If solutions are not found, adequately and in good time, things could simply slip out of everyone's hands, warns N Sathiya Moorthy.
Commerce and Industry Minister Kamal Nath said that India will retaliate if faced with non-tariff trade barriers for its exports.
Paris came to a halt on Tuesday after seven labour unions went on strike, protesting President Nicolas Sarkozy's Sarkozy's plans to reform labour laws.
The country's textile industry is concentrated in a few pockets of Gujarat and Maharashtra in the west and Tamil Nadu and Karnataka in the south.
Labour Law in Saudi Arabia has called for replacement of foreign workers in stores by Saudi nationals.
The fifth Economic Census, 2005, released on Thursday, states that the number of hired labourers (temporary staffers) has shot up to 54.3 million in 2005, from 43.3 million in the last census conducted in 1998. In 1998, as many as 2.76 per cent of the 30.35 million establishments employed more than 10 permanent staff. This has fallen to 1.51 per cent in 2005. However, the growth of employment during 1998-2005 was 2.78 per cent per annum.
'The Indian economy has become like a car that has the appropriate wheels on one side -- political liberalism -- and scooter wheels -- economic illiberalism -- on the other,' points out T C A Srinivasa Raghavan.
'With this amendment, permanent employees will cease to exist.' 'The government should give a human touch and human face to labour reforms.' 'Ideas like survival of the fittest, might is right, etc, are rules of the jungle.' 'They cannot give new terms like hire and fire to jungle law.'
A key meeting of senior United Progressive Alliance government ministers and political parties, including the Congress and its Left allies, failed to secure a political consensus on the showpiece Special Economic Zones initiative.
The UAE and India have agreed to get rid of recruitment agencies by opening labour offices in India, Indian Minister for Overseas Affairs Vayalar Ravi said after a meeting with UAE Minister for Labour Ali bin Abdullah Al Kaabi. The offices will also educate overseas workers about UAE's labour laws and customs before they travel to the country.
Expat friendly new Saudi labour law increases annual leave from 15 to 21 days and to 30 days for those who have completed five years of service. The law also urges employers to pay end-of-service awards.
The organised sector now accepts accredited firms as labour providers for factory shop floors.
Says govt offer a positive move and Wednesday's one-day stir should be deferred; others not impressed enough, especially Left
'When you come through the hassles and struggles of business life, your mind is wired differently.' 'You are more connected to reality,' Akali Dal MP Naresh Gujral tells Rahul Jacob and Archis Mohan
The eighth Auto Expo kicks off on Thursday promising new launches and big announcements by domestic and global automobile giants, even as the booming industry sought flexibility in labour laws to maintain the growth momentum.
'We can go with smaller ensembles -- even 15 or 20 creations from a designer.' 'We are keeping the focus squarely on quality over quantity.' 'India Couture Week is, after all, about the best of the best,' FDCI Chairman Sunil Sethi tells Veenu Sandhu
Terming Baba Ramdev's charges against her as "diversionary tactics", Communist Party of India-Marxist leader Brinda Karat Saturday said attempts were being made to deflect attention from the core issue of violation of labour laws.
Vetting by inter-ministerial board removed for benefits under Startup India Action Plan
'If global growth continues to be sluggish, India instead could potentially take a bigger piece of a shrinking pie,' says Prachi Mishra, managing director, Global Macro Research, and India chief economist, Goldman Sachs.
'When a new superhero film releases, China creates figurines based on the film and puts them out in the market along with the film's release.' 'Does our domestic manufacturing sector been able to do it so quickly? No.' 'We have a large millennial population and we have to make products that are more in line with the tastes of those people.' 'The MSME sector can win back its customers only this way.' 'When they change with the consumers's needs, there will be a move towards Indian products.'
'You cannot treat workers like beggars.'
'The household sector, which is still the largest contributor of financial savings, has been experiencing a decline in the last six years, and it has fallen below 8% of GDP.'
It's a middle path for labour reforms.
Panagariya urged the government to undertake labour law reforms and make land acquisition more flexible to attract the multinationals.
'The rise in unemployment, underemployment, discouraged workers and job insecurity is likely to continue, with very adverse consequences for the nation's economic well-being and social cohesion,' warns Shankar Acharya.
India's numbers have shown a reasonable amount of improvement.
The CPI-M leader accused the yoga guru of violating labour laws in his pharmacy and the Uttaranchal goverment of covering it up.
Projecting a 7 per cent growth rate in 2005-06, government's pre-budget Economic Survey on Friday outlined reforms in tax and expenditure and labour laws as a priority in the budget.
In an interview with Shobha Warrier/Rediff.com, he talks about the economic policies of the Narendra Modi government and whether achche din is really coming.
He expressed his concern over recent reports of sexual abuse of children across the country and said that there was an urgent need to have in place an effective deterrent regime.
As of now, 12 million Indians join the workforce every year.
In all, 14 unions representing bank employees and officers will be supporting the day-long stir.
The trio, 'twin shocks' of demonetisation and GST, 'twin balance sheet' problem that has been weakening India's banking system and the 'twin deficit' problem will continue to challenge economic management and performance in the year ahead, says Shankar Acharya.
There have been several occasions when workers have raised an industrial dispute with employers demanding compensation for being retrenched due to continued illness
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances