Aneesh Phadnis And Somesh Jha

Stories by Aneesh Phadnis And Somesh Jha

Codes give more power to states to be flexible on labour laws

Codes give more power to states to be flexible on labour laws

Rediff.com   3 Oct 2020

The move will help industries in pushing authorities for exemption under various labour laws at a micro-level, along with demanding changes to bring greater flexibility in their operations related to retrenchment, safety standards, and collective bargaining.

Govt issues Covid-19 safe workplace guidelines

Govt issues Covid-19 safe workplace guidelines

Rediff.com   1 Oct 2020

While demanding more outdoor air ventilation, the strategy document calls for a structural modification in the workplace.

As domestic sales decline, drug makers focus on exports

As domestic sales decline, drug makers focus on exports

Rediff.com   1 Oct 2020

While sales in the domestic market declined 4.2 per cent during the April-July period, exports grew steadily at 9.5 per cent during the same period.

Lufthansa cancels flights to India till October 20

Lufthansa cancels flights to India till October 20

Rediff.com   30 Sep 2020

The move comes after the government rejected its plan to operate 20 flights a week.

Retrenchment norms: Govt says it won't be 'hire and fire'

Retrenchment norms: Govt says it won't be 'hire and fire'

Rediff.com   29 Sep 2020

The government further defended its move to introduce fixed-term employment, insisting that the present system of hiring workers through contractors is exploitative.

Vi starts upgrading 3G subscribers to 4G

Vi starts upgrading 3G subscribers to 4G

Rediff.com   28 Sep 2020

Vi will continue to offer basic voice data services to its 2G users.

NPAs under Mudra scheme rise to 5% for public sector banks

NPAs under Mudra scheme rise to 5% for public sector banks

Rediff.com   24 Sep 2020

Former RBI governors Urjit Patel and Raghuram Rajan have also expressed worry about the Mudra scheme, particularly government's target-setting practice and the rising bad loans.

Covid: Some good news for ESI subscribers

Covid: Some good news for ESI subscribers

Rediff.com   18 Sep 2020

ESI subscribers to get Covid unemployment allowance within 15 days of claim. Payment will be made into bank account of the insured and Aadhaar will be used for identification.

Migrants must not bear cost of Covid: Centre to states

Migrants must not bear cost of Covid: Centre to states

Rediff.com   12 Sep 2020

Labour ministry guidelines say workers returning to cities must get housing, health insurance, facemasks. The Centre has also asked states to issue guidelines to employers to take care of the needs of migrant workers.

EPFO to pay 8.5% interest for FY20 in two instalments

EPFO to pay 8.5% interest for FY20 in two instalments

Rediff.com   10 Sep 2020

The remaining 0.35 per cent will be credited in December this year, if the EPFO is able to redeem its equity investments.

FM to hold review meeting with lenders on loan recast scheme

FM to hold review meeting with lenders on loan recast scheme

Rediff.com   31 Aug 2020

The focus of the meeting will be on enabling businesses and households to avail of the revival framework on the basis of viability, necessary steps like finalising bank policies and identifying borrowers, and discussing issues that require addressing for smooth and speedy implementation.

Will Khona's return as CEO give GoAir its second wind?

Will Khona's return as CEO give GoAir its second wind?

Rediff.com   29 Aug 2020

Kaushik Khona's second innings at GoAir will be more challenging than the first. Globally, the aviation industry is in deep distress because of the pandemic, reports Aneesh Phadnis.

Shareholder nod sought to pay IndiGo CEO's salary

Shareholder nod sought to pay IndiGo CEO's salary

Rediff.com   15 Aug 2020

According to the annual report, Ronojoy Dutta's remuneration package includes a gross annual salary of $1.27 million, which would be payable in rupees. Also, he is entitled for a commitment bonus payout. In FY20, he received a remuneration of Rs 11.4 crore in his role as CEO and whole-time director.

Domestic air traffic rises 6% in July

Domestic air traffic rises 6% in July

Rediff.com   14 Aug 2020

Airlines flew 2.1 mn passengers in July, against 1.9 mn in June.

'Air India needs to change its attitude towards safety'

'Air India needs to change its attitude towards safety'

Rediff.com   12 Aug 2020

A K Chopra, a retired DGCA official, had flagged concerns regarding engineering, flight safety, operations, and training standards in the airline and subsidiaries, thus warning the management of grave safety risk. He also called for the replacement of the chief of flight safety Harpreet A De Singh, who, he said, did not meet the regulatory requirements for holding the post.

AI Exp plane in Kozhikode crash was insured for $50m

AI Exp plane in Kozhikode crash was insured for $50m

Rediff.com   11 Aug 2020

While Air India Express is expected to get the full insured amount for the hull loss, it will have to pay compensation to the kin of the deceased and injured, according to applicable laws. The compensation will be paid from its liability cover.

In times of COVID, how travel firms plan to generate revenue

In times of COVID, how travel firms plan to generate revenue

Rediff.com   6 Aug 2020

While Yatra is building a digital services platform to offer skill development training and sourcing solutions to corporate, Thomas Cook has partnered ICMR-accredited labs to offer Covid-19 certification, and MakeMyTrip is offering chartered flight services.

Cipla sees 3 big exits from top management of India business

Cipla sees 3 big exits from top management of India business

Rediff.com   4 Aug 2020

Those leaving the company include Nikhil Chopra, head of India business, Nikhil Lalwani, who served as head of US business, and Kunal Khanna, head of chronic and emerging therapies.

India's aviation sector still has miles to fly

India's aviation sector still has miles to fly

Rediff.com   4 Aug 2020

Airlines operated at much lower capacity of about 27% this July compared to July 2019 level, but there was a marginal rise over the 25% capacity achieved in June 2020.

SpiceJet hits air pocket as losses mount

SpiceJet hits air pocket as losses mount

Rediff.com   30 Jul 2020

On a full year basis, the airline made a loss of Rs 934.8 crore. The company has incurred a net loss during the current and previous year and, the its current liabilities exceeded its current assets