As a nationwide strike of trade unions hit banking and other services on Wednesday, business chambers pegged the loss to the economy at a staggering Rs 25,000 crore and said such "disruptive" actions can hit India's image as an attractive business destination.
10 central trade unions have called a nationwide shutdown against 'anti-worker policies' of the central government. Apart from being successful in Bengal, Kerala and NE states, the bandh has also got support from Cong leader Rahul Gandhi and Shiv Sena in Maharashtra.
ADB projected China's growth to decelerate from 7.4 per cent
In its latest interim Economic Assessment report released today, OECD said a moderate expansion is under way in most major advanced and emerging economies.
'The anonymous electoral bonds means that political affiliations will be even harder to ascertain for the voter or the minority shareholder.' 'The government of the day will, of course, know, exactly which corporate is making donations to which party.' 'Hence, the government will be in a wonderful position to exert "moral pressure" on corporates which make donations to Opposition parties.'
Nearly 65,000 Indians in Saudi Arabia have already collected their travel documents and are legally secure in the oil-rich country ahead of the July 3 deadline to regularise their residency under an amnesty programme.
'If the RBI reduces the rate of interest, housing demand can pick up, investment can pick up, automobile demand can pick up...'
As football fans arrive to watch Euro 2016, France's trade unions have undertaken a series of strikes to provoke a make-or-break situation. Claude Arpi encounters both Gallic beauty and ugliness in the country of his birth.
From January-March this year, 64,000 jobs were created in eight crucial sectors of the economy.
Road projects alone worth $10 billion face delays over land disputes and other clearances.
At present, the NMP states a series of fiscal incentives, including tax sops, will be offered but only to small and medium enterprises.
Double tax exemption on wages paid to women can encourage companies to hire, retain and compensate women better, argues Nitin Pai.
Financial globalisation - or ultra globalisation - has done more harm than good to the majority of economies, say Anshuman Gupta & Karunakar Jha.
"As many as 1.12 million expats corrected their professions until July 6. We have also issued and renewed more than 1.6 million work permits during the period," Abdullah Abuthnain, Deputy Minister for Inspections and Developing Work Atmosphere, was quoted by the local media as saying.
Initiated move to privatise Air India, but reports on poverty and cast census remained unfinished
'Unless we change and we see a change in the direction we are taking, times can only get worse.'
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
'What we are going to see is a large number of white collar jobs getting lost.' 'Job loss can drive people to depression, drugs, alcoholism and even suicide as there is no one to turn to when they are down.' 'There is no in-between now -- things go from a luxurious lifestyle to no lifestyle.'
Jaitley said among various reforms labour laws will remain a challenge.
How about working for a company without pay just to learn various skills?
The National Democratic Alliance won 64 seats.
Labour sector needs bigger reform than the PM revealed.
Manish Sabharwal is chairman of TeamLease, which has helped hire 1.4 million sales and customer service reps and logistics employees such as couriers for companies across India since it was founded in 2002.
Expectations from this Budget are sky-high.
Govt may not announce any new concessions in excise duty
Although the RBI is not statutorily independent from the government, Rajan, like previous RBI Governors, has long valued his independence.
Tamil Nadu says it's intriguing only BJP-ruled states top the list, while industrialised states are given a go-by.
Gujarat has topped with a score of 71.14% on ease of doing business list.
Amendments to the Child Labour Act say children can work in 'family enterprises' but the definition isn't clear, points out Shyamal Majumdar.
Almost all recent labour strikes were declared illegal by the labour department of Gujarat.
Unions, which are protesting against FDI in the banking sector, are pressing for various demands.
Modi's visit to some developed countries such as the US, Japan, China and Australia were sprinkled with humongous investment figures. But do we have the wherewithal to absorb such big investments?
'For now, the AAP is the conversation,' Lord Meghnad Desai tells Rediff.com's Sanchari Bhattacharya. 'Everyone is talking about the 'Delhi model'. They have made so much difference. They have changed politics.'
There are conflicting signs on India's investment cycle.
'Our prime minister has set a scorching pace. He's logged more airline miles than professional airline pilots... On his regular visits to Delhi, he has also signed files galore.' 'How much of this activity has translated into useful action on the ground,' asks Devangshu Datta.
Pushback to Modi govt's policy pronouncements has already started, it now has a very small window of opportunity to bring in reforms.
British India Corporation employs about 1,800 people
But it scores high on firm dynamics - which is partly accidental, as it benefits from high labour turnover.
The prime minister seems to have turned his face away from the business of introducing serious reform, says T N Ninan.
It is increasingly clear that Rajasthan, under the leadership of Chief Minister Vasundhara Raje, will lead the country in terms of policy reform.
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