Ten central trade unions on Friday gave a call for a nationwide strike on May 22 to protest against the suspension of labour laws by some states during the lockdown period, and also decided to take the matter to International Labour Organization (ILO). "The joint platform of Central Trade Unions (CTUs) in their meeting held on May 14 , 2020 took note of the critical situation for the working people in the country during the lockdown period and decided to enhance united actions to meet the challenge," a joint statement by 10 CTUs said.
Billionaire Jeff Bezos, who founded Amazon as an online bookseller nearly three decades ago, will step down as the CEO of the $1.7 trillion global retail giant in the third quarter of 2021 with Andy Jassy being named his successor.
Strike is total, impacts all branches of PSU and private banks. Clearing operation at RBI also hit.
The biggest change his administration will make is to increase the proportion of highly-skilled immigration from 12 per cent to 57 per cent, Trump said.
'You can't take jobs to people, you have to take people to jobs.'
Wipro has guided for 0.8-2.8 per cent sequential growth in IT service revenue for December quarter, saying revenue from that business is expected to be $ 2,065-2,106 million.
'If businesses are focused on de-leveraging, they can hardly be investing. This is the price extracted by investment mistakes during UPA rule, and should have been foreseen. 'But Modi-I must share the blame, for muted reform of the financial sector, partisan policy in telecom, the harm done to exports by an over-priced rupee, and so on,' says T N Ninan.
Congress leader Rahul Gandhi on Friday assured that the Citizenship Amendment Act (CAA) will not be implemented in Assam if the party is voted to power in the state in the coming assembly poll.
'Last Saturday, the largest number of people travelled by air on a single day!' 'There is a kind of hunger among consumers to spend as they have been confined to their homes and not spending for almost 2 years.'
The only feasible way to have a healthy banking sector could be making it mostly private, along with two or three large, better-run government banks, suggests T N Ninan.
Normally, kharif sowing of vegetable seeds starts during the first week of May across the country. Farmers start preparing their fields to make them suitable for kharif sowing during the second fortnight of April. Now, however, faced with the lockdown, farmers are in a hurry to clear their fields of rabi crop and prepare for kharif planting. With a normal monsoon forecast this year, they are doing all they can to take advantage of pre-monsoon showers.
At present, workers whose basic wage at the time of joining is up to Rs 6,500 per month.
A pick-up in farmer income could have a cascading impact on the rural economy, though agriculture is becoming a smaller part of India's overall rural incomes.
'The Indian economy has been subsidised by the poor.'
Hundreds of students, including foreigners are being trained in militant camps in Pakistan-occupied Kashmir to wage 'jihad' against India, but Pakistan denied the report by the BBC as "baseless".
Later, there may be some tax relief aimed at the middle class and measures to benefit the sectors worst hit by Covid-19 and the resultant nationwide lockdown.
The United Forum of Bank Unions would be holding a one-day all-India strike on January 7 followed by a four-day strike from January 21-24.
The company's management and the union had entered into a long-term settlement in 2009 and the next wage revision for the workmen is due in February 2013.
The decision, that would be reviewed on a month-by-month basis, came a day after England registered its biggest jump in death toll of 39 to hit 177.
The government has asked the Indian Banks' Association to make sure that IDBI Bank's wages are on a par with other banks.
'Some within India are terming Imran a statesman for sending back our pilot'
Hitherto unknown on the flourishing Chinese industrial scene, labour strikes suddenly appear to be on the rise with 900 workers in Japan's equipment maker Brother striking work to demand higher wages, close on the heels of trouble in Foxconn and Honda.
At the recently concluded Dubai airshow, Akasa, Rakesh Radheyshyam Jhunjhunwala's new airline, signed a $9 billion deal with American aircraft maker Boeing to buy its 737 MAX planes and a $4 billion one for engines with CFM, a joint venture between GE of the US and Safran of France. Unlike his financial doppelganger Warren Buffett, who divested billions from his airline stock portfolio at the start of the pandemic, Jhunjhunwala is wagering his billions in a brand new airline. The legendary investor bought a roughly 40 per cent stake in SNV Aviation in September, Akasa's holding company, started in March by three former Jet Airways colleagues. With aviation still to recover from its pandemic slump, the big question around his foray into domestic aviation, due to take off in summer 2022, is whether it is another pie in the sky.
PSB branches will work fulltime on the 1st and 3rd Saturday.
The median gross hourly salary for men in India in 2018 stood at Rs 242.49, while for women it stood at around Rs 196.3.
'A balanced head plus heart approach would be a full opening up of the economy including manufacturing and internal travel in the country but excluding COVID-19 hotspots,' recommends Jaimini Bhagwati.
'India's sizeable forex reserves should help stem a possible fall in our currency.'
EPFO fund body EPFO is likely to increase the maximum amount assured under its Employees' Deposit Linked Insurance Scheme (EDLI) to Rs 550,000 from the existing Rs 360,000.
Attacks against journalists by supporters of ruling Bharatiya Janata Party increased in the run-up to general elections in the spring of 2019, the analysis alleged.
'We will be required to take different steps than other large countries who are following a total lockdown strategy'
'We are only talking about 65,000 H1B visas a year, it is not going to go down drastically.' 'If the number reduces and when you spread that reduction across all the top IT services companies, the impact will be marginal.'
In the past year, Harsh and Heena Mandavia risked their lives and provided 23,000 meals to the poor and needy during the lockdown. What made them do it?
'The worst case scenario for Pakistan is a full-scale Taliban takeover of Afghanistan.' 'Pakistani militants would be inspired and emboldened and seek to replicate the Taliban's successes in Pakistan.'
The economy could grow at 6-6.5 per cent this fiscal year (2019-20 or FY20), said Chief Economic Advisor Krishnamurthy Subramanian, revising his earlier estimate of 7 per cent in the Economic Survey. In an interaction with Arup Roychoudhury, he said supply-side measures, including corporation tax cuts, will boost consumption and demand, and non-tax revenue may make up for shortfall in tax revenues.
Tickets for matches in Brasilia have already been on sale for months and it remains unclear how fans, many of whom may have bought flights and booked hotels, would be reimbursed
The ex-PM urged the people to elect a government that upholds the Constitution of India and the principles of democracy and brings about inclusive growth for all.
Credit rating agency Moody's changed Formula One's outlook to negative from positive on Thursday to reflect the impact of the coronavirus crisis on a global sport that has yet to race in 2020.
The US economy added 160,000 jobs in April, extending the longest streak of private-sector job growth on record.
Labour law changes for three years may not be enough as it takes a couple of years for factories to build and operations at a proper scale start only in the third or fourth year.
The conciliation talks between UFBU and Indian Banks Association held in Mumbai moved a step ahead positively after the IBA offered a 9.5 per cent hike on pay slip cost and hold another round of talks on January 27, UFBU national Convenor M V Murali told PTI in Tirupati over phone.
