Indian Economy: News and Discussion

FalconSlayers

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You don’t need to depend on ISP to lay the Internet broadband wire to your house, you can get High speed Internet in the middle of nowhere.

Why doesn’t Airtel increase shares in OneWeb to more than 50% from current 46%? OneWeb is a similar service like StarLink. Or we should ask StarLink to manufacture their equipment here in India as this is a big project.
 

afako

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Vote bank politics, shit yaar! Will this apply on Delhi NCR? Coz Gurugram is one of the most important cities in Haryana that have huge importance for India.
View attachment 80285
I guess Haryana has the highest per capita GDP in India. Very good GST collections.

After this, maybe it will be a flat curve instead of growth.
 

FalconSlayers

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I guess Haryana has the highest per capita GDP in India. Very good GST collections.

After this, maybe it will be a flat curve instead of growth.
That Khattar is an illiterate guy, this is not the way BJP works in the name of appeasement. I hope it doesn’t affect Delhi NCR else Gurugram will be forever ruined. Its a shame that such things are not considered treason.
 

afako

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That Khattar is an illiterate guy, this is not the way BJP works in the name of appeasement. I hope it doesn’t affect Delhi NCR else Gurugram will be forever ruined. Its a shame that such things are not considered treason.
Let's see this as an experiment. If it works then be ready for all states to launch it overnight as this will help all incumbents to gain votes and remain in power.

The center of gravity will shift to Yogi's UP - Noida. Bye Bye Gurugram.

The reason being Gurugram is the only place apart from Bombay to have lots of front end offices. You cannot develop Haryanavi CEOs, CFOs and CTOs out of thin air for all head offices in Haryana. I don't know the provisions yet but there will be loopholes also.
 

ezsasa

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That Khattar is an illiterate guy, this is not the way BJP works in the name of appeasement. I hope it doesn’t affect Delhi NCR else Gurugram will be forever ruined. Its a shame that such things are not considered treason.
Have you read the gazette notification or the law?
 

Chandragupt Maurya

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Development of E and NE is essential for development of India. E India should be prioritized for Industries by GoI.
Bihar and Eastern UP are fit for agriculture , food processing , animal husbandry , fishery , dairy etc ground water reserves are also not depleted in this region government should focus on agriculture in this area it will ensure food security in country and people will get good quality food products we can also earn good amount of FOREX by exporting organic food
Demand for organic food is increasing in rich countries
 

mokoman

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That Khattar is an illiterate guy, this is not the way BJP works in the name of appeasement. I hope it doesn’t affect Delhi NCR else Gurugram will be forever ruined. Its a shame that such things are not considered treason.
Would be nice if supreme court struck it down.

Isn’t it a bad habit to jump to conclusions without understanding the issue!!!
:yawn: why , cause its BJP ? , because thats all everyone does here.


best info i could find



Key Features

The Bill seeks to reserve 75% of new jobs for local candidates in private establishments.

Private establishments may claim exemptions if candidates of desired skill are not available.

Establishments must mandatorily register all employees earning less than 50 thousand rupees on a designated portal.




Key Issues and Analysis

A state law providing for reservation in private establishments on the basis of residence may not be constitutional.

Reservation to the extent of 75% may violate the guidelines laid down by the Supreme Court.

Constraints on private establishments in hiring may be detrimental to their efficiency.




Applicability: The Bill applies to: (i) all companies, partnership firms,
societies, trusts, limited liability partnership firms, (ii) any person
employing 10 or more persons. It does not apply to the central or state
government, or any organisation owned by them. It will be in force for a
period of 10 years.

Reservation for local candidates: All such employers must provide 75% of new
jobs with a gross monthly salary of up to Rs 50,000 to local candidates
(candidates who have a domicile in the state).

Compulsory registration: Within three months of the Bill coming into effect,
employers in the applicable establishments must register employees with a
monthly salary below Rs 50,000 on a designated portal. An employer cannot
employ a new person till such registration is complete.

Exemptions: Employers may claim an exemption from providing reservation to
locals if adequate number of local candidates of desired skill, qualification,
or proficiency are not available. This claim will be evaluated by an officer of
the rank of Deputy Commissioner or higher. The officer may: (i) accept the
claim, (ii) reject the claim with recorded reasons, or (iii) direct the employer
to train local candidates to achieve the desired skill or proficiency.

Offences and penalties: The Bill specifies penalties for various offences.
For example, failure to provide 75% of new employment to local candidates will
attract a fine between Rs 50,000 and two lakh rupees, with an additional penalty
of Rs 1,000 for each day till the contravention continues.

 

doreamon

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Vote bank politics, shit yaar! Will this apply on Delhi NCR? Coz Gurugram is one of the most important cities in Haryana that have huge importance for India.
View attachment 80285
well.. business owner ll take all risks , will invest and then govt ll decide who he hires . This is height of socialist mentality . Sooner govt gives up this mentality better it is ..
 

Leonardo Alves

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This claim will be evaluated by an officer of
the rank of Deputy Commissioner or higher. The officer may: (i) accept the
claim, (ii) reject the claim with recorded reasons, or (iii) direct the employer
to train local candidates to achieve the desired skill or proficiency.
License raj.

This totally goes against one Nation one Market mindset of current prime minister.

Khattar and THE S$*M partner party which actually tabled this law cannot UPSKILLED it's own Jats and Gujjars through colleges hence bring RESERVATION laws and ENJOY the seat.
 

ezsasa

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Would be nice if supreme court struck it down.



:yawn: why , cause its BJP ? , because thats all everyone does here.


best info i could find



Key Features

The Bill seeks to reserve 75% of new jobs for local candidates in private establishments.

Private establishments may claim exemptions if candidates of desired skill are not available.

Establishments must mandatorily register all employees earning less than 50 thousand rupees on a designated portal.




Key Issues and Analysis

A state law providing for reservation in private establishments on the basis of residence may not be constitutional.

Reservation to the extent of 75% may violate the guidelines laid down by the Supreme Court.

Constraints on private establishments in hiring may be detrimental to their efficiency.




Applicability: The Bill applies to: (i) all companies, partnership firms,
societies, trusts, limited liability partnership firms, (ii) any person
employing 10 or more persons. It does not apply to the central or state
government, or any organisation owned by them. It will be in force for a
period of 10 years.

Reservation for local candidates: All such employers must provide 75% of new
jobs with a gross monthly salary of up to Rs 50,000 to local candidates
(candidates who have a domicile in the state).

Compulsory registration: Within three months of the Bill coming into effect,
employers in the applicable establishments must register employees with a
monthly salary below Rs 50,000 on a designated portal. An employer cannot
employ a new person till such registration is complete.

Exemptions: Employers may claim an exemption from providing reservation to
locals if adequate number of local candidates of desired skill, qualification,
or proficiency are not available. This claim will be evaluated by an officer of
the rank of Deputy Commissioner or higher. The officer may: (i) accept the
claim, (ii) reject the claim with recorded reasons, or (iii) direct the employer
to train local candidates to achieve the desired skill or proficiency.

Offences and penalties: The Bill specifies penalties for various offences.
For example, failure to provide 75% of new employment to local candidates will
attract a fine between Rs 50,000 and two lakh rupees, with an additional penalty
of Rs 1,000 for each day till the contravention continues.

and it is being projected in news as if the local reservation is for all employees of private companies.
 

ezsasa

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License raj.

This totally goes against one Nation one Market mindset of current prime minister.

Khattar and THE S$*M partner party which actually tabled this law cannot UPSKILLED it's own Jats and Gujjars through colleges hence bring RESERVATION laws and ENJOY the seat.
What’s the issue if locals are getting hired for low to mid salary range jobs?
 

doreamon

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What’s the issue if locals are getting hired for low to mid salary range jobs?
There is high level of regional disparity in india . People migrate to industrialized areas for job . And it is not a good precedent if we really want a cosmopolitan urban culture in india . Govt shd nt decide who a private company hires . This if goes unchallenged it ll become habit of govt to introduce various kinds of reservations in private ecosystem . Private companies shd focus on innovations and profits and shd nt take headache beyond a point regarding socialist schemes of govt for getting votes .
 

26/11

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What’s the issue if locals are getting hired for low to mid salary range jobs?
1. Competitiveness of Industry
2. Stops interstate migration, so no national integration and more regionalism
3. Most probably end up growth of cosmopolitan city like Gurugram prematurely.
4. Risk of other states adopting similar laws.

Benefits:
1. Votes in election
2. More competition between states to attract corporates as it will directly impact their voters.
 

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