-Outlook Labour is bought cheap, treated cheap-in India's garment factories as at Bangladeshi ones Even as the world remains morbidly fixated on the tragedy in Rana Plaza on the outskirts of Dhaka-the collapse of the textiles sweatshop three weeks ago buried 1,127 workers and sparked off a global outrage-it is business as usual at India's textile hubs. And you don't have to travel far from the city centre to...
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CITU wants to fight unemployment by cutting work-week to 35 hrs from 48 -Shaju Philip
-The Indian Express Thiruvananthapuram: Thirteen years after a Left government in France adopted a 35-hour work-week to tackle unemployment and allow more time for leisure, the CPM's trade union arm Centre of Indian Trade Unions (CITU) has decided to campaign for the same model in India. Reducing the weekly working hours in India to 35 from 48 was one of the main proposals agreed by the CITU's all-India conference which concluded in...
More »Separate housing policy sought for rural poor
-The Hindu ‘Construct dwellings at a cost of Rs. 2 lakh each for the houseless' Gulbarga: A convention of houseless people has urged the State government to frame a separate housing policy for the poor of rural areas who are houseless and do not own sites, and constitute a village development authority on the lines of the urban development authority. The convention was jointly organised by the Centre of Indian Trade Unions...
More »Strike hits banking, coal mining in Andhra
-IANS Banking services were paralysed, coal production came to a halt, and transportation was hit in Andhra Pradesh by the two-day nation-wide strike called by major trade unions, which began Wednesday. Bank services in Hyderabad and the rest of the state were totally paralysed as over 70,000 employees of public sector banks joined the strike. Coal production came to a halt in the mines of the state-owned Singareni Collieries, with 65,000 workers in...
More »EPFO to include 'AAA' rated corporate bonds in portfolio-Raj Kumar Ray
-The Indian Express The Employees' Provident Fund Organisation is set to widen its investment horizon by including 'AAA' rated corporate bonds of any private company in its portfolio following a clean chit from Crisil, a move that can open up a window for blue-chip corporates to raise about Rs 35,000 crore through long-term debt papers annually. Crisil, which was appointed by EPFO to advice on investment portfolio, has said that none of...
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