Fitch Ratings on Tuesday affirmed India's sovereign credit rating at 'BBB-' with a stable outlook, saying the rating derives strengths from the country's robust growth outlook and still-resilient external finances. It said India's robust medium-term growth outlook is a key supporting factor for the rating. A clear improvement in corporate and bank balance sheets, which were under strain prior to the pandemic, is likely to facilitate a steady acceleration in investment in the coming years.
Hasina was set to travel to London from India but is now contemplating other options after the British government indicated she may not get legal protection in the UK against any possible investigation, they said.
He spent his last days at the campus of Avani, an organisation he was associated with for three decades. Avani works towards the empowerment of the marginalized children, child labourers, migrant brickyard and sugar cane workers and the women in the labour force.
Around 81 per cent of the workers constitute the unorganised sector - devoid of any social security cover and outside the purview of a complex set of labour laws.
All four labour codes are likely to be implemented in one go from April 1, the beginning of the next fiscal year, labour secretary Apurva Chandra said on Wednesday. The parliament in its just concluded session passed three labour code bills: the Industrial Relations (IR) Code, the Social Security Code, and the Occupational Safety, Health and Working Conditions Code (OSH). The Wage Code Bill, 2019 was passed by the parliament last year.
The dead were identified as belonging to Punjab province. No group has claimed responsibility for the attack so far.
Real Madrid got their LaLiga title defence off to a limp start as they were held to a 1-1 draw at Mallorca.
Bangladesh descended into chaos on Monday as Prime Minister Sheikh Hasina surreptitiously resigned and fled the country in a military aircraft while the Army stepped in to fill the power vacuum.
Growing at a robust rate due to economic reforms in key sectors like digitisation and infrastructure, India has emerged as a star performer and is projected to contribute more than 16 per cent of the global growth, the International Monetary Fund said on Monday. "What we have been observing for quite some time now is that India has been growing at a very robust rate. "It's one of the star performers when it comes to real growth when you look at peer countries.
The share of women workers in registered factories submitting annual returns - working more than the statutorily-mandated maximum limit of 48 hours in a week - increased to a 11-year high of 33.6 per cent in 2019, shows the latest annual data released by the labour bureau. In comparison, only 27.9 per cent male workers worked more than the statutorily-mandated hours. Earlier in 2008, 39.2 per cent women workers had worked more than the prescribed work time.
Failure to reinstate salary even two years after the drastic cuts has landed the airline industry in a massive industrial relation crisis. While employees of Air India had organised a strike back in 2011, it is for the first time that private airlines are facing serious stress related to workers. IndiGo witnessed two of them, back to back. In the first instance, around 50 per cent of the IndiGo flights were delayed as a large number of crew members went on mass sick leave, apparently to participate in a rival airline's walk-in job interview.
'Samsung declared they would not allow the presence of any trade union.' 'This is unacceptable as the rule of law in India permits employees to have a trade union.' 'So, the crux of the strike is this.'
India's unemployment rose to a three-month high in March to 7.8 per cent as the country's labour markets deteriorated, according to data from the Centre for Monitoring Indian Economy (CMIE). Unemployment rate in the country surged in December 2022 to 8.30 per cent but declined in January to 7.14 per cent. It edged up again in February to 7.45 per cent, the CMIE data released on Saturday showed. During March, the unemployment rate in urban areas was at 8.4 per cent while in the rural areas it was at 7.5 per cent.
Everyone at Chooralmala thought that the 1.30pm landslide would be the only one, and many had gone back to bed, hoping that others who screamed for help would be safe.
'The economic impact of this lockdown is evidently huge.' 'Its impact on the livelihood of vulnerable sections of the society is immeasurably bigger,' observes Mahesh Vyas.
Images from Day 1 of the French Open 2024 tennis tournament at Roland Garros in Paris, on Sunday
Almost all recent labour strikes were declared illegal by the labour department of Gujarat.
'Falling labour participation rate is common in the ageing populations of the developed world.' 'But India is a country with a young population.' 'It is imperative that the labour participation increases.' 'We need a larger labour force to increase our per capita income level,' points out Mahesh Vyas.
Mithun Chakraborty started from scratch in bit roles and had no Godfather backing him. Yet, remarkably, his career now straddles six decades and he continues to win acclaim, observes Dinesh Raheja.
"Indian travellers would be aware of recent disturbances in some parts of the United Kingdom. The High Commission of India in London is closely monitoring the situation," reads the message entitled 'Advisory for Indian Citizens Visiting the UK.'
India has the best hiring outlook globally, second only to Brazil, with 54 per cent of companies surveyed planning to hire in the December quarter as against 51 per cent in the September quarter, according to a report by global staffing firm ManpowerGroup. The report titled "ManpowerGroup Employment Outlook Survey" showed that India has the strongest net employment outlook for the December quarter in the Asia-Pacific region, followed by China (46 per cent), and Australia (38 per cent). The global net employment outlook in the December quarter would stand at 30 per cent, down by three percentage points from the June-September quarter, yet six percentage points higher than the same period last year, the staffing firm said.
Uttarakhand Chief Minister Pushkar Singh Dhami on Monday visited the Silkyara-Barkot tunnel site for a review of the rescue operations being carried out there to evacuate 40 labourers trapped inside since Sunday morning following its partial collapse.
Divya Nair recommends that non-Vijay fans save their money and wait for GOAT to drop on Netflix instead. At least you can fast forward and get to the climax faster.
President Droupadi Murmu on Wednesday emphasised the need to strengthen affirmative action as a tool for inclusion while urging the rejection of divisive tendencies rooted in perceived social hierarchies.
'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.
It's time we dispensed with the paper trail and shifted all labour law paper, workflows and permissions online.
An exclusive excerpt from The Tatas: How A Family Built A Business And A Nation.
Sukanya Verma gives you some great options to choose from.
The forthcoming budget needs to delay fiscal consolidation, instead should focus more on supporting the pandemic battered-economy and boost consumption demand by offering income tax soaps and cutting fuel taxes, says a report. In a pre-budget report, India Ratings said it expects the new budget to consolidate and strengthen the plan set out in the last budget, rather than trying out new things by continue with the revenue and capital expenditure pattern of FY'22 to provide stability and consolidation to the past/ongoing efforts, and to focus on boosting demand by generating employment opportunities in areas/sectors that have been impacted more by the pandemic. The report therefore expects the finance minister to delay fiscal consolidation and make it to be a gradual and calibrated process, thus ensuring the necessary fiscal support that the economy needs is available till the recovery acquires its own momentum.
After assuming power in 2014 with a full majority of its own, the BJP-led NDA government started an ambitious process of reforming labour laws in the form of codes aimed at making the framework less cumbersome with a variety of alterations. It had planned four codes each for industrial relations, wages, social security and welfare, and occupational safety, health and working conditions. To this end, 35 central labour laws were to be converted into four codes that would have had the virtue of streamlining labour relations. But none of the proposed code Bills could be converted into a law principally because neither trade unions nor industry representatives came on board. They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why
'Investment creates capacity and reduces inflation. Income, employment, and savings rise.'
The state's economic health is in focus as it has consistently breached the fiscal deficit in eight of the last 10 years since Telangana's formation.
'From our survey we found that there was a problem in the agricultural sector and drones could solve the problem.'
Highlighting the plight of train drivers, the note said loco pilots, especially those who drive goods trains, work 14 to 16 hours a day and get to go home after three or four days.
"We are not able to find any work due to the prevailing situation," say migrant labourers who are being forced to move out owing to the unrest.
According to NSSO, more than half of India's working-age population is out of labour force. In 2017-18, the youth unemployment rate was in the range 13.6-27.2 per cent.
The state's joblessness is three times higher than the national average of 7.8 per cent.
Moreover, the process to release those arrested between July 1 to August has started, and many have already been released, it added.
NITI Aayog has not said what the reasons were for having achieved or not having achieved what was sought to be achieved, or what lessons can be learned for the future, points out Aakar Patel.
The fall in the employment rate translated into a 2.6 million fall in absolute employment between December 2022 and March 2023. Most of this fall was in March 2023.
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