Somesh Jha And Arindam Majumder

Stories by Somesh Jha And Arindam Majumder

Flyers beware! You may be under airport security scanner

Flyers beware! You may be under airport security scanner

Rediff.com   19 Sep 2019

The need to use behavioral techniques for spotting terrorism acts was felt after such an exercise had helped customs officials recover cash and drugs.

Finance secy Rajiv Kumar to meet PSBs on Sep 19

Finance secy Rajiv Kumar to meet PSBs on Sep 19

Rediff.com   13 Sep 2019

The government is set to ask PSBs to expeditiously introduce repo-rate linked products "to step up affordable credit".

Will auto sales pick up this festive season? Dealers are skeptical

Will auto sales pick up this festive season? Dealers are skeptical

Rediff.com   4 Sep 2019

The muted expectation of dealers come at a time when vehicle manufacturers such as Maruti Suzuki, Hyundai Motor, Mahindra & Mahindra and others reported a double-digit fall in wholesale dispatches to dealerships in July and August.

Why your take-home salary may rise soon

Why your take-home salary may rise soon

Rediff.com   3 Sep 2019

The government wants to reduce the rate of contribution - part of the employee's share - for a class of workers depending upon age, income or gender, without changing the contribution from the employer's share.

August brings more depressing news for auto sector

August brings more depressing news for auto sector

Rediff.com   2 Sep 2019

Sales of four- and two-wheelers almost halved in August, compared to the equivalent month last year.

How Toyota, Suzuki plan to beat slowdown in auto industry

How Toyota, Suzuki plan to beat slowdown in auto industry

Rediff.com   29 Aug 2019

While Toyota will acquire 4.94 per cent shares of Suzuki, worth $ 908 million, the latter will make a $ 454-million investment in the biggest automaker of Japan. Premium products from the Maruti stable such as the Baleno, Ciaz and Vitara Brezza will be sold under the Toyota brand with small changes.

Banks may seek your OK for fund transfer to your account

Banks may seek your OK for fund transfer to your account

Rediff.com   28 Aug 2019

Under the proposed mechanism, the finance ministry has said banks will notify customers when someone tries to deposit money in their accounts, a government official said.

Maruti Suzuki seeks better lending terms for dealers

Maruti Suzuki seeks better lending terms for dealers

Rediff.com   22 Aug 2019

Lenders have become worried as some dealers were not using the money provided to them for car financing.

DGCA plans to bring airline staff under breathalyser

DGCA plans to bring airline staff under breathalyser

Rediff.com   17 Aug 2019

The regulator is now planning to bring in other workers in the aviation ecosystem under the purview of the breath-analyser test. It will include air traffic control officers (ATCOs), ground-handling personnel, flight despatchers, aerodrome operation personnel and engineers.

Ground incidents in airports force DGCA to intervene

Ground incidents in airports force DGCA to intervene

Rediff.com   11 Aug 2019

The regulator will audit an airport's ground facilities, its turnaround and general safety procedures, and the movement of vehicles. Underground facilities, ground servicing equipment, passenger boarding bridges, condition of the apron, marking and lighting, and availability of foreign object dustbin bins will be checked.

IndiGo: Gangwal vs Bhatia spat resurfaces

IndiGo: Gangwal vs Bhatia spat resurfaces

Rediff.com   7 Aug 2019

Gangwal said he will not vote in favour of resolutions that intend to expand the size of the board to 10 members. Gangwal wants a seven-member board.

No overtime without employee consent

No overtime without employee consent

Rediff.com   29 Jul 2019

The Bill states a worker will be paid twice his or her wage if he or she is allowed to work overtime. A majority of workers in India worked more than 48 hours in a week, which is higher than the International Labour Organisation's prescribed time-limit.

Garg leaves without signing off on Jalan panel report

Garg leaves without signing off on Jalan panel report

Rediff.com   26 Jul 2019

Garg had refused to sign on the report finalised by the former Reserve Bank of India governor Bimal Jalan-led committee reviewing the central bank's economic capital framework (ECF).

To ease compliance, govt plans major labour reforms

To ease compliance, govt plans major labour reforms

Rediff.com   24 Jul 2019

Single registration will be coupled with single licence, along with a single return, for executing projects for five years.

Govt to extend minimum wages to 100% of workforce

Govt to extend minimum wages to 100% of workforce

Rediff.com   24 Jul 2019

Under the New Code on Wages Bill 2019, employers will be required to give the minimum wages, notified by either the state or the Centre, to the unorganised sector, too.

Why IndiGo is headed for a stormy board meet on Friday

Why IndiGo is headed for a stormy board meet on Friday

Rediff.com   18 Jul 2019

Rahul Bhatia and Rakesh Gangwal - the founders of IndiGo - will possibly face each other with deep mistrust, which the board chairman, M Damodaran, will attempt to defuse.

Banks likely to freeze accounts of shell firms

Banks likely to freeze accounts of shell firms

Rediff.com   11 Jul 2019

Government suspects that many of these bank accounts were used to launder money, especially after the demonetisation in November 2016.

'I still believe Jet will fly'

'I still believe Jet will fly'

Rediff.com   2 Jul 2019

'Now we will have real employees as the owner of the airline.'

Jal Shakti Abhiyan: How govt plans to tackle India's water woes

Jal Shakti Abhiyan: How govt plans to tackle India's water woes

Rediff.com   1 Jul 2019

The aim of the programme is to increase the water table in the stressed areas through dams, ponds, and afforestation. According to a NITI Aayog study, by 2030, the country's water demand is projected to be twice the available supply, implying severe water scarcity for hundreds of millions of people and an eventual 6 per cent loss in the country's GDP.

Will Modi govt manage to push labour reforms this time?

Will Modi govt manage to push labour reforms this time?

Rediff.com   26 Jun 2019

After assuming power in 2014 with a full majority of its own, the BJP-led NDA government started an ambitious process of reforming labour laws in the form of codes aimed at making the framework less cumbersome with a variety of alterations. It had planned four codes each for industrial relations, wages, social security and welfare, and occupational safety, health and working conditions. To this end, 35 central labour laws were to be converted into four codes that would have had the virtue of streamlining labour relations. But none of the proposed code Bills could be converted into a law principally because neither trade unions nor industry representatives came on board. They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why