The Indian cement industry is hopeful of greener pastures after a long period of stress led by pricing pressures and other factors. The second half of FY25 is expected to bring respite due to price hikes, cost benefits and higher volumes, said analysts. The optimistic momentum also makes cement stocks attractive, analysts added, advising to buy dips following a period of bearish sentiment in these stocks.
The Samyukta Kisan Morcha, an umbrella body of farmer organisations that spearheaded the 2021 protest, adopted the resolution to "intensify the fight against the policies of the Union government to save farming, food security, land and livelihoods of the people".
Two days after five Chinese nationals were killed in a suicide attack at a hydropower project in Khyber Pakhtunkhwa in Pakistan, a Chinese company has suspended civil works and laid off hundreds of workers at another hydropower project in the same restive province, according to media reports on Thursday.
The tribal communities, asserting their rights under the Forest Rights Act, are now planning to gather in Delhi to demand "justice" for their livelihoods and traditions that are closely linked to the forests.
Three Union ministers and farmer leaders will meet in Chandigarh at 6 pm to discuss their demands, including a legal guarantee for MSP for crops and farm debt waiver.
Uttarakhand Chief Minister Pushkar Singh Dhami on Tuesday said none of the 41 labourers rescued from an under-construction road tunnel in Uttarkashi district was in a critical condition.
Harris, who is of Indian and African heritage, has received the backing from more than the 1,976 pledged delegates needed to win the Democratic Party's nomination on the first ballot, CNN reported on the first full day of her campaign.
'All of these guys who are opposing the Supreme Court judgment are from dominant scheduled caste communities and none of them come from the scavenging community.' 'Not a single scavenging leader will oppose this Supreme Court judgment.'
He argued that if inflation is low, stable and moving towards the 4 per cent target, why has the RBI not revised downward the bank rate fixed in June 2023?
The Enforcement Directorate (ED) has filed a money-laundering case against Kerala Chief Minister Pinarayi Vijayan's daughter Veena Vijayan and her IT firm for receiving 'illegal payments' from a Kochi-based private firm, official sources said on Wednesday.
As the last ambulance carrying one of the 41 labourers rescued from an under-construction road tunnel left the site in Uttarakhand's Uttarkashi district for a community health centre on Tuesday evening, Chief Minister Pushkar Singh Dhami and Union minister V K Singh went straight to a temple of local deity Baba Baukhnag to express their gratitude for his blessings.
India has flagged concerns over non-tariff barriers (NTBs) faced by its exporters with the Russian government, commerce secretary Sunil Barthwal said on Monday. NTBs faced by Indian exporters are mainly in sectors such as marine products and pharmaceuticals.
The Bill will make it tougher for workers to go on strike.
A collaborative approach can yield better results in reforming labour laws that can be implemented in the whole country, instead of different states following different norms in their own jurisdictions. That approach could also help the governments convince the trade unions to see merit in these reforms, says A K Bhattacharya.
Protests by central labour unions and widespread criticism from Opposition parties because of job losses on account of demonetisation and the GST have put the contentious labour reform proposals in the slow lane.
The government was going in the "wrong direction" and it was "highly condemnable" that it did not discuss the proposed changes with trade unions and other stakeholders, says BMS, trade union arm of the RSS.
Ten central trade unions except Bharatiya Mazdoor Sangh are observing one-day general strike on Thursday to protest against various government policies.
Finance Minister Nirmala Sitharaman's Budget proposals lay out a comprehensive road map for transforming India into a developed nation, focusing on key priorities that aim to generate ample opportunities for all citizens in "Viksit Bharat". It sets the stage for sustained economic growth, social development, and technological advancement.
Recognising job creation for the youth as the foremost challenge for the economy, Finance Minister Nirmala Sitharaman on Tuesday announced a comprehensive Prime Minister's package to facilitate the employment and skilling of 41 million youth with a central outlay of Rs 2 trillion over the next five-year period. The package will consist of five schemes and initiatives - three focused on jobs and two on skilling.
Jet Airways has been looking at various ways to raise funds amid acute liquidity crunch that has forced it to ground aircraft, cancel flights in large numbers, shutdown stations and delay salary payments to its pilots and engineers along with other senior staff.
'India's top companies currently lack the organisational wherewithal to hire and train 2 million interns annually, given their current scale of operations and existing employee base.'
Says govt offer a positive move and Wednesday's one-day stir should be deferred; others not impressed enough, especially Left
'Leave aside the negative fallouts of phraseology like 'urban Naxals' and 'terrorists', both the BJP and the Congress have to re-discover themselves in the context of the 2024 election results, including those of the upcoming ones for Maharashtra and Jharkhand,' observes N Sathiya Moorthy.
BMS general secretary Virjesh Upadhyay said, "There are many anomalies in the draft rules on Code on Wages which need to be amended. The new rules are silent about many provisions clearly provided in the four Acts subsumed in the code."
Air India is considering steps to bring down the number of recognised unions in the airline.
'We need to take steps towards ease of doing business.'
The reservation would include a 10 per cent horizontal quota for Agniveers in the posts of constable, mining guard, forest guard, jail warden, and special police officers.
Few finance ministers announce any taxation measure that could upset the stock market. Ms Sitharaman decided to take that risk, observes A K Bhattacharya.
However, there will be no inter-state movement of workers during the lockdown, which has been extended till May 3.
Working hours cannot go beyond 48. Those who give a four-day week will have to provide three consecutive holidays after that.
>Bihar (18 days) has the most number of heatwave days in 2023, followed by Andhra Pradesh (15 days), Odisha (15 days), Jharkhand (13 days), West Bengal (8 days) and Tamil Nadu (6 days).
The Union finance ministry has rejected a proposal sent by the labour ministry to double the monthly minimum pension amount to Rs 2,000 under the Employee Pension Scheme (EPS). The Central Board of Trustees (CBT), the apex decision-making body of the Employee Provident Fund Organisation (EPFO), was apprised of the proposal's rejection during a meeting on Saturday. "According to the recommendations made by a highly-empowered monitoring committee constituted by the government, a proposal to increase the minimum pension under EPS from Rs 1,000 to Rs 2,000 per month, by providing additional budgetary support, was sent to the ministry of finance.
Exasperated by frequent labour strikes, the Tamil Nadu government has decided to give public utility status to Auto components makers. A move that has left labour unions fuming since, now, they won't be able to go on strike without issuing a notice of six weeks in advance.
'The Indian private sector knows how to build and run educational organisations, what is needed is a large dose of removal of restrictions.' 'Government restrictions hold back universities in India from launching medical schools,' argue Ajay Shah and Vijay Kelkar.
While all indicators pointed to economy drastically slowing down due to lack of demand, the government continued to steer its policies in the name of 'ease of doing business', aggravating widespread impoverishment and deepening the crisis further, the unions alleged.
'The government should come back as a job creator as it did in the 1960s and the 1970s.'
Labourers held a demonstration in front of the police station.
The Union government is projected to share about 32 per cent of central taxes with states during the financial year 2024-25 against the 15th Finance Commission's recommendation of 41 per cent. The Revised Estimates (RE) for FY24, too, show a similar share of states in the central taxes at 32 per cent. In absolute terms, however, there has been an increase in the amount devolved to states compared to the Budget Estimates (BE) for FY24 at Rs 11 trillion.
Using the Mahabharat reference as a leitmotif, Leader of Opposition in the Lok Sabha Rahul Gandhi on Monday claimed that an atmosphere of fear prevails all around with a group of six trapping the entire country in a 'chakravyuh' he promised would be broken by the INDIA bloc.
Ballot papers were posted out as voting opened on Monday to decide if veteran leftist Jeremy Corbyn will remain the head of UK's Opposition Labour party, amid deep divisions within the 116-year-old organisation over the leadership challenge triggered by the 'Brexit' vote in June.
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