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.
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.
'Consider 40% to 50% in equities, 10% in gold as a hedge, and the remaining 30% to 40% split between multi-asset funds and hybrid funds.'
In a December 2012 interview, Ratan Tata, then preparing to step down as chairman of Tata Sons, expressed doubts about the Tata group re-entering the aviation sector, calling it a space plagued by "destructive competition". But beneath that frustration lay nearly two decades of failed attempts to conquer the Indian skies. In 1994, Tata, along with Singapore Airlines, had plans to launch a joint venture (JV) airline in India.
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."
Ten central trade unions except Bharatiya Mazdoor Sangh are observing one-day general strike on Thursday to protest against various government policies.
In the months immediately following the 2024 tragedy, reporting on the landslide per se had been a straightforward affair. On one side was death and destruction. On the other side, survivors and the business of survival. It was black and white. What direction to take was clear. Rehabilitation in comparison, felt like a complex situation. One that is fraught with shades of grey. As grey as human life, explains Shyam G Menon.
'Gyanendra back on the throne would be bad news for the Nepali people. He may not have learnt from his experience, but we have.'
Labourers held a demonstration in front of the police station.
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.
However, there will be no inter-state movement of workers during the lockdown, which has been extended till May 3.
He also said that his country would continue to talk about the Kashmir issue "through channels that are acceptable" and prayed that "the issue is amicably resolved".
'When people have money in their hands, they make their judgment about whether they want to spend it entirely or spend some out of it.'
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.
What some of our leaders were up to this week.
Alleging that Modi has launched a "big assault" on the workers, a combative Gandhi vowed to fight their battle like the Congress did for the farmers on the land acquisition bill.
With the reality of coalition politics staring the BJP in its face, this was inevitable, points out Ramesh Menon.
'Workers and employers should be ready for a change demanded by the new dynamism of the economy'
Working hours cannot go beyond 48. Those who give a four-day week will have to provide three consecutive holidays after that.
President Pranab Mukherjee on Friday gave his assent to Rajasthan's amendment to three laws -- the Factories Act, Industrial Dispute Act and Contract Labour Act.
The attack, which claimed the lives of seven individuals, including a local doctor and two labourers from Bihar, has raised concerns about the unreported trend of local youths joining terrorist groups in Kashmir during this period.
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.
An increase in the farmer income support scheme PM Kisan Nidhi, the introduction of a 'robot tax' to fund reskilling of people who lose their jobs to artificial intelligence (AI), and a reduced income-tax (I-T) to bring relief to the middle classes - these are some of the items in the Budget wish list submitted by Sangh Parivar affiliates to Finance Minister (FM) Nirmala Sitharaman. Representatives of the affiliates of the Rashtriya Swayamsevak Sangh (RSS), such as the farmer organisation Bharatiya Kisan Sangh (BKS); trade union Bharatiya Mazdoor Sangh (BMS); Laghu Udyog Bharati, which works for micro and small industries; and Swadeshi Jagran Manch (SJM), which works on economic and policy issues, met the FM and other officials over the last couple of weeks as part of the pre-Budget consultations.
We no longer have the ambition to rival China save through words. We are happy to be fighting ourselves and digging up disputes from centuries ago as a substitute for real development, argues Aakar Patel.
'If it doesn't, it will continue with measures to infuse liquidity, signalling a new cycle,' predicts Tamal Bandyopadhyay.
The Centre has, however, retained its proposal to curb flash strikes as workers in all factories will be required to give employers a strike notice of at least two weeks after the Bill becomes a law.
Corbyn won 61.8 per cent of the total vote, an even larger margin of victory than last year.
Meanwhile, HMSI has raised its production capacity to 15 lakh units per year with the recent inauguration of its third assembly line.
Air India Express on Thursday cancelled 85 flights or around 23 per cent of the total daily capacity as the disruptions due to the cabin crew shortage continue and said Air India will operate services on 20 of its routes to minimise inconvenience to passengers.
Ten central trade unions on Tuesday said they are going ahead with their planned nationwide general strike on November 26 and also announced their support to a two-day farmers' agitation next week. The meeting of the Joint Platform of Central Trade Unions (CTUs) and Sectoral Independent Federations and Associations was held virtually on November 16, 2020. Unions expressed satisfaction over the tremendous response being received from workers and the people at large throughout the country to the ongoing campaign for the countrywide general strike on November 26, 2020, a joint forum statement said.
The Union government is considering a proposal to empower the states to frame separate labour laws in certain specific locations to attract investments, Union Commerce and Industries Minister Kamal Nath said on Friday.
Favouring labour reforms but without 'hire-and-fire' system, Planning Commission Deputy Chairman Montek Singh Ahluwalia on Friday said rigidities in labour laws were affecting the domestic job market.
'Generating employment requires a shift in policy.' 'If not, the country will face economic, social and political challenges in the coming years.'
Jagjit Singh Dallewal, a farmer leader, is on an indefinite hunger strike that has entered its 34th day. The Supreme Court has criticized the Punjab government for not shifting Dallewal to a hospital, while farmer leaders have said they are following Gandhian principles and it is up to the government to decide whether to use force to evict him. The farmers are protesting for several demands, including a legal guarantee for a minimum support price (MSP) for crops. The protests have reached a decisive stage, with the SKM (Non-Political) and Kisan Mazdoor Morcha calling for a Punjab bandh on Monday.
Sticky labour laws and a difficult business environment have led to employers shifting their new hiring in favour of contract labour where social security is much lesser, says Mahesh Vyas.
MPs Chuka Umunna, Luciana Berger, Chris Leslie, Angela Smith, Mike Gapes, Gavin Shuker and Ann Coffey held a press conference in London to tell reporters that they would sit as a separate independent group within Britain's Parliament.
Clashes also broke out at several places in Kashmir on Tuesday, leaving several persons injured.
With the Congress already opposed to the proposed law, regional parties might become the swing factor, says T N Ninan.
The principal opposition party though appeared content securing 99 of the 543 seats in the 2024 national elections as against its all-time low of 44 in 2014 and then 52 in 2019.
