In order to be competitive, the companies should now add value to their services and innovate ways to become efficient. With the continuing onslaught of the global financial crisis, companies are turning to large-scale lay-offs to cut cost and tide over the crisis.
Watal a 1978-batch Andhra Pradesh cadre IAS officer.
The 43-year-old popular television actor-turned politician continued to cultivate Amethi in the past five years despite her loss in 2014 to Gandhi and this helped her reap electoral dividends.
The measures have been mainly offered to the leather, marine, handicrafts and textiles industries though some global benefits have also been included.
The labour ministry had started quarterly surveys on employment after the global financial crisis hit the Indian economy in September 2008.
As foreign fund flows have lifted the rupee to record highs against the dollar, the commerce ministry has started telling exporters to prepare for the Indian currency rising further to 38 against the dollar by December. The strong rupee is already hurting India's exporters, with companies cutting jobs and scaling back expansions. A further appreciation may have even worse consequences for sectors like textile, infotech and automobile.
The reshuffle is aimed at speeding up the implementation of the government's ambitious programmes like the SmartCity project and focus on key sectors like Mines, Information Technology and Road Transport.
Cumulative exports during April-October 2017-18 increased by 9.62 per cent to $170.28 billion, while imports grew by 22.21 per cent to $256.43 billion, leaving a trade deficit of $86.14 billion.
It was 55.3 per cent for the same period last year, and data shows the fiscal deficit for April-May was kept in reasonable check in spite of heavy frontloading of expenditure.
Minister of State for Railways, Kotla Jaya Surya Prakash Reddy, on Friday resigned from his post in protest against the Union Cabinet's decision to go ahead with the proposed bifurcation of Andhra Pradesh.
While the number of active COVID-19 cases stood at 7,409, as many as 764 people have been cured and discharged, and one had migrated, it said. Of the total 273 deaths, Maharashtra tops the tally with 127 fatalities, followed by Madhya Pradesh at 36, Gujarat at 22 and Delhi at 19.
Prime Minister Manmohan Singh has directed the ministries and government departments not to duplicate official estimates and sought strict compliance to ensure that data and statistics collected are consistent.
Powerlooms and a lack of policy have pushed heritage art towards extinction, say Shreya Jai and Subhayan Chakraborty.
However, in recent times, the clout that trader bodies such as CAIT and other organisations like Swadeshi Jagran Manch and Laghu Udyog Bharati has is steadily increasing. Earlier this year, trader bodies were able to convince the government not to extend the deadline for implementation of the new norms in FDI policy on e-commerce.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
Jaipur Rugs Foundation and IRMA launch Artisans Forum for transforming craftsmen into entrepreneurs.
The product was banned for export earlier, but has now been moved to the restricted category, under which an exporter would have to seek a licence from the government for shipments.
An announcement has barred the entry of journalists in the finance ministry.
India is likely to appeal against the ruling of a World Trade Organisation compliance panel, which concluded that the European Union had complied with an earlier WTO ruling regarding its anti-dumping measures against Indian imports of cotton bed line
In the third reshuffle since coming to power, Prime Minister Modi raised the strength of his Council of Ministers from 73 to 76.
'Till late on the night before the National Awards ceremony, Smriti was in talks with the President's office, hoping to make the President change his mind.'
Exports of petroleum products, chemicals, pharmaceuticals, gems and jewellery, and engineering goods registered a positive growth.
The country has generated an additional income of Rs 10,000 crore (Rs 100 billion) to Rs 12,000 crore (Rs 120 billion) annually because of its higher yield, J N Singh, joint secretary in the Union textiles ministry, told Business Standard.
'The government wants farmers to diversify from rice and wheat, and create another green revolution. Cannabis can play a big part in that'
Karunanidhi was convinced that using the 2G cases against the DMK and reopening the fodder case against Lalu Prasad Yadav were products of the Congress leadership's short-sightedness. A revealing excerpt from A S Panneerselvan's Karunanidhi: A Life.
With the public sector non-life insurers rationally pricing risks, discounts on property insurance has come down by 20-25 per cent.
'Defence funding is channelled to State-owned research organisations where scientists are merely bureaucrats holding meetings and sending out minutes of meetings and press releases, but have long ago stopped any innovative work.' 'Unless this tragedy is fixed, India's chances to create world-conquering and job-creating new industries are slim,' says Ajit Balakrishnan.
The exporters are optimistic that the industry will grow by 8-10 per cent and it can improve further if the government helps the industry.
'It was like a doctor giving some simple pain killers to a patient in dire requirement of chemotherapy.' 'There was no sense of urgency or desperation in this particular Budget.'
The Reserve Bank of India has started a review of the non-performing asset or bad loan classification norms to ease the flow of credit to corporate groups.The move follows a reference from the government and is aimed at relaxing the norms temporarily to enable companies to access funds during the economic downturn that is putting pressure on cash flows and repayment capabilities.The review has been sought by the finance ministry following appeals from various industries.
These core industries comprise 40.27 per cent of the weight of items included in the Index of Industrial Production.
Prime Minister Narendra Modi who inducted 19 new ministers into his Cabinet on Tuesday has carried out major changes in the portfolios of his top ministers.
She began her career as an aspiring model in the late 1990s. A few decades later, she is one of India's best known politicians.
The company stated that it was taking steps for cost rationalisation across all businesses to maintain liquidity and due to a prolonged slowdown it had to take a few tough measures.
Key sectors of the Indian economy shed half a million jobs in the final three months of last year as the global slowdown took its toll on one of the world's fastest growing big economies.
A dip in petroleum product exports for the first time in the current fiscal has contributed to a 22 per cent decline in merchandise exports in January, commerce ministry data reveals.
Vidarbha, the land of farmers' suicides, may soon witness changes in cultivation methods.
How do you provide health care to handloom weavers, who occupy among the poorest segments in the unorganised sector? There are 6.5 million of them scattered across the country and are not always fixed in their occupation.
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