According to the Deloitte Global 2025 Gen Z and Millennial Survey, shared by the consulting firm exclusively with Mint, 94% of Gen Zs and 97% of millennials surveyed in India prefer picking up relevant skills while working, valuing skill-building and growth opportunities over designations and hierarchy. âGiven the fast-paced change in technology and the related…
The Economic Survey 2024-25 on Friday highlights the significance of the four labour codes enacted by Parliament in strengthening workers’ rights. These codes aim to simplify and rationalize the 29 existing central laws around labour and employment. These codes, namely the Code on Wages, 2019, the Code on Social Security, 2020, the Industrial Relations Code,…
Concerned about the rise in accidents on the highways, the ministry of road transport and highways (MoRTH) has proposed to make the installation of safety devices mandatory for all heavy vehicles. Minister of road transport and highways Nitin Gadkari has said that MoRTH will soon finalise a draft notification for mandatory installation of Electronic Stability…
This is despite the fact that corporate taxes accounted for more than half of Indiaâs total direct taxes until 2019-20, although their share is now less than half. Corporate taxes accounted for an average of almost two-thirds of total direct taxes during the United Progressive Alliance (UPA) governmentâs second term. Their share went below half…
Indian banks have indeed traversed a long journey from the time the first European-style bank, Bank of Hindostan, was set up in Calcutta (now Kolkata) in 1771 by managing agents Alexander and Company, followed very quickly by Commercial Bank from managing agents McKintosh and Company. These banks may not have stood the test of time,…
For small businesses, especially, it opens up a customer base across the country using e-commerce. Presently, there are 14.6 million active taxpayers, of which nearly 10.4 million have come in the post-GST regime and are therefore new registrations. They represent a formalization of the economy. To what extent have small businesses benefited from this formalization?…
Neha Dixit | Photo Credit: Special arrangement Even as chants of âVikshit Bharatâ (Developed India) loudly resonate among the countryâs ruling party and policy-making, 80% of Indiaâs workforce remains in the informal economy, working on exploitative wages, without any job security or protection by labour and safety laws. Yet, this overwhelming majority gets invisibilised in…
New Delhi: Union finance minister Nirmala Sitharaman told the Rajya Sabha on Wednesday that the Indian youth were more employable than they were a decade ago. The Prime Minister’s package announced in the Union budget for 2024-25 will further improve employment prospects, she said, countering opposition criticism on unemployment. Sitharaman also defended the government on…
As the government prepares to roll out employment-linked incentives and other schemes aimed at first-time workers that may increase the participation of women in the workforce, we must also think about women who have exited. Our research with low-skilled workers in the manufacturing sector clearly shows that manufacturers face a huge turnover among women working…
Advocacy of Chinese foreign direct investment into India by the Economic Survey notwithstanding, a change in Indiaâs position seems unlikely. âThere is no rethinking at present to support Chinese investments in the country,” commerce and industry minister Piyush Goyal said on Tuesday, noting that the surveyâs recommendations are not binding. The current path of India-China…
