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P Venkat Rao, 46, a resident of Dantelaboru village in Bhadradri Kothagudem district, Telangana, started cotton farming after Class XII. The work was fraught with challenges. The yield was poor. The crop would get infected every now and then. The income was just enough to pay for basic needs of his family. His life changed when he saw a neighbour, Ramana, turn his cotton farm into a eucalyptus plantation and supply to ITC. In 2005, he did likewise, with ITC supporting him with knowledge of eucalyptus farming, soil testing and fast-growing clonal saplings. When he harvested the crop four years later, he earned Rs 3 lakh. The second harvest, in 2013, got him Rs 18 lakh. There has been no looking back after that. I own five tractors that I give on rent, he says. His income is now Rs 7,000 a day, from Rs 500 a day in 2005. He works with ITC as part of the company s forestry programme which helps marginal farmers grow eucalyptus that is used to make high ....

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Two in five global workforce believe their job will be obsolete within 5 yrs: Survey

Two in five global workforce believe their job will be obsolete within 5 yrs: Survey
The survey, conducted between January 26 and February 8, involved 32,500 respondents from 19 countries, including India and China.
High-stress jobs may to lead to early grave
Nearly 40 per cent of the global workforce believe their job will be obsolete within 5 years due to accelerated automation in view of the pandemic, according to a survey by PwC.
The survey, conducted between January 26 and February 8, involved 32,500 respondents from 19 countries, including India and China.
It also pointed out that the global workforce sees the shift to remote working as just the tip of the iceberg. ....

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ONE YEAR LATER: How COVID-19 reshaped our economy

The worlds of police officers and young men of color can seem oceans apart, even when they are in the same city. There is a divide that has existed for generations between these two groups. The disconnect is reflected in the massively disproportionate arrest data for males of color that resu…
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Mandatory bonus clawback rules could be introduced under audit reform plans

Financial News
Long-awaited audit reform plans to be published this week
By
Wednesday March 17, 2021 1:41 pm
A blueprint for the shake-up of the UK’s audit sector set to be published this week could include plans for the mandatory clawback of bonuses following corporate wrongdoing.
The audit reform whitepaper, due to be published on 18 March, will include proposals for the cancellation or clawback of directors’ bonuses where directors have failed to protect customers and employees interests, Sky News reported.
The. ....

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South African bosses have no plans to hire more workers this year – here's what they are looking to do instead

South African bosses have no plans to hire more workers this year – here’s what they are looking to do instead
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A year after Covid-19 was declared a pandemic in South Africa, chief executive officers (CEOs) are optimistic about global economic recovery, and the health of their own businesses – but despite this, a large number of local execs say they are not planning on hiring more staff.
Findings from the latest survey conducted by professional services firm PwC show that 57% of local business leaders predict that economic growth will improve in 2021.
However, in view of South Africa’s rising inequality and employment challenges, PwC said it is concerning that 51% of South African CEOs report they have reduced staff in the last 12 months and that 40% plan to do so in the year ahead. ....

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