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2 months ago | 
thehindubusinessline.com | Dalip Singh |Aishwarya Kumar
Bharat Dynamics Ltd (BDL), a defence PSU that specialises in ammunition and missile systems, is working with foreign OEMs to become part of the global supply chain. To become globally competitive, the BDL is expanding in all three dimensions, which include underwater, ground, and air-based weapon systems.
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2 months ago | 
thehindubusinessline.com | Dalip Singh
Four leading aggregators — Urban Company, Zomato, Blinkit and Uncle Delivery — have registered on the e-Shram portal, joining an initiative of the Ministry of Labour and Employment to register themselves and their gig employees for availing social security benefits.
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2 months ago | 
thehindubusinessline.com | Dalip Singh
The Centre has set aside ₹1.8 lakh crore – up 13.2 per cent – for defence services in the Union Budget FY25-26. This is against the revised estimate (RE) of ₹1.59 lakh crore in FY24-25. However, the increase is moderate at 4.7 per cent when compared to the Budget estimate (BE) of ₹1.72 lakh crore in FY24-25, according to the Budget FY2025-26 documents.
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2 months ago | 
thehindubusinessline.com | Dalip Singh
The government will bring 1 crore gig workers under PM Jan Arogya Yojana healthcare scheme besides offering them identity cards and registration on the e-Shram portal, as per announcement Finance Minister Nirmala Sitharaman made during the Budget presentation in parliament on Saturday. Reacting to the initiative, which is intended to formalise the gig economy, Prime Minister Narendra Modi said welfare measures for gig workers underscore the government’s commitment to the dignity of labour.
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2 months ago | 
thehindubusinessline.com | Dalip Singh
India will have to create 78.5 lakh new non-farm jobs annually till 2030 to meet rising workforce demand despite India’s labour market indicators having improved substantially in the last few years, said the Economic Survey 2024-25 tabled in parliament on Friday. The Economic Survey also noted that the share of workers in regular and salaried jobs decreased from 22.8 per cent in 2017-18 to 21.7 per cent in 2023-24.
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2 months ago | 
thehindubusinessline.com | Dalip Singh
The Economic Survey 2024-25 has proposed to reduce regulatory compliance burden discouraging women participation in factory work for higher levels of development, as top ten most populous states impose 139 prohibitions on them from engaging in specific processes. Overall, the Economic Survey said that labour market indicators showed substantial improvement in last few years, as the unemployment rate was reduced to 3.2 per cent in 2023-24 from 6 per cent in 2017-18.
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2 months ago | 
thehindubusinessline.com | Dalip Singh
The Economic Survey 2024-25 on Friday strongly advocated that the India Inc must adequately compensate its employees to reduce income inequality, given that the corporate profitability has soared to a 15-year high in FY24. The Economic Survey seconded concerns Chief Economic Advisor (CEA) V Anantha Nageswaran displayed last December over poor employee compensation by India Inc.
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2 months ago | 
thehindubusinessline.com | Dalip Singh
Deregulation being central theme of the Economic Survey 2024-25, it suggested flexible working hours and removing restrictions on the number of overtime hours for workers to aid growth for firms and create more employment opportunities. “Small businesses do get seasonal surges in orders.
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2 months ago | 
thehindubusinessline.com | Dalip Singh
The Economic Survey 2024-25 has proposed to reduce the regulatory compliance burden discouraging women’s participation in factory work, as the top 10 most-populous states impose 139 prohibitions on engaging women in specific processes. The states justify the prohibitions owing to the dangerous nature of the processes, the Economic Survey stated in Chapter 5, titled ‘Medium Term Outlook: Deregulation Drives Growth’.
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2 months ago | 
thehindubusinessline.com | Dalip Singh
A comprehensive social security cover for workers will be ready by March 2025, with the Centre and States coming together to form three committees to hold consultations and develop a sustainable model for the welfare measure. The consensus for a framework for comprehensive social security emerged following deliberations on the issue at the two-day workshop with the Labour Ministers and Labour Secretaries of States and UTs which ended on Thursday.
