Current Affairs - January, 2019

Latest Current Affairs January, 2019 with Current Affairs, news summary on current events of National and International importance of January, 2019 for Banking, SSC, CLAT, UPSC, State PCS, IBPS, Railways and other Competitive Examinations.

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Damper for India’s entry into NSG

In the backdrop of the meeting of the P5 (UK, US, France, Russia and People’s Republic of China) to discuss issues related to nuclear disarmament, China has again reiterated its previous stand that India’s accession to the Non-Proliferation Treaty (NPT) is pre-requisite for its membership to the Nuclear Suppliers Group (NSG) or else there should be a common guidelines for the membership of the non-NPT states.

India has refused to sign the NPT citing the discriminatory provisions which provide undue advantages to the nuclear weapon designated states.

Reasons cited by China for opposing India’s Bid

China justifies its stand by citing the following justifications:

  • There should be no double standards in enforcing the NPT.
  • NPT is the cornerstone for the international nuclear non-proliferation, nuclear disarmament and post-war international security system.
  • China has played important role in all the three aspects and China is committed to all three important goals of the treaty.
  • The international community should stick to multilateralism and promote progress the three pillars namely non-proliferation, disarmament and peaceful uses of nuclear energy.

Hence China opposes double standards in enforcing the treaty.

Is there a hidden agenda?

All the members of P5 except China have endorsed India’s membership of NSG e based on India’s non-proliferation record.

After India’s application to the NSG, Pakistan also applied for the same. Pakistan is also a non-signatory to the NPT. Pakistan dubious record and its alleged role in technology transfer to North Korea have put a black mark in its track record.

Pakistan is a close ally of China and China is demanding a two-step approach which states that NSG members first need to arrive at a set of principles for the admission of non-NPT states into the group and then move forward discussions of specific cases.

This insistence of China has become a roadblock in attaining the membership of the NSG.

State of Talent Acquisition 2019 Report: Key Facts

The State of Talent Acquisition Report by the Mercer-Mettl’s highlights the following important facts:

  • India Companies are expected to raise their hiring budgets by 34 per cent and volumes by 31 per cent in 2019.
  • Due to this increase in hiring the companies are expected to raise their hiring budgets by at least 34 per cent compared to 20 per cent of companies in 2018.
  • Technology will be a critical driver for achieving better outcomes, as well as for adapting to the growing changes in the job market and the hiring landscape.
  • The better outcomes are not just confined to recruiting an adequate number of professionals and retaining them but also managing their human capital efficiently.
  • The report notes that technology is employed extensively in sourcing (88 per cent) candidates, while it is used the least when-boarding (49 per cent), candidates.
  • The report cites that lack of budget (about 33 per cent) as the biggest obstacle to implementing technology in the talent acquisition process.
  • The respondents have cited that Human capital acquisition remained a critical issue in the country with employers indicating that ‘finding quality talent’ is a problem.
  • The human capital acquisition was cited as a critical issue by 84 per cent the in the Northern region of the country, followed by Southern Region (81 per cent), East (71 per cent) and West 58 per cent.
  • The Situation was comparatively better for larger organisations, as 67 per cent of respondents from the category said they face the least resistance in talent acquisition, although the challenge still persists in certain aspects of the process.
  • The report notes that finding talented employees for specific roles has become a major stumbling block for organisations even when they are ready to offer remunerations that are considerably higher than the market standards.

The State of Talent Acquisition Report was based on a survey of over 900 recruitment decision-makers including VPs, SVPs, EVPs, C-suite executives, directors, managers and HR executives from across the country.

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