Page 45 - Banking Finance November 2022

ARTICLE

performance evaluation, reporting, payroll and data Human Resource is considered to be the most invaluable
administration. Further, the Integrated Robot Process asset for any organisation. In order to register long term
Automations shall deliver automated skills like chatbot, success every organisation is committed in aligning the HR
Natural Language Processing and Machine Learning in management strategies with the latest trend and have a
data mining. complete vision for future. HR Management system have
witnessed a series of transformation with the advancement
Equipping the workforce with Virtual Reality
of technology. The recent global pandemic has compelled
and Augmented Reality
the organisation to promptly respond to the critical business
The onset of digital era along with more recent
priorities and managing sudden unprecedented variation in
pandemic have opened avenues for organisations in
workforce utilizing the latest technology.
possessing the best of novel technologies such as Virtual
Reality and Augmented Reality for rendering employee Millennials and Gen Z have the largest cohort representation
growth and experience. The practical learning through in work force of various organisation. The orientation
the imparted trainings is expected to bring out towards artificial Intelligence, workforce diversity
behavioural changes and equip employees adequately management, gig economy, cloud-based HR technology and
to face uncertainties in the future. empowerment of the workforce with skills to face
uncertainty and improve productivity, shall propel the HR
Address to Diversity, Equality and Inclusion
Management system to systematize and materialize
Issues
corporate strategies and enhance employee engagement
The workforce issues related to diversity, equality and
to sustain the growth journey. The world of work has already
inclusion affects the productivity of the employees and
been through huge transformations of different pace and
the overall success rate of the organization. It is
complexity. The future transformations are expected to
expected that in future HRMS solutions shall be
touch every aspect of our live and is simultaneously
integrated with features that would facilitate
stimulating and intimidating.
organisation with the capability to minimize and solve
(Views and Opinions expressed in the article
these issues by adopting a comprehensive and
appropriate approach. belongs to the author and not of the bank)

Modi releases 12th installment of Rs 16,000 crore to eligible
farmers under PM-KISAN

Prime Minister Narendra Modi released the 12th instalment of financial benefit worth Rs 16,000 crore to over 11
crore eligible farmers under the flagship PM-KISAN scheme, ahead of diwali and ongoing rabi sowing. With this, the
total amount transferred to the beneficiaries is expected to cross Rs 2.16 lakh crore.
Under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN), eligible farmers are provided with a financial benefit of
Rs 6,000 per year in three equal instalments of Rs 2,000 each every four months. The fund is directly transferred to
the bank accounts of the beneficiaries.
The scheme was launched in february 2019 but is being implemented with effect from December 2018. The Prime
Minister released the 12th instalment at a two-day event "PM Kisan Samman Sammelan 2022" being held at the
Pusa campus in the national capital. Union agriculture minister Narendra Singh Tomar and chemicals and fertilisers
minister Mansukh Mandaviya were also present at the programme.
More than 13,500 farmers from across the country and around 1,500 agri-startups are participating in the event.
Researchers, policymakers and other stakeholders too are attending the event. PM-KISAN is a central sector scheme
with 100 per cent funding from the central government. The state government and UT administration identify the
farmer families that are eligible for support as per scheme guidelines.

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