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HRKatha

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Over 400 Healthcare workers sacked in Gujarat amid ongoing strike

  • Over 400 healthcare workers have been terminated in Gujarat amid an ongoing strike.
  • The workers had been on an indefinite strike demanding inclusion in technical cadres, revision of grade pay, and cancellation of departmental examinations.
  • 116 workers resumed their duties after receiving notices, while 406 workers were dismissed and 55 supervisors faced chargesheets.
  • The striking workers continue to protest, causing a healthcare crisis in rural Gujarat.

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Heinzmarketing

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The Tariff Effect: Strategies for SaaS Marketers in Budget-Conscious Industries

  • B2B SaaS and IT companies need to adapt to tighter budgets, slower sales cycles, and increased scrutiny on every purchase in industries affected by tariffs.
  • Shift the value proposition of SaaS offerings from innovation and growth to cost-saving necessity to remain indispensable.
  • Emphasize ROI proof and customer stories to provide measurable outcomes and build credibility.
  • Create scalable, flexible offers aligned with budget-constrained buyers and focus on customer enablement and adoption to drive expansion.

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HRKatha

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Karnataka to roll out AI-based attendance system for government employees

  • The Karnataka government is set to launch the Karnataka Advanced Attendance Management System (KAAMS), a high-tech solution for tracking employee attendance.
  • KAAMS will enable employees to mark attendance using a mobile app by taking a selfie within their office premises.
  • The AI-enabled system combined with geographic information system (GIS) technology will replace traditional attendance methods in state government departments.
  • KAAMS aims to reduce fraudulent practices, improve transparency, and enhance operational efficiency within government institutions.

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HRKatha

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Air India shifts staff to economy class for domestic work trips

  • Air India employees, including senior executives, will now travel in economy class for domestic work trips, starting from April for senior executives and June for other staff.
  • The new policy aims to prioritize premium seating for paying customers and reflects the airline's focus on revenue growth and customer satisfaction.
  • Previously, staff enjoyed guaranteed business class seats, but the decision to shift to economy class aligns with Air India's strategy of optimizing resources and enhancing customer experience.
  • The policy change is part of Air India's ongoing transformation efforts and its attempt to position itself as a premium carrier in the competitive domestic aviation market.

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Forbes

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Today’s Mortgage Refinance Rates: March 26, 2025 – Rates Climb

  • Today's mortgage refinance rates have climbed, with the 30-year fixed refinance rate at 6.84%, 15-year fixed rate at 5.78%, and 20-year rate at 6.61%.
  • The average rate for a 30-year fixed-rate mortgage refinance is 6.84%, resulting in a monthly payment of $654 for a $100,000 loan.
  • The total interest cost over the life of the loan for a 30-year fixed-rate mortgage refinance would be around $135,557.
  • The APR for a 30-year fixed-rate mortgage is 6.87%, reflecting the all-in cost of the loan.
  • Refinance rates for 20-year mortgages are at 6.61% with an APR of 6.66%.
  • For a 20-year fixed-rate mortgage refinance of $100,000, the monthly cost would be $752 in principal and interest.
  • 15-year fixed mortgage refinance rates are around 5.78% with an APR of 5.83%.
  • A 15-year fixed-rate mortgage refinance of $100,000 would result in a monthly payment of $832.
  • Jumbo mortgage refinance rates are higher, with the 30-year fixed-rate at 7.21% and 15-year fixed-rate at 6.23%.
  • Consider refinancing for reasons like lowering interest rates, paying down the mortgage sooner, accessing home equity, or eliminating PMI.

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Forbes

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High-Yield Savings Account Rates Today: March 26, 2025 – Rates Are Steady

  • Rates on savings accounts remain steady compared to last week.
  • The highest yield on a standard savings account with a $2,500 minimum deposit is 5.84%.
  • High-yield savings accounts require a minimum deposit and offer higher interest rates.
  • When choosing a savings account, consider interest rates, minimum deposit requirements, fees, and the institution's reputation and safety.

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Forbes

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Today’s Top Money Market Account Rates For March 26, 2025 – Rates Hit 4.89%

  • Today’s highest money market rate is 4.89%, compared to a national average rate of 0.54%.
  • Money market accounts (MMAs) are interest-bearing deposit accounts offered by banks and credit unions.
  • MMAs typically pay higher interest rates than other deposit accounts and offer convenient access to cash.
  • Before opening a money market account, it is important to compare rates, minimum balance, fees, and withdrawal limits.

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Forbes

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Today’s HELOC & Home Equity Loan Rates: March 26, 2025

  • Home equity loans and home equity lines of credit (HELOCs) allow homeowners to tap into the value of their homes.
  • A $100K HELOC is suitable for more extensive renovation projects or other significant financial needs.
  • For larger projects or investments, a $250K HELOC provides the necessary funds with various LTV options.
  • A home equity line of credit, or HELOC, is a loan that allows you to borrow against your home's equity.

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Forbes

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Mortgage Rates Today: March 26, 2025 – Rates Remain Fairly Steady

  • The average mortgage rate on a 30-year fixed-rate mortgage is 6.72%, up 0.02 percentage point from the previous week.
  • Borrowers can potentially save on interest costs by opting for a 15-year fixed mortgage, which has an average APR of 5.85%.
  • The average refinance rate has increased, causing borrowers to pay more in interest on a 30-year mortgage, with the current rate at 6.72%.
  • Today's average interest rate on a 30-year fixed-rate jumbo mortgage is 7.16%, while the rate for a 15-year fixed mortgage is 5.79%.

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Forbes

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CD Rates Today: March 26, 2025 – Forbes Advisor

  • CD rates today can go as high as 5.06%, but they vary by term and are expected to decrease with the Federal Reserve lowering interest rates.
  • CDs offer fixed interest rates and better yields than high-yield savings accounts, but early withdrawal penalties can be harsh, often resulting in a loss of one year's worth of interest or more.
  • Short-term CDs like three-month and six-month options have rates of up to 4.72% and 4.94%, respectively, offering good yields for short savings goals.
  • 12-month CDs, a popular choice, have an interest rate of up to 5.02%, while two-year CDs offer rates as high as 4.52%.
  • Longer-term CDs, such as three-year and five-year options, can provide rates of up to 4.65% and 4.26%, respectively, but come with higher early withdrawal penalties.
  • Jumbo CDs with a significant deposit requirement offer rates up to 5.06% for a 6-month term, and it's essential to understand the minimum deposit needed for opening such accounts.
  • When searching for the best CD rates, it's advisable to explore options from various institutions like traditional banks, credit unions, and digital firms to find the highest yields.
  • CD accounts require a lump-sum deposit, and once opened, the principal earns a fixed interest rate for the specified term, with penalties for early withdrawal.
  • CDs are considered safer investment options compared to riskier assets like stocks or cryptocurrencies, and they offer FDIC or NCUA insurance up to $250,000 in case the issuing institution fails.
  • Curinos provides average CD rates by focusing on specific types of CDs and excluding others like promotional offers, relationship-based rates, and various specialized CD types.

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HRKatha

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How this Indian EV company is reimagining leadership development

  • Eka Mobility, an Indian electric vehicle company, has developed a strategic talent management approach to maintain a competitive edge.
  • The company uses functional scorecards to align individual accountability with corporate strategy and promote employee development.
  • Eka Mobility's talent strategy includes programs to identify and groom young leaders, as well as advanced assessments for middle-management and succession planning.
  • The company fosters a culture of innovation, collaboration, and data-driven performance management to drive personal and organizational success.

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HRKatha

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Infosys Springboard to promote STEM Education with ‘Makerlab’

  • Infosys Springboard has launched its first Makerlab at Symbiosis International (Deemed) University in Pune.
  • The lab aims to bridge the gap between theoretical knowledge and practical applications in STEM subjects.
  • It provides hands-on learning experience and access to advanced educational tools, including technologies like robotics, IoT, and 3D printing.
  • The initiative aligns with India's National Education Policy 2024 and promotes experiential learning for future creators and problem-solvers.

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Nordicapis

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Why Data Sovereignty Matters More Than Ever

  • Data sovereignty has become more crucial in governing data according to the region where it is collected or stored, irrespective of its physical location.
  • This concept enforces legal jurisdiction and protection over data and has gained prominence due to increased scrutiny on cross-border data transfers.
  • Europe, through the GDPR, has been a pioneer in data protection regulations, setting standards for cross-border data transfers and data governance.
  • The US lacks a federal-level data protection framework, leading to fragmented approaches at the state level, posing challenges for international data transfers.
  • China has stringent data security policies, requiring data localization and restricting data transfer from China to foreign entities.
  • Geopolitical tensions and privacy concerns have driven a shift towards digital nationalism and regional ownership of data, impacting user trust and data governance.
  • API development has been influenced by the need to comply with regional data sovereignty regulations, leading to more localized and stringent access controls.
  • The future of data sovereignty and API development involves decentralized architectures, compliance with regulatory requirements, and increased emphasis on data localization.
  • The movement towards higher data sovereignty presents both opportunities and challenges, requiring industry dialogue on user protection versus business interests.
  • As the digital landscape evolves, discussions on prioritizing user protection amid regulatory complexities will shape the future of data governance and API frameworks.
  • The evolving data sovereignty landscape signals a more complex and regionally focused internet ecosystem, emphasizing the importance of compliance and localization.

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HRKatha

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Why is Block trimming its 11,300-strong workforce by 8%?

  • American fintech firm, Block, is letting go of over 900 employees, approximately 8% of its workforce.
  • The layoffs are not due to financial issues or a move to replace employees with AI, but rather to increase focus on performance and quick action.
  • The job cuts include strategic layoffs, performance-based layoffs, and flattening the company's hierarchy.
  • Block is closing 748 open roles and seeking feedback from employees to improve the firm.

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HRKatha

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No bonus points for valid job offers in Canada’s Express Entry system

  • Canada’s Express Entry system has abolished the bonus points allocated for valid job offers.
  • Starting from March 25, 2025, candidates will no longer receive bonus points for arranged employment.
  • Short-term physician job offers will no longer be considered arranged employment.
  • This change aims to prevent fraud and misuse of job offers for illegal immigration purposes.

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