Co-working spaces and cheap rent make Delhi the best place for freelancers : Bulletin: Business Today
Business Today
 

Co-working spaces and cheap rent make Delhi the best place for freelancers

Loading the player...

October 31, 2019

Job growth improves in May-August; low-skilled jobs dominate: CMIE

Despite ongoing economic slowdown, India's employment figures have remained steady during recent months. Employment in India increased by 25 lakh from May to September 2019, according to a Centre for Monitoring Indian Economy (CMIE) survey. As per CMIE data, an estimated 40.49 crore persons were employed in India during May-August 2019, compared to 40.24 crore people employed during these months a year-ago. This translates to 25 lakh additional jobs, indicating a healthy sign because during the same period in last two years when employment had fallen.
 
Co-working spaces, cheap rent make Delhi one of the best places for freelancers

The gig economy has kicked in but what are the best cities in the world to be a gig? The United Kingdom-based information company for products and services, SmallBusinessPrices.co.uk, compared metrics such as average rent costs, number of freelancing jobs available, co-working spaces, average temperature, and broadband speeds among others, to come up with a ranking of the best cities. Only one Indian city features in the list of top 10 - Delhi.
 
Nirav Modi plays health card, seeks bail citing anxiety, depression

Playing the health card to get out of jail, fugitive diamond merchant Nirav Modi has filed another bail application citing "anxiety" and "depression". He has requested the authorities to keep him under house arrest as he is facing health issues, reported India Today. As per UK laws, a prisoner has to mention a new ground in case previous application is rejected.  Modi is the main accused in the Rs 13,700 crore Punjab National Bank fraud.
 
H-1B visa rejection rate increases; IT firms struggle to send employees to US

As part of its anti-immigration reforms, the Trump administration rejected over 25 per cent of all fresh H-1B visa applications in the financial year 2018-19. As per the National Foundation for American Policy, US Citizenship and Immigration Services (USCIS) rejected more H-1B visa applications in FY19 than FY15. Indian tech companies, which rely heavily on the H-1B applications for rendering services to clients based in the US, have been the most hit due to strict visa approval norms.
 
Indians least active, second most sleep-deprived: Fitbit

US-based fitness wearable company Fitbit has come up with a report throwing light on the active lifestyle and sleep patterns of users across 18 countries. The findings state Indians to be the least active and second most sleep-deprived after Japan. Hong Kong turned out to be the most active country with close to 10,000 steps.



More from this section