Healthcare Current Affairs - 2019

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India launches third IT corridor in China

India has launched its third IT corridor in China. The corridor will facilitate partnerships between Indian and Chinese companies. National Association of Software and Services Companies (NASSCOM) entered into a partnership with China’s Xuzhou city from Jiangsu Province in China to help develop the IT corridor.

IT Corridor

  • IT corridor facilitates partnerships between Indian and Chinese companies by enabling Indian software and service industry associations to enter the Chinese market and seize the development opportunities in China.
  • The corridor facilitates will facilitate match-making between Indian companies wanting to collaborate with companies in China looking to adopt digital transformation from verticals such as manufacturing, retail, automotive, healthcare and utilities and help them create innovative product and solutions in the co-create mode.
  • The corridor will help create more jobs in China and India and facilitate talent transfer between the two countries.
  • The earlier two corridors launched at Dalian and Guiyang cities has brought to fore opportunities with over 300 companies where more than 10 Indian SME companies have signed deals worth 31 Million RMB (USD 4.5 million).
  • The first two corridors had enabled cooperation in co-create mode in the emerging technologies such as AI, IoT and Analytics in the Chinese market.

IT corridor project between India and China strengthens India-China Digital Cooperation by leveraging the respective strengths in hardware and software to build innovative products and solutions in Co-create mode.

Month: Categories: National

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Monster Salary Index Report

The Monster Salary Index report has highlighted the following findings:

  • The gender pay gap is still high in India and women in the country earn 19 per cent less than men.
  • Wage inequalities in favour of men are present in all the relevant sectors.
  • The current gender pay gap in India stood at 19 per cent where men earned Rs 46.19 more per hour in comparison to women.
  • The survey report puts the median gross hourly salary for men in India in 2018 stood at Rs 242.49, while for women it stood at around Rs 196.3.
  • Gender pay gap encompasses across key industries, IT/ITES services showed a sharp pay gap of 26 per cent in favour of men, while in the manufacturing sector, men earn 24 per cent more than women.
  • Even in sectors like healthcare, caring services, and social work which are notionally identified with women, men earn 21 per cent more than women.
  • Only in Financial services, banking and insurance industry men earn just 2 per cent more.
  • The report notes that the gender pay gap widens with the years of experience. In the initial years, the gender pay gap is moderate but rises significantly as the tenure increases and for those with over 10 years of experience, the gender pay gap in favour of men reaches the peak, with men earning 15 per cent more than women.
  • The survey reports that the gap has narrowed only by one per cent in 2018 from 20 per cent in 2017.

Monster Salary Index Report was prepared by Monster India in collaboration with Paycheck.in (managed by WageIndicator Foundation) with IIM-Ahmedabad as a research partner.

Month: Categories: Business, Economy & BankingUPSC

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