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Economic Times
7 hours ago
- Business
- Economic Times
India, UK set 36-month deadline for mutual recognition of professional qualifications
iStock India and the UK have agreed to negotiate mutual recognition agreements (MRAs) to facilitate the movement of professionals such as nurses, accountants and architects to Britain, an official told is crucial as in certain professional services, recognition of qualifications is an essential requirement. "It has been agreed that both countries will engage in mutual recognition of qualifications because in certain professional services, recognition of qualifications is an essential requirement like nurses, architects, accountants and dentists. Within a period of 36 months, we will try to enter into MRAs with the UK," said the official. MRAs in professional services confer recognition of certain licensing or qualification requirements obtained in the jurisdiction of other the India-UK Comprehensive Economic and Trade Agreement (CETA), Britain has also provided an assured mobility regime for various categories of Indian professionals. Business visitors across all sectors will be allowed entry for up to 90 days within any six months. Intra-corporate transferees including partners and dependents can stay for up to three years. Graduate trainees have also been accommodated under this will be permitted a stay of one year. Contractual service suppliers from 33 sub-sectors, including IT, ITeS, finance, business services, hospitality and transport, can operate in the UK for 12 months within 24 months. Independent professionals from 16 sub-sectors, such as IT, business consulting, telecom and finance, can also access the UK market under similar terms. At present, about 60,000 Indian intra-corporate transferees are working in the UK in the IT sector."For that, the UK has committed that they will provide a visa for three years not only for workers but also for their partners and dependents... Most important is that the UK has also agreed that no numerical restrictions will be imposed on workers," the official UK has agreed not to impose numerical quotas or Economic Needs Test requirements for these categories. On the other hand, India has given market access in professional, financial (like insurance), environmental and other services to the UK."The UK has expertise in these services and it will lead to investments also in India... India has ensured that its policy space in sensitive sectors is preserved," the official has a trade surplus of around $6.6 billion with the said India has not made any commitments to the UK on easing cap on British banks opening more branches. (Join our ETNRI WhatsApp channel for all the latest updates) Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Unlisted dreams, listed disappointments? NSDL's IPO leaves pre-IPO investors riled. Will TCS layoffs open the floodgates of mass firing at Indian IT firms? Sebi's settlement with market intermediaries: More mystery than transparency? Can Chyawanprash save Dabur in the age of Shark-Tank startups? Stock Radar: Thomas Cook breaks out from a Cup & Handle pattern; showing signs of momentum after 30% fall from highs Are fundamental tailwinds a stronger play than volatile markets? 6 mid-cap pharma stocks with an upside potential of over 22% These large-caps have 'strong buy' & 'buy' recos and an upside potential of more than 25% Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Economic Times
7 hours ago
- Economic Times
World's favourite destinations of 2025: Cities, islands, and an Indian surprise
Agencies A diverse mix of cities, islands, and cultural hubs have emerged as the world's most sought-after travel spots for 2025, based on global traveller preferences over the past year. The list, compiled from millions of reviews and ratings, highlights destinations that consistently offered high-quality experiences across hotels, restaurants, and activities, as per Tripadvisor analysis. London ranks first, followed by Bali and Dubai, while the rest of the top ten includes popular places in Europe, Asia, and North Africa. Italy is the only country with two destinations in the top ten, Sicily and Rome. New Delhi, also secured a place among the top-ranked cities globally, securing a position at 22nd rank, reflecting growing interest in its mix of heritage, cuisine, and contemporary appeal. Fewer than one percent of the eight million listings on Tripadvisor received the platform's 'Best of the Best' title, which recognises destinations with exceptional traveller feedback over a 12-month period. Top 10 best of the best 2025 destinations Rank Destination Country 1 London United Kingdom 2 Bali Indonesia 3 Dubai United Arab Emirates 4 Sicily Italy 5 Paris France 6 Rome Italy 7 Hanoi Vietnam 8 Marrakech Morocco 9 Crete Greece 10 Bangkok Thailand Other destinations that made the top 25 include Hoi An, Barcelona, Cusco, Siem Reap, Lisbon, Phuket, Istanbul, New York City, Majorca, Edinburgh, Kathmandu, New Delhi, Maldives, Cancun, and Mauritius. Tripadvisor stated, 'The Best of the Best title recognises the highest level of excellence in travel. These destinations have received a high volume of exceptional reviews and opinions from the community over a 12-month period.' The 2025 list reflects global travel patterns, with increased interest in heritage-rich cities, island escapes, and destinations that offer both cultural and leisure experiences. (Join our ETNRI WhatsApp channel for all the latest updates) Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Jane St: How an options trader smelt a rat when others raised a toast Regulators promote exchanges; can they stifle one? Watch IEX TCS job cuts may not stop at 12,000; its bench policy threatens more From near bankruptcy to blockbuster drug: How Khorakiwala turned around Wockhardt Stock Radar: SBI Life rebounds after testing 50-DEMA; could hit fresh record highs above Rs 2,000 – check target & stop loss These 10 banking stocks can give more than 25% returns in 1 year, according to analysts Two Trades for Today: A metals stock for an over 6% gain, a large-cap chemicals maker for about 7% upmove F&O Radar| Deploy Broken Wing in LIC Housing Finance to benefit from bearish outlook
Economic Times
7 hours ago
- Business
- Economic Times
Immigrants in Europe and North America earn less than the natives, study finds
Agencies Immigrants in high-income countries across Europe and North America earn significantly less than native-born workers, largely due to being concentrated in lower-paying roles. A study published in Nature shows that 'between-job segregation' explains nearly 75% of the earnings difference. Only one-quarter of the gap is due to immigrants being paid less for doing the same work. Findings based on data from 13.5 million workers The researchers used administrative records from nine countries, Canada, the United States, Germany, France, Spain, Sweden, Denmark, the Netherlands, and Norway. 'Immigrants earn 17.9% less per year than natives on average after adjusting for education, age, gender and work location,' the study reports. However, when comparing workers in the same job and company, the earnings difference drops to 4.6%. Wider gaps in some countries, narrower in others Spain and Canada show the largest pay gaps, with immigrants earning 28–29% less than native workers. The United States, Denmark, and Sweden record the smallest differences, between 7% and 11%. In Sweden, no significant within-job wage gap was found. Second generation shows signs of progress Children of immigrants born in destination countries earn closer to native wages. After basic adjustments, they earn 5.7% less on average, and the gap reduces to 1.1% when comparing those in the same occupation and company. Intergenerational progress is visible across all countries studied. Region of origin matters Earnings gaps vary widely by immigrants' regions of origin. Immigrants from Sub-Saharan Africa and the Middle East and North Africa earn 24–26% less than natives. Workers from Asia and Latin America earn 19–20% less, while immigrants from Western countries face a 9% gap. Within-job pay gaps also follow this pattern. Policy focus must shift to job access The researchers argue that current policies focused on equal pay for equal work are not enough. 'Limited access to high-paying jobs, not unequal pay within jobs is the main reason why immigrants earn less,' the report states. It calls for targeted measures such as language training, job placement assistance, credential recognition, and employer reforms to reduce bias in hiring and promotion. Call for broader integration measures The study emphasizes that fixing immigrant native pay gaps requires long-term integration efforts. 'Although equal pay laws remain important, their scope to reduce immigrant–native pay gaps is limited,' the researchers conclude. 'Policies must prioritize reducing segregation between jobs to close the earnings gap effectively.' (Join our ETNRI WhatsApp channel for all the latest updates) Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Jane St: How an options trader smelt a rat when others raised a toast Regulators promote exchanges; can they stifle one? Watch IEX TCS job cuts may not stop at 12,000; its bench policy threatens more From near bankruptcy to blockbuster drug: How Khorakiwala turned around Wockhardt Stock Radar: SBI Life rebounds after testing 50-DEMA; could hit fresh record highs above Rs 2,000 – check target & stop loss These 10 banking stocks can give more than 25% returns in 1 year, according to analysts Two Trades for Today: A metals stock for an over 6% gain, a large-cap chemicals maker for about 7% upmove F&O Radar| Deploy Broken Wing in LIC Housing Finance to benefit from bearish outlook
Economic Times
22-07-2025
- Entertainment
- Economic Times
'No one's getting married… but everyone's invited': Indians abroad join the ‘Fake Indian wedding' trend
Agencies A unique celebration is heading to Frankfurt this summer. On August 9, the German city will host a large-scale 'fake wedding' event, complete with wedding decor, choreographed entries, and dancing baraatis - but no actual marriage. The event named under 'Band Baaja Baarat- No one's getting married… but EVERYONE's invited' is drawing attention for offering a wedding-themed party without the pressure or commitments of a real event will give guests a chance to enjoy the best parts of a wedding - DJ sets, cocktails, dance performances, and a curated guest list along with the traditional rituals, but minus the family drama. 'No Drama, Just Dancing': What to expect in the 'wedding' According to event teasers and past editions, the August 9 event will feature: Delhi-NCR sets the stage for the trend While the concept is now reaching Europe, Delhi-NCR has already seen a wave of such celebrations over the past few months. Social media is full of videos from 'fake weddings' held at local clubs and event venues across Gurugram and South Delhi, where guests dress up in lehengas and sherwanis for an all-night party without an actual couple tying the events are typically designed around a fully staged wedding setup, complete with varmala exchanges, photographers, and even impromptu skits. Guests often play roles, from bride and groom to enthusiastic relatives. The aim is to relive or simulate a big fat Indian wedding without the social and financial strings attached. What's driving the popularity of 'fake weddings'? The rise of fake weddings, especially among millennials and Gen Z, points to a shift in how social gatherings are being reimagined. Organizers say these parties offer a blend of nostalgia and freedom - allowing people to experience the grandeur of a wedding celebration without the associated cultural connection with weddings has made it a natural ground for the rising trend of fake wedding events. In fast-paced urban environments where traditional celebrations are less frequent, these events offer an opportunity for people to reconnect with familiar rituals in a light-hearted setting. With no real marriage involved, the focus is purely on enjoyment, highlighting how modern audiences are embracing celebration as an experience in the format also creates space for inclusive celebrations - open to singles, couples, and groups of friends alike, without the cultural restrictions of a traditional ceremony. (Join our ETNRI WhatsApp channel for all the latest updates) Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. Apple has a new Indian-American COO. What it needs might be a new CEO. Central banks' existential crisis — between alchemy and algorithm What if Tata Motors buys Iveco's truck unit? Will it propel or drag like JLR? Paid less than plumbers? The real story of freshers' salaries at Infy, TCS. Stock Radar: HDFC AMC gives a breakout from Cup & Handle pattern to hit fresh highs – time to buy or book profits? These large-caps have 'strong buy' & 'buy' recos and an upside potential of more than 20% Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus Stock picks of the week: 4 stocks with consistent score improvement and return potential of more than 19% in 1 year
Economic Times
20-07-2025
- Economic Times
This Indian city just outranked Italy's Florence in tourist favourites of 2025
Agencies Rajasthan's capital Jaipur has outranked Italy's Florence in the 'World's Best Awards' 2025 survey by global travel publication Travel + Leisure. Voted by international tourists, Jaipur earned a spot among the top five cities in the world for travel, culture, and overall visitor experience, placing ahead of several iconic global also known as the Pink City, ranked 5th on the list with a score of 91.33, ahead of Florence, which placed 11th with a score of 90.08. Travel + Leisure described Jaipur as a must-see destination, praising its opulent hotels, world-class shopping, and vibrant cultural heritage. ALSO READ: Air India restores some international services after June accident Topping the list was San Miguel de Allende in Mexico, recognized for its unique cultural atmosphere and affordability. According to the publication's survey, respondents highlighted attractions such as centrally located museums, botanical gardens, and boutique shopping. Many also cited the city's vibrant art scene and a packed calendar of annual events, including the San Miguel Writers' Conference & Literary Festival, as key reasons for its high ranking. ALSO READ: The billionaire exodus: Why India's rich are heading abroad The historic northern city of Chiang Mai in Thailand ranked second with a score of 91.94. The city is known for its unparalleled combination of cultural sites, shopping, cuisine, and access to nature. Chiang Mai's excellent luxury hotels are another reason it continues to rate among top cities in the world, according to Travel + Leisure readers, are those that truly have it all—"phenomenal attractions, superlative hotels, electric dining scenes, and world-class vibes that simply don't quit." ALSO READ: Travel cuts, safety worries: Why business trips to the US are being grounded "Voters, it seems, are most enthusiastic about those sorts of places that demand attention by virtue of their magnetism. Many of the biggest names on this list will be familiar to global travelers, but a few of this year's favorites may come as a surprise. It's proof that, when it comes to seeing the world's greatest cities, there's always more to explore." Here is the list of top 10 best cities for tourists San Miguel de Allende, Mexico Chiang Mai, Thailand Tokyo, Japan Bangkok, Thailand Jaipur, India Hoi An, Vietnam Mexico City Kyoto, Japan Ubud, Bali Cuzco, Peru (Join our ETNRI WhatsApp channel for all the latest updates) Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. What's keeping real retail investors out of the Nvidia rally If data is the new oil, are data centres the smokestacks of the digital age? The hybrid vs. EV rivalry: Why Maruti and Mahindra pull in different directions. What's best? Instagram and YouTube make billions off creators. Should they pay up for their mental health? Trent trips on the ramp. Is it still worth the splurge or time to change brands? Best way to deal with volatility, just ' Hold' for wealth creation: 7 large-cap stocks with an upside potential of up to 41% Stock picks of the week: 5 stocks with consistent score improvement with an upside potential of 16 to 38% in 1 year Headwinds, yes, but long-term story intact. 7 stocks from the engineering sector with upside potential from 21 to 42%
