat-750 Posts
Karnataka-750 Posts
Madhya Pradesh-296 Posts
Chhattisgarh-104 Posts
Tamil Nadu-55 Posts
Telangana-550 Posts
Rajasthan 300-Posts
Maharashtra (excluding Mumbai)-517 Posts
Goa-33 Posts

Application Fee: A fee of Rs.750 is applicable for General candidates, but SC/ST candidates will have no fee

Important Dates to remember:
Starting date to fill the application: July 27, 2020
Last Date: August 16, 2020

Also, read: Delhi government launches a job portal to create job opportunities

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Delhi government launches a job portal to create job opportunities

Under the leadership of Kejriwal, the Delhi government launches a job portal to create job opportunities. This job portal is aimed at people who lost jobs in this lockdown.

Delhi government launches a job portal to create job opportunities

The government names the website as ‘ Rozgar Bazar’. This website can be used by candidates who are seeking jobs and also employers who want to recruit.

On Twitter, Mr.Kejriwal announced the launch of the website and hopeful that it helps the people get jobs. He also adds that this will boost the economy of the state and the country.

At the press conference, Mr. Kejriwal says that job seekers can update their profile on the website and recruiters can add options regarding qualifications and other requirements.

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He also says that this is a big step towards reducing the gap between job seekers and recruiters. He further requested all the migrant workers to come back to Delhi as the situation becomes more and more stable day by day

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Karnataka government approves the 70% local jobs policy

Karnataka government approves the 70% local jobs policy. This is a new industrial policy for 2020-25, that aims to allocate 70% of the total job openings to Karnataka people.

Karnataka govt. approves 70% local jobs policy

The industries Minister of Karnataka, while announcing this policy says that the state aims to attract Rs.5 lakh crore worth of investments. Under this policy, around 20 lakh job opportunities will be provided.

This new policy will also help Karnataka to become third in merchandise exports in the whole country. Currently, it is in the fifth position. The state is also aiming for a 10% increase in industrial growth. In order to achieve this, the state is promoting industrial activity in areas other than Bangalore

The investment promotion will also be provided to the companies based on the turnover. These companies will receive 10% of the turnover per year, until 5 years. Exemption of stamp duty, concession on registration charges will also be provided.

These companies will also be provided with reimbursement of land conversion fee. But for medium, large, and mega industries the investment subsidy will be of 1.75% to 25% for a total period of 5 to 10 years

Also, read: Indian companies lack empathy: Ratan Tata

Under this new policy, the state also wants to develop private industrial parks which helps in providing several job opportunities

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UC Web owned by Alibaba suspends India’s operations

Recently, the Indian government decides to suspend 69 Chinese Apps due to the tensions at the border. Due to that yesterday, UC Web owned by Alibaba suspends India’s operations. It also lays off 90% of its total of 350 employees

UC Web, owned by Alibaba suspends India's operations

Various employees across several levels of experienced, associate, entry-level positions are informed via video conferencing about the layoffs. These employees have a 30 days notice period.

On June 29, the Indian government decides to suspend several Chinese apps including Tik Tok, UC Browser, We Chat, Helo, etc. Among these, Tik too has the biggest user base with 200 million active users

A spokesperson belonging to UC Web says that they align with the government’s decision to block these apps. He didn’t announce any plans further.

On Thursday, the Indian employees who are working at Alibaba’s video blogging platform Vmate are also laid off. The UC Browser, owned by Alibaba has a user base of 430 million across the world. Out of them, 130 million are Indians.

The UC browser is the second most used browser in the country, next to Chrome.

Also, read: SBI plans to adopt work from home model and save 1000 crore

India accounts for 5% downloads of all these banned apps in the Play Store and the App Store of iOS. Earlier to the ban, these Chinese firms announced their plans to expand their business and further invest in the country.

Tiktok and Helo’s parent company ByteDance announces that it is going to invest $1 billion in the country. Alongside, UC Browser announces the plans regarding launching an e-commerce store and also sell movie tickets

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Karnataka government creates an online job-forum

The Karnataka government creates an online job-forum. The CM of Karnataka launched this portal name “Skill Connect Forum” on Monday. This platform connects job seekers and employers

Karnataka government creates an online job-forum

The Skill Development, Entrepreneurship, and Livelihood department says the unemployed person will be given a skill to master and find jobs on it.

The current situation in the country is worse after the coronavirus has hit the economy. Many jobs are lost and most people are looking for jobs. In order to help people find jobs currently, the Karnataka government creates an online job-forum.This initiative comes at the right time to help the candidates search for jobs

Read more: Infosys can survive the H1B visa ban: Chairman

The Karnataka state government is also trying to introduce amendments to industrial and labour laws to attract potential investors and improve the ease of doing business in the state. This will create a lot of employment.

The Deputy CM of Karnataka says that until now there is no communication or information between the job-seeking candidates and the employers. This forum will solve that problem effectively.

Is this available to everyone?

This job platform is available to everyone. Any person can register on this forum by adding details of their educational qualifications, skills, and other relevant details. On this platform, the employer can also register to hire candidates.

Also, Post lockdown, the state government amends several laws to attract investors. With these amendments, it will be easy for any firm to procure land and start the production without any delay. Modification of labour laws helps the firms to make up for the lost time due to the lockdown and help boost the state’s government

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SBI employees might work from anywhere soon

SBI is revamping its work from home policy. Soon, SBI employees might work from anywhere. India’s largest bank is coping with the after-effects of the coronavirus. During the annual report, SBI says the focus of the bank in the coming days will be on business procedures and rapid adoption of digital technology

Soon, SBI employees might work from anywhere

SBI believes that the current fiscal year will be challenging for the bank due to the corona outbreak. Also, the bank feels that they will be a change in the behavior of customers as well

Also, read: Cognizant forces its benched employees to resign

Until now, only 21.8% of the overall customers have availed the moratorium. The bank achieved 98% branch operability and 91% alternate channel operability during the lockdown.

SBI has a Business Contingency plan(BCP) in place during emergency situations. BCP’s main task will be to assist the customers and also to support essential backend services. The entire world is moving towards a more robust work from home policy. To cope up with this, the bank is also planning to revamp it WFH policy

How does bank want to tackle this

The bank believes that technology and productivity tools are also in place to assist the employees to work from home efficiently. SBI believes that employees can choose to opt from Work from anywhere(WFA) with this technological help.

Also, read: Infosys’s 33% staff to WFH permanently in the future

WFA has already been introduced in the foreign branches and soon it will be implemented in the domestic offices as well. SBI believes this move will reduce the operational costs for the bank by providing additional motivation and productivity to the employees

With the coronavirus, global manufacturing is disrupted. Many companies are looking to set up their branches in the country. This will be a great opportunity for banks.

For the FY19-20, SBI posts a net profit of Rs.14,488.11 crore which is higher than Rs.862.33 in FY19

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DRDO Notification: Walk-in-interview on July 1st

DRDO released a notification to fill for the post of Junior Research Fellow and Research Associate. Interested candidates can appear for a walk-in-interview on July 1st.

DRDO Notification: Walk-in-interview on July 1st

The Defense Research and Development Organisation(DRDO) is hiring for the job roles to work at DRDO Project at Defense Laboratory in Jodhpur, Rajashtan. The walk-ins will be conducted from July 1st to July 6th

Notification details:
Junior Research Fellow: 7 posts
Research Associate: 2 posts

Important Dates to remember:
Notification start date: June 18th, 2020
Last date for submission: July 6th, 2020

Post Details:
Place: Jodhpur, Rajasthan
Organization: DRDO
Educational Qualification: Post Graduate, Doctorate, Other Qualifications, Graduate
Function Stream: Engineering, Educational

Research Associate: Rs.54,000 per month with HRA and Medical facilities
Junior Research Fellow: Rs.31,000 per month with HRA and Medical facilities

Official Notification can be found here

Official website of DRDO: DRDO Website

Interested candidates can appear for walk-in from July 1st to July 6th at Defence Laboratory, Ratanada Palace, Jodhpur – 342011 (Rajasthan) with the required documents.

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The suspension of new H1B visas affect the Indian-firms in the US

The USA under Donald Trump plans to suspend new H1B visas. Suspension fo new H1B visas will affect the Indian firms in the USA. This could prevent people from coming into the country until the ban is lifted. The move could affect the Indian origin companies as well. In order to handle this, companies like TCS, Infosys will have to hire American citizens to fill the vacant positions.

The people who are already having visas will not be affected by this rule. The Indian IT firms use the H1B visas to send highly skilled people from India to the USA. According to the immigration data, India accounts for 70% of the 85,000 annual limits for the H1B visas issued.


Recently the rejection rates for the Indian firms for H1B visas have raised from 5% in 2015 to 24% in 2019. On Friday, NASSCOM said that they seek exemption for the technology workers from any restrictions being imposed.

For most companies, the US is the main market for its revenue. For example, TCS which operates in 50 countries, has the s their biggest revenue generator. Tata Sons chairman said during the annual shareholders meeting that these visa restrictions continue to evolve timely and TCS has the responsibility to comply with these situations.

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For major IT companies, 60-65% of the total operating costs will be of staff costs only. If these companies are going to hire the local talent, who costs more than the H1B visa individuals, the company’s operating margin might decline by 30-80 points, according to a report by CRISIL.

In FY20, Infosys has hired around 78% of its senior management in the USA locally. In the Annual sustainability report, Infosys said that it is looking to strengthen the local hiring and continue to increase the senior management proportion with the local talent.

Also, several industry analysts feel that hiring local talent is one way to handle these H1B visas suspension. However, most of them believe that the ill always welcome great talent to come and work in their country.

Most of the companies feel that these new restrictions by the US government will bring their projects to a halt and affect their revenue if they couldn’t hire the local talent.

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Soon Delhi government will announce its plan to generate jobs in the state

Delhi government is planning to launch a special program in the upcoming week to help the job seekers in the state by bringing the employers in the city to generate job offers.

An official of AAP recently disclosed that the government will soon come up with reforms to restore the state’s economy which has been altered due to the widespread of coronavirus since the start of March 2020

Earlier this month, the Lt. Governor Anil Baijal had addressed the chief minister of Delhi, Mr.Kejriwal suggesting him to create a panel consisting of the industries commissioner in order to come up with the measures which could help people and businesses of the state. He also requested the CM to give special focus to the daily workers and improve their situation who are greatly affected due to coronavirus

The daily workers have moved out of Delhi due to the corona impact and most of them have already lost jobs. The government is planning to help the daily laborers by creating a portal where the employer can hire the workers

The government said that the plans to release the web portal are set to next week or later this week. The government is optimistic about this plan, as many industries are looking to restart their operations in a phased manner

Mr. Baijal had asked the government to also concentrate on attracting new investments into the state. Recently, TamilNadu had announced that it has agreed on deals with various big industries to set up manufacturing plants in their state. He also said that the sub-cities like Dwaraka, Narela, and Rohini can be developed by attracting various investors who are looking to establish their firms in the respective places.

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‘Marginal impact on Profits’ for Infosys due to the impact of COVID19. Salary of CEO at $6.15 million

Infosys has recently said that the business has been marginally impacted on profits due to the impact of coronavirus. It was also stated that the cash flows negatively for them, currently. According to the latest reports, the CEO drew a package of $6.15 million for the FY20. This has been mentioned in the regulatory filing by the Infosys

Infosys also said that the profits which are marginally impacted are due to most of their clients are asking for price reductions and discounts. In a 20-F submission to the US securities, Infosys has said that their cash flows are negatively impacted by the prolonged payment term requests from clients and low profitability. This may impact the payment of dividends to their stakeholders.

The company has also said that some of its clients have invoked the ‘Force Majeure’ clause in their contracts which is negatively impacting their business.

Not just Infosys, the corona outbreak has negatively impacted the global economy and all the businesses. Most of the companies, including Infosys has decided not to provide a revenue outlook for FY21 due to the impact of coronavirus

Pre-COVID, Infosys has said that there has been an increase in the number of rejections for visa and visa renewal from the United States and some other countries. Due to this, the company has to face the delay or bear the additional cost due to the uncertainty of whether the employee will join at the right time in the right project. The company also highlights that similar situation happened in Australia and the UK as well where the government will focus on “net migration”

Due to this crisis, the companies are preferring to employ local individuals and this could lead to an increase in the restrictions by the governments. The company also says that these extended restrictions will impact the overall cost and expenses for client delivery due to the additional costs in renewing the visas

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Tamil Nadu attracts new investments with the potential to create 47K jobs

When the entire global economy and the country’s economy is in a slowdown, the situation is quite different in the state of TamilNadu. On Wednesday morning it was reported that the state government of TamilNadu has signed 17 MoUs(Memorandum of Understanding) worth of Rs.15,128 crores. This has the potential to create 47000 jobs in the state

The huge investment includes Daimler India Commercial Vehicles which is planning to expand its base with an investment of Rs.27,777 crore and create 400 jobs in the process. Daimler is looking to expand its base at Oragadam, the third-largest plant outside Germany.

Another firm, Salcomp, which is a charger manufacturer that has its headquarters at Finland, is investing in Chennai. The worth of the investment is Rs.1300 crores. This will create a huge number of 10,000 jobs in the state. Salcomp has acquired the major part of Nokia’s SriPerumbudur plant near Chennai. Previously, it was closed due to an income tax dispute. In 2019, the company has signed an MoU of Rs.500 crore with the TamilNadu government.

Ashton Shoes Pvt. Ltd. has formed a coalition with a Thailand based footwear manufacturer Chung Jye shoes and planning to invest Rs.350 crores which have the capacity to create 25,000 jobs.

Singapore based ST Tele Media is also investing in opening a data center in the TamilNadu state. This will be located at Siruseri. Similarly, US-based firm HDCI is also investing in opening a data center in the state. The demand for data center space and an increase in content delivery has led to these kinds of investments from big firms.

TamilNadu government has created a near to perfect environment for the firms to invest in the state

A semiconductor manufacturing company from Japan, Polymatech is also investing 900 crores to open a facility in the state. The investment worth is Rs. 900 crores and it’s going to create around 600 jobs.

N.Murugunandam, the secretary of the industries department has said that with the numbers of factories in the state are significantly higher than the other regions in the country, TamilNadu is not just India’s factory but an entire eco-system that connects global value chains. He further added that this is an example of a steady investment climate and competitiveness for export in the state. He concluded by saying that the government is in touch with multiple companies and more investments are planned.

The state government of TamilNadu had also formed a special task force to attract investments from countries like Chine, Korea, Japan, Taiwan, Singapore. The government is also offering special packages for the firms which are looking to invest in the state and relocate their businesses.

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The country is facing its worst recession in the current fiscal year: Crisil

Since Independence, it is the fourth recession India is facing. This is also the first since liberalization. On Tuesday, CRISIL said that this is the worst of all the recessions the country has faced. It predicted that the economy will shrink by 5% due to the coronavirus in the current fiscal year

While assessing the country’s GDP, CRISIL said that the first quarter of this fiscal year, which is from April to June will see a massive drop of about 25%. In real terms, about 10% of the GDP will be lost permanently, by the country. So, whatever the growth rates the country has seen before the pandemic is very unlikely for the country to achieve.

In the past, India has only ever faced a recession three times according to the available data. It is during 1958, 1966, 1980 fiscal years. All those years the recession has occurred due to the rainfall hitting the agriculture heavily and it impacted the economy of the county.

  • India could face the worst recession it has ever seen
  • This time agriculture could help reduce the impact of the recession unlike the previous recessions
  • GDP could fall drastically
  • Non-agriculture sectors will be impacted heavily
  • Help package of Rs.20 lakh crores will help the country’s economy in the short term

CRISIL said that this current recession could be different as the agriculture looks to soften the blow with normal crop yield expected due to the normal monsoons. The lockdown in the country, due to the coronavirus has been implemented from March 25 and will be there until May 31. This had a huge impact on economic activity in the country.

According to CRISIL, the first quarter is the one which is greatly affected due to the recession. Non-agriculture sectors like education, travel, tourism are some of the sectors greatly impacted with this recession and will show an effect on the upcoming quarters as well. The jobs and incomes of the people working in these sectors will see a heavy loss.

According to the stats, industrial production has fallen over 16% this quarter, exports reduced by 60%, and new telecom subscribers have been reduced by 35%. According to CRISIL, April month could be the worst of all in this fiscal year.

S&P Global had issued numbers that say that one month of lockdown implemented in the country will reduce the annual GDP by 3% on an average in the Asia-Pacific region. CRISIL forecasts that India’s GDP will fall by 5% in the 2021 fiscal year. This could be helped a little bit by the agriculture which could see an increase of 2.5%

The government had announced an economic relief package of Rs.20.9 lakh crores which could soften the blow of the recession in the short term.

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This new EPF rule will change the CTC and increase your in-hand salary for this month and the next two months

The change in the EPF rules will change the in-hand salary you get, this month but the overall CTC will not be affected. According to this new change, the contribution rate of both employer and employee will be modified from 12% to 10%. The EPF body says that this could ease the pressure on both of them in these tough times.

Currently, both the employer and employee contribute 12% each, making it 24% whole of the basic salary and dearness allowance to the retirement savings maintained by the EPFO. With this new rule in place, for this month and next two months, the contribution from both the parties will be 20% combined(10% from the employee and employer)

The in-hand salary of an employee gets will increase by 4% of the basic salary and DA. As a simple example, if the basic salary of the employee is Rs.1000 and Rs.1200 is the usual contribution towards EPF, this month it will be only Rs.1000 and the employee will get in hand salary of Rs.9400, instead of the usual Rs.9000 every month.

The labour ministry also announced that with this reduction of the PF contribution from the employee and employer, the employee will take home a higher pay.

The labour ministry also said that employee can choose to contribute more than 10% of their basic wages in the next three months, but employers are not required to do the same.

This new rule and reductions are not applicable to entities like Center and State Public Sector Enterprises or any other entity which is owned or controlled by the Central or State Government. These entities will contribute 12% of their salaries as usual

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A Survey says, Eight out of 10 urban jobs are lost during this lockdown

Recently Azim Premji University had conducted a survey related to jobs and job losses during the lockdown period. The results of the survey are shocking as eight out of 10 jobs in urban India are lost in this period.

Also, the survey was conducted on how far the government’s money is being reached to the households. The survey results show that nearly one-third of the vulnerable households in the country are getting the help of the government’s cash benefits. In rural areas, just above half percent of the households are getting these benefits from the government.

The Center for Sustainable Employment of the APU had conducted this survey across 4000 workers over the 12 states in the country. Also, the survey results have shown that only one-fourth of the 688 farmers have received benefits over the PM-Kishan scheme.

The workers and farmers who participated in this survey have said that Rs.500 is enough for them to sustain for two-three days. According to the results of the survey, these people should be given a minimum of Rs.7000 in the next two months to help them overcome this situation.

The results of the survey have told that the lockdown which has been imposed since March 24 has affected the overall economy and particularly the informal and migrant workers along with their families. The survey has also told that several policy measures are to be implemented to immediately help the affected in the country, along with the implementation of long term policies.

This survey has compared the current situation to the situation pre-lockdown which is February. As part of this survey, the self-employed, casual, regular wage, and salary workers are interviewed. Around more than 90% of the farmers could not sell their produce at a full price during the lockdown.

One of the shocking results of the survey is that around 80% of households have consumed less food than before.

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Infosys co-founder Mr. Narayana Murthy thinks that Indians should work for 60 hours a week in the next 2-3 years to revive the economy

Every country in the world has been affected by Covid. The economies are crashing. Everyone was worried about how to overcome this crisis. Even in India as the lockdown appears to end soon, everyone was wondering how to start the revival of the country once this lockdown is over. Several experts are sharing their own plans to help the country. One such person is Infosys co-founder Mr. Narayana Murthy. He shared his view on how the country can come up with a plan of revival

Mr. Murthy said the factories to be reopened should be based on the data about who is the most vulnerable. He thinks that as the elderly are most vulnerable the factories must supply them with protective gear like masks, goggles, suits, etc. Also, he said if he had a chance to come up with the plan he would make sure that all the younger people would work at the firms with this protective gear and all the elderly would work from home.

He said that the government should analyze the data and make decisions. Relying on data is necessary rather than relying on opinions.

He also said that even if the government is going to test 1 lakh, people, a day, it would take the last person to get tested only after 37 years. Hence the country should learn to live with the virus for the next 12-18 months at least with no vaccine in sight.

He said that Indians should take a vow and help the country to revive the economy by working 10 hours per day and 6 days a week. He feels that only this is necessary to help the government in reviving the country’s economy. Also, he thinks that the govt. should appoint a committee of experienced individuals who can guide the government to handle the businesses.

For the startups and small companies, the govt. should look to allocate loans. In this way, the govt. can make sure that there is enough capital for these firms to run for at least 6 more months. He also further added that the need of the hour is productivity. Whatever it is that improves productivity should be given a priority. Even if it is working from home or working from office if it is improving your productivity and the productivity of the organisation, it should be made a priority.

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