-Scroll.in Some of these workers had found temporary jobs with political parties for the upcoming Haryana Assembly elections. Rahul Kumar Sharma, 22, worked in the welding department of an auto-component company in Manesar, Haryana, fixing nuts and bolts that would be later assembled to form a car door. He had joined the company in June 2017. The work hours were gruelling. For a nine-hour shift, he earned a monthly salary of Rs 9,765...
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Wheels of misfortune: On crisis in automobile industry -Ashok Kumar, M Soundariya Preetha and Sangeetha Kandavel
-The Hindu The automobile industry is in the grip of an unprecedented crisis. The downturn in the economy has led to a dip in production and huge job losses across the country. July was a difficult month for 28-year-old Rohit Rana. Since 2012, Rana had been employed in a diesel machine shop at Maruti Suzuki’s Gurugram plant in Haryana. As the eldest of three siblings, it became Rana’s responsibility to take care...
More »Adopt a green growth strategy to boost the sluggish automobile sector
Among the measures announced by the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on 23rd August, 2019 to arrest economic downturn, the following are noteworthy: * Allow Bharat Stage IV (BS-IV) vehicles (which are purchased till 31st March, 2020) to remain operational for the entire period of registration; * Government shall lift the ban on purchase of new vehicles for replacing all old vehicles by its various departments; *...
More »Manmohan Singh hits out at Modi govt, calls slowdown 'man-made crisis'
-IANS * Manmohan Singh said India has the potential to grow at a much faster rate, but the all-round mismanagement by the Modi govt has resulted in this slowdown * The former PM said over 3.5 lakh jobs had been lost in the automobile sector alone, he claimed similar large-scale job losses in the informal sector New Delhi: Days after the finance ministry reported contraction in the GDP growth, former prime minister Manmohan...
More »Shock slowdown -R Suryamurthy
-The Telegraph New Delhi: The Indian economy grew at its slowest pace in more than six years at 5 per cent in the first quarter of 2019-20, deepening worries about subdued factory output and resultant job losses. It also fanned concerns about the Narendra Modi government’s ability to crank up demand amid clear indications that urban consumption had also started to slacken after rural demand went into a deep rut several quarters...
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