May

"According to the ninth annual Global Business and Spending Monitor survey conducted by American Express in partnership with CFO Research, 83% of Indian executives expect their companies to hire more and 52% of respondents expect employment to grow by over 10%. ""Sustained high level of optimism towards growth will see India as a bright spot for hiring as companies get ready to add to the government's initiative towards improving job-oriented skills in the country,"" American Express Global Corporate Payments Country Business Head Saru Kaushal said. However, a talent crunch could put an end to this recruitment drive. ""7 out of 10 Indian executives polled that their companies' performance goal has been impeded by inability to hire requisite positions in sales and marketing,"" the report said. Moreover, 60% of respondents say their companies have been affected by difficulty in hiring more skilled and specialised workers."" Half of respondents find it difficult to fill positions for IT staff, administration and support staff and offshore or outsourced positions."

"The Government of India hopes to create 100 million new jobs by 2022 with the help of initiatives such as Make in India. Job placement firms expect that 720,000 new jobs will be created over the next year with a rise of 8% to 13% in the current jobs pool with growth in the sectors of investment, manufacturing and engineering. The Make in India initiative has already led to an increase in hiring within ecommerce and Internet-related sectors. ""Skill development has gained enormous traction with Make in India. The plan to create 100 smart cities is also expected to fuel job growth,"" Rituparna Chakraborty, co-founder of staffing firm, TeamLease Services, said. Make in India, which is a government initiative for companies to manufacture their products in India, aims to transform India into a global hub of manufacturing, whose share in GDP would rise to 25% by 2022. It has identified 25 sectors that would get incentive support and has promised to align policies to boost investments in them."

After three months of legal-linguistic checks and translations, the EU is poised to formally adopt the new EU General Data Protection Regulation (GDPR) and its sister law, the EU Policing and Criminal Justice Data Protection Directive (PCJ DPD). Documents recently released by the Council of the EU suggest that the Council will vote to endorse these final texts before passing them on for approval by the European Parliament. The GDPR will take effect twenty days from its post-vote publication in the Official Journal, triggering a two-year transition period before its full entry into force. At that point, it will sweep away the current EU Data Protection Directive (95|46|EU), which has served as the main instrument of EU privacy law for almost two decades. Unlike the Directive, the GDPR will for the most part have direct effect throughout the EU, without requiring implementation into national laws. Nevertheless, the next two years are likely to see substantial further legislative and rulemaking activity at EU and national level.