
Three-day private bus strike from May 22 as talks between operators, Bengal govt inconclusive
Kolkata faces a potential transport crisis. Discussions between the West Bengal transport department and private bus operators reached a standstill. A three-day statewide bus strike is planned to start on May 22. The bus operators demand resolution of pending issues. These issues include extending the lifespan of older buses and addressing alleged police harassment.
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Talks between the West Bengal transport department and a unified platform of five private bus operators ' associations failed to resolve the ongoing deadlock on Monday, with the latter firm on their three-day statewide strike of stage carriages starting May 22. The associations, which have come together under the banner Besarkari Jatri Paribahan Banchao Committee (Save Passenger Transport Committee), are demanding immediate resolution of long-pending grievances, including a two-year extension for buses older than 15 years and an end to alleged police harassment over traffic violations.Members of five associations - Joint Council of Bus Syndicates, Bengal Bus Syndicate , West Bengal Bus-Mini Bus Owners Association, Minibus Operators Co-ordination Committee and Inter and Intra Region Bus Association - met senior transport officials and transport secretary Saumitra Mohan in series of meetings, but there was no immediate sign of a breakthrough, PN Bose, spokesperson of the Inter and Intra Region Bus Association, told PTI.Bose said as a last-ditch effort in the interest of commuters, they will hold a meeting with Mohan on May 20, where the deputy commissioners of Kolkata Police across different divisions will be connected virtually."Let's hope against hope," he added.A senior transport official said, "We hope better sense will prevail. We are hopeful they will respond positively to tomorrow's discussion where both sides will discuss the issues," he added."Private bus operators are yet to recover from the losses incurred during Covid lockdown in 2020. The state government is yet to announce a viable financial package for the stage carriage sector, which is now struggling for survival. Still, we are struggling to keep our fleet running, but police excesses like slapping false traffic violation cases and imposing hefty fines are making our survival difficult, Bose added."We had also sent a letter to the Chief Minister's Office, but there has been no response," he said.Currently, around 2,500 private buses operate in Kolkata and surrounding areas, while around 27,000 buses ply across the state.
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Time of India
an hour ago
- Time of India
UK's visa crackdown leaves city of London immigrants in limbo
One banker in the City of London is faced with paying an extra £40,000 a year in university fees for his children. Nursing homes are worried about finding enough caretakers for residents. The insurance industry says overseas relocations have now ground to a halt. Such is life in the UK after the government announced it would now take ten years for immigrants to receive preferential status known as indefinite leave to remain, or ILR. That's twice the time it used to take. 'Ten years is a very long time to spend without certainty,' said Louise Haycock, partner at the immigration services firm Fragomen, who has been fielding frequent requests from businesses on the matter. 'The UK already has one of the most expensive immigration schemes.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Experience next-level CPAP comfort with Resmed AirSense 11 ResMed Buy Now Undo The government, which is still finalizing the changes, is attempting to navigate public pressure to tackle the number of people arriving in the country, as the right-wing populist Reform party gains ground in local and parliamentary elections. It's too soon to say whether the plans will apply retroactively to those already in the country, immigration minister Seema Malhotra said this week. (Join our ETNRI WhatsApp channel for all the latest updates) Net migration to the UK quadrupled between 2019 and 2023. While official data suggests this rise is reversing as the post-Covid spike in foreign students ends and European Union citizens face more hurdles to move, the government is keen to drive the decline further. The rules are also tightening for those who wish to bring family members when they move. Live Events You Might Also Like: UK hubs for exploited migrant carers are of little help The most obvious businesses hit by the crackdown are care homes, which rely heavily on workers from abroad. Under proposals set out by the Labour government after May's local elections, overseas recruitment in the care sector will end within months, reversing an exemption introduced in 2022. The charity Care England described the decision as a 'crushing blow to an already fragile sector.' Operators say funding pressures prevent them from offering higher salaries, meaning the jobs often only appeal to overseas workers. The government has said employers will be able to hire migrants who are already in the UK until 2028. Other sectors are concerned by the changes. Pharmaceutical companies, for example, face extra paperwork and costs that could restrict scientists moving to the UK. The hospitality industry also depends on attracting workers from abroad, who will find it tougher to qualify for skilled worker visas under the new, higher pay threshold. You Might Also Like: A UK industry is still able to hire foreign workers under visa clampdown One large multinational British company is anticipating the changes to immigration rules will raise costs for its staffing moves, according to a person familiar with the matter, who asked not to be named given the sensitivity of the topic. Despite the likely financial impact, the person said the company didn't plan on raising the issue with the government and will instead absorb the additional expense. City Fears In the City of London, whose banks, law firms and professional services firms have long drawn skilled workers from overseas, there's rising anxiety. One City worker, who requested anonymity, is considering a move to Dubai or the US in order to fund his child's increased university fees and said he felt cheated by the changes the government is making. You Might Also Like: UK tightens student visa rules: Shorter stays, stricter checks, fewer perks Some individuals relocated to the UK to enable their children to study at British universities. Yet parents without settled status will now face as much as £50,000 in annual international fees, instead of £9,535 in domestic fees. 'We've got people that are in the UK who are coming to us and saying, 'I've been in the UK for three and a half years, I've made it my home, my kids are in school, I pay my taxes, I want to buy a house. But I can't now because I don't know if I'm going to be able to get a mortgage in five years time if I'm going to have to wait another six, seven years for ILR,'' said Seema Farazi, global immigration leader for government affairs and financial services at EY. The headline measures announced by the government to restrict immigration were not helping the UK's image with high-skilled migrant workers, she added. 'We have seen a lot of people who are looking at alternative options in different parts of the world.' As well as the extra years waiting for settled status, foreign bankers are also facing higher taxes relative to other global financial hubs, the end of the non-dom status that might have shielded their overseas wealth from UK tax and increasingly squeezed public services. One London employee at a major international investment bank, who spoke to Bloomberg on condition of anonymity, said she was now concerned about her position in the UK. She'd bought a house after relocating from Asia, in the confidence that she'd have permanent residency within five years and would be able to apply for a new job if she lost her current one. But she said in a fiercely competitive industry, it was far from clear that anyone would keep their role for a decade. Had she known it might be that long before she would gain settled status, she said she would not have come to the UK. Companies will also need to pay the UK's £1,000 annual immigration skill charge for five additional years until workers become settled. Large international banks are expected to largely absorb the increased bureaucratic burden but the task won't be feasible for every firm. Smaller firms will be particularly hard hit by the reforms, said Craig Beaumont, executive director of the Federation of Small Businesses, in a speech in May. 'Small business owners are not immigration officers,' he said. 'To attract and retain experienced international talent, we need to have access to long-term visas that are compatible with families moving to the UK,' said Arabella Ramage, legal and regulatory director at the insurance trade body Lloyd's Market Association. 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Mint
2 hours ago
- Mint
India's second richest person, Gautam Adani, drew THIS much pay in FY25 — see how he compares to peers
The FY25 remuneration of billionaire industrialist, Gautam Adani (62), who is the second richest person in India, was 'lower than most industry peers and his own key executives', according to a PTI report on June 8. India's second richest person drew from two out of the nine listed companies from his conglomerate. Notably, Gautam Adani is worth $82.5 billion, according to the Bloomberg Billionaire Index, and is also ranked 20th on the publication's 'World's Richest List' for 2025. Gautam Adani recieved a total remuneration of ₹ 10.41 crore in FY25 (fiscal year ended March 31, 2025), PTI reported citing the group companies' latest annual reports. In FY25, Gautam Adani got: ₹ 2.54 crore — comprising of ₹ 2.26 crore salary and ₹ 28 lakh perquisites — from Adani Enterprises (AEL), besides 2.54 crore — comprising of 2.26 crore salary and 28 lakh perquisites — from Adani Enterprises (AEL), besides ₹ 7.87 crore — comprising of ₹ 1.8 crore salary and ₹ 6.07 crore commission — from Adani Ports and Special Economic Zone (Adani Ports or APSEZ). This is 12 per cent more than the ₹ 9.26 crore total package he drew from AEL ( ₹ 2.46 crore) and Adani Ports ( ₹ 6.8 crore) in the previous fiscal year (FY24), the report added. Notably, just like other promoters, Gautam Adani also earns from dividends that the group companies may pay on earnings every year. Reportedly, Gautam Adani's package is comparitively lower than most other peers or head of large family-owned conglomerates in India. Reliance Industries's Chairman Mukesh Ambani has not been taking pay since the COVID-19 pandemic in 2019. Prior to that he had capped his package at ₹ 15 crore. 15 crore. Bharti Airtel's head Sunil Bharti Mittal drew ₹ 32.27 crore in FY24 (as FY25 annual report yet to be released), 32.27 crore in FY24 (as FY25 annual report yet to be released), Bajaj Industries' Rajiv Bajaj got ₹ 53.75 crore in FY24 (as FY25 annual report yet to be released), 53.75 crore in FY24 (as FY25 annual report yet to be released), Hero Motocorp's Pawan Munjal saw ₹ 109 crore pay in FY24 (as FY25 annual report yet to be released), 109 crore pay in FY24 (as FY25 annual report yet to be released), Infamous for his 90-hour work week remark, L&T Chairman SN Subrahmanyan recieved ₹ 76.25 crore in FY25, and 76.25 crore in FY25, and Infosys CEO Salil S Parekh drew ₹ 80.62 crore in FY25. Notably, these numbers do not include earning from dividends paid. The report noted that the salary earned by Gautam Adani is also lower than at least a couple of chief executives of his group companies. AEL CEO Vinay Prakash got ₹ 69.34 crore — including ₹ 4 crore salary and ₹ 65.34 crore in perquisites, allowances and variable incentives 'for exceptional operational and financial performance in the mining services and integrated resources management business of the company'. 69.34 crore — including 4 crore salary and 65.34 crore in perquisites, allowances and variable incentives 'for exceptional operational and financial performance in the mining services and integrated resources management business of the company'. Renewable energy firm Adani Green Energy's (AGEL) MD Vneet S Jaain got ₹ 11.23 crore, while Group CFO Jugeshinder Singh earned ₹ 10.4 crore in FY25. 11.23 crore, while Group CFO Jugeshinder Singh earned 10.4 crore in FY25. Son Karan Adani received ₹ 7.09 crore from APSEZ, while the company CEO Ashwani Gupta earned ₹ 10.34 crore. Variable pay for FY25 in both Karan and Gupta's case will be disbursed in FY26, the annual report said. 7.09 crore from APSEZ, while the company CEO Ashwani Gupta earned 10.34 crore. Variable pay for FY25 in both Karan and Gupta's case will be disbursed in FY26, the annual report said. Younger brother, Rajesh earned ₹ 9.87 crore from AEL while his nephew Pranav got ₹ 7.45 crore. His other nephew Sagar took home ₹ 7.50 crore from AGEL. 9.87 crore from AEL while his nephew Pranav got 7.45 crore. His other nephew Sagar took home 7.50 crore from AGEL. City gas arm Adani Total Gas CEO Suresh P Manglani was paid ₹ 8.21 crore in remuneration for 2024-25 and Adani Energy Solutions CEO drew ₹ 14 crore salary. 8.21 crore in remuneration for 2024-25 and Adani Energy Solutions CEO drew 14 crore salary. Adani Power CEO SB Khayalia drew ₹ 9.16 crore salary in FY25. (With inputs from PTI)


Hindustan Times
2 hours ago
- Hindustan Times
Gautam Adani's salary revealed: How his annual pay compares to other business honchos
Industrialist Gautam Adani received a total remuneration of ₹10.41 crore in the fiscal year that ended on March 31, 2025, higher than the previous fiscal but lower than that of his industry peers and, in some cases, even his executives. The 62-year-old is the second richest man in India in terms of net worth, but that doesn't reflect in the salaries he draws. PTI reported, citing annual reports of the listed entities of the Adani group, that Gautam Adani drew salaries from just two out of the nine listed companies in his ports-to-energy conglomerate. The salary did go up 12 per cent compared to ₹9.26 crore he had earned in the previous 2023-24 financial year. Gautam Adani's salary for 2024-25 came from two of the group's listed companies. The first one is the flagship firm Adani Enterprises Ltd (AEL), which paid him ₹2.26 crore salary and another ₹28 lakh in perquisites, allowances, and other benefits. The total earnings from AEL, at ₹2.54 crore, were higher than ₹2.46 crore in the previous fiscal year. He also drew ₹7.87 crore from Adani Ports and Special Economic Zone (APSEZ). ₹1.8 crore of it was the salary, and ₹6.07 crore was paid as commission. In the previous fiscal year, he had received ₹6.8 crore from APSEZ. Gautam Adani's salary is lower than the heads of almost all large family-owned conglomerates in India. Mukesh Ambani, the richest Indian, has forfeited his entire salary since the outbreak of COVID-19. Before the pandemic, he had capped his remuneration at ₹15 crore. But even if the Reliance chief is taken out of the list, Gautam Adani's remuneration is much lower than telecom czar Sunil Bharti Mittal, who earned ₹32.27 crore in 2023-24. Bajaj Group's Rajiv Bajaj got ₹53.75 crore, while Hero Motocorp's Pawan Munjal got ₹109 crore. These figures are from the financial year 2024. According to the FY25 figures, L&T Chairman S N Subrahmanyan earned a whopping salary of ₹76.25 crore, and Infosys CEO Salil S Parekh got ₹80.62 crore. Just like other promoters, Gautam Adani also earns from dividends that the group companies may pay on earnings every year. Adani's salary is lower than that of at least a couple of chief executives of his group companies. AEL CEO Vinay Prakash got ₹69.34 crore. Prakash's remuneration included ₹4 crore salary and ₹65.34 crore in perquisites, allowances, and variable incentives 'for exceptional operational and financial performance in the mining services and integrated resources management business of the company.' Renewable energy firm Adani Green Energy Ltd (AGEL) Managing Director Vneet S Jaain got ₹11.23 crore, while Group CFO Jugeshinder Singh earned ₹10.4 crore in FY25. Gautam Adani, who is worth $82.5 billion according to the Bloomberg Billionaire Index, has been jostling with Ambani for the spot of the richest person in Asia. He became the richest Asian in 2022 but lost that position after a damning report by US short-seller Hindenburg Research wiped out almost $150 billion of the market value of his group stock at its lowest point in 2023. He regained the top spot on two occasions last year but again ceded the position to Ambani.