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Indian government announces $11.44 bn Rozgar Yojana to boost jobs

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Indian government announces .44 bn Rozgar Yojana to boost jobs



Indian Prime Minister Narendra Modi has announced the Pradhan Mantri Viksit Bharat Rozgar Yojana, with an outlay of ₹1 lakh crore (~$11.44 billion), during his 12th Independence Day address from the Red Fort. The scheme aims to create over 3.5 crore jobs in two years. It will provide incentives of up to ₹15,000 (~$172) in two instalments to newly employed youth and up to ₹3,000 (~$34) month per new employee to employers for generating fresh job opportunities.

Prime Minister Narendra Modi has announced the ₹1 lakh crore (~$11.44 billion) Pradhan Mantri Viksit Bharat Rozgar Yojana in his 12th Independence Day address.
First-time employees will get up to ₹15,000 (~$172) in two instalments, while employers receive up to ₹3,000 (~$34) monthly per new hire.
The scheme also promotes savings, formalisation, and extends social security coverage.

Targeting first-time employees registered with EPFO, the scheme will offer one month’s EPF wage up to ₹15,000 in two instalments. Employees with salaries up to ₹1 lakh will be eligible. The first instalment will be payable after six months of service, while the second will be given after 12 months of service and completion of a financial literacy programme.

To encourage savings, a portion of the incentive will be deposited in a savings instrument for a fixed period, withdrawable later. This part is expected to benefit around 1.92 crore first-time employees, Ministry of Labour & Employment said in a release.

Employers, meanwhile, will receive incentives for new employees earning up to ₹1 lakh. The government will provide up to ₹3,000 per month per additional employee for two years, sustained for at least six months. For the manufacturing sector, incentives will extend into the third and fourth years as well. This part is expected to incentivise employers for the creation of additional employment of nearly 2.60 crore persons.

All payments to first-time employees will be made via Direct Benefit Transfer (DBT) through the Aadhaar Bridge Payment System (ABPS), while payments to employers will go directly into PAN-linked accounts. With this scheme, the government aims to boost employment, particularly in manufacturing, while also incentivising youth entering the workforce for the first time. An important outcome will be the formalisation of India’s workforce by extending social security coverage to crores of young men and women.

Fibre2Fashion News Desk (HU)



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Bangladesh’s RMG exports up 4.7% in Q1 FY26, but Sept shipments dip

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Bangladesh’s RMG exports up 4.7% in Q1 FY26, but Sept shipments dip



Woven garment exports slightly outpaced knitted garment exports in terms of growth. Knitwear exports (Chapter **) rose by *.** per cent to $*.*** billion, compared to $*.*** billion in the same period of fiscal ******. Woven apparel exports (Chapter **) increased by *.** per cent to $*.*** billion, up from $*.*** billion in July–September ****, EPB data showed.

Home textile exports (Chapter **, excluding ******) also grew, rising by *.** per cent to $***.** million, compared to $***.** million in the same period of the previous fiscal. Collectively, exports of woven and knitted apparel, clothing accessories, and home textiles accounted for **.** per cent of Bangladesh’s total exports, which stood at $**.*** billion during the period. Higher demand for diversified and value-added textile products supported this growth.



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Dutch manufacturing flat in August, up 1.7% from July: CBS

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Dutch manufacturing flat in August, up 1.7% from July: CBS



In August 2025, the calendar-adjusted output of the Dutch manufacturing sector was at the same level as in August 2024, according to Statistics Netherlands (CBS). Output was down in slightly more than half of the underlying sectors.

Slightly more than half of the various industrial sectors produced less than they did one year previously. Of the eight largest industrial sectors, output rose the most sharply in the repair and installation of machinery, while it fell the most sharply in the transport equipment industry.

A more accurate picture of changes in short-term output is obtained when the figures are adjusted for seasonal effects and the working-day pattern. After adjustment, manufacturing output rose by 1.7 per cent in August relative to July, CBS said in a press release.

In August 2025, Dutch manufacturing output remained unchanged year-on-year, although output declined in over half of the industrial sectors.
After seasonal adjustment, output rose by 1.7 per cent compared to July.
The strongest growth was seen in the repair and installation of machinery, while transport equipment recorded the sharpest decline.

After adjusting for seasonal and working-day effects, manufacturing output often fluctuates significantly. In the spring of 2020, output declined rapidly, reaching a low point in May 2020. This was followed by an upward trend until May 2022. The trend has reversed since then.

Producer confidence was less negative in September than it was in August. Manufacturers were more positive regarding output for the next three months, in particular.

Germany is an important market for the Dutch manufacturing sector. In September, German manufacturers were more negative than they were in August, as reported by Eurostat. In August, the calendar-adjusted output of the German manufacturing sector was down by 5.1 per cent, year on year. Relative to July, output fell by 5.5 per cent, as reported by Destatis.

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ADB commits $82.5 mn to drive Cambodia’s energy transition

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ADB commits .5 mn to drive Cambodia’s energy transition



The Asian Development Bank (ADB) has approved the second phase of Cambodia’s Energy Transition Sector Development Programme (ETSDP) for $82.5 million. Cofinanced by the ASEAN Infrastructure Fund, the Asia–Pacific Climate Finance Fund, the Green Climate Fund, and the United Kingdom through the ASEAN Catalytic Green Finance Facility, the programme aims to provide comprehensive support for the country’s clean energy transition by combining policy reforms with investment projects in new technologies.  

The first subprogramme, approved in 2022, introduced pivotal policy measures that guided the energy sector toward a more efficient and renewable development pathway. Building on this foundation, subprogramme 2 advances regulatory reforms to strengthen the energy efficiency framework and enhance policy clarity to attract private sector investment. A key milestone under the subprogramme is the introduction of the country’s first set of regulations establishing Minimum Energy Performance Standards for electrical appliances, starting with air conditioners, which account for the largest share of energy consumption in the residential sector, ADB said on its website.

Subprogramme 2 will also establish an Energy Efficiency Revolving Fund aimed at facilitating access to finance for local small and medium-sized enterprises (SMEs) to invest in energy-efficient technologies. The revolving fund will be set up through a financial intermediation structure to enable local banks to extend loans to SMEs for energy efficiency investments. By mobilizing domestic financial institutions and supporting SMEs, the revolving fund is expected to accelerate the nationwide scale-up of energy efficiency investments.

Asian Development Bank (ADB) has approved $82.5 million for Phase 2 of Cambodia’s Energy Transition Sector Development Programme to support clean energy through policy reforms and investments.
The programme introduces energy efficiency standards, establishes a revolving fund for SME financing, and also aims to attract private investment.

“ADB is honoured to support Cambodia in its ambitious and transformative journey in the energy sector. Through a comprehensive reform package, combining policy support with strategic investments, the Energy Transition Sector Development Programme will support turning the government’s ambitious vision into reality,” said ADB acting country director for Cambodia Anthony Gill. “This includes the goal of achieving 70 per cent renewable energy in the power mix by 2030, along with a strong commitment to advancing energy efficiency, which is essential to ensure that Cambodia’s growth remains both sustainable and affordable.”

Subprogramme 2 will be followed by a third phase in 2027, which will further deepen reforms by expanding the energy efficiency regulatory framework and introducing technical standards for renewable energy, buildings, and industry to further attract private sector investment.

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