IMPLEMENTATION CHALLENGES
A four-day week can work - if staff and employers can deal with the challenges
Revolutionary trials of a four-day working week show mixed results, sparking a debate. While some firms report increased productivity and savings, others struggle with physical demands and logistics. Is this the future of work or a risky experiment? The battle between long hours and employee well-being continues to unfold.
MP govt approves Rs 23.8 crore for NEVA; plans Rs 235 crore Challenger 3500 Jet purchase amid criticism
Under the NEVA initiative, 60% of the funding will come from the Union government, with the remaining 40% covered by the state government. Urban Administration and Legislative Affairs Minister Kailash Vijayvargiya explained that the initiative is part of a broader effort to make legislative assemblies paperless.
MP govt to buy new plane for flying VVIPs; assembly to go paperless
On Wednesday, the Madhya Pradesh cabinet, chaired by Chief Minister Mohan Yadav, approved purchasing a Challenger 3500 Jet Plane for VVIP transport to replace the B-200GT VT MPQ, which crashed in May 2021. They also approved the Rs 23.87 crore NEVA project under Digital India, with 60% of funding from the Centre, to digitize the state assembly.
India-UK ties to grow incrementally with a fair share of challenges
Labour Party secures a significant win in UK elections, raising questions about Brexit's impact and future policies. Indian diaspora gains prominence in UK politics. Both India and UK aim to enhance cooperation on trade, technology, and security while addressing challenges in bilateral relations and global issues.
India must reflect & implement essential reforms to strengthen the arbitration process
The recent finance ministry notification in India has raised concerns by discouraging automatic arbitration clauses in procurement contracts. The move aims to address the unsatisfactory experience of the Government of India (GoI) in arbitration and promote mediation or court resolution for disputes. This decision has sparked a debate on the effectiveness of alternative dispute resolution methods and their impact on business dealings, particularly with global companies.
BNSS launches community service initiative for petty theft and nuisance offenses
India's new Bharatiya Nyaya Sanhita (BNS) has replaced the IPC, introducing community service as a penalty for minor crimes like theft under Rs 5,000. This marks a shift towards rehabilitative justice, offering offenders alternatives to fines or jail time. Despite its positive intent, the implementation faces challenges due to unclear monitoring guidelines. Experts emphasize the need for structured frameworks and specific tasks to ensure uniform application and effective community contribution, highlighting the reform's potential in blending justice with social welfare.
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New criminal laws need to be welcomed with changed mindset: Bombay HC CJ
Bombay High Court Chief Justice Devendra Kumar Upadhyaya highlighted the importance of embracing the newly enacted criminal laws, set to be implemented on Monday. He emphasized the natural tendency to resist change but stressed the necessity of adopting a changed mindset to deliver justice effectively under the new legal framework.
Indian Army ready to face all challenges: Gen Upendra Dwivedi
Newly-appointed Army Chief Gen Upendra Dwivedi assured that the Indian Army is ready to face all current and future security challenges. He emphasized the importance of synergy among the Army, Navy, and Air Force, aiming to protect national interests and boost self-reliance through indigenously-built military hardware. Gen Dwivedi, who assumed charge of the 1.3 million-strong force after serving as Vice Chief and commanding Northern Command, stressed operational preparedness amid ongoing border tensions with China in eastern Ladakh. An alumnus of Sainik School, Rewa, he has extensive experience across various operational environments.
NRIs want Budget 2024 to ease 6 tax troubles: TDS on property sale, disparity in LTCG, dividend taxation and others
Under Indian tax laws, NRIs are taxable on their Indian-sourced income, such as capital gains, dividends, and interest. They are generally taxed similarly to residents but may face less beneficial rules in specific scenarios. The upcoming Budget 2024 may offer relief to NRIs in these areas.
Makeover likely to give faceless I-T assessment a friendlier face
"It is being reviewed to assess effectiveness," said an official, adding that there is a line of thinking that it should be made optional for taxpayers. Another official said the idea is to address challenges in its implementation to ease compliance further for taxpayers. A final call will be taken shortly, the official said. The scheme was introduced on April 1, 2021, to reduce the human interface in tax disputes and assessments.
NCLT allows Zee to withdraw its merger implementation application
NCLT allows ZEE Entertainment Enterprises Limited to withdraw its implementation application related to the merger deal with Sony Group Corp-owned Culver Max Entertainment and Bangla Entertainment.
Mamata Banerjee writes to PM Modi, seeks implementation of 3 criminal laws be deferred
The new laws are the Bharatiya Nyaya Sanhita, the Bharatiya Nagarik Suraksha Sanhita and the Bharatiya Sakshya Act. The laws will replace the colonial-era Indian Penal Code, the Code of Criminal Procedure and the Indian Evidence Act of 1872 respectively.
Flexibility, salary key jobseeker parameters for new roles in India: Report
Indian workers are demanding higher salaries to cope with rising living costs and to feel valued. Flexibility is another key concern, as per Michael Page India's Talent Trends 2024 report. Employers need to focus on broader aspects like workplace culture, diversity, equity, and inclusion to attract and retain talent. The report highlighted workplace discrimination in India and emphasised the need to address various generational priorities and challenges in different sectors.
Kavach implementation progressing rapidly on 3,000 km routes: Railways
The Railway Ministry faced criticism for delays in implementing the Automatic Train Protection System, Kavach, developed by RDSO. The Agra division has successfully implemented Kavach on an 80-km stretch for trials. Jaya Verma Sinha and railway officials inspected a Kavach trial in Vande Bharat train. The system aims to prevent accidents by automatically applying brakes in emergencies.
Modi's 'lower political capital' to hit implementation of tough reforms, says UBS
A Swiss brokerage stated that Prime Minister Narendra Modi's 'lower political capital' may hinder the new government's ability to implement tough reforms, potentially limiting the growth rate to around 7.5%. UBS Securities highlighted the importance of reforms related to land, farming, divestments, Uniform Civil Code, and one nation one election to boost growth to over 7.5% in the next five years.
Chandrababu Naidu as CM faces huge task of delivering 'Super Six' guarantees with empty coffers
Chandrababu Naidu is poised to assume the leadership of Andhra Pradesh shortly, facing the formidable challenge of revitalising depleted state finances to deliver on the "Super Six" promises his party made during the recent Assembly elections. Naidu is set to be sworn in as Chief Minister of Andhra Pradesh on June 12.
Relief for 20,000 homebuyers! Suraksha Group finally takes over Jaypee Infratech via insolvency process
According to a regulatory filing by Jaypee Infratech on Wednesday, Suraksha Group informed the IMC (Implementation and Monitoring Committee) that May 24, 2024, i.e., the date of the NCLAT order should be treated as the 'Approval Date' as defined in the approved resolution plan.
Modi retaining power under changed circumstances to make reforms challenging: Economists
Economists warn that PM Narendra Modi's retention in power after the general elections under 'changed circumstances' will pose challenges for implementing critical reforms.
EU carbon tariff: India preps for a fight at WTO
India is considering challenging the European Union's Carbon Border Adjustment Mechanism (CBAM) at the World Trade Organization, which mandates non-EU steel producers to report emissions, impacting sectors like iron and steel, cement, and more.
Writing is easy, not living: Challenges in implementing family business constitutions
Numerous families face difficulties in actualizing the principles outlined in the document into practical, everyday reality. We discuss here the key challenges encountered in implementing a family business constitution.
Strategies for effective implementation of family business constitutions
This article explores strategies for the effective implementation and bridging the divide between the aspirational ideals outlined in the constitution and the lived reality of day-to-day interactions, long-term strategies, decision-making processes, and familial aspects of harmony and togetherness.
Startup Vision Group head slams alarmist predictions about Bengaluru, says the city is under transformation
"Everyone has multiple responsibilities and is stretched thin. Increasing staff strength of BBMP is crucial - our ratio of municipal workers is far below that of a city like Mumbai, for example," Prakash, who is also the state's statartup vision group chairman, said in a post on X.
India’s bond index entry not enough to lift rating, Moody’s says
Moody's Ratings credit officer highlights India's need for structural reforms to enhance fiscal metrics despite global bond index inclusion. JPMorgan, Bloomberg, and FTSE Russell to include India in indexes, projecting substantial inflows into the debt market.
DMEO, an attached office of NITI Aayog, to evaluate the roll-out and implementation status of e-Vidhan project
The Indian government is assessing the implementation of the e-Vidhan project, a mission mode project for state legislatures, under the Digital India Programme. The project aims to make all legislatures paperless, streamline information exchange, and enable members to use the latest ICT tools. The Development, Monitoring and Evaluation Office is inviting bids to evaluate the project's progress and identify concerns. The evaluation is expected to be completed within four months, with the inception report submitted within 30 days.
India, UK review implementation of 10-year roadmap
Foreign Secretary Vinay Kwatra reviewed the India-UK 'Roadmap 2030' in London, enhancing bilateral cooperation in trade, defence, security, science, and people-to-people exchanges. Meetings were held with Minister of State Lord Tariq Ahmad, MoS for Defence Procurement James Cartlidge, and NSA Sir Tim Barrow.
Roadblocks for q-commerce; Mizuho InCred deal
Happy Friday! As quick commerce platforms diversify, they are likely to face operational challenges. More on this in today’s ETtech Morning Dispatch.
Portugal is facing suspension from the Schengen Zone. Here's what you need to know if you have a trip planned
Travelers eyeing Portugal must be aware of the EU's pressure on the country to implement a new border control system by July 2024, or face suspension from the Schengen Area. Delays attributed to bureaucratic hurdles and financial constraints highlight the urgency and potential impact on tourism and travel plans.
The high price of slow lanes: How transport networks can make or mar the success of manufacturing hotspots
With India increasing the focus on exports, manufacturing hubs in the hinterlands have started playing a bigger role in powering the growth engine. However, these regions continue to face connectivity problems that make it difficult for traders to competitively price the goods in export markets.
IMF doubts cash-strapped Pak's repayment capacity
IMF expresses doubts on Pakistan's debt repayment capacity, citing risks from policy delays, high debt, and low reserves. Washington-based team in Islamabad for bailout talks. Geo News reports lender's concerns.
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