Connect with us
Saturday,22-November-2025
Breaking News

National News

India will be fastest growing economy next fiscal: Shah

Published

on

Amit-Shah

Union Home Minister Amit Shah said on Friday that India will be the world’s fastest growing economy in 2022-23 financial year, and due to the policy decisions of Prime Minister Narendra Modi during the Covid-19 pandemic, India emerged on top when it came to dealing with the effects of the pandemic.

Speaking at the inaugural session of the 94th annual conference (AGM) of the Federation of Indian Chambers of Commerce & Industry (FICCI) here, he said that institutions like FICCI should make efforts to increase research and development (R&D) capital investment as per policy decisions.

Noting that the development of the poor is essential for the improvement of the economy, the minister said that investment in welfare measures for the poor increases gross domestic product (GDP).

Asserting that Modi has made the common people the focus of policy making, Shah said that India will become number one in the world in the 100th year of its Independence due to the PM’s prudent policy decisions.

He also said that even the critics will have to accept that there has been a lot of change in the past seven years, and the the present government has not been accused of corruption.

Shah said that the government has expanded the scope of the economy.

“Sixty crore people out of the 130 crore population did not have a single bank account in their family. People did not know how different policies benefited them, they did not realise what benefits they received after Independence. PM Modi said that by connecting 60 crore people with the country’s economy, the government not only gave them their rights, but also worked to connect them with the development of the country.”

The minister also said that today the government has been bearing the cost of healthcare of 60 crore people, while every house now has toilets.

“Electricity has been provided to every house and people’s lives have changed,” he said.

Elaborating some important decisions taken in the past two-and-a-half years, the Home Minister informed that Production Linked Incentive (PLI) scheme came in 13 areas under which incentives of about Rs 2 lakh crore were given, there were many reforms in the mining sector, the National Asset Reconstruction Company was established, the National Asset Monetisation Pipeline was announced, and Retrospective Tax was abolished.

National News

Navi Mumbai: Overturned Tar Tanker Causes Traffic Snarl On Nerul–Uran Road; Cleared After 12 Hours

Published

on

Navi Mumbai, Nov 22: After close to 12 hours of operation, the tanker filled with tar that overturned on Friday was finally cleared from the Nerul–Uran road, bringing relief to thousands of motorists who were stuck in day-long congestion.

The tanker, carrying highly flammable liquid bitumen from Chembur to Uran, had overturned near Ekta Vihar Society around 6.30 am, choking traffic on the busy stretch for several hours. Although police managed to allow movement through a single lane, vehicles headed towards Uran crawled through the day, leaving commuters frustrated.

According to officials, the driver lost control of the tanker, causing it to topple in the middle of the road. Senior Police Inspector Pramod Bhosale of the Belapur Traffic Division and his team rushed to the spot along with the fire brigade soon after the accident.

With the bitumen inside the tanker at a temperature of nearly 180°C, there was a significant risk of ignition, prompting the fire brigade to launch cooling operations and prevent any spillage on the road. The tar was carefully transferred to another tanker over several hours.

By around 5 pm, a crane was used to lift and remove the overturned vehicle, allowing authorities to restore normal traffic flow, Bhosale said.

The Nerul–Uran route, which sees heavy movement of JNPT-bound trucks as well as routine traffic to the Navi Mumbai Municipal Corporation headquarters, remained clogged for most of the day. Many motorists were stuck in long queues, bearing the brunt of the prolonged congestion caused by the accident.

Continue Reading

Business

New labour codes to boost formalisation, gender parity of India’s workforce: Industry leaders

Published

on

New Delhi, Nov 22: India’s top industry bodies and staffing leaders on Saturday labelled the implementation of the Four Labour Codes a landmark step toward formalising the workforce, expanding social security, and aligning India’s labour framework with global standards.

The India Electronics & Semiconductor Association (IESA) said the reforms would significantly benefit the high-technology sectors by enhancing workforce stability, improving safety standards, and enabling labour flexibility with social protection.

“Mandatory appointment letters, universal minimum wages, and pan-India social security coverage (including ESIC expansion) ensure greater formalisation. This strengthens worker confidence — critical for skill-intensive manufacturing such as fabs, ATMP, component manufacturing and design centres,” said Ashok Chandak, President, IESA and SEMI India.

Provisions for fixed-term employment, faster dispute resolution, single licensing, and simplified compliance directly support the scaling of high-tech manufacturing clusters, the statement said.

Meanwhile, parity of benefits for Fixed-Term Employees (FTE) and expanded social security protections ensure a balanced, worker-centric ecosystem, he added.

Sachin Alug, CEO of NLB Services, a technology and digital talent provider, said the reforms were long overdue for India’s gig economy and will offer protection to a fast-growing but previously unorganised workforce.

The new laws are also expected to promote gender parity in the workforce by opening doors to wider opportunities across diverse sectors. Additionally, other groups such as”

He also pointed out that new laws will promote gender parity and contract workers, youth workers, and fixed-term employees will benefit from clearer working-hour norms, expanded social security, minimum wage protections, and health benefits.

“By simplifying compliance and unifying the regulatory framework, the codes can significantly expand formal employment, bringing millions of workers, especially in industries that rely on contract, temporary, and project-based roles, into the fold of structured, protected work,” said Balasubramanian A, Senior Vice President, TeamLease Services.

“National floor minimum wage creates a consistent benchmark across states and is an important step in India’s evolution from a minimum-wage economy to a living-wage economy,” he noted.

Suchita Dutta, Executive Director of Indian Staffing Federation (ISF), said the codes simplify compliance for employers, reduce regulatory burdens, and foster a more flexible hiring environment — crucial for the staffing industry, which has long advocated for such changes to unlock formal job creation.

The government, on November 21, implemented the Four Labour Codes — the Code on Wages (2019), Industrial Relations Code (2020), Code on Social Security (2020), and Occupational Safety, Health and Working Conditions (OSHWC) Code (2020) — repealing and rationalising 29 existing central labour laws.

Continue Reading

National News

Mumbai: Massive Fire Breaks Out At Dharavi Near Mahim Railway Station; Multiple Explosion Heard

Published

on

Mumbai: A massive fire broke out at Dharavi near the Mahim Railway Station today, November 22. According to several reports, atleast two blast were heard. As the fire broke close to the railway tracks, Media reported that train services hit services on the Western Railway were hit.

Citing a Western Railway Spokesperson, the daily added that five trains have been regulated between Mahin and Bandra stations.

Continue Reading

Trending