LABOUR INTENSIVE
Amazon workers in India endure intense pressure, unsafe working conditions: UNI Global Union
Amazon warehouse and delivery workers in India are facing intense pressure and unsafe working conditions while dealing with insufficient pay, according to a report by the UNI Global Union. The report, published on Wednesday, is based on a survey of 1,838 Amazon employees in India.
India needs to take advantage of global pushback, inefficiencies due to Beijing’s over-investment
The 'China+1' strategy has gained momentum over the last few years as the US-China strategic conflict has heightened. Countries, including India, have been competing to be the '+1' by easing policies and providing incentives to attract foreign firms. These firms are looking to reduce their dependence on China for manufacturing. Despite these efforts, China's global share of manufacturing has not decreased. It has actually increased from 35% in 2020 to an estimated 38% now.
India, UK to hold next round of talks on proposed trade agreement this month
Senior officials of India and the UK will hold talks this month to finalise the proposed free trade agreement, as the new government in Britain aims to resolve pending issues and conclude negotiations. The talks, which began in January 2022, were stalled during the countries' general election cycles. Both sides are working towards a mutually beneficial FTA, addressing issues in goods, services, investments, and intellectual property rights.
UK General Election Results 2024 Live Tracker: Labour Party secures landslide victory, ends 14 year Conservative rule
The UK General Election Results 2024 is finally in and the world is glued to their screens in shock and awe, as the Labour Party, led by Keir Starmer, has claimed an outright victory in the polls, according to our UK General Election Results 2024 Live Tracker. Labour has secured a whopping 410 seats, close to the exit polls predictions, ending Rishi Sunak's reigning Prime Ministerial tenure.
People in India exposed to humid heat extremes increased by 67 crore from 1951-2020: Study
People in India exposed to extreme levels of humid heat during monsoons increased by at least 67 crore over the period 1951-2020, a research has found. Researchers investigated trends in hot and humid conditions or 'moist heat extremes', commonly seen in monsoons during the summer months, in terms of Wet-Bulb Globe Temperature (WBGT).
Competitive intensity in used vehicle market to be on the rise: India Ratings
India Ratings and Research predicts that vehicle financiers will increase the share of used vehicles in their AUM due to rising new vehicle prices, food inflation, heat wave, moderation in capacity utilization due to elections, and slowing rural economy. The agency also expects a decrease in FY25 growth rates from FY24 levels. The agency expects non-bank finance companies to focus on used vehicles as assets class, presenting a favorable risk-return in terms of asset quality and pricing power.
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Govt pulls up Amazon for labour law violations in Manesar warehouse case
The union labour ministry in New Delhi criticized Amazon for inadequate occupational safety and working conditions at its Manesar warehouse. Labour secretary Sumita Dawra met with Amazon officials to address issues related to facilities like utilities and restrooms. The ministry found violations of labour laws impacting welfare and productivity of workers, leading to unrest among the workforce.
Get on the job of jobs
A thorough assessment of historical and current employment trends across sectors leads to a deeper dive into complexities of jobless growth. Mapping out the strengths and weaknesses of each sector is crucial for formulating strategies to enhance job-creating potential. In addition to understanding the employment-generation capacities of different sectors, India's low labour force participation rate (LFPR) poses a significant challenge.
CII wants Modi 3.0 govt to push land, labour, agri reforms to boost growth
Industry body CII on Thursday made a case for pushing reforms in sectors like land, labour, and agriculture by the Modi 3.0 government to accelerate economic growth, which is estimated to be around 8 per cent in the current financial year. CII President Sanjiv Puri said a lot of policy interventions in the past have put the economy on "a much stronger wicket".
Modi 3.0: Growth sequel starring jobs, investment
The full budget, likely to be presented early in July, will detail specific measures toward this end. "The focus would be to promote labour-intensive growth that will create jobs, with continued emphasis on macroeconomic stability," a top government official aware of the details told ET. A host of measures on startups and taxation - including inverted duty structure correction, along with GST rate rationalisation - is under discussion, said the person cited above.
ET Make in India SME Regional Summit in Kolkata to look at Bengal’s potential and opportunities to uplift MSMEs
Entering its third city this year, the ET Make in India SME Regional Summit will host brainstorming sessions, networking opportunities and engaging discussions with entrepreneurs and government representatives on developing businesses in the region.
Why should reforms now be a problem? Freebies, promised or delivered, didn’t work. Labour, trade, education & privatisation reforms await
Voters in the recent election have sent a clear message: they value responsible spending over freebies. At the national level, the NDA government, despite a reduced majority, was preferred over a challenger promising unattainable giveaways. Similarly, in Andhra Pradesh, the incumbent government, known for excessive freebies, faced a resounding defeat. The takeaway for future governments is to spend taxpayer money judiciously, prioritizing essential functions like infrastructure, education, health, and defence.
India, UK begin talks on recognising and mapping skill gaps
India is discussing skill mapping and mutual recognition of skills with the UK to enhance job opportunities for its workforce. The focus is on linking the NCS portal with the UK job portal and facilitating worker exchange in labour-intensive sectors under the MMPA.
For its third session, ET Make in India SME Regional Summit heads to Kolkata
After two successful stints, the ET MSME Summit is preparing to enter Kolkata with the objective of understanding the potential and the opportunities to empower the small and medium businesses in the city and the state.
ET Make in India SME Regional Summit’s second session to be held in Lucknow
After a successful first show at Hyderabad, the ET Make in India SME Regional Summit will host its second show in Lucknow on May 25.
ET Make in India SME Regional Summit in Lucknow to highlight the city’s thriving labour-intensive industries
The second session of this year’s ET Make in India SME Regional Summit will be held in Lucknow with a special focus on uplifting the city’s MSMEs.
Merchandise exports likely to reach $500 bn in FY25, growth of labour intensive sectors a concern: FIEO
FIEO also said that while meeting the ambitious target of $2 trillion exports by 2030, requiring a CAGR of 12.7%, is challenging, it is within reach and can be achieved.
India needs to focus on factor market reforms to propel growth to double digit: ADB Chief Economist
Labour reforms have been approved by Parliament in 2020, but it has not been implemented. In 2019 and 2020, 29 central labour laws were amalgamated, rationalised and simplified into four labour codes -- the Code on Wages, 2019; the Industrial Relations Code, 2020; the Code on Social Security, 2020; and the Occupational Safety, Health & Working Conditions Code, 2020.
What made Aamir Khan's ex-wife Reena Dutta slap him during labour? Actor reveals the reason on 'The Great Indian Kapil Show'
Aamir Khan's appearance on 'The Great Indian Kapil Show' brought laughter and insights into his personal life as he shared a humorous anecdote about his ex-wife Reena Dutta slapping him during their son Junaid's birth. Despite the serious topic of labor pains, Aamir's recounting added a touch of relatability and showcased his humorous side. The episode is now available for streaming on Netflix.
Educated and unemployed: India's angry young voters
The World Bank warned this month that India -- like other South Asian nations -- was "not creating enough jobs to keep pace with its rapidly increasing working-age population". South Asia is failing "to fully capitalise on its demographic dividend", said Franziska Ohnsorge, the bank's regional chief economist, calling it a "missed opportunity".
Centre will send heatwave advisory to states for ensuring workers' welfare
The advisory follows a home ministry directive after a meeting early this week with stakeholder ministries to discuss the India Meteorological Department's alert on heat waves. IMD has said many parts of southern peninsula, adjoining northwest central India, some parts of east India and plains of northwest India may witness above normal heat wave days in April.
Think beyond manufacturing for more/better jobs
The challenge of making growth more employment-inclusive in India goes beyond focusing solely on labour-intensive manufacturing. Accelerated infrastructure development offers alternative job opportunities and can ease pressure on manufacturing, which needs to remain competitive as global supply chains diversify.
India needs more employment intensive growth and good quality jobs, says ILO
India needs to increase its employment-intensive growth and production while improving job quality, according to a report by the International Labour Organisation (ILO) in association with the Institute for Human Development. The report outlines five critical policy issues that need intervention at national and state levels to address decent work deficits faced by youth in the country.
Rupee depreciation may push up garment, handicraft exports
If the rupee depreciates about 10% and the import content in the product being exported is 20%, the net gain to exports would be 8%, said industry experts. "One can also get the benefit while negotiating contracts. If an exporter hasn't hedged, then they would get windfall gains during the period of depreciation, but most of the time, inflation nullifies the benefit given by deprecation," said Ajay Sahai, director general, Federation of Indian Export Organisations.
India needs to focus on labour-intensive exports, says Ashish Dhawan of Ashoka University
Dhawan said in order to increase exports, India has to go into mission mode. The country can acquire a larger global market share in labour-intensive sectors such as electronics, home interiors, toys, pharma and chemicals.
India's high quality labour-intensive goods to get benefit from FTA with UK; though overall gains limited: GTRI
In 2022-23, India's merchandise exports to the UK were valued at USD 11.41 billion and out of this, USD 6 billion worth of goods such as petroleum products, medicines, diamonds, machine parts, airplanes, and wooden furniture entered Britain at zero levy, it said.
Weak Rupee may perk up slowing garment, handicraft exports
However, they said sectors with a low dependence on imports would gain while others will lose their benefits to higher oil and commodity prices. "Rupee depreciation needs to be seen in comparison with our competing currencies. Any depreciation of the rupee will benefit labour-intensive exports except gems and jewellery because they have a huge import component," said Ajay Sahai, director general, Federation of Indian Export Organisations (FIEO).
India's share in global exports in labour-intensive sectors declining in last 5 years, says FIEO report
India's labour-intensive export sectors, including apparels, marine products, plastics, and gems and jewellery, have experienced a decline in global market share over the past five years, according to a report by the Federation of Indian Export Organisations (FIEO). The report also highlighted concerns about a spike in export growth attributed to a rerouting of crude oil trade routes through India.
Traders flag slow labour-intensive exports' growth
Exporters in India have expressed concerns about the slow growth of labour-intensive exports such as garments, gems and jewellery, marine products, and plastics compared to countries like Bangladesh, China, and Vietnam. The Federation of Indian Export Organisations (FIEO) analyzed the sector-wise export performance over the past five years and found that India's market share in labour-intensive sectors has been declining. However, technology-driven sectors like machinery, auto components, electrical and electronics goods have seen a significant surge in global demand.
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