Business Industry

PLI Scheme Drives Jobs, Exports in Electronics

By BPN News Desk
India’s electronics industry has created more than 1.33 million jobs over the past five years, driven largely by the Production Linked Incentive (PLI) scheme for manufacturing. The government’s PLI programme, part of broader efforts to boost domestic electronics production, has helped expand smartphone manufacturing and supported a sharp rise in exports. Industry figures
Technology

Sam Altman Says High AI Salaries Will Come Later

By BPN News Desk
OpenAI chief executive Sam Altman has said that extremely high salaries linked to artificial intelligence will emerge only after the technology causes significant disruption to existing jobs and industries. Speaking about the long-term impact of AI on the workforce, Altman cautioned that the transition phase could be difficult, with many current roles changing or
Editorials Opinion

Piyush Goyal Ridiculed the Platform Economy. The Data Has Now Ridiculed Him

By BPN News Desk
When Union Commerce Minister Piyush Goyal chose to publicly sneer at India’s platform economy, questioning whether the country should be proud of “delivery boys” instead of manufacturing entrepreneurs, he was not making a throwaway comment. He was revealing how disconnected parts of India’s political leadership are from the economy they claim to manage. Fresh economic […]
Business

AI Will Reshape Jobs, Not Replace Them: Microsoft

By BPN News Desk
Microsoft India and South Asia President Puneet Chandok has said artificial intelligence will transform how jobs are performed rather than eliminate them, pushing back against fears of large-scale job losses due to automation. Speaking on the impact of AI on the workforce, Chandok said technology has historically changed the nature of work and AI will […]
Business

Amazon Cuts 14,000 Corporate Jobs, 700 in NYC

By BPN News Desk
Amazon is reducing approximately 14,000 corporate positions globally, with nearly 700 jobs cut in New York City alone, as part of a wide-ranging overhaul of its workforce. The company states the changes focus on streamlining operations and realigning roles rather than solely cost-cutting. The NYC reductions affect executive and corporate offices, not warehouse or delivery
Business

Amazon Plans To Cut 600,000 Jobs By 2033

By BPN News Desk
Amazon is preparing to reduce its reliance on human workers by automating a large share of its U.S. operations. According to internal planning documents, the company aims to replace around 600,000 jobs by 2033 with robotics and artificial intelligence. A phased target reportedly includes eliminating 160,000 positions by 2027. Company’s Clarification Responding to reports,

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