According to the paper, state-level compliances to labour laws constitute 31,605, i.e. 97 percent of the total labour-related obligations while union-level compliances constitute to about 937
World Labour Day 2024: The date May 1 was significant because it commemorated the Haymarket riot -- the aftermath of bombing at a labour strike in Chicago in 1886. That year, a general strike began on May 1 for eight-hour workdays.
Labour Day was first celebrated in India on May 1 1923 in Chennai (Madras) and it was established by the Labour Kisan Party of Hindustan.
International Labour Day, also referred to as May Day, is celebrated on May 1 each year.
All government offices will remain closed on this day, an official statement said.
International Labour Day 2022: Also known as May Day, the occasion is now a public holiday in several countries and is celebrated by organising marches.
"Today, on Labour Day we salute the determination & hardwork of countless workers who play a big role in India's progress. Shrameva Jayate!," he tweeted.
"Today however, shoppers are not limiting their enthusiasm to festivals alone but are also making bulk purchases at events created by retailers around national holidays like Republic Day, Labour Day and Independence Day—we are calling them ‘Big Events'," a report by market research firm Nielsen says.
With the sharp correction in the global equities, where should investors be putting their money and how much more of a downfall can we see, is the worst over last week or are we going to see more reverses this week. In an interview to CNBC-TV18, Seth Freeman, CEO & CIO of EM Capital Management shared his views and opinion on global turmoil.
Next week is unlikely to bring much clarity to the primary issue facing markets: when and by how much will the US Fed slow its accommodative monetary policy