Ex-mill sugar prices have remained steady in the range of Rs 3,250-3,350 per quintal in north India and at Rs 3,100-3,250 per quintal in the south India.
'Industry realises we cannot overly depend on imports from anywhere including China.'
The one common thread that we see across these jobs is that they are all highly human-centric, points out Ramesh Kumar.
HR Guru Mayank Rautela offers practical advice.
India's exports are showing signs of improvement as the contraction in outbound shipments in June so far has come down to about 10-12 per cent as compared with 60 per cent in April, Commerce and Industry Minister Piyush Goyal said on Monday. Declining for the third straight month, In "Currently we are about 10-12 per cent down in June. So in a sense, we have reached up to 88-90 per cent of the level of exports that we had in June 2019 in the current month in the first two weeks. I am awaiting the data for third week (of June)," Goyal said at a CII function.
With hotels and restaurants being barred from levying service charge, waiters, chefs and other workers are worried they will lose out on money and are planning to approach managements to seek a pay raise. They are also apprehensive that tips given by customers out of goodwill will dwindle. Uttarakhand-native Prakash Singh Koranga, 27, a chef who works at an outlet of popular franchise Moti Mahal Deluxe restaurant in south Delhi, said service charge which gets proportionally divided among the staff acts as an "extra income" and "incentive to give our best at the job".
Survey calls for reorienting policies to promote young firms which have the potential to become big, rather than small MSME firms which remain small.
'The workers's dance of wilful destruction has the potential to kill all investments planned in India by any foreign entity,' argues Dr Sudhir Bisht.
After several years of downgrades to the country's medium-term growth outlook, the estimates are likely to be upgraded now, Credit Suisse said in a report. The country's economy is showing signs of bottoming out, it said. According to the report, the consensus forecasts of GDP growth for FY2022 over FY2020 stopped falling after October 2020 (currently at (-) 1 per cent). Analysts at Credit Suisse expect these estimates to be revised upwards.
Clearly, the domestic market has taken sharp knocks in April, which is likely to be visible in May as well, said analysts tracking the market, as FMCG companies are grappling with improving capacity utilisation and dealing with labour shortage.
The Centre and states are looking to further tighten the GST registration process and legal measures to deal with the rising cases of fake invoicing. A meeting of the law committee of the GST Council has been convened on Wednesday to discuss these issues, finance ministry sources said. The committee, comprising senior central and state tax officers, would also discuss the GST fake invoice frauds, further tightening of the GST registration process and work out other legal measures including necessary law amendment required in the GST Act to curb the menace of fake invoicing, they added. Also the provisions related to deemed registration under Goods and Services Tax (GST) law may be tightened to prevent the misuse of such provisions by fake dealers and the provisions related to suspension of registration may also be streamlined to make the procedure of suspension and cancellation of registration more efficient and faster, so that such fraud operators can be prevented in time from continuing to pass on fake credit down the chain.
In most cases, however, retail consumers are paying higher prices in the absence of direct procurement from aggregator or farmers.
India Inc resorted to salary cuts to protect their profits in the June quarter, as revenues came under pressure due to the second pandemic wave that affected nearly the entire country, a report said on Wednesday. The "weak" wage growth will prove to be a drag on the overall economic recovery in the medium term as it will affect household consumption, the report by India Ratings and Research said. An environment of pandemic-led uncertainty and elevated inflation could impact the level of spending and hence the overall demand, it said.
India is among the worst-performing BRICS nations along with Brazil (ranked even lower than India at 71st this year).
'The government is sincerely working on employment generation. Unfortunately, they are depending on these people from Harvard. Their wrong policies are killing jobs. The government has to come out of the Western framework on which they depend upon a lot.'
The Union Budget announcement of a minimum support price (MSP) that will be 50 per cent more than the cost of production has started a debate on the calculation of cost. Ramesh Chand, member, NITI Aayog, speaks to Sanjeeb Mukherjee on this and related issues.
'Is baar vote jati par nahi, kaam par milega.'
In his monthly 'Mann ki Baat' broadcast, Modi said all classes of people have suffered during the pandemic but it is the poor who have suffered the worst.
Joginder Tuteja looks at the actors, who waited patiently, and will now release their films in theatres this year.
From small restaurants to mighty software companies, it is businesses, not the government, that create jobs. Yet, in a cruel irony, they have to fight extortive and brutal State power every step of the way, says Debashis Basu.
'So much so we don't feel the need to create anything, but just bask in that glory.' 'It's time to move on.' 'How much burden can you put on a person or the legacy of the person?'
As Covid-19 cases surge in India, companies have realised it's a tightrope walk between maintaining production and ensuring employee safety.
India must concentrate on manufacturing-led growth.
The agriculture ministry, in the last few weeks, issued guidelines and letters to states to ensure agriculture and food products reach consumers in a timely manner, while farmers don't have to come to the mandis to sell them.
Over the past three decades, a global labour market started taking shape.
An article in China's Global Times warned Beijing that China needs to worry about the effect of industrial transfer to India on production chain
It has been clear for a while that India needs manufacturing - and it may be true that global manufacturing needs India as well. Time to strike while the iron is hot, say Rajat Dhawan, Anu Madgavkar and Sree Ramaswamy.
Maharashtra Navnirman Sena chief Raj Thackeray on Tuesday said migrant workers from other states were responsible for the rapid spread of coronavirus in Maharashtra, which has been reporting a large number of new infections since the last few weeks.
Both Houses of Parliament were adjourned sine die on Wednesday, bringing the Monsoon Session of Parliament to an end eight days ahead of schedule.
'Vajpayee used to consult the Opposition; Indira Gandhi used to consult the Opposition. Which khet ki mooli is Modi?'
'There are companies that are losing and there are companies that are rising.' 'And the companies that are losing are positioning it as an economic slowdown.'
Prime Minister Narendra Modi and US President Joe Biden on Friday remembered Mahatma Gandhi, a week ahead of his birth anniversary on October 2, recalling the values advocated by the apostle of peace of non-violence, tolerance, respect and human trusteeship.
Perhaps half-way through India's demographic transition, what is the outlook for the future?
Fitch had last upgraded India's sovereign rating from BB+ to BBB- with a stable outlook on August 1, 2006.
Replying to the debate in Lok Sabha on Motion of Thanks to President Ram Nath Kovind's address to the Parliament, Modi said the Congress' 'arrogance' has not gone away despite multiple electoral defeats and its 'misdeeds' seem to indicate that it has made up its mind not to come to power for the next 100 years.
Accelerating quantity and quality of entrepreneurship towards benchmarks from high-performing countries and Indian states can create over 30 million women-owned enterprises, of which 12 million can generate employment, a joint report by Bain & Company and Google said.
'So you have welfare programmes, you reach out to the poor, you cut out the middlemen, you cut out the leakages and you try to raise the standard of living.'
With the gradual opening up of shops, hotels, restaurants and catering services with limited number of participants, milk consumption has improved by 5-10 per cent from the lowest level.
Workers moving out of agriculture to the rural labour force were largely getting absorbed in construction activities
What is more worrying, according to the report, is the fact that in over 20 per cent of the topic caseload districts where the second has ebbed, the third wave has set in firmly, which was only 5 per cent a month ago.
