BUSINESS
Labour Codes notified: Govt to form panel to fix national floor wage, frame rules in next 45 days
The ‘national floor level minimum wage’, will be fixed by the Centre, under the Code of Wages, and will act as benchmark for states' minimum wages
BUSINESS
Blueprint to roll out 4 long-pending labour codes likely in FY27 Budget, sources say
As part of efforts to finalise this blueprint, Labour Minister Mansukh Mandaviya and senior officials are likely to meet about 10 trade unions early on November 21.
BUSINESS
Trade unions demand social security fund, halt to privatisation in pre-budget meeting with Finance Minister
They have sought a central government sponsored social security fund for the unorganised and agriculture workers, with the aim of providing them a minimum pension of Rs 9,000 per month, and have asked for the repeal of labour codes.
BUSINESS
To stabilise prices and boost exports, India must expand food storage capacity, says NITI Aayog's Ramesh Chand
The total scientific foodgrain storage capacity in India is around 87 million metric tonnes (MMT), primarily concentrated in the North and West zones, whereas production is projected to reach about 368 million metric tonnes by 2030-31, as per PHDCCI.
BUSINESS
India mulls wider Swadeshi manufacturing policy to cut import dependence amid FY27 Budget preparations
More labour-intensive sectors may be added as India looks to expand the scope of its manufacturing policy beyond the existing clusters.
BUSINESS
Big Tech swaps courtroom clashes for quiet deals on Indian anti-trust cases
Protracted litigation and higher penalties are prompting more technology companies to consider settling their anti-trust cases instead of taking judicial appeal route, say experts.
BUSINESS
Russian oil flows to India plunge 50% ahead of US sanctions deadline
Discounted Russian barrels remain attractive for margins, and India’s energy policy continues to prioritise affordability and security, feel experts.
BUSINESS
Govt mulling to 'experiment' with stablecoins, Economic Survey 2025-26 may bat for their utility
In the Economic Survey for 2025-26, the government might 'present a case' for the recognition of stablecoins as a form of legal tender for certain transactions, a government official said.
BUSINESS
Budget may peg fiscal deficit target for FY27 modestly lower than 4.4% of GDP
A fiscal deficit aim of 4.1-4.2 percent in FY27 will keep the Central government on track to achieve its near-term target of attaining a debt-to-GDP ratio of 50% by FY31, officials say.
BUSINESS
Students move Delhi High Court to reschedule sports calendar away from peak pollution months
The petitioners argue that children are especially vulnerable to severe air quality. During strenuous exercise, their air intake is significantly higher than at rest, which results in a much larger and deeper dose of pollutants like PM2.5 penetrating the lungs.
BUSINESS
Slower growth, tax cuts pull down I-T collections till Nov 10 in FY26: Experts
India’s income tax collections' growth is way slower at 8.2% so far, from targeted 21.6%. Experts say a slew of reasons, from I-T cuts announced in Budget to delayed advance tax filings, pulled down the mop-up, but government is optimistic to meet the FY26 Budget target of Rs 14.38 lakh crore.
BUSINESS
Withdrawal of 14 QCOs landmark reform, to enhance EoDB in textiles, plastic and chemical industries: Experts
The move, announced by the Ministry of Chemicals and Fertilizers, aims to ensure raw material availability, ease import constraints, and lower input costs for downstream MSMEs in the packaging, textile, and moulding sectors.
BUSINESS
Bihar Polls 2025: Jobs were at centre of parties' manifestos, but youth may have not considered it a deciding factor
Psephologists say that all studies conducted over elections show that in the past two-and-a-half decades, unemployment figures in the top-three factors, but for voters are not swayed by promises as they look at past undelivered records.
INDIA
410 MoUs involving $120-bn investments likely to be signed in Vizag Summit, says Nara Lokesh
These will be additional announcements, over the $120 billion already made in the last 17 months, Lokesh told reporters ahead of the Summit
BUSINESS
Net direct tax collections till November 10 at Rs 12.92 lakh crore, up 7% YoY
As compared to the corresponding period of last fiscal year, the net direct tax collections were up 7 percent on year. This growth is lower than the projection made in the Budget.
BUSINESS
Arvind Virmani backs public-private partnership, greater CSR spend to improve skilling
Arvind Virmani said skilling is essential to take advantage of its large working population, and hence private sector’s collaboration with government is necessary.
BUSINESS
Supreme Court grants interim stay on Rs 123-crore GST notice to Baazi Games
In its order, released on Monday, the apex court took note of the pending judgement in the Gameskraft case, which is of similar nature, and stayed any further proceedings on Baazi Games by DGGI.
BUSINESS
Security tightened at Parliament, central offices after Red Fort car explosion
At least eight people were killed and several injured after a slow-moving car exploded near the landmark Red Fort in the national capital, earlier today, triggering panic across the city.
BUSINESS
Today AI is a mandatory skill to have, says Tech Mahindra’s Sahil Dhawan
On the likelihood of layoffs at Tech Mahindra, Dhawan denied any direct comment, but said the company is committed ensuring their employees are equipped with the necessary skills for future challenges.
INDIA
Why India lost out to China in the rare-earths race
India has the world's fifth largest rare earth reserves in the world, but accounts for less than one percent of global production. The country's largest rare earth producer IREL, meanwhile, is operating without a full-time CMD for over a year.
BUSINESS
NCLAT ruling quashing CCI’s Meta-WhatsApp data-sharing ban ‘landmark’, asserts competition watchdog's jurisdiction in data-related conduct
The NCLAT ruling has also said that anti-trust enforcement must rest on robust economic evidence, otherwise penalties would be struck down. Experts have now called for the need to harmonise competition and data protection laws to avoid fragmented policy framework.
BUSINESS
Homebuyers to gain from IBBI’s new rules on assets attached by ED, say experts
In real estate transactions, where ED attachments are routine, the move will bring clarity and stuck projects may find a viable and clearer resolution, experts say
BUSINESS
India-UK FTA vital for investor stability in a volatile time for global trade, says former UK minister Grimstone
India should develop a system where a small team of officials takes policy decisions, as it will fast-rack policymaking and boost investor confidence, Gerry Grimstone has said
WORLD
Mansukh Mandaviya rebuts Pakistan on IWT and Kashmir at Doha Summit, showcases India’s social security triumph
Mandaviya’s sharp response came a day after Pakistan’s President Asif Ali Zardari claimed that his country faced “a new threat in the form of weaponisation of water.”
