
Anti-labour acts: Tasmac told to pay 1 lakh by HC
Tasmac
's rampant
anti-labour practices
,
Madras high court
likened it to Shylock for insisting on rigid positions in disregard of broader legal and equitable obligations.
Justice Maria Clete, passing orders on disputes arising out of the Tasmac's disciplinary and penal action against its work force in utter disregard for laws, also imposed 1 lakh cost on Tasmac, saying: "Considering the seriousness of the issues the persistent and unrepentant attitude displayed by Tasmac and the unwarranted volume of litigation they have generated before this court, despite being a wholly-owned govt company expected to act as a model employer, and their audacious stand that no labour law applies to them despite clear judicial pronouncements to the contrary, this court deems it appropriate to impose a cost of 1 lakh on Tasmac."
You Can Also Check:
Chennai AQI
|
Weather in Chennai
|
Bank Holidays in Chennai
|
Public Holidays in Chennai
The sum shall be paid to Tasmac Oozhiyar Manila Sammelanam (CITU), the judge said. Tasmac operates approximately 4,829 retail liquor outlets across Tamil Nadu as of March 31, 2024, employing around 23,986 persons in various categories.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around
Blinkist: Andrew Ng's Reading List
Undo
Justice Maria Clete asked: "What is the legal status and service condition of nearly 24,000 employees engaged by this State-run enterprise? Has any comprehensive framework under labour legislation been applied to regulate their employment over the past four decades? Notably, apart from the regular employees, the workers engaged in loading and unloading operations at Tasmac godowns have, without exception, been employed through outsourcing arrangements. As for the managerial cadre overseeing Tasmac's administrative functions, personnel have predominantly been drawn from the revenue, excise, and police departments — an arrangement evidently designed to maintain stringent governmental oversight over the liquor trade."
Despite clear judicial pronouncements, Tasmac has disregarded binding directions, and almost every termination of its employees challenged before this court has been set aside for failure to follow due procedure and for violations of the provisions of the Industrial Employment (Standing Orders) Act. These judgments have attained finality, said Justice Maria Clete.
The Industrial Employment (Standing Orders) Act, 1946 applies to Tasmac, is legally sound and correct, she said, adding, "it is far too late for the Respondent Tasmac to now contend that the provisions of the Industrial Employment (Standing Orders) Act, 1946 do not apply to them. Such a stand has been taken deliberately, and without any legal foundation, with the intention of defeating the claims of the petitioner-union."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Time of India
36 minutes ago
- Time of India
India-China ties: Both sides agree to reopen border trade, resume flights
NEW DELHI: India and China on Tuesday agreed to reopen border trade through three designated passes and resume direct flight connectivity, as part of a broader push towards easing tensions and stabilising bilateral ties. The decisions were announced after the 24th round of the Special Representatives' dialogue on the Boundary Question, co-chaired by National Security Advisor Ajit Doval and Chinese Foreign Minister Wang Yi, who was on a two-day visit to India. On his first day, he met EAM S Jaishankar. On Tuesday, he met NSA Doval and later Prime Minister Narendra Modi at 7 Lok Kalyan Marg, where he handed over President Xi Jinping's invitation for PM Modi to attend the SCO Summit in China. Key agreements Border Trade: Both sides agreed to reopen trade through the three designated passes — Lipulekh, Shipki La, and Nathu La — to boost cross-border economic activity. Flights & Visas: India and China will resume direct flights at the earliest and update the Air Services Agreement. They also agreed to ease visa processes for tourists, businesses, media, and other visitors to strengthen people-to-people contact. Investment & Cooperation: The two countries pledged to promote trade, investment flows, and exchanges, and to restart bilateral dialogue mechanisms. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo This includes holding the Third India-China High-Level People-to-People Exchanges Meeting in 2026. Trans-border rivers: They agreed to strengthen cooperation through the Expert Level Mechanism and maintain communication on MoU renewals. China also committed to sharing hydrological data during emergencies on humanitarian grounds. Global Cooperation: Both sides reaffirmed their support for multilateralism and a rules-based trading system with the WTO at its core. They also agreed to promote a multipolar world order that safeguards the interests of developing nations. The two sides held candid and in-depth discussions on the boundary question and agreed to seek a 'fair, reasonable and mutually acceptable' settlement in line with the 2005 agreement on guiding principles. They also agreed to set up an Expert Group, under the Working Mechanism for Consultation and Coordination on India-China Border Affairs (WMCC), to explore 'early harvest' in boundary delimitation in the India-China border areas. They agreed to "setting up a Working Group, under the WMCC, to advance effective border management in order to maintain peace and tranquillity in India-China border areas". Both countries noted that peace has been maintained along the border since the last round of talks and stressed the need for continued stability to support overall development of bilateral ties. India further reaffirmed support for China's upcoming SCO Summit in Tianjin, while China welcomed India's hosting of the 2026 BRICS Summit. In turn, India will back China's hosting of the 2027 BRICS Summit. The two sides also agreed to strengthen cooperation on trans-border rivers, with China committing to share hydrological data during emergencies. The meeting ended on a positive note, with both sides agreeing that a 'stable, cooperative and forward-looking' relationship is in their mutual interest. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .


Time of India
an hour ago
- Time of India
US tariff impact: S&P says India's long-term growth story intact; cites reforms and robust domestic demand
S&P Global Ratings on Tuesday said that high US tariffs are unlikely to derail India's long-term growth prospects, citing the government's focus on reforms, infrastructure investment and improving living standards. The ratings agency, which recently upgraded India's sovereign credit rating to 'BBB' with a stable outlook after 18 years, pointed to strong economic fundamentals and fiscal discipline as key drivers, PTI reported. 'Going forward, we expect this growth dynamics will continue to play out over 3 years with growth averaging about 6.8 per cent. If infrastructure and connectivity improve in India, it will remove bottlenecks that are hindering long-term economic growth and bring India's potential growth path even higher,' S&P Global Ratings Director YeeFarn Phua said. India, Phua added, remains one of the strongest and best-performing economies globally. 'Over the past 3-4 years, India has been an outperformer in growth compared to regional peers,' he said at a webinar on India's rating upgrade. On the specific impact of higher tariffs, S&P Asia Pacific Economist Vishrut Rana said India's economy is largely sheltered due to its domestic orientation. 'India's economy is relatively less trade-oriented, with external demand contributing only 15 per cent of the overall economy and 85 per cent driven by domestic factors. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo So it is a very heavily domestically oriented economy. That is one element of shelter,' Rana said. He noted that mitigating factors, such as exemptions for some sectors and limited exposure to the US, would cushion the blow. 'It is a complicated environment. There are several mitigating factors which are likely to cushion the overall impact on the economy. Still, we could see some short-term confidence effects on the economy. Medium term, the structural factors — favourable growth path, infrastructure and continued favourable business environment — will determine the growth path,' Rana said. The US has already imposed a 25 per cent tariff on Indian goods effective August 7, with an additional 25 per cent duty scheduled from August 27, taking the total to 50 per cent. Phua stressed that India is staying on course with reforms despite external disruptions. 'These external developments (like high tariffs) can sometimes create some noise but by and large, this government is staying on course and trying to improve the standard of living for its people,' he said. Asked about the tariff impact on growth, Phua underlined that S&P takes a long-term approach. 'Exposure of India to the US in terms of exports is just 1 pc of GDP. So, even though tariffs remain high, we don't think it will have an overall impact on India's long-term growth prospects. Short term, it might have some marginal hit to growth, over a longer term, we believe India's growth story remains sound,' he added. Stay informed with the latest business news, updates on bank holidays , public holidays , current gold rate and silver price .


Time of India
an hour ago
- Time of India
When half your paycheque becomes the EMI: A Rs 50 lakh package can buy a flat, but can it buy peace of mind?
A Rs 1.5 crore home loan at an interest rate of about 8.5% over 20 years means an EMI between Rs 1.2 and Rs 1.3 lakh each month. Alok Tiwari, a wealth advisor, broke down the problem in plain numbers. 'EMI for 1.5Cr will be 1.2L pm. A 50L CTC makes 2.75L pm. Deduct rents, school fees, insurance, school bus, petrol, car cost, misc, groceries, utilities, vacation etc. Now from the leftover savings divide with 1.5cr,' Tiwari wrote on Threads. The concern is clear. A Rs 50 lakh annual package translates to about Rs 2.75 lakh a month in hand. Almost half of that vanishes into the loan repayment, before accounting for the many other unavoidable costs of family life. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like This Could Be the Best Time to Trade Gold in 5 Years IC Markets Learn More Undo Bank approval vs reality Technically, such a loan might pass bank scrutiny. The Reserve Bank of India allows lenders to extend loans up to half of a borrower's income. But most advisors, and many banks themselves, caution against stretching beyond 40% of take-home pay for housing costs. In this case, 40% of Rs 2.75 lakh works out to roughly Rs 1.1 lakh. The EMI required is closer to Rs 1.29 lakh, already breaching that threshold. That gap signals stress, not comfort. Live Events Affordability across cities The affordability question is not new. Knight Frank's 2025 report on housing shows that, on average, Indian buyers commit 28% of their income to EMIs. But the picture changes dramatically across cities. In Mumbai, the ratio climbs to 48%, a level already seen as risky. In contrast, Ahmedabad and Kolkata remain more affordable, with EMIs consuming 18% to 23% of income. When commitments inch close to half of what a household earns, it squeezes everything else. School fees, groceries, fuel, insurance, travel, and even small savings start to feel heavier. Tiwari's post touched a nerve because it describes a common dilemma. Salaries in many urban sectors have risen, and home loans have become accessible. Yet the real question is not whether a bank will say yes, but whether the borrower can live comfortably afterwards. A Rs 50 lakh salary, under present benchmarks, does not comfortably support a Rs 1.5 crore home. The risk is not just of repaying the bank, but of sacrificing financial flexibility. Buyers may end up house-rich but cash-poor. This article is based on a user-generated post on social media. has not independently verified the claims made in the post and does not vouch for their accuracy. The views expressed are those of the individual and do not necessarily reflect the views of . Reader discretion is advised.