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‘India scores high on digitisation,workers keen on reskilling’

Digitisation is the new buzzword for Corporate India as 84 per cent employees in the country said their employer has a digital strategy - one of the highest in the world.

According to the Randstad Workmonitor survey, globally, India scores high on this scale followed by China (81 per cent) and US (73 per cent).


The study conducted online among employees aged 18-65 working a minimum 24 hours a week in a paid job (not self-employed) noted that the staffers are well aware of the challenges that digitisation is likely to bring and agree that they currently perform a lot of repetitive work and/or routine tasks that could be automated.

“Around 87 per cent of the respondents said digitisation requires different skill sets against what is currently available in our workforce,” the survey said, adding that “84 per cent of the respondents believe that they personally need to acquire more digital

skills to guarantee their future employability”.

The respondents are also upbeat about economic and financial conditions of the country.

Around 93 per cent expect the economic situation in India to improve in 2017 while 89 per cent mentioned that their employer performed financially better in 2016 than in 2015.

The survey further noted that the last quarter of 2016 saw the highest actual job switch in India as 47 per cent respondents from the country said they have changed their jobs in the last six months.

This trend is reflected really high within employees in the age group of 25-34 years (57 per cent) followed by 18-24 years (50 per cent) and 35-44 years (46 per cent).

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Under the policy, property owners will face a recurring annual charge additional to existing council tax liability.

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Rachel Reeves announces annual tax on homes worth over £2 million

Highlights

  • New annual surcharge on homes worth over £2 m comes into force in April 2028, rising with inflation.
  • Tax starts at £2,500 for properties valued £2m-£2.5m, reaching £7,500 for homes worth £5m or more.
  • London and South East disproportionately affected, with 82 per cent of recent £2m-plus sales in these regions.
Britain has announced a new annual tax on homes worth more than £2 million, expected to raise £400 million by 2029-30, according to estimates from the Office for Budget Responsibility.

Chancellor Rachel Reeves pointed that the measure would address "a long-standing source of wealth inequality in our country" by targeting "less than the top 1 per cent of properties". The surcharge will come into force in April 2028.

Under the policy, property owners will face a recurring annual charge additional to existing council tax liability. The rate starts at £2,500 for homes valued between £2 m and £2.5 m, rising to £3,500 for properties worth £2.5 m to £3.5 m, £5,000 for £3.5 m to £5 m, and £7,500 for those valued at £5 m or more.

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