Growth in corporate profits needs to be commensurate with wages to boost the economy, Economic Survey 2024-25 said, noting that sharp disparities between the two pose risk to the economy by curbing demand. The document tabled in Parliament on Friday noted that while the labour share of GVA (gross value added) shows a slight uptick, the disproportionate rise in corporate profitsredominantly among large firmsaises concerns about income inequality.
Describing their situation akin to "bonded labour", two Air India pilot unions extended their support to Vistara pilots on Thursday, who have raised grievances regarding the duty roster and the revised salary structure. Amid the slew of flight cancellations and delays, Vistara chief executive officer Vinod Kannan acknowledged on Wednesday that pilot utilisation in the airline was high, and announced plans to scale back its flight schedule and overhaul the rostering system to provide pilots with more rest time.
An autonomous hydraulic-powered robot equipped with special machinery has been deployed to accelerate the search operation for seven people trapped inside a partially collapsed tunnel in Nagarkurnool, Telangana. The robot, equipped with a 30 HP capacity liquid ring vacuum pump and a vacuum tank machine, can remove up to 620 cubic meters of soil per hour using a conveyor belt. This technology aims to expedite the rescue efforts and enhance the efficiency of the operation. State Special Chief Secretary (Disaster Management) Arvind Kumar is supervising the search operation, which involves teams from the Army, NDRF, SDRF, HRDD, Singareni Collieries, a Hyderabad-based robotics company, and others.
South Central Railway has joined the rescue teams that are engaged in locating the eight persons who remain trapped in the partially collapsed SLBC tunnel for the past six days, with necessary equipment, a senior official said on Friday.
Rescue teams working to extricate eight men trapped in a partially collapsed tunnel in Nagarkurnool, Telangana, have retrieved the body of one worker after over two weeks. The body was buried under silt at a depth of about 10 feet and was recovered after more than 48 hours of careful digging. The identity of the deceased is still being ascertained. The search for the remaining seven workers continues.
The take by the Economic Survey 2024-25 on work hour week had come weeks after Larsen & Toubro Ltd Chairman and Managing Director SN Subrahmanyan sparked off a raging debate on social media when he said employees should work 90-hour a week, including on Sundays rather than sit at home.
Rescue efforts to locate eight people trapped in a collapsed tunnel in Telangana continue, with over 500 rescuers working on a war footing. Despite days of intensive search and rescue operations, no breakthrough has been achieved yet. Authorities have dismissed reports of bodies being found in the debris and are working to clear the debris and access the trapped workers. The tunnel collapse occurred on February 22, trapping eight personnel working on the Srisailam Left Bank Canal (SLBC) tunnel project. Among the trapped are two engineers, two operators, and four laborers.
'We don't have to compete with Maharashtra or Gujarat. We have to now start thinking about how we compete with the United States or China.'
Uttar Pradesh Minister of Labour and Employment Anil Rajbhar has informed the state Legislative Assembly that the state has successfully sent 5,600 workers to Israel for employment opportunities, with an additional 5,000 workers in the process of being sent. Rajbhar stated that these workers are contributing significantly to the state's economy by sending foreign currency worth Rs 1,000 crore annually. In addition to Israel, the state is also facilitating applications for overseas employment in Germany and Japan, with thousands of jobs available for nurses and caregiver workers, respectively. Rajbhar also highlighted the state government's initiatives to provide employment opportunities within India through employment fairs and collaborations with the National Skill Development Corporation (NSDC).
Eight persons remained trapped inside the tunnel since February 22, after a part of it collapsed.
Amid rising tensions between India and Pakistan, the US has called on both countries "not to escalate" the conflict. Secretary of State Marco Rubio is expected to speak with the foreign ministers of Pakistan and India as early as today or tomorrow. The US State Department said Washington is reaching out to both India and Pakistan "regarding the Kashmir situation" and telling them "not to escalate the situation."
The mortal remains of the individual were found on Tuesday morning, an official statement said. It was shifted to a hospital for post mortem and other procedures as per the norms.
IT services company Infosys has laid off over 300 freshers who underwent foundational training at its Mysuru campus but could not clear internal assessments after three attempts, according to sources. IT employee union NITES, however, said the number of freshers affected by the move was much higher, and threatened to lodge an official complaint with the Ministry of Labour and Employment, seeking urgent intervention and strict action against the company.
The 56-year-old judge, enrolled as an advocate in 1992, was appointed as an additional judge of the Allahabad high court on October 13, 2014 and took oath as a permanent judge of that court on February 1, 2016.
On its 177th anniversary, Utkarsh Mishra explores the history and relevance of The Communist Manifesto.
For India to transform into a high-income country with a projected gross domestic product (GDP) of $23-35 trillion, will need a sustained annual growth of 8 per cent to 10 per cent. This will be powered by India's demographic dividend, technological innovation, and sectoral transformation, according to the "India@2047: Transforming India Into A Tech-Driven Economy" report by Bain & Company and Nasscom. By 2047, the services sector is expected to contribute 60 per cent of India's GDP, while manufacturing will account for 32 per cent, both playing a pivotal role in economic expansion.
States are mandated to develop and implement 'heat HAPs' for prevention of heat-induced diseases. But most do not go beyond standard advisory on heat prevention.
Endoscopic and robotic cameras on Monday were brought to the Nagarkurnool (SLBC) tunnel for the rescue operation.
Organisations that reward constant optimism and penalise negativity create environments where employees feel pressured to hide their struggles, notes Sonica Aron, founder of HR consultancy firm Marching Sheep.
Enforcement Directorate officials said on Friday they are probing a 'complex network' of agents and facilitators in India, Canada and the US who help Indians illegally enter the US via 'bogus' admissions in Canadian colleges.
Cadaver dogs from Kerala police have joined the rescue operation at the partially collapsed SLBC tunnel in Telangana, where eight people have been trapped since February 22. The dogs, specially trained to locate missing humans and human bodies, are being used to identify the presence of survivors in the tunnel. Rescue personnel, including NDRF teams, are also working tirelessly to reach the trapped individuals amidst challenging conditions, including slush and seepage of water.
Terrorists opened fire at a popular tourist spot near Kashmir's Pahalgam town on Tuesday afternoon, killing 26 people, mostly holidayers from other states, in what is the deadliest attack in the Valley since the Pulwama strike in 2019.
A class 10 student gave birth to a baby at the hostel of a state-run residential school in Odisha's Malkangiri district, prompting an inquiry. The girl delivered a baby girl on Monday after returning to the hostel following board exams. The headmaster of the school, run by the ST & SC Development, Minorities & Backward Class Welfare Department, said that men are not allowed in the girl's hostel and that the incident suggests a lapse in health worker duties. Both the child and mother are stable. The girl's parents have questioned the school authorities about the pregnancy remaining undetected until labor. A departmental inquiry has been initiated, and a man suspected to be involved has been detained by the police.
The Pakistan army's Bahawalpur Corps has always had a special significance for India as it keeps an eye on the Jaish e Mohammed, explains Rana Banerji, who headed the Pakistan desk at RA&W.
The yet-untitled thriller will be directed by Rensil D'Silva with a story set in Shimla.
Geopolitical tensions, trade policy uncertainties, volatility in international commodity prices and financial market uncertainties pose considerable risks to India's economic growth in the coming year, the finance ministry cautioned on Wednesday. "Global trade continues to be affected by uncertainty in the policy environment... tariff-related developments in multiple countries have heightened trade-related risks, affecting investment and trade flows globally.
The government will launch a Rs 2-crore term loan for 5 lakh first-time women, SC and ST entrepreneurs, Finance Minister Nirmala Sitharaman said on Saturday.
The Indian industry is paranoid about the USA's plan to impose reciprocal tariffs and wants early conclusion of a bilateral trade agreement, sources said on Wednesday. They said that the talks for the proposed bilateral trade agreement are going well.
India will need to grow at an average 7.8 per cent to become a high-income country by 2047, a World Bank report said on Friday. To achieve this goal India would require reforms in financial sector as well as in land and labour market, the World Bank said in its India Country Memorandum titled 'Becoming a High-Income Economy in a generation'.
The resilience of the economy and strength of domestic demand will continue to make India an engine of growth amid the rapidly evolving global trade landscape as a result of US tariffs, Finance Minister Nirmala Sitharaman said in London on Tuesday.
Rekha, a resident of Koh village, was alone at home watching TV when the incident occurred. Her children, aged seven and five, were at school and her husband Sanju, a farm labourer, was away at work, Farah police station in-charge Sanjay Kumar Pandey said.
The conveyor belt at the partially collapsed SLBC tunnel in Telangana has been repaired and made operational, making it easier for rescue personnel to shift muck and debris. The belt was damaged following an accident on February 22. Rescue efforts continue on the 11th day of the accident, with a team from South Central Railway cutting the platform of the damaged Tunnel Boring Machine inside the tunnel. The government is exploring the option of deploying robots in the rescue operation to prevent any threat to the rescue personnel.
The Allahabad High Court Bar Association has opposed the transfer of Delhi High Court sitting judge Justice Yashwant Varma, from whose official home a huge stash of cash was reportedly discovered. The association said that the Supreme Court's decision to transfer Justice Varma back to the Allahabad High Court was "taken aback".
But there were no bold statements on race day as he struggled to take a point and his team mate Charles Leclerc laboured to an eighth-place finish.
Rescue operations at a flooded coal mine in Assam's Dima Hasao district continued for the seventh day on Sunday to locate trapped labourers inside the quarry. The bodies of four labourers have been recovered so far, with the dewatering process expected to reach its final stage soon. The mine was abandoned 12 years ago and was under the Assam Mineral Development Corporation until three years ago. The leader of the workers has been arrested and the police are conducting investigations into the case.
Firodia talked about his plans for the EV-components business, and the components business at large for the group
Gujarat Titans produced an excellent all-round show to beat Royal Challengers Bengaluru by eight wickets in their Indian Premier League (IPL) match at the M. Chinnaswamy Stadium, Bengaluru on Wednesday.
A team of navy, army, NDRF, and SDRF personnel are working to rescue nine workers trapped inside a coal mine in Assam's Dima Hasao district. The mine is suspected to be illegal, and one person has been arrested in connection with the incident. Rescue efforts have been underway since Monday, but no workers have been found yet.
'When so many young Baloch men and women are willingly volunteering as fighters and even suicide bombers.'
'We cried our hearts out as we saw our huts going underwater. It was hard to believe that I was fast asleep at the same spot just 15-20 minutes ago'
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