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Kolkata: India may exceed RBI's GDP growth projection for 2026-27, the chairman of the Economic Advisory Council to the Prime Minister, S Mahendra Dev, said on Wednesday. Speaking at an interactive session with members of the Bharat Chamber of Commerce in Kolkata, he expressed confidence that the economy could achieve 7% growth against the RBI's projection of 6.9%."I am more positive about growth and hoping for 7%. Last year we achieved 7.6%, but many said it would not exceed 7%. Our economy has ...Read More >
New Delhi [India], April 8 (ANI): The Food Safety and Standards Authority of India (FSSAI), in close coordination with State Food Safety Authorities, significantly ramped up enforcement and compliance efforts in FY 2025-26, reinforcing the country's food safety architecture and strengthening consumer protection. At the core of this nationwide push is a clear delineation of roles. While FSSAI sets standards and regulatory principles, the on-ground responsibility for licensing, inspections, and e ...Read More >
New Delhi, April 4 (SocialNews.XYZ) The new labour codes have changed gratuity rules, allowing certain eligible employees to claim gratuity after one year of continuous service, cut down from the erstwhile rule of five-year period. The new labour codes implemented in November 2025, makes gratuity available sooner for fixed-term and contract workers on a pro rata basis. Permanent employees still need to complete five years of service to claim gratuity, while there are exceptions in case of death ...Read More >
Gurgaon: In less than 24 hours, the LPG control room set up by the district administration received nearly 1,000 calls, most of them desperate requests for gas cylinders.The helpline, originally established to tackle black marketing, booking delays, and delivery issues, has effectively turned into a support line for residents struggling to obtain cylinders. Officials said the situation is particularly difficult for migrant workers, who lack proper documentation and have long depended on the info ...Read More >
Hyderabad: Members of the Indian National Trade Union Congress (INTUC) Telangana state committee observed a black day on Wednesday, protesting against the four labour codes, which they described as anti-worker. The protest followed a call given by G. Sanjeeva Reddy, chairman of the coordination committee of Central Trade Unions and Independent Sector Federations. Workers from various sectors participated in a rally that began at the INTUC office in Narayanguda and concluded at the Telangana St ...Read More >
India's tobacco sector is a double-edged sword: it sustains 45.7 million livelihoods while fueling a public health crisis that kills prematurely and burdens the economy. Our Civitas white paper identifies a "development trap" -- a self-reinforcing cycle in which economic dependence on informal production of tobacco thwarts effective control, leaving 266.8 million users, primarily SLT (Smokeless Tobacco) and beedi consumers, without adequate cessation support while exposing workers to precarious ...Read More >
New Delhi [India], December 18 (ANI): Parliament on Wednesday passed the 'Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025', with Finance Minister Nirmala Sitharaman assuring members that opening up the sector will attract new insurers, intermediaries and allied service providers, expanding the overall insurance ecosystem and creating net employment. The Rajya Sabha passed the bill after a reply from the Finance Minister. The Lok Sabha passed it on Tuesday. In her reply, Sithar ...Read More >
New Delhi: Parliament on Wednesday passed a bill to raise FDI in the insurance sector to 100 per cent from the current 74 per cent, which is expected to increase insurance penetration, lower premiums, and boost job creation. The Sabka Bima Sabki Raksha (Amendment of Insurance Laws) Bill, 2025, was cleared by the Rajya Sabha with a voice vote, a day after it was passed by the Lok Sabha. The House also rejected several amendments made by the Opposition to the bill, including the one to send the ...Read More >
Bhiwandi: Trade unions and workers' organisations staged a strong protest in Bhiwandi against the four labour codes introduced by the Centre and implemented by the state government, terming them "anti-worker" and a direct attack on hard-earned labour rights. CITU-Led Demonstration at Anand Dighe Chowk The protest was organised at late Anand Dighe Chowk under the leadership of Comrade Sunil Chavan, president of the CITU-affiliated Lal Bavta Powerloom Warper and Unorganised Workers' Organisation ...Read More >
PNN New Delhi [India], November 14: India's IPO market in the first nine months of CY25 went into overdrive with a total of 65 mainboard listings. Not only is this higher than the count of 60 in the same period last year, but it also represents a 26.4% jump in the funds raised to INR 80,904 crores. According to data compiled by IPOCentral, an IPO intelligence platform, the median post-issue Price-to-Earnings (P/E) multiple for IPOs launched in 9M CY25 stood at 33.33x, compared with 33x in the ...Read More >
PNNNew Delhi [India], November 14: India's IPO market in the first nine months of CY25 went into overdrive with a total of 65 mainboard listings. Not only is this higher than the count of 60 in the same period last year, but it also represents a 26.4% jump in the funds raised to INR 80,904 crores.According to data compiled by IPOCentral, an IPO intelligence platform, the median post-issue Price-to-Earnings (P/E) multiple for IPOs launched in 9M CY25 stood at 33.33x, compared with 33x in the same ...Read More >
New Delhi, Oct 28 (PTI) India's services sector employs nearly 30 per cent of the country's workforce, which is still lower than the global average of 50 per cent, reflecting a slower structural transition, NITI Aayog said in a report on Tuesday. The Aayog, in a report titled 'India's Services Sector: Insights from Employment Trends and State-Level Dynamics', further said that services remain the mainstay of India's employment growth and post-pandemic recovery, but challenges persist. "Service ...Read More >
New Delhi: Former President Ram Nath Kovind on Thursday cautioned that rapid technological and environmental changes are creating new human rights challenges, particularly for workers in the informal sector and those facing climate-induced displacement. "Economic progress must always walk hand in hand with human dignity," he said, adding, "Climate change is no longer only an environmental concern and it is becoming a human rights imperative." Speaking at the 32nd Foundation Day of the National ...Read More >
Gig work, symbolised by crowd work, on-demand work and freelancing, has expanded rapidly worldwide. The convenience of being able to accept work with just a smartphone has provided many with flexible working arrangements. Behind this sense of convenience for consumers, however, lurk issues such as unstable working conditions and exclusion from social security for the gig workers. Gig workers are usually denied rights as regular employees. Consequently, they have been pushed outside the scope of ...Read More >
Labour Ministry on Tuesday signed a Memorandum of Understanding (MoU) with food aggregator Zomato to enhance access to flexible and technology-enabled livelihood opportunities through the National Career Service (NCS) platform. This initiative is expected to create nearly 2.5 lakh Job opportunities annually. "It would integrate platform economy roles into the formal employment system, connecting youth and women jobseekers to dignified, technology-enabled livelihoods," said Labour Minister Mansu ...Read More >
New Delhi, Oct 16 (PTI) Former President Ram Nath Kovind on Thursday cautioned that rapid technological and environmental changes are creating new human rights challenges, particularly for workers in the informal sector and those facing climate-induced displacement. "Economic progress must always walk hand in hand with human dignity," he said, adding, "Climate change is no longer only an environmental concern and it is becoming a human rights imperative." Speaking at the 32nd Foundation Day of ...Read More >
Employees' State Insurance Corporation saw growth in July 2025. Over 20 lakh new subscribers joined the scheme. More than 31,000 new establishments are now under ESIC. Almost half of the new members are under 25 years old. Over 4 lakh women enrolled in July. Eighty-eight transgender employees also registered. This shows ESIC's commitment to social security for all. Employees' State Insurance Corporation (ESIC) has added 20.36 lakh subscribers in July 2025, registering a growth of over 5 per cen ...Read More >
New Delhi [India], September 13 (ANI): India's real estate sector has attracted nearly USD 80 billion in institutional investments over the past 15 years since 2010, highlighting the sector's evolution into a preferred asset class for both global and domestic investors, according to a joint report by Colliers-CREDAI. Foreign capital continues to dominate, contributing 57 per cent of total inflows, during these years, the report said. Also Read | 'Nishaanchi': Salman Khan Sends His 'Best Wishes ...Read More >
New Delhi [India], September 13 (ANI): India's real estate sector has attracted nearly USD 80 billion in institutional investments over the past 15 years since 2010, highlighting the sector's evolution into a preferred asset class for both global and domestic investors, according to a joint report by Colliers-CREDAI. Foreign capital continues to dominate, contributing 57 per cent of total inflows, during these years, the report said. Interestingly, domestic capital has been emerging as a key d ...Read More >
New Delhi: The country's largest carmaker Maruti Suzuki has announced the rollout of its first made-in-India electric vehicle - the e-Vitara SUV - in a major boost to the green segment from its upgraded Gujarat plant, which is now set to become one of the world's largest automotive manufacturing hubs with a projected annual capacity of one million units. Crucially, this facility will serve as Suzuki's global production base for electric vehicles (EVs), exporting to over 100 countries, including ...Read More >
New Delhi [India], August 28 (ANI): A decline in the Goods and Services Tax (GST) rate has a higher multiplier effect of 1.08x compared with direct taxes, according to a report by Ambit Capital. If the benefits of this cut are passed on to consumers, it can boost the country's GDP growth. It stated "A decline in GST rate has a higher multiplier effect (1.08x) than direct taxes. If passed on to consumers, it can add 20-50bps to GDP growth". The report said, a decrease in income tax rate would ...Read More >
New Delhi/Imphal, Aug 1 (SocialNews.XYZ) The National Investigation Agency (NIA) has made a second consecutive arrest in the 2024 killings in Manipur's Jiribam, central probe agency sources said on Friday. The NIA in a statement said that the national probe agency caught Lalrosang Hmar alias Rosang, a resident of Moinathol Village in southern Assam's Cachar district, from the Mizoram capital Aizawl on Thursday. The arrest came after the arrest of another key accused, Thanglienlal Hmar, by a jo ...Read More >
New Delhi, August 1: The Reserve Bank of India (RBI) is projected to keep repo rates unchanged in the upcoming Monetary Policy Committee (MPC) meeting on August 6, a report said on Friday. Amid global market uncertainties and tariff concerns, India's GDP is projected to be 7 per cent in the upcoming three quarters, higher than current estimates, according to the report from HSBC Global Investment Research. Analysts believe that the GDP deflator has too much WPI inflation in it. "Such a scenario ...Read More >
New Delhi [India], July 20 (ANI): Softening growth in the formal sector is beginning to weigh on overall credit growth, according to a report by HSBC Global Research. The report noted that, after a few years of strong growth, the formal sector is expected to slow in 2025. Also Read | Uttarakhand Chopper Crash: AAIB Says Helicopter Tumbled Down Hill After Rotor Blade Hit Overhead Cable. "This is led by factors such as gains from strong equity markets and rising wage growth now plateauing after ...Read More >
New Delhi [India], July 20 (ANI): Softening growth in the formal sector is beginning to weigh on overall credit growth, according to a report by HSBC Global Research. The report noted that, after a few years of strong growth, the formal sector is expected to slow in 2025. This is led by factors such as gains from strong equity markets and rising wage growth now plateauing after a strong run, the report added. India bank credit growth, which was 16 per cent a year ago, has now declined to 9 pe ...Read More >
New Delhi, July 17: In a major move that could bring relief to over 7 crore Employees' Provident Fund Organisation (EPFO) members, the Centre is reportedly considering a proposal to allow full or partial withdrawal of EPF savings after 10 years of service. According to a Moneycontrol report, the retirement fund body has floated this idea to address the needs of those who wish to exit the formal workforce earlier than the official retirement age of 58. Currently, EPF members can withdraw their f ...Read More >
PRNewswire Chandigarh [India], July 15: Chandigarh University, India leading private university, in collaboration with job platform Apna and investment firm Venture Catalysts (VCats) have launched Campus Tank, India first university-led Startup launch-pad for young innovators below the age of 30 to pitch their ideas and get funding of $1 Million to launch their startups along with expert venture guidance, strategic ecosystem alliances and immersive startup incubation. APNA which is India larges ...Read More >
India's tax engine is revving harder than ever. But are there enough drivers? India's tax system has undergone significant improvements in recent years. Taxpayers are paying advance tax on time and receiving refunds as early as seven days after filing their returns. But while India's tax engine is revving harder, are there enough drivers? Finance Minister Nirmala Sitharaman, in a conclave with the principal chief commissioners of the Central Board of Direct Taxes on June 23, said that the gove ...Read More >
New Delhi, Jul 15 (PTI) Domestic flexi-staffing industry has registered a 9.7 per cent rise in new employment in the last financial year, the Indian Staffing Federation (ISF) said on Tuesday. Despite a cautious market sentiment in the last quarter of FY25 due to geopolitical scenarios and trade wars, the industry added 1.39 lakh new formal flexi workers in 2024-25, ISF said in a report. The report highlighted a robust 9.7 per cent year-on-year (YoY) growth in new employment within the flexi st ...Read More >
New Delhi, Jul 15 (PTI) Domestic flexi-staffing industry has registered a 9.7 per cent rise in new employment in the last financial year, the Indian Staffing Federation (ISF) said on Tuesday. Despite a cautious market sentiment in the last quarter of FY25 due to geopolitical scenarios and trade wars, the industry added 1.39 lakh new formal flexi workers in 2024-25, ISF said in a report. Also Read | Bodoland Lottery Result Today, July 15, 2025: Assam State Lottery Sambad Tuesday Lucky Draw Resu ...Read More >
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