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About 1,100 workers resume duty at Ford India’s Chennai plant

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About 1,100 workers have resumed work at the Ford India Private Ltd’s Maraimalainagar plant near here even though an agreement between the workers’ union and the management on severance package has not been reached, sources said.

“There is no progress in the talks with the management on the severance package. However, workers have started reporting to duty after (a) agreeing with the severance package (b) not agreeing with the severance package,” a worker union official told IANS preferring anonymity.

He said a tripartite meeting – workers union representatives, management officials and the officials of Tamil Nadu Labour Department- is slated on Monday.

At the previous meetings, the Labour Department officials had said the issue is between Ford India and its workers union and they have to talk and come to a solution.

Ford India has about 2,600 workers at its plant near here. About 400 workers are protesting outside the plant gates, about 1,000 workers are at home, the sources said.

The company management has said it is willing to talk with the workers union after they call off their protest and resume duty.

Another union official had told IANS, from offering 87 days salary per year of service, the management has increased it to about 110 days of salary per year of service at an average.

“Depending on the worker’s experience, the number of days per year for working out the compensation may vary upwards of 102 days,” the official said.

However, the Ford India workers citing another car maker’s compensation scheme, are demanding about 135 days of salary for every completed year of service, in addition to taking care of the income tax burden.

“The company had earlier announced that it would close down the factory at the end of June and it has not extended that date. There is also the risk of the company shutting down the plant and paying the compensation amount as mentioned in the law “15 days salary for every completed year of service. Those who have put in long years of service may rejoin work,” one worker told IANS, requesting anonymity.

The workers are on protest for the past 20 days for better severance package which in turn affected production of EcoSport model for overseas markets.

Business

US to send out tariff rate letters to countries starting next week

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Washington, June 28: US President Donald Trump has said his administration will send letters to countries “over the next week and a half or so” to tell them about their tariff rates, while noting that his pause on “reciprocal” tariffs could be extended or shortened.

Trump made the remarks as South Korea and other countries have been seeking to strike a trade deal with the United States to avoid or minimise the impact of the reciprocal tariffs, with his pause on the new tariffs scheduled to end on July 8, media reports.

“So at a certain point over the next week and a half or so, or maybe before, we’re going to send out a letter. We talked to many of the countries,” Trump told a press briefing. “So we’re just going to tell them what they have to pay to do business in the United States.

Asked whether the pause on the tariffs can be extended, the president said, “We can do whatever we want.”

“We could extend it. We could make it shorter,” he said. “I would like to make it shorter. I’d like to just send letters out to everybody, (saying) ‘Congratulations. You are paying 25 percent.'”

Earlier in the day, Treasury Secretary Scott Bessent told Fox Business that the Trump administration could wrap up its trade talks with countries by Labor Day on Sept.1, as he reiterated that trading partners are approaching it with “very good” deals.

Noting that there are 18 “important” trading partners, Bessent pointed out that Washington has struck a deal with Britain and reached an accommodation with China.

“So if we can ink 10 or 12 of the important 18 — there are another important 20 relationships — then I think we could have trade wrapped up by Labor Day,” the secretary said.

On April 2, Trump announced reciprocal tariffs, including 25 percent duties on South Korea. Intended to match what other countries impose on U.S. goods, the new tariffs took effect on April 9, but the president paused them for 90 days that same day to allow for negotiations.

South Korea and other countries have been hoping to reach a trade deal with the U.S. before the temporary suspension of the reciprocal tariffs ends on July 8.

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Business

Centre issues revised guidelines for waste-to-energy projects

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New Delhi, June 28: The Centre on Saturday said it has released revised guidelines for the waste-to-energy programme under the National Bioenergy Programme., which aims to foster a more efficient, transparent, and performance-oriented ecosystem for bio-waste to energy deployment in India.

By simplifying procedures, expediting financial assistance, and aligning support with plant performance, the updated guidelines are designed to significantly enhance the ease of doing business for private as well as public sector, said the Ministry of New and Renewable Energy (MNRE).

Under the new framework, the ministry has simplified several processes, such as cutting down on paperwork and easing approval requirements, which will enable the industry especially MSMEs to enhance their production of CBG, Biogas and Power.

These changes align well with improvement of waste management including stubble, industrial waste, and India’s broader goal of reaching net-zero emissions by 2070.

A key highlight of the revised guidelines is the improved system for releasing Central Financial Assistance (CFA).

“Considering the challenges faced by the developers to achieve 80 per cent generation, flexible provisions have been made in the scheme for release of CFA based on plant performance,” said a ministry statement.

Previously, companies had to wait until the entire Waste-to-Energy project attains 80 per cent generation to receive support.

Moreover, as per the revised guidelines, there is a provision to release the CFA in two stages. Based on performance of the projects, 50 per cent of total CFA will be released after obtaining the consent to Operate certificate from State Pollution Control Board, against the bank guarantee, while the balance CFA would be released after achieving the 80 per cent of the rated capacity or the maximum CFA eligible capacity, whichever is lesser.

“In notably, even if a plant does not achieve 80 per cent generation for above both conditions during performance inspection, provision is made for pro-rata based disbursement based on the percentage output. However, no CFA will be given if the PLF is less than 50 per cent,” according to the government.

This change acknowledges real-world challenges and supports developers by offering financial flexibility and viability during operations.

The revision introduced provides the flexibility to the project developers in claiming CFA either within 18 months from the date of commissioning, or from the date of In-principle approval of CFA, whichever is later.

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International

Trump says US to terminate all trade talks with Canada

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New York, June 28: US President Donald Trump announced that the United States would terminate all trade talks with Canada due to Canada’s digital services tax on US tech companies.

Canada has just announced that they are putting a digital services tax on American technology companies, which is a direct and blatant attack on the United States, said Trump in a post on social media.

“Based on this egregious Tax, we are hereby terminating ALL discussions on Trade with Canada, effective immediately,” said Trump.

The United States would inform Canada the US tariffs that apply to Canadian businesses within the next seven days, according to Trump.

Canada is copying the European Union in introducing digital services tax, noted Trump.

The United States is scrambling to wind up trade talks with a large number of trading partners as the self-imposed deadline of July 9 is approaching, media reported.

However, White House Press Secretary Karoline Leavitt on Thursday said Trump could extend the deadline.

Earlier in may 2025, Canadian Prime Minister Mark Carney said that he had wide-ranging and constructive discussions with US President Donald Trump in the White House, although the two leaders disagreed on tariffs lifting and the “51st state,” according to the live broadcast of CBC News.

Carney said he told Trump it’s “not useful” to repeat the 51st state idea, adding that Trump is the president who is going to say whatever he wants.

“He understands that we are having a negotiation between sovereign nations,” said Carney.

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