Vehicle scrapping business now open to all
But auto firms can’t directly own testing centres.
MGNREGA: 100 days of work? Barely a quarter
In fact, 2020-21 saw only 4.1% of the registered families find 100 days of employment under MGNREGA, though it was again the peak level achieved between 2015-16 and 2020-21.
Gujarat had lowest jobless rate in Oct-Dec 2020
According to the CWS, a person is considered as unemployed in a week if she did not work even for one hour on any day during the reference week but sought or was available for work at least for one hour on any day during the
Atal Pension Yojana: Income losses force workers to opt out
Meanwhile, the government is considering combining APY with two popular insurance schemes – Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana
Auto enrolment to help broaden pension cover: Supratim Bandyopadhyay, chairman, PFRDA
NPS is a pension scheme. At the end of the term, if one is not able to provide pension when he/she needs that, then the purpose of the scheme is defeated.
NPS base to jump by a quarter in FY22: PFRDA chairman Supratim Bandyopadhyay
Helped by distribution partners — mainly banks and banking correspondents —, the NPS subscriber base, which stood at 4.24 crore at the end of FY21, will get to expand by a record one crore in the current financial year, P
Dream run for steel sector likely to continue on back of favourable factors: Ranjan Dhar, chief marketing officer, AM/NS India
After a dent in demand during the second wave that hit in May and July; we are witnessing a good broad-based demand recovery since August, particularly from the auto, white goods and infrastructure sectors, he says.
Hesitancy to turn up for MGNREGS work on the decline as Covid scare subsides
Around 82% of the individuals who were 'offered' work under MGNREGS turned up for it till September 3 in the current financial year as against around 84% in the last two years
Labour code rollout to be delayed further beyond October 1 deadline
There is also a demand from trade unions to implement the labour codes on wages and social security at the earliest, but industry bodies want sufficient preparation time for adhering to the new rules.
Demand for MG-NREGS work still high, supply seems curbed
In March 2021, 3.59 crore persons demanded MG-NREGS work, which rose to 4 crore in April, 4.14 crore in May and further to 5 crore in June. In July, 4.26 crore persons demanded work under the job guarantee scheme.
Specialty steel PLI scheme to help save forex: Steel minister Ram Chandra Prasad Singh
The project monitoring agency within the ministry will be appointed in the next few days and detailed guidelines will be issued without any delay.
Labour codes: Keen on October rollout, govt may address employers’ concerns
A source in the government said all the four labour codes – code on wages, industrial relations, social security and occupational safety & health – will be implemented at one go.
Alleged diversion: Centre takes complete control of district mineral funds from states
The move is seen by many states as yet another bid by the Narendra Modi government to usurp the states' fiscal powers and undermine their constitutionally defined role in governance, so might spark a political storm.
Slow-paced? Rural jobs scheme: Works down a quarter
Apparently, the government has turned more economical on MG-NREGS spend this time around, while it was much more liberal in spending on the scheme in May-June last year following the April lock-down which hit people's livelih
PLI scheme for steel sector: 4-15% incentives to be offered
The financial outgo under the scheme is expected to reach to its peak in 2026-27 and come down to its lowest towards the end of the scheme period in 2029-30.
NMDC in talks with banks, FIs to raise Rs 5,000 crore to part-fund Nagarnar Steel Plant
The CCEA had on October 14, 2020, gave its ‘in-principle’ approval to the demerger of Nagarnar Steel Plant from NMDC and strategic disinvestment of the demerged company by selling entire stake of the government to a strat
Iron ore export to Japan to continue despite withdrawal of duty waiver: NMDC chief
To start with, NMDC will look at Japan as its export destination because it has certain level of comfort with the Japanese mills. Subsequently, however, the company would also look at the feasibility of exporting to South Kor
Govt removes end-use curbs for auction of mines to lure investments
The decision will cover minerals like iron ore, bauxite, limestone, lead, copper and precious metals.
Iron ore exports: India puts an end to decades-old pacts with Japan, Korea
Supply shortage of the key steel-making raw material in the domestic market is due to truncated production in Odisha as a result of output stoppage from a number of merchant mines as their leases expired.
Pradhan Mantri Shram Yogi Maandhan scheme: Enrolment in pension scheme for low earners dipping fast
In the two years and four months since PMSYM was launched, just a little over 45 lakh people secured the pension cover.
Rising Joblessness: EPF sops for industry, workers to be extended by 6 months
If the scheme is extended, a large section of the industrial and commercial establishments in the country and the relatively low-earning new employees joining them till the end of calendar year 2021 will be able to avail the
Highway construction’s pace bulldozes pandemic barriers! Sets new record
Despite the pandemic-induced lockdown and restrictions on mobility in large parts of the country, highway construction grew by 74% on year in April-May of the current financial year to 1,470 km or 24.1 km/day.
Asset monetisation: NHAI to wait till traffic is normal
According to rating agency Icra, toll collections fell by around 10% in April 2021 over March 2021 and estimated to have declined by 25-30% in May 2021 over April 2021.
Larger companies are opting for gig workforce: Rachit Mathur, co-founder and CEO, Avenue Growth
Avenue Growth is an on-demand work platform, which helps companies in find-hire-manage gig workers and get the work done on its platform. We offer two kinds of engagement models to clients: task-based and shift-based.
Rural jobs scheme: Curious gap between ‘offers’ & works picked up
Unlike in April 2020, which saw complete nationwide lockdown and a decline in demand for MGNREGS work, the demand for work under the scheme that provides subsistence wages, remained high in May 2021, which also witnessed a ne
Steel prices hiked again, HRC rate up Rs 3,000/tn
India was a net exporter of finished steel during the first month of the current fiscal year 2021-22, recording a net trade surplus of 0.59 million tonne in April 2021. During April 2021, steel export from India increased by
Unemployment rate soars to 11.9% in May, 10 m jobs seen lost in the month
According to the Centre for Monitoring Indian Economy (CMIE) data, barring April, May and June last year, the monthly unemployment had never breached the double-digit mark at least since January, 2016.
Advertisement
US Stock Market
View All- US five-year yield crosses 1% for first time in 19 months as technology-led equity selloff deepens
- Buying American stocks in India: Here is how to start trading in US share market
- Freshworks becomes first Indian SaaS startup to list on Nasdaq
- Catherine Wood’s ARK Innovation ETF: What makes it a unique investment opportunity in the US stock market?
- Elon Musk, Jeff Bezos, Warren Buffett, others lose over $26 billion wealth due to Evergrande crisis
Most Read
- Rakesh Jhunjhunwala made Rs 170 crore from this auto stock in September; analysts see further upside
- Covid-19 Vaccine Certificate: Here’s how to download it from CoWin portal, Aarogya Setu app
- Cyclone Gulab's landfall process begins: IMD
- Market HIGHLIGHTS: Sensex ends above 60,000, Nifty above 17,850, fresh record closing highs; Maruti zooms 6.5%
- Paras Defence IPO share allotment: Check status via BSE, Link Intime, grey market premium; listing on Oct 1
- PCB’s challenge; building bridges with BCCI
- Cyclone ‘Gulab’ News Highlights: As Visakhapatnam witnesses record September rain, prominent residential area faces flood-like situation
- Four specialty chemical stocks to buy: Sector valuations rich but Kotak Sec finds these opportunities
- Common foe: Arun Jaitley had once warned Amarinder Singh that Sidhu would undermine him, writes Coomi Kapoor
- IMD forecasts heavy rain in south Bengal
Advertisement
Top News
- Sebi to tweak fit and proper criteria; to introduce silver ETFs
- China's crypto ban seen as buying opportunity for investors with $95M inflows into digital assets: Report
- Champions portal: MSMEs' grievance redressal up 38% since Jan; this many complaints resolved so far
- Corona LIVE: Tamil Nadu extends Covid restrictions till Oct 31; Mumbai logs below 400 new cases for second day in a row
- Govt extends foreign trade policy till March next year
- Complete ban on bursting, sale of firecrackers up to Jan 1 in Delhi
- US five-year yield crosses 1% for first time in 19 months as technology-led equity selloff deepens
- How does good and bad credit history affect your prospects of securing a loan on favourable terms?
- Blockchain: How it plays a crucial role in assessment of credit risk in borrowers?
- SBI Vs HDFC Vs Kotak Home Loans: Interest rates, features compared for low EMIs
Advertisement
