Union Minister Nitin Gadkari voiced concerns about increasing poverty and wealth concentration, advocating for wealth decentralization and job creation in rural areas. He also highlighted the need for balanced sectoral contributions to GDP and discussed infrastructure development initiatives.
According to a new report by international management consulting firm Arthur D Little, the worst of COVID-19's impact will be felt by India's most vulnerable in terms of job loss, poverty increase and reduced per-capita income, which in turn will result in a steep decline in the Gross Domestic Product (GDP). "Given the continued rise of COVID-19 cases, we believe that a W-shaped recovery is the most likely scenario for India. This implies a GDP contraction of 10.8 per cent in FY 2020-21 and GDP growth of 0.8 per cent in FY 2021-22," the report said.
A 23-year-old employee of scam-ravaged Satyam Computers allegedly committed suicide in Chennai, apparently fearing that he may lose his job, police said.
Wouldn't it be better to reach 45 with a backup engine of passive income that helps you glide through these years instead of grinding, asks Ramalingam Kalirajan
Sebi's probe against Jane Street is part of its efforts to mitigate losses for individual derivative traders.
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.
Cross-check key documents, maximise your deductions, avoid errors, and ensure you get your refund smoothly.
'If you align your ambition with India's rise, the peak of your careers will unfold alongside the peak of India's power.'
The matter of Bumrah's availability for the series should have been a highly-guarded secret. That it was bandied about all through suggests the matter was deliberately placed in the public domain. This has become the basis of the hounding of Bumrah, by some former players and fans, asserts Rohit Mahajan.
As per the conditions set by General Motors, a dealer who does not accept its offer by July 15 would get only 50 per cent of the compensation amount being offered.
Jet Airways Chairman Naresh Goyal said on Friday Air Sahara employees would not lose their jobs as a result of his company taking over the Lucknow-based airline.
If those rendered unemployed are to be given the NREG equivalent of Rs 60 per day for say, 300 days in a year, it works out to an annual payment of Rs 18,000. For every lakh persons rendered unemployed for the full year, this means an outflow of Rs 180 crore. Bring in the actuarial probability of this happening in each industry, divide the premium over the large work force, and the scheme could even be self-financing.
"The textile industry is dying and requires increased help from banks," Ram Krishna Mundra of Mahendra Tora Pvt Ltd said on November 26. Power loom owners and weavers have been hit hard during the recent times. "The textile industry should be given an electricity duty subsidy to overcome the current crisis," he demanded. Vimal Ambani, president-Gujarat chapter, CII, said a unified national tax structure was needed to strengthen the industry.
There is no need for concern about job losses, Union Labour Minister Mansukh Mandaviya said on Monday and added that the country's unemployment rate would come down below 3 per cent in the future.
Among India's tech companies, education-associated start-ups are the worst affected, recording the maximum number of layoffs.
Rahul Gandhi accuses PM Modi of prioritizing his image over national security after the Pahalgam attack, challenging him to refute Trump's claims of brokering a ceasefire between India and Pakistan.
As many as 40 staffers, in the key equities and investment banking division in India, could be asked to go as part of the London-headquartered lender's global layoffs, said people aware of the development. HSBC India declined to comment.
The sales and ground handling agents of Air Sahara are up in arms against the management of Jet Airways
'I wouldn't change a single shot even if I could, the film is just perfect even with a supposedly flawed script!' Celebrating Sholay's 50th anniversary on August 15 with a special series, where contemporary film folk analyse the cult classic.
'For 40 years, India valued only technical skills. IITs, coding -- that became everything.' 'Soft skills were sidelined. But those are the skills that will keep you employable now, not technical skills.'
Shruti, who lost her entire family in the Wayanad landslide disaster and later her fianc in a road accident, began a new chapter of hope by joining government service. The state cabinet had recently decided to provide a government job to the young woman, who had endured back-to-back tragedies. She joined the Revenue Department as a clerk in the mountainous district, expressing gratitude to the government for its support during her difficult times.
Sierra, who had already checked out of her accommodation, learned only at lunchtime on Monday that Belgium's Greet Minnen had pulled out of the tournament and that she had been selected in the draw for a lucky loser spot in the main draw.
It was crucial for Shubman Gill to score truckload of runs to call the shots as skipper, former India batter Dilip Vengsarkar said in Mumbai on Wednesday.
'...the auto industry to get back to 7% to 8% annual growth.' 'High growth in the SUV segment alone will not achieve this, as it is a small market.'
The Aam Aadmi Party (AAP), led by Arvind Kejriwal, suffered a major setback in the Delhi Assembly elections, losing to the Bharatiya Janata Party (BJP). The loss marks a significant blow to Kejriwal's national ambitions and raises questions about the future of the party. The AAP had been in power in Delhi for the past 10 years and had also formed a government in Punjab. Despite the defeat, the party still holds 13 MPs from Punjab and Delhi. The article examines the factors that contributed to the AAP's defeat, including allegations of corruption, poor civic facilities, and the BJP's relentless attacks. It also explores the impact of the loss on Kejriwal's national aspirations and the party's future.
Congress leader Uttam Kumar Reddy said the country wanted to know whether any aircraft were downed during the conflict, especially in the wake of the CDS' "admission".
'Loss of these urban salaried jobs is, therefore, likely to have a particularly debilitating impact on the economy, besides causing immediate hardship to middle-class households,' points out Mahesh Vyas.
Ask rediffGURU and PF expert Nitin Narkhede your mutual fund and personal finance-related questions.
While Indian IT has known what is coming and has a strategy ready to combat it, the same can't be said about the country and the government.
Change will be a key theme for both the West Indies and Australia in their upcoming three-Test series in the Caribbean with the visitors set to field a remodelled batting line-up and the hosts being led out for the first time by Roston Chase.
IMAGES from Day 1 of the third Test match between England and India at Lord's, London, on Thursday.
Amazon will invest more than Rs 2,000 crore (about $233 million) in India in 2025 as it strengthens its logistics and safety standards, said the ecommerce company on Thursday.
India ended an 11-year-long ICC Trophy drought, beating South Africa by seven runs to claim the ICC T20 World Cup title for the second time on June 29 last year, in Barbados.
Various industry bodies have sought immediate government intervention through the imposition of anti-dumping duties, claiming India has seen a surge in imports of Chinese goods over the past two weeks.
Man United boss Amorim says he has no plans to quit
'In those 10 seconds, they even made a MAYDAY call -- which is only issued in case of a serious, imminent emergency.'
But in their pursuit of glory, both leaders must find a way to address the issues at hand.
The government's estimate that 300,000 to 500,000 people will lose their jobs -- is well below the projections of industry lobby groups, which put the number at around 1 million. The textiles and garments industry is the second-largest employer in India after agriculture. It directly employs 35 million people and indirectly provides livelihood to about 88 million people.
By July this year, Corus plans to close the operations of Corus Packaging Plus' Bergen (Norway) unit, which has a capacity of 150,000 tonnes and employs 260 people. Further, it might reduce the capacity of CPP's Trostre Works in South Wales by the year end, which could result in a reduction of 290 positions in operational and functional areas.
'Shubman Gill is a great thinker and player, but man management will be key to his leadership success.'
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