Goodyear India standalone net profit declines 43.63% in the June 2025 quarter
Net profit of Goodyear India declined 43.63% to Rs 14.11 crore in the quarter ended June 2025 as against Rs 25.03 crore during the previous quarter ended June 2024. Sales declined 5.09% to Rs 656.22 crore in the quarter ended June 2025 as against Rs 691.38 crore during the previous quarter ended June 2024. Particulars Quarter Ended Jun. 2025 Jun. 2024 % Var. Sales 656.22691.38 -5 OPM % 4.306.41 - PBDT 31.6447.31 -33 PBT 18.9633.45 -43 NP 14.1125.03 -44
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Time of India
43 minutes ago
- Time of India
CM expands financial powers of administrative secretaries, HoDs
New Delhi: In a move to accelerate "good governance", chief minister Rekha Gupta has enhanced the financial powers of administrative secretaries and heads of all Delhi govt departments, officials said on Thursday. Tired of too many ads? go ad free now According to CM, administrative secretaries will now be able to directly procure all IT-related items, and undertake repairs, rentals, and maintenance, in addition to purchasing equipment and other related material, without procedural delays. "CM highlighted that this is the first revision in officers' financial powers in nearly six years, with the last amendment made on Aug 7, 2019," CM's office said in a statement, adding that technological progress, rising costs, and the introduction of new welfare-oriented schemes have brought about significant changes in the execution of projects. "To build a 'Developed Delhi' and to ensure that the benefits of govt schemes reach the people promptly, her budget this year has risen to Rs 1 lakh crore, compared to Rs 54,800 crore at the time of the last revision. Therefore, the decision has been taken to make effective use of the allocated budget, prevent unnecessary delays in departmental work, speed up the execution of projects, and ensure their timely completion by increasing the financial powers of senior officers," the statement read. In special cases, Gupta added, administrative secretaries have been granted complete financial powers. These include the appointment of individual consultants, consultancies, professionals, project management units, and other specialists; the procurement, repair, rental, and maintenance of all IT-related items; the hiring of human resources; the purchase of equipment; and the acquisition of new vehicles in place of condemned ones. Tired of too many ads? go ad free now "This change in financial powers has been made to protect public trust and to accelerate Delhi's pace of development. It is our responsibility to ensure that public funds are used at the right time, in the right place, and for the right purpose. This decision will not only strengthen good governance but will also make service delivery to the public more effective and timely, while eliminating delays caused by unnecessary inter-departmental movement of files," she said.
India Today
an hour ago
- India Today
550 Mumbai chawl families receive keys of new redeveloped spacious apartments
Mumbai's century-old Worli BDD chawls saw a major shift on Thursday as 556 families received keys to their new 500-sq ft high-rise apartments under the long-pending redevelopment project. Residents are moving from cramped 180-sq ft rooms to modern 2-BHK homes, some offering sea redevelopment, carried out by Tata Housing in partnership with the Maharashtra Housing and Area Development Authority (MHADA), includes two completed towers of 40 floors each, with work on other buildings larger Bombay Development Department (BDD) chawl redevelopment — covering Worli, Naigaum in Dadar, and NM Joshi Marg — is estimated at over Rs 17,000 crore. Once complete, 15,593 families will transition from 160-sq ft homes to 500-sq ft apartments. Amenities in the new towers include a rainwater harvesting system, rooftop solar panels, automatic corridor light sensors, and planned parking month, residents were given a preview of "tower life" during an orientation session, which included guidelines such as not storing footwear or belongings in many, the day was the fulfilment of a decades-long wait. Ravindra Mayekar, 58, whose 75-year-old mother is among the beneficiaries, said, "We have been waiting for this house to be completed for years. It's a dream come true. People should stay in these houses and not sell them to others. This is gold which we should leave for our next generation".Others, still awaiting possession, expressed mixed feelings. Stayawan Bankar, who lives in an old building next to the construction site, said, "Construction is ongoing next to our building. Due to this, mosquito infestation has increased. Last year my daughter was admitted to the hospital twice. My dream of having a family is complete, now waiting for the dream of a house to be completed".For the Kulkarni family, Thursday was an emotional milestone. "It's my grandmother's deeds that we have got this house today. Since I was growing up I have been hearing that Worli BDD will be redeveloped. To see it happening is a dream come true. My family plans to stay here," said 22-year-old Varad to local property agent Santosh Singh, Worli's real estate rates range from Rs 60,000 per sq ft for regular flats to Rs 1.25 lakh for luxury units."In case of Worli BDD, because it's a redeveloped building, it will cost around Rs 30,000 to Rs 40,000 per sq ft even if made well. So the costing will be at Rs 2 crores per flat as a middle-class person can't pay more than," he the new homeowners, the move marks the beginning of a new chapter — one that transforms a 100-year-old community into a modern vertical neighborhood.- Ends IN THIS STORY#Mumbai
The Hindu
an hour ago
- The Hindu
Tamil Nadu's KMUT Scheme: Gains and Gaps in Cash Transfer to Women
Published : Aug 14, 2025 21:01 IST - 6 MINS READ A year after the Dravida Munnetra Kazhagam-led government in Tamil Nadu launched the Kalaignar Mahalir Urimai Thittam (KMUT) scheme, an unconditional monthly cash transfer of Rs.1,000 to the female head of eligible households in the State, a new report says that the scheme has helped in advancing women's financial autonomy but is yet to address some critical gaps. The report, titled 'A Right to Care, A Right to Welfare: A Study of the Kalaignar Mahalir Urimai Thittam', was released at Chennai's Anna Centenary Library on August 11, months before the 2026 Assembly election in the State. The survey was carried out by a team of researchers led by Prabha Kotiswaran in six districts: Virudhunagar, Dharmapuri, Coimbatore, Nagapattinam, Vellore, and Kancheepuram. 'The KMUT scheme recognises women's unpaid work and is very robust in terms of notification and implementation. We found that women are experiencing higher levels of financial well-being,' said Kotiswaran, a professor of law and social justice at The Dickson Poon School of Law, King's College London (KCL). She added that compared with cash transfer schemes in other States, the Tamil Nadu model 'offered hope'. Expenditure and food choices under KMUT The report, part of KCL's Laws of Social Reproduction project, shows that 96 per cent of the beneficiaries feel free from financial anxieties and more confident in handling life situations. A clear result of this increased independence is the way women decide to spend or save the KMUT amount. The report found that 82 per cent of beneficiaries spent the money, 6 per cent saved it entirely, and 12 per cent split it between saving and spending. About half the women used it for household goods, with spending on medicines now higher than everyday items. The data also showed that the beneficiaries were less likely to spend it on themselves. For instance, the report mentioned a beneficiary with a family of six who said that with inflation, she could not afford to spend anything on herself. Also Read | Welfare schemes win female voters but fail to boost women in politics The report states that the scheme has allowed women to buy a greater variety of food, with fish consumption seeing a notable rise among beneficiaries (17 percentage points) and their household members (19 percentage points). But it also notes that women are eating fewer meals because of rising grocery costs, indicating the amount is insufficient for their own expenses. Role in women's financial independence KMUT has changed the way things work at home for many, as the case of 36-year-old Vijayalakshmi suggests. A member of the women's union Penn Thozhilalar Sangam (PTS), Vijayalakshmi told Frontline that she found the KMUT amount to be helpful as it was extra income for her. 'Before, my kids would go to their father if they wanted something. Now, they come to me too,' she said. In the pre-survey, researchers found that women were at peace with the KMUT amount in hand. One year into the scheme, 91 per cent of the beneficiaries felt self-sufficient and autonomous, 95 per cent were able to spend without their husbands' permission, and 96 per cent felt like an asset rather than a liability. According to the report, women not only have more control over their finances but are also more financially aware, withdrawing their KMUT amount from banks, ATMs, customer service points, and e-Sevai centres. Yet, despite these gains, some PTS members voiced criticism. 'Government functionaries should understand that if women are happy with receiving this meagre amount, how bad their livelihood must be. That should signal that the scheme is hence a failure,' said Sumathi Dorairaj, a PTS member and activist. Kavitha, another PTS member, said that KMUT had not reached more than half the designated people. 'And those who have missed out on it are the ones in the lower reaches of society,' she added. Vijayalakshmi, however, saw no issue with the amount and said it would be spent regardless of how much it was. Impact on work and domestic violence The research found mixed results for the scheme's impact on paid and unpaid work. While the earnings from paid work outside the home fell by 95 per cent, paid work done at home rose by 36 per cent. Savings from unpaid work increased by 14 per cent. The report said some women used the money to travel for paid work, while others used it to earn from home or make domestic and care work easier. But having more income and independence also led to some unexpected problems. The study found a rise in certain forms of domestic violence among the beneficiaries surveyed. Minor violence became more frequent, with indicators such as husbands showing anger or jealousy when their wives spoke to other men or accusing them of being unfaithful. Major violence also increased—physical abuse by husbands rose by 34 percentage points, and wives hitting husbands went up by 16 percentage points. Incidents of sexual violence increased as well, with the frequency of forceful sexual acts rising by 53 per cent. Rethinking the scheme As per the report, 67 per cent of the beneficiaries felt that the KMUT amount should be increased. 'Widows must be given at least Rs.5,000. Many are denied the money because they are under 45 years of age. If they are above 45, they are refused on the grounds that their children are over 18. This Rs. 1,000 is not enough for them,' R. Sumathi, PTS general secretary, told Frontline. Narbadeshwar Mishra, an assistant professor of economics at O.P. Jindal Global University and one of the report's co-authors, said that Rs.1,000 is not enough to lift women out of poverty. He added that while it has made them more familiar with banking, many still do not use it much, and the small amount makes it harder to get loans. The report also observes that some beneficiaries want jobs over payments, and many expect the government to expand the scheme's eligibility criteria to include all women. It stated that '56 per cent of the respondents said they would prefer to access paid work instead of the cash transfer scheme, with only 21 per cent saying they preferred receiving just the cash transfer'. Right to care The report also calls for the inclusion of beneficiaries and women's groups in designing and improving the welfare system, linking it to a formal right to care. PTS president Sujata Mody said that the government must communicate with them to understand what needs to be done going forward. 'In a State like Tamil Nadu, where gender divide is deeply ingrained, KMUT offers respect and appreciation to women. But one cash transfer is not enough, as the scheme has negatively impacted other programmes such as the old age pension, scholarships for children, and MNREGA funds. If the government says the funds are limited, they should be better targeted,' Mody told Frontline. Also Read | The myth of the 'women vote bank' The report concludes that while KMUT has emerged as a success story, it is only a single step forward to empower women. It emphasises recognising unpaid domestic and care work under the UN's Sustainable Development Goals to enable its redistribution. Kotiswaran hopes that the report would help improve KMUT's implementation, including a reconsideration of eligibility criteria with a renewed focus on its purpose—to recognise care. 'If Tamil Nadu is serious about this, more must be done—embed the right to care and cash transfers in law, recognise care workers' rights (including scheme and domestic workers), and invest in the care economy,' she said.
