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UNESCO has approved an emergency assistance package worth about US$740,000 to help safeguard cultural heritage sites in Vietnam threatened by climate stress, environmental degradation and development pressures, according to officials briefed on the decision. The funding is designed to support urgent conservation work, technical assessments and community-led protection measures at vulnerable locations across the country.

The package, cleared under UNESCO’s emergency assistance mechanisms, will prioritise sites exposed to flooding, erosion and extreme weather, challenges that have intensified along Vietnam’s long coastline and river systems. Heritage specialists involved in the programme said the initiative aims to stabilise damaged structures, document at-risk artefacts and strengthen local capacity to respond to future threats, rather than focus solely on restoration.

Vietnam is home to eight UNESCO-recognised World Heritage properties, including Ha Long Bay, the Complex of Hué Monuments, Hoi An Ancient Town and My Son Sanctuary. Many of these sites combine natural and built heritage, making them particularly sensitive to environmental change and tourism pressures. Officials familiar with the emergency package said the funding will be channelled to areas where immediate intervention can prevent irreversible loss.

UNESCO representatives said the programme reflects a broader shift towards preventative heritage protection, integrating scientific monitoring with traditional conservation practices. Technical teams are expected to work alongside Vietnamese authorities to conduct rapid risk assessments, improve drainage and structural support where needed, and deploy digital documentation tools to create detailed records of vulnerable assets.

Climate-related risks have become a growing concern for heritage managers in Southeast Asia. Rising sea levels threaten coastal archaeological remains, while heavier rainfall has increased the frequency of landslides and subsidence in historic towns. In Vietnam’s central regions, typhoons have repeatedly damaged ancient structures, prompting calls for faster international support mechanisms.

Cultural officials in Hanoi have welcomed the assistance, noting that emergency funding complements longer-term conservation programmes already under way. Vietnam has invested heavily in heritage tourism over the past decade, positioning historic sites as key economic drivers for local communities. However, the pace of visitor growth has also strained infrastructure and conservation budgets, particularly at smaller or less prominent locations.

Experts involved in the UNESCO initiative said community engagement would be central to the programme’s success. Local residents, custodians and artisans are expected to take part in risk-mitigation planning and training, ensuring that emergency measures align with traditional knowledge and livelihoods. This approach is intended to reduce dependence on external interventions while strengthening stewardship at the grassroots level.

The emergency package also includes provisions for knowledge-sharing with other countries facing similar challenges. UNESCO officials said lessons from Vietnam’s experience will inform future responses in the region, where heritage sites increasingly sit at the intersection of climate vulnerability and rapid economic development.

International heritage bodies have emphasised that emergency assistance is not a substitute for sustained conservation funding. While the US$740,000 allocation is modest compared with the scale of risks, specialists said it can play a critical role in stabilising sites and buying time for more comprehensive interventions. The funds are expected to be disbursed in phases, with progress reviews guiding subsequent activities.

India’s largest information technology services firms together reported a net reduction of close to 3,000 employees in the third quarter of the 2025–26 financial year, underscoring a structural shift in hiring as companies rebalance workforces around artificial intelligence, cloud platforms and higher-value digital engineering.

Quarterly disclosures showed that headcount at several bellwether firms edged lower despite stable deal pipelines. The combined net decline, modest by historical standards, contrasted sharply with the aggressive campus hiring and broad-based workforce expansion that defined the sector for more than a decade. Executives and analysts pointed to a “barbell” pattern in demand, with strong hiring at the high end for niche digital and AI skills and limited intake, or attrition-led pruning, in legacy application maintenance and commoditised services.

At Tata Consultancy Services, the country’s largest IT services exporter by revenue, total employee strength slipped during the quarter as voluntary attrition stayed elevated in certain service lines and fresh hiring remained selective. Infosys also reported a marginal fall in headcount, reflecting a focus on utilisation, internal redeployment and productivity improvements rather than large-scale lateral recruitment. Wipro and HCLTech posted similar trends, with management teams emphasising skill transformation over volume growth.

The net reduction came even as revenue growth stabilised sequentially for most firms, helped by cost optimisation deals, vendor consolidation and demand for cloud migration. Industry executives said the hiring slowdown was not a signal of weakening fundamentals but a recalibration after years of overcapacity built during the post-pandemic surge in digital spending.

What is different this cycle, analysts argue, is the depth of the technology shift reshaping delivery models. Generative AI tools, low-code platforms and automation frameworks are beginning to decouple revenue growth from headcount expansion. Routine coding, testing and support tasks are increasingly automated, reducing the need for large teams, while boosting productivity per employee.

This dynamic has produced the barbell model now widely discussed in boardrooms. On one end, firms are competing fiercely for specialists in data engineering, AI model deployment, cybersecurity, semiconductor design services and advanced cloud architecture. On the other, demand for entry-level roles tied to traditional application development and infrastructure support has softened, leading to fewer campus offers and limited backfilling of exits.

Management commentary during earnings calls reinforced this shift. Several chief executives highlighted large internal reskilling programmes, with tens of thousands of employees undergoing training in AI, machine learning and cloud-native technologies. The emphasis has moved from hiring for scale to building depth in targeted capabilities that command higher billing rates and longer-term client commitments.

Client behaviour has also played a role. Enterprises in North America and Europe, which account for the bulk of export revenues, continue to scrutinise technology budgets amid macroeconomic uncertainty. Discretionary projects have faced delays, while spending has been redirected toward efficiency-led initiatives where automation is central. This has compressed demand for traditional staff-augmentation models that once absorbed large numbers of engineers.

Despite the headline job losses, the sector remains a major employer, with total headcount across the top firms still running into the millions. Analysts caution against interpreting the quarterly decline as a broad-based contraction. Instead, they see a transition phase in which workforce pyramids are being reshaped to align with evolving client needs and delivery economics.

Wage dynamics reflect the same adjustment. Salary hikes have been measured, variable pay has been linked more closely to utilisation and skill relevance, and onsite deployments have been rationalised. At the same time, niche talent continues to command premiums, widening pay dispersion within firms.

By Nantoo Banerjee India’s transport sector, combining road, rail, air and water, is ready for a significant job boom, with the logistics industry alone projected to grow at a 10.7 percent compound annual growth rate (CAGR) through the current year. The national budget for 2026-27, which is scheduled to be placed in Parliament on February […]

The article Union Budget Should Focus On Transport Sector As India’s Most Potential Growth Engine appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

By Nitya Chakraborty 2025 was the year of the maverick U.S. President Donald Trump. The developments during the year beginning January 20 evolved around Trump. He was the key decision-maker, irrespective of what other countries leaders felt. He cared little for the United Nations, WTO, WHO and all other multilateral bodies. He openly said ‘I […]

The article 2025 Was Donald Trump’s Year But 2026 Is Going To Be The Year With Xi Jinping’s Domination appeared first on Latest India news, analysis and reports on Newspack by India Press Agency).

India has overtaken most markets to become the world’s second-largest 5G network by user base, crossing an estimated 400 million subscribers as operators expand coverage and devices become more affordable. The scale of adoption places the country behind only China, underscoring the pace at which fifth-generation services have spread across cities, towns and large rural corridors.

Official tallies compiled from industry disclosures and regulatory filings show nationwide 5G availability across all states and union territories, with more than 450,000 base stations activated since commercial launch in October 2022. Data from the Telecom Regulatory Authority of India indicates that fifth-generation users now account for a substantial share of total mobile broadband connections, a shift that has occurred faster than earlier transitions from 2G to 3G and 4G.

India’s 5G surge reshapes global rankings as operators leveraged aggressive rollouts and introductory pricing to seed usage. The government’s early spectrum auctions, coupled with simplified right-of-way rules for fibre and towers, reduced deployment friction. Policymakers also pushed indigenous manufacturing through production-linked incentives, lowering equipment costs and shortening supply chains.

Market leaders have driven much of the momentum. Reliance Jio built a standalone 5G network using mid-band spectrum and dense fibre backhaul, prioritising urban clusters and industrial zones before pushing into smaller towns. Bharti Airtel opted for a non-standalone architecture initially, upgrading existing 4G sites to accelerate time-to-market while expanding capacity. Vodafone Idea has begun selective launches following capital infusions, focusing on circles with higher data demand.

Subscriber growth has been supported by falling handset prices and a rapid refresh cycle. Entry-level 5G smartphones from domestic and global brands now sit near mass-market price points, while older devices have been phased out as networks refarm spectrum. Analysts note that average data consumption per user has climbed as video streaming, cloud gaming and real-time navigation benefit from lower latency and higher throughput.

Enterprise use cases are also gaining ground. Private 5G deployments are being tested in ports, manufacturing plants and campuses to support automation, predictive maintenance and machine vision. The Department of Telecommunications has approved pilot licences for captive networks, enabling firms to experiment without relying solely on public networks. Healthcare applications such as remote diagnostics and education tools like immersive classrooms are being trialled in partnership with state governments.

The speed of expansion reflects a competitive pricing environment. Unlimited 5G plans bundled with 4G subscriptions reduced barriers to trial, while promotional offers encouraged device upgrades. Industry executives argue that scale efficiencies and declining network costs will support sustainable pricing even as data traffic rises.

Challenges persist. Monetisation remains uneven as consumers expect higher speeds at similar prices, pressuring average revenue per user. Network densification in dense urban areas requires continued capital expenditure, and power availability in remote regions complicates operations. Cybersecurity and data privacy frameworks must keep pace with new applications that rely on ultra-reliable connectivity.

Spectrum policy will shape the next phase. Operators are seeking clarity on millimetre-wave allocations to unlock ultra-high-capacity hotspots for campuses and stadiums. Backhaul capacity, particularly fibreisation of towers, is another bottleneck that policymakers are addressing through coordinated infrastructure planning.

Globally, India’s ascent alters competitive dynamics. Vendors see the market as a proving ground for large-scale deployments, while application developers view it as a launchpad for services that require millions of concurrent users. The country’s experience is being studied by emerging economies looking to leapfrog directly to advanced mobile broadband.

A landmark judicial ruling on the taxation of foreign investments routed through Mauritius has sent ripples across global financial markets, unsettling investors who have long relied on the island nation as a preferred gateway into India. The decision, delivered by the Supreme Court of India, upholds the government’s right to tax certain capital gains arising from indirect transfers and treaty-based structures, reinforcing a tougher stance on what authorities describe as aggressive tax planning.

India’s decisive stand on Mauritius-linked investments has revived debate over the balance between sovereign tax powers and investor certainty. Government data underline the scale of what is at stake. Over the 23 years leading up to 2023, cumulative foreign direct investment routed from Mauritius amounted to about $171 billion, making it the single largest source of inflows. For decades, the India–Mauritius Double Taxation Avoidance Agreement enabled investors to claim capital gains tax exemptions, helping fuel equity investment, private equity deals and strategic acquisitions.

The court’s ruling addresses disputes that intensified after New Delhi amended tax laws and renegotiated treaties to curb what it saw as treaty abuse. While the revised tax treaty signed in 2016 had already limited exemptions for new investments, the judgment clarifies that authorities may scrutinise older structures if they lack commercial substance. Tax officials argue the decision closes loopholes without violating treaty commitments, while investors warn it introduces uncertainty for legacy holdings.

Officials from the finance ministry maintain that the ruling aligns with international norms promoted by the Organisation for Economic Co-operation and Development, particularly the Base Erosion and Profit Shifting framework. They stress that genuine investors with demonstrable economic substance in Mauritius have little to fear. However, fund managers say the practical test will lie in how tax authorities interpret “substance” and whether retrospective demands emerge through reassessments.

Market reaction has been cautious. Legal advisers report a spike in queries from foreign portfolio investors and multinational corporations reassessing exposure to India-linked assets held through Mauritius vehicles. Some funds have begun exploring alternative jurisdictions such as Singapore or the Netherlands, though treaty benefits in those routes have also narrowed over time. The broader concern is not a single treaty, but a pattern of assertive tax enforcement that could complicate exit planning.

Mauritius itself faces strategic implications. The island has worked to reposition its financial sector beyond treaty advantages, emphasising regulatory credibility, compliance standards and links to African markets. Authorities in Port Louis have reiterated that the country remains committed to transparency and cooperation, noting that the revised treaty framework already reflects shared objectives with New Delhi.

Economists note that India’s investment landscape has changed markedly since the era when Mauritius structures dominated. Domestic capital markets are deeper, startup funding has diversified, and manufacturing-linked incentives are attracting strategic investors less dependent on tax arbitrage. Even so, foreign capital remains critical for sectors such as infrastructure, renewable energy and technology, making predictability in tax policy a sensitive issue.

Corporate leaders caution that while sovereign governments have the right to protect revenues, abrupt shifts can affect perceptions of stability. Several high-profile disputes in the past decade, including cases involving telecom and energy companies, continue to shape investor memory. The latest ruling, they say, reinforces the need for clear administrative guidance to avoid prolonged litigation.

From the government’s perspective, the judgment strengthens its hand in ongoing tax assessments and signals continuity in policy direction. Officials argue that aligning domestic law with treaty intent ultimately supports fair competition and long-term growth. They also point to dispute resolution mechanisms and advance rulings as safeguards for investors seeking clarity.