Underlining the contribution of non-resident Indians, Union Finance Minister Nirmala Sitharaman on Tuesday said remittances sent to the country by overseas Indians were about $100 billion for the year 2022, an increase of 12 per cent in one year. Speaking at a session during the Pravasi Bharatiya Divas (PBD) convention in Madhya Pradesh's Indore city, she described NRIs as the "real ambassadors of India" and appealed to them to use made in India products and services as far as possible so that the country's individual brand can be promoted across the globe. Sitharaman also said that after the "China plus one" policy, the world is now talking about the "European Union (EU) plus one" policy.
Workers at Satyam Auto and Rockman Industries, two leading auto parts suppliers to India's largest two-wheeler company, Hero MotoCorp, have been on strike for the past two weeks. They have come together to press for better wages and a workers' union.
'The aim is also to probe how the ministry and testing agencies made negligence in examining these OEMs, so that such negligence is avoided in the future.'
Indira Kannan picks Made in Bangladesh, Greed, Moothon.
At Prestige Polygon Towers in Chennai's Teynampet, hectic preparations are on for a mega global investors' meet under the aegis of Guidance Tamil Nadu (the state investment promotion agency) scheduled for January 2024. Asked about the key focus areas of the meet, the agency's managing director and chief executive officer, V Vishnu, said the state was betting big on electric mobility. This is no surprise, given that the state has signed electric vehicle (EV)-related memorandums of understanding (MoUs) with several companies in the recent past that may bring in investments worth around Rs 33,000 crore with the potential to create over 43,000 job opportunities.
'They are all worried about one thing -- what about tomorrow?'
It was one of the key promises made by the Congress ahead of the 2018 assembly polls, following which the party returned to power in the state after a gap of 15 years.
A lump sum of Rs 100,000 has been offered under the VRS package.
Foxconn means serious business in India. Its delegation to India was led by its Chairman Young Liu who met Prime Minister Narendra Modi.
Did the fear of central agencies probing scams involving NCP leaders that forced these politicians to jump ship?
Manufacturing activities in India remained robust and price pressures were contained in October as new orders and production rose at a slower but stronger pace, according to a monthly survey released on Tuesday. The seasonally-adjusted S&P Global India Manufacturing Purchasing Managers' Index (PMI) was up from 55.1 in September to 55.3 in October. The October PMI data pointed to an improvement in overall operating conditions for the 16th straight month.
UK-based workers of JLR rejected a pay hike offer, saying that it falls short of their expectations, giving rise to a possibility of strike.
'Fashion changes fast and if you are not keeping up you're getting left behind,' design diva Anita Dongre tells Pavan Lall.
Shutting of stores had not stopped alcohol sales. On the contrary, it had increased black market operations and peddling of illicit hooch, which could cause death/serious injury.
It's a middle path for labour reforms.
Kerala-based Kitex Garments, the world's second-largest children's garments producer, has landed in trouble after sporadic violence at its workers' camp led to an attack on the local police, injuring at least five officers. The local police told Business Standard that at least 156 migrant workers were detained after the incident and around 50 have been arrested so far. A decision on any possible action against the company will be taken after the investigation.
The explosion occurred when some chemicals were being mixed to produce fireworks at the unit in Acchankulam village, they said, adding the injured had been hospitalised.
Indian economy had grown at 6.6 per in 2013-14.
'Within a short span, it increased attendance, improved children's physical fitness, and led to a rise in the enrolment ratio.'
Even though each episode is about an hour long, you won't reach even blink: Divya Nair applauds Suzhal: The Vortex.
For the Stalin government to win back the confidence of voters ahead of the Lok Sabha polls, post-flooding restoration works, their speed and efficacy would be closely watched, and not just by the political Opposition, notes N Sathiya Moorthy.
World number four Ratchanok Intanon has been cleared of an anti-doping violation, the Badminton World Federation (BWF) said on Monday, paving the way for the Thai medal hope to compete at the Rio Olympics.
The Department refused to allow transfer of the plant till the dues claimed by the department are not remitted by the company.
Life in the north-eastern state of Manipur continued to limp back to normal as curfew was relaxed in 11 districts, including Imphal West, Bishnupur, Churachandpur and Jiribam, for six hours from 5 am, as no fresh incident of violence was reported, officials said on Wednesday.
The Arvind Kejriwal-led AAP criticised the move, claiming the BJP was promoting curbs on the free will of citizens.
Business Standard checks out trade hubs across the country to assess the impact of demonetisation. The first of a six-part series takes a look at Tirupur.
'If the situation arises, the committee will decide on Pawar's successor and the decision will be unanimous'
With more than 21 lakh migrant workers returning to the state as per official data, the Nitish Kumar government faces an enormous challenge in providing jobs for them.
Given that this is a Prakash Jha film, drama does knock on the door, observes Joginder Tuteja.
An average of 30-40 per cent automation is standard across all big automobile plants in the country
Migrants are no longer sure if they would be able to live by Modi's mantra of "Jaan Bhi Jahaan Bhi".
At least 17 workers were on Saturday injured, five of them seriously, in a major fire that broke out reportedly following a blast at the Nagarjuna Agrichem plant in Andhra Pradesh's Srikakulam district, police said.
Around 275,000 migrant labourers and their family members have returned to the state. According to the state government, this number could exceed 1 million by the end of this month. As the NDA government in Bihar is scheduled to face polls at the end of this year, providing livelihoods to these people is on the top Chief Minister Nitish Kumar's agenda.
In 2013-14, the group spent Rs 2.5 per cent of its revenue or Rs 16,000 crore.
'Rhetoric and chest-thumping are running high on India's recent growth record.'
'But will the giant waves developing elsewhere allow us to sail smoothly into fair winds?' asks Debashis Basu.
The proposed amendment to the Cigarettes and Other Tobacco Products Act puts the livelihooNewd of millions of women in jeopardy, according to a study. The new insertion (Section 10A(3)) makes it mandatory for persons to obtain licences, permissions and registrations for manufacturing, selling and distributing any tobacco product, it said. "This insertion if implemented will be an extremely harsh measure for small vendors who do not have the competency or financial means to obtain such licence," said the study by human rights lawyer Vibha Vasuki and senior professor of anthropology Siva Prasad Rambhatla.
The Rajasthan government on Thursday announced a strict lockdown in the state from May 10 to 24 under which marriage functions, intrastate movement have also been disallowed.
Cabinet may take up amendments to 3 laws on Wednesday; but no relaxed retrenchment norms yet.
Young, ambitious workforce learns skill degrees come with no guarantees.
Average wages paid by listed companies is more than twice the salaries paid by other enterprises, points out Mahesh Vyas.
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