Business
Global Organisations Laud India’s Labour Reforms For Social Protection, Inclusive Growth
New Delhi: Top global organisations such as the International Labour Organisation (ILO) and the International Social Security Association (ISSA) have welcomed India’s announcement to bring four Labour Codes into effect — recognising these reforms as a major step towards strengthening social protection, enhancing minimum wage frameworks and building institutional capacity, the government said on Saturday.
The global bodies highlighted that India’s efforts contribute significantly to the wider international discourse on inclusive and modern labour systems.
Their remarks further underscore India’s growing leadership in shaping global labour and social security standards, according to a Labour Minister statement.
Gilbert F. Houngbo, Director-General of the International Labour Organization (ILO), stated in an X post that “Following with interest developments of India’s new Labour Codes announced today, including on social protection and minimum wages”.
“Social dialogue among govt, employers and workers will remain essential as reforms are implemented to ensure they’re positive for workers and business,” Houngbo mentioned.
The International Social Security Association (ISSA), in its post on social media platform X, said that India’s Labour Codes add momentum to global efforts for stronger, more inclusive social security systems.
“ISSA welcomes this milestone and encourages sustained investment in coverage, protection and institutional capacity,” it noted.
The ministry said that this reflects the positive international response to India’s Labour Codes, particularly in advancing fair wages, expanding social protection coverage and promoting greater formalisation of the workforce.
The four labour codes include the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 with effect from November 21, 2025 — rationalising 29 existing labour laws. The implementation of the four Labour Codes addresses the long-pending need to move beyond colonial-era structures and align with modern global trends.
The Labour Ministry has reaffirmed its commitment to sustained collaboration with global institutions and domestic stakeholders to further strengthen India’s labour ecosystem and ensure effective implementation of the reforms.
Business
Feeling Unprepared For AI Age? LinkedIn Lists 5 Skill Stacks That Matter Now
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AI is reshaping work in India, with LinkedIn’s Skills on the Rise 2026 report highlighting demand for AI, Data, Cybersecurity, and leadership skills.

38% Indians Feel Unready for AI Shift: LinkedIn Reveals Top Emerging Skills
Artificial Intelligence is no longer a future trend — it is the present reality of work. From content creation to coding, hiring to sales forecasting, AI tools are now part of daily workflows across industries. As companies rapidly adopt automation and data-driven systems, professionals are feeling the pressure to keep up.
According to LinkedIn’s Skills on the Rise 2026 report, 38% of Indian job seekers say they feel unprepared for how fast technology is changing job requirements. At the same time, 74% of recruiters in India say it is harder than ever to find qualified talent. The gap is clear — and AI is at the centre of it.
The report highlights five major skill stacks that are shaping hiring trends: AI & Automation, Data & Analytics, IT & Cybersecurity, Business & Growth, and People & Leadership. What stands out is that companies are no longer looking for just technical specialists. They want “skill stackers” — professionals who combine AI fluency with data understanding, operational efficiency and strong collaboration skills.
AI & Automation roles are seeing strong demand, especially in Prompt Engineering, Workflow Automation, LLMOps and AutoML. But AI skills are not limited to tech jobs anymore. Marketing, HR, consulting and sales teams are also expected to use AI tools effectively.
Data roles are also expanding. Skills like querying, data analysis and data storytelling are becoming essential across engineering, IT and even non-tech functions like business development and education.
Cybersecurity and cloud infrastructure jobs are growing as companies scale digital systems. Threat detection, real-time monitoring and IT automation are emerging as critical capabilities.
At the same time, people skills are becoming a major differentiator. Collaboration, stakeholder management and project leadership are now as valuable as technical expertise.
Top emerging jobs linked to these trends include AI Specialist, Data Analyst, Cybersecurity Analyst, Cloud Consultant, Growth Strategist and AI-enabled Project Manager.
February 24, 2026, 17:55 IST
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Business
Bewakoof Co-Founder Prabhkiran Singh Announces Exit After 14 Years At The Helm
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Prabhkiran Singh, Co-Founder and CEO of Bewakoof, steps down after 14 years, leaving a Mumbai slum startup turned national youth brand.

Prabhkiran Singh announces his decision to step down as CEO of Bewakoof after 14 years.
Prabhkiran Singh, Co-Founder and CEO of Bewakoof, has announced that he will be stepping away from the company he built over the past 14 years, marking the end of a long entrepreneurial chapter that began in 2011.
Bewakoof is a D2C fashion brand, which is popular among GenZ.
From Mumbai Slum Startup To National Youth Brand
In a LinkedIn post shared on Tuesday, Singh reflected on starting Bewakoof at the age of 21 with a fellow engineering graduate. The company was launched from a small room in a Mumbai slum at a time when direct-to-consumer (D2C) fashion brands were still a nascent concept in India and equity funding was limited.
He recalled personally handling early operations, including making T-shirt deliveries via local trains and responding to customer queries. Over time, the brand scaled significantly, growing from campus T-shirt sales to shipping over 20,000 products daily.
Bewakoof went on to become one of India’s prominent youth-focused fashion brands and, according to Singh, was the first D2C fashion startup in the country to cross ₹100 crore in revenue. The company also built a social media community of more than 6 million followers.
Backed By TMRW And Aditya Birla Group
Singh stated that the company is now “structurally ready” for its next phase, supported by a strong leadership team and the backing of TMRW and the Aditya Birla Group.
He added that after 14 years of building the business, he intends to prioritize his health, family, and personal goals. Singh will continue to lead Bewakoof until the end of March.
Calling the startup his “firstborn,” Singh said he will continue to support the brand from the sidelines as it works toward building a long-term legacy.
February 24, 2026, 15:54 IST
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Business
New data series: Real GDP growth data calculation methodology overhauled to improve accuracy – here’s what changes – The Times of India
India is set to release its first set of GDP or Gross Domestic Product data on the basis of a new series that may also address recent criticism from economists. The government is revamping the methodology used to estimate real GDP growth under a new national accounts series scheduled to be released this week. The revised framework will incorporate more detailed price deflation techniques to respond to concerns raised by economists.Real GDP in India is calculated by adjusting nominal growth figures for inflation through the use of price indices. Critics have argued that the existing approach is outdated because it depends largely on the wholesale price index rather than the more widely followed consumer price index.In November, the International Monetary Fund highlighted shortcomings in India’s national accounts system. It pointed to the continued use of the 2011–12 base year, heavy dependence on wholesale price data and extensive reliance on single-deflation techniques. The IMF assigned the methodology a “C” rating.
New GDP data series: What changes
“We will now use about 500–600 items from the new CPI and the old WPI series, compared with about 180 earlier, to deflate the output and improve accuracy of the data,” Saurabh Garg, secretary in the Ministry of Statistics and Programme Implementation, said in an interview according to a Reuters report.He noted that this approach will remain in place until a revised WPI series is introduced, which is expected in the near term.Under the earlier system, periods marked by subdued nominal GDP expansion and low wholesale inflation often resulted in inconsistencies, as they tended to produce comparatively higher real growth estimates.As per the current data series, India’s economy, which is one of the fastest-expanding among major global economies, is projected to grow by 7.4% in 2025–26. This is compared with an estimated 6.5% growth in 2024–25.Nominal GDP, which measures economic output at prevailing market prices, is expected to increase by 8.0% during the current financial year.A revised GDP series with 2022–23 as the base year will be released on February 27, along with updated historical data covering the previous four years.These modifications form part of a wider overhaul of India’s statistical framework, following the introduction of a new retail inflation series earlier this month. Updates to the wholesale price index and industrial production data are also in progress.A key element of the revised framework is the adoption of double deflation, which adjusts both output prices and input costs separately to derive real value added.Garg said the changes are expected to enhance data precision, especially in the manufacturing sector, where differences between input and output price movements had previously raised concerns about distortions under the single-deflation approach.
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