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  • Business

    After UP, Rajasthan restores 8-hour working in factories

    The state government on April 24 expanded working hours, Instead of eight hours, the working hours were increased to 12 hours a day The Rajasthan government has decided to restore 8-hour shift in all registered factories in the state instead of 12-hour work per day as ordered earlier, according to an official statement. The state government on April 24 has expanded working hours at...

    • an hour ago
  • Business

    ILO objects to orders increasing working hours for labour

    Acting on complaints filed by 10 trade unions, ILO objects to proposed ordinances to temporarily scrap labour laws in UP and Gujarat New Delhi: The proposed labour law amendments by many BJP ruled-state governments have run into trouble with the International Labour Organisation (ILO) which has now taken it up with Prime Minister Narendra Modi. Based on a complaint filed by 10 Central...

    • 6 hrs ago
  • Just in

    Tea producers' body estimates Rs 2,100 cr revenue loss in 3 months

    The lockdown due to COVID-19 pandemic has aggravated the financial stress of the tea industry Kolkata: The Indian Tea Association (ITA) has pegged a revenue loss of Rs 2,100 crore for the industry in Assam and West Bengal during March, April and May. The association said that in these two states, the total loss of production during the three months will likely be 140 million kg....

    • 7 hrs ago
  • Just in

    Tea industry suffers loss of Rs 2100 crores in WB and Assam

    Production has dipped by 65 per cent in the past two months leading to further financial stress Kolkata: The tea industry in two states, West Bengal and Assam, is staring at a loss of around Rs 2,100 crore due to Covid-19 pandemic as production has dipped by a whopping 65 per cent in the past two months. "Based on feedback received from ITA member gardens, it is estimated that in...

    • 24 hrs ago
  • Business

    Under strict rules, India resumes domestic flights after two months

    West Bengal urged government to postpone resumption of passenger flights to Kolkata as it focuses on rescue work of Cyclone Amphan New Delhi: Domestic passenger flights resumed in India after a gap of two months and the country will see around 600 services on Monday, officials said. The Delhi airport saw its first departure at 4.45 am to Pune while Mumbai airport's first...

    • yesterday
  • Just in

    India's crude oil imports fall, product exports surge in April

    Oil product imports dropped 6.5% to 3.35 million tonnes, their first year-on-year decline in 16 months India's crude oil imports in April recorded their biggest year-on-year fall in 10 months as coronavirus-induced lockdown restrictions halted economic activity and sapped demand. Crude oil imports in April fell 12.4% to 17.28 million tonnes from a year earlier, its steepest...

    • 3 days ago
  • Headlines

    About 20% SBI borrowers opt for loan repayment moratorium: Chairman Rajnish Kumar

    Kumar also advised borrowers to pay their loans if they are not facing any funding challenge Mumbai: State Bank of India chairman Rajnish Kumar on Friday said close to 20 percent of the bank's borrowers have availed moratorium on repayment of term loans instalments. On 27 March, the central bank had announced a three-month moratorium on payment of all term...

    • 3 days ago
  • Other-Business-News

    Economic damage for India from lockdown to be significant, says Moody's

    Indian economy already was growing at its slowest pace in six years and with the stimulus measures falling short of expectations New Delhi: Moody's Investors Service on Friday said India's economy is expected to contract for the first time in more than four decades saying economic damage owing to the coronavirus-induced lockdown will be significant with lower...

    • 4 days ago
  • Just in

    Bad loans in banking sector may rise by Rs 5.5 lakh cr this fiscal, says India Ratings

    The rating agency said most sectors are likely to experience varying degrees of revenue contraction due to demand and supply disruptions Mumbai: With economic activity coming to a standstill due to the COVID-19 crisis, total slippages in the banking system may rise up to Rs 5.5 lakh crore in the current fiscal, says a report. While slippages from the...

    • 4 days ago
  • Headlines

    Domestic air travel open, conditions apply

    Airlines told to keep fares within the prescribed range, and 40 percent seats must be sold at the mid-point of lower and upper limits New Delhi: Two months after all domestic and international flights were halted in India due to the coronavirus pandemic, 33 per cent domestic flights will restart May 25. On Thursday, the government issued guidelines for air travel and set several conditions, including...

    • 4 days ago

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