@SanchDash The Union Ministry of Labour and Employment is working on new labour codes which will make way for a three-day weekend.
@SanchDash But will keep the working hours at 48 hours a week, which means employees might be subject to long days.
@SanchDash “Companies will have to give three days’ of paid leaves and 12 hours of work per day to their employees with the consent of the workers. We are not forcing employees or employers. It gives flexibility." said Labour and Employment Ministry Secretary Apurva Chandra.
@SanchDash A survey conducted in 2020 showed that employees feel a four-day work week concept is at least five years away in India. Especially, given that employees, in many cases, are made to work beyond five days in a week currently.
@SanchDash In India, employees work way beyond 48 hours a week – crossing the International Labour Organization’s (@ilo) norms of working. According to the labour standards. “the general standard is 48 regular hours of work per week, with a maximum of eight hours per day.” says ILO website.
@SanchDash@ilo A World Economic Forum survey of businesses that had implemented the policy showed that it can help companies “make savings of almost £92 billion (around 2% of total turnover) each year”.
@SanchDash@ilo But there are also challenges said the @wef survey, especially, in the service sector where four days might not be enough to meet consumer expectations and demands.
India is considering four-day work weeks but with longer hours. Share your thoughts?
➡️ @chowbotics was founded in 2014 by Indian American Deepak Sekar. Sekar is a graduate from @iitmadras.
➡️ The 38-year old Sekar moved on from the founder role in 2019. He is currently on the Board of Directors in the company and runs an AI edtech firm Prof Jim.
The state-owned power distributor in Tamil Nadu, one of India’s more developed states, is losing ₹2.2 on every unit of power sold. This has led to a debt pile up of over ₹1.13 lakh crore ($15.4 billion).
Now, a Bengaluru-based research group @ClimateHorizons, has come up with a plan to save the company and consumers’ money on electricity bills.
The cash-strapped discom Tamil Nadu Generation and Distribution Corporation (TANGEDCO)...
#EXCLUSIVE | @upGrad_edu is rushing its employees back to #Mumbai and #Bengaluru offices— and relocating many without more money or temp accommodation
@upGrad_edu@RonnieScrewvala@SanchDash It’s not just that people who decided to move back home during the lockdown are being called back. Even those who were hired to work in other cities are being moved either to #Bengaluru or #Mumbai.
@upGrad_edu@RonnieScrewvala@SanchDash Employees have less than a week to comply with the order. And they have not been offered additional money or support in terms of temporary accommodation.
@SanchDash#MasayoshiSon, the founder and CEO of #SoftBank, and a long-time friend of #Alibaba founder #JackMa, said that the Chinese crackdown on Alibaba is the same as anti-trust regulations that have existed since a long time in the US or European countries.
@SanchDash Whereas in #China, according to Son, internet companies had a free hand, where they could do whatever they wanted.
@IndiaMART@DineshAgarwal@SanchDash On Friday, it rose to almost 10 times that number to ₹9,925 . In the last one year alone, the value has multiplied nearly 4 times.
President's address to joint sitting of Parliament was of hope, way forward during these challenging times: PM @narendramodi in Rajya Sabha
(PTI)
@narendramodi India is truly a land of opportunities; country cannot let go opportunities that have come during challenging times: PM @narendramodi in Rajya Sabha