Page 13 - Private Sector

Vaccinating India brilliantly

The government has laid out the right protocol for the Covid vaccination drive. Now let the private sector get on with the job

Privatisation: But from which PM Modi?

Human memory is short. That alone can explain why many are deliriously happy with his latest slogans and ignore seven years of poor "doing business" climate, taxtortion, extortionate oil prices

Unlocking public assets

Govt's plan to monetise assets has rewards and risks

Best of BS Opinion: For whom Covid bell tolls, Defending pvt sector & more

Here's a selection of Business Standard opinion pieces for the day

Defending the pvt sector

Govt must strengthen the overall regulatory framework

The public sector has failed but private sector is hardly an inspiration

Though private sector now creates more jobs than public sector, the scale of operations of even the giants in Indian biz has not been big enough to alter employment dynamics the way China has managed

Culture of abusing private sector no longer acceptable: PM Modi

Modi on Wednesday stressed on the private sector's vital role in the economy and asserted that the culture of "abusing" it for votes is no longer acceptable

Budget envisages private sector participation: FM Nirmala Sitharaman

This would facilitate the private sector in areas such as power, roads, ports and airports, among others

Bill in the works to have two sets of DFIs: Govt and private

Currently, some entities are working as a kind of DFI in their niche areas such as Indian Railway Finance Corporation, National Bank for Agriculture and Rural Development, and Small Industries Develop

In India's K-shaped economic recovery, keep a watch on middle-income groups

India's better-than-expected recovery story was scripted by households, and not government spending or private sector investments

Share of family-owned firms in total market capitalisation rises to 64.5%

The combined m-cap of all private sector companies rose by 24.4 per cent this year to Rs 142.4 trillion as of December 24, up from Rs 114.5 trillion at the end of December 2019

Climate change push

Pvt sector participation is a welcome step

Haryana assembly passes bill on 75% job quota in pvt sector for locals

The Haryana Assembly on Thursday passed a bill to give 75 per cent reservation in private sector jobs to youth from the state, an election promise made by ruling alliance partner Jannayak Janta Party. The Haryana State Employment of Local Candidates Bill, 2020 provides a 75 per cent job quota for local people in private sector jobs which offer a salary of less than Rs 50,000 a month. It applies to private companies, societies, trusts and partnership firms, among others, located in the state. The state governor has to give assent to the bill before it becomes law. The Bill was tabled by Haryana Deputy Chief Minister Dushyant Chautala in the state assembly here.

LTC cash voucher scheme: If you spend less, tax benefit will be lower

Under cash scheme, now extended to private-sector employees, 3x the LTC fare has to be spent

IFC extends $4-billion loans to private companies to fight pandemic

The International Finance Corporation (IFC) on Friday said it has so far extended $4 billion to private sector businesses in the poorest countries to help fight the coronavirus pandemic.

People opting for lower tax regime not eligible for LTC stimulus: Govt

LTC incentive expanded to employees of the private sector, the public sector units and state governments.

Goa govt to tie-up with industry body to tap private job avenues: CM Sawant

Goa Chief Minister Pramod Sawant on Friday said his government will tie-up with the states apex industry body to generate job opportunities in the private sector for local youths. Sawant said the state government, for the first time, has shared Employment Exchange data with the private sector to enable industries to recruit the best professionals available in Goa. Talking to PTI, the Chief Minister said at least 250 youths were gainfully employed in the private sector during the last 3 to 4 months through the state's Employment Exchange. He said youths registered with the Employment Exchange will get career counselling from the Goa Chamber of Commerce & Industry (GCCI) which will also help them get jobs under a tie-up with the government. Expressing unhappiness over frequent opposition to development initiatives in the state, Sawant said some people are opposing a marina project, which has the potential to change the face of tourism in Goa. A private investor has ..

Now China's communist party wants stronger role in the growing pvt sector

The party called on the United Front to improve the government's leadership role in the nation's private sector, according to guidelines issued by the General Office of the CPC

EPFO settles 9.4 mn claims of formal sector workers since Covid-19 outbreak

The partial EPF withdrawal by private sector workers doubled during this period compared to last year

Contribution-based pension accounts for new EPFO subscribers soon

The move will help higher-income group workers to get higher pensions and is aimed at making the pension fund of the EPFO, which is in deficit, more sustainable