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Haryana quota for locals to impact 1.5 lakh jobs; firms search exit route


Haryana jobs quota to impact 1.5 lakh; firms look for exit route
With lack of skills to match jobs, NASSCOM Survey says companies are planning to move operations and ramp down investments due to the new reservation rules in Haryana
Rukmini Rao | March 23, 2021 | Updated 11:02 IST
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IT industry body NASSCOM has conducted a survey to assess the impact of the notification of The Haryana State Employment Of Local Candidates Act, 2020 which aims to reserve 75 per cent jobs in private companies for local candidates. Out of the 73 companies that participated in the survey and have over 144,000 employees in Haryana, 80 per cent see this move impacting their operation and investment plans. They either intend to shift operations to other states or increase hiring in other states, the survey found. ....

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Detailed text transcripts for TV channel - MSNBC - 20120708:17:23:00

Aren t laying people off but not hiring either. kind of riding it out? they don t need to hire because demand is not going up because people are not spending money. i mean it is possible, i suppose, we could see a little bump upward after the summer, i just don t think there is anything that will generate that the real positive scenario might be in 2013, if we actually do get these problems solved, then i think could you see a nice relief rally in the stock market, thought we escaped disaster, didn t have armageddon, get through that debt limit increase that is going to have to happen. if that all happens without too much collateral damage, i think then, yeah, companies might say, we got that behind us, we can move forward. quickly be a politician or political analyst for me then s this the kind of thing president obama needs keep going into the leeks? what he has to say keep riding it out, we are on an upward trend? i think obama could pull some leifer around increase hiring b ....

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