Moneycontrol English Daily Essentials: Know what are the 7 important news for you!

In the hustle and bustle of the day, there are many important news that you miss. That’s why Moneycontrol Hindi is presenting you 7 such articles which should get your attention. If you have also missed this article then read it here.

Market Updates: The Indian stock markets declined for the third consecutive day on 23 September (Friday). Market’s major indices Sensex and Nifty fell more than 1.5 percent. On September 23, the 30-share BSE Sensex closed at 58,098.92 points, down 1020 points, or 1.73 per cent. NSE’s 50-share NIFTY 50 also fell 1.72 per cent, or 32 points, to end trading at 17,327 points.

The biggest fall came in power, realty and bank stocks. Indices of all sectors closed in the red mark. Capital goods, power, realty and bank indices ended 2-3 per cent lower.

2. Union IT Minister Rajiv Chandrashekhar came out in support of Moonlighting, said- “Companies should not rein in the dreams of employees”

While IT companies are mobilizing against Moonlighting and banning it. On the other hand, Union Electronics, Information Technology and Skill Development Minister Rajiv Chandrasekhar today supported Moonlighting on 23 September and said that companies should not curb the dreams of their employees.

He said, “Today’s youth have confidence in their skills and there is a purpose through which they want to monetize it and create more value. So companies try to stop them, especially them to work on their own startups. Trying not to allow it is going to fail.”

3. MC Interview: Nifty IT may fall further by 10%, CPSE overall structure bullish- Investment Advisor

Santosh Meena of Swastika Investmart says that Nifty IT index is trying to make a base around the level of 26,200. But the information technology benchmark is still at risk of a further drop of 10 per cent. Along with this, he also talked about the further moves in Nifty and Bank Nifty.

Meena said in an interview to Moneycontrol that 50 per cent retracement of the COVID rally will be completed after another 10 per cent fall.

4. Users will get the right to know about the caller, OTT, Facebook, WhatsApp will be strictly

OTT apps like Facebook, WhatsApp, Telegram will soon come under the purview of regulation. The draft Telecom Bill, which will make new changes in the telecom sector, will be implemented within 6 to 10 months. Telecom companies will also get relief after the draft bill is implemented. The Telecom Minister says that the purpose of this bill is to make regulation easier.

With reforms for the telecom sector, the telecom bill will be implemented in 6 to 10 months. For this, the opinion of the people will be taken on the draft till October 20. Now OTT, Facebook, WhatsApp will be regulated. Under this bill, e-mail apps will also come under regulation. Now companies will get spectrum directly. Under the bill, the license condition will be eased and the penalty will also be reduced.

5. NPS Vs OPS: The new pension scheme is better than the old one, then why is there a demand to implement the old scheme?

The Punjab government had recently said that it is thinking of implementing the Old Pension Scheme (OPS) for the employees. Experts believe that the purpose of such promises is only to please the people, as it will increase the burden on the exchequer. After all, the government uses the taxes of the people for its own expenses.

If this plan of the Punjab government turns into reality, then it will be the third state to implement the Old Pension Scheme. Earlier, Rajasthan and Chhattisgarh have announced this. Some employees unions are also in favor of implementing OPS instead of New Pension Scheme (NPS).

6. Stock Trend: Shares of this company jumped 12% even in a weak market, the price reached a record level of six years

Stock Trend: There was selling pressure in the domestic market today and the Sensex closed at 58,098.92 with a fall of 1020.80 points or 1.73 percent. However, even in this weak market sentiment, there was tremendous buying in the shares of heavy electric equipment sector giant Schneider Electric Infrastructure.

On the strength of great buying, it rose by about 12 percent in intra-day to reach a price of Rs 189.60. This is the highest level since August 2015, that is, in the last six years.

7. Not a college degree, it should be the right certificate! India Inc. is making such strategy for recruitments

College degree or skill, which is more important? India Inc. has been searching for an answer to this question for a long time, as the easy availability of online certification courses is creating new types of candidates. They may not have a college degree, but they do have the right skills for the job.

Faced with a severe shortage of new generation skills, major tech companies are already revamping their talent strategies. For example, IBM India now follows a ‘skill first’ approach, where college degree does not matter.

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