
Gujarat gig worker unions back Sahakar Taxi initiative
Ahmedabad: Gujarat-based gig worker unions lent their support to the govt's
during a key roundtable held in New Delhi. Organised by Jan Pehal, IFAT, NCCPTE, and the Gig Workers Association, the meeting focused on creating a cooperative-driven future for platform workers.
Tired of too many ads? go ad free now
The initiative aims to transition app-based drivers into member-owners of a multi-state cooperative, ensuring fair profit-sharing, social security, and workplace rights. Colonel Himanshu, chief director at the NCDC, confirmed that registration of the cooperative society is in its final stages and rollout will follow in the coming months.
Gujarat was represented by Kishan Patni of the Ahmedabad Auto Chalak Ekta Union and Vanraj Gadhvi of the Ahmedabad Taxi Drivers Union. Both leaders highlighted the exploitative conditions app-based drivers face and welcomed the cooperative model as a path to self-reliance.
"The idea is to organise the system in a way that driver members' rights in terms of wages as well as their interests are protected. This will give dignity and economic security to lakhs of workers," said Gadhvi.

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


Scroll.in
33 minutes ago
- Scroll.in
SEBI probe into Adani stalled as ‘tax-haven' countries not sharing information, alleges Congress
The Congress on Monday alleged that the Securities and Exchange Board of India investigation into transactions involving the Adani Group has been hindered due to a lack of sharing of financial information by tax-haven countries and insufficient 'pressure' from the Indian government to secure the data. The Opposition party also claimed that a key figure in the alleged Adani 'scam' holds Cypriot citizenship. The statement came amid Prime Minister Narendra Modi's visit to Cyprus. The Adani Group and its 13 offshore investors have been facing an investigation by the Securities and Exchange Board of India since United States-based firm Hindenburg Research alleged in January 2023 that the conglomerate was pulling off the ' largest con in corporate history '. In a report, it claimed that the Adani Group was involved in stock manipulation, accounting fraud and money laundering. The Adani Group has rejected the allegations and denied any wrongdoing. But the report had triggered a rout in stocks of the conglomerate's seven listed companies, which collectively lost more than $100 billion in market valuation. '[Prime Minister] would have us believe that it is a pure coincidence that a key figure in the Modani scam has a Cypriot citizenship,' Congress leader Jairam Ramesh claimed in a social media post. He also claimed that the Cyprus-based fund New Leaina has 'reportedly about $420 million in Adani companies'. Ramesh alleged that 'the 'ultimate beneficial owners' of this fund are linked to Amicorp', a firm he claimed is believed to have set up at least seven Adani promoter entities, seven offshore shell companies connected to businessman Gautam Adani's brother Vinod Adani and three Mauritius-based offshore investors in Adani Group stock.


New Indian Express
36 minutes ago
- New Indian Express
RBI's repo cut: Competition drives rapid loan rate reductions
CHENNAI: Unlike in the past, most leading commercial banks in India have promptly passed on the repo rate cut announced by the Reserve Bank of India (RBI) to their customers, resulting in a much quicker transition. The RBI implemented a 50 basis point (bps) reduction in the repo rate on June 6, lowering it from 6.25% to 5.75%. This move aims to stimulate economic growth by making borrowing more affordable and encouraging investment, particularly in sectors such as housing and micro, small, and medium enterprises (MSMEs). Following the RBI's policy rate cut, the State Bank of India (SBI), the country's largest lender, announced reductions in its lending rates—cutting the Repo Linked Lending Rate (RLLR) by 50 bps to 7.75% and the External Benchmark Based Lending Rate (EBLR) to 8.15%. According to SBI, the revised rates are effective from June 15, 2025, and apply to both new and existing borrowers. SBI's move has influenced other major banks to follow suit. Bank of Maharashtra reduced retail loan rates by up to 50 bps, effective June 10, 2025. HDFC Bank, Canara Bank, and Bank of Baroda also implemented reductions in their Marginal Cost of Funds-Based Lending Rates (MCLR), making loans more affordable for consumers.


India.com
37 minutes ago
- India.com
Meta Appoints Arun Srinivas As India Head; Role To Begin On July 1, 2025
Arun Srinivas Meta India Head: Meta, the parent company of the US-based social media giant Facebook, has appointed marketing veteran Arun Srinivas as its new Managing Director and Head for India. Srinivas, who has been serving as Director and Head of the Ads Business at Meta India since 2022, will replace Sandhya Devanathan in the role, effective July 1, 2025. This appointment follows Meta's decision to expand the role of its India Vice President, Sandhya Devanathan, who now also leads the tech giant's Southeast Asia business. Under the new role, Srinivas will oversee business strategy and revenue growth for India across all Meta platforms and business segments, and will continue to be part of the India leadership team. He will focus on strategic revenue priorities such as AI, Reels, and Messaging. Notably, Arun Srinivas will continue to report to Sandhya Devanathan. Who Is Arun Srinivas? According to his LinkedIn profile, Arun Srinivas has been with Meta for over four years and ten months, joining the company in September 2020. He first served as Director and Head of Meta's Global Business Group until September 2022, before taking charge of the tech giant's advertisement business in India. Before joining Meta, Srinivas built a strong career working with several major companies. He started out in 1996 as a Product Manager at Reebok. After over five years there, he joined Unilever as a Branch Sales Manager and went on to become the Vice President of Foods South Asia during his 15-year stint at the company. In 2017, he joined Bengaluru-based WestBridge Capital Partners as an Operating Advisor for two and a half years. Srinivas later became Chief Operating Officer (COO) and Global Chief Marketing Officer (CMO) at Ola in 2019, before moving to Meta in 2020. Arun Srinivas' Education He completed his Bachelor of Science degree from the University of Madras in 1993. Srinivas then earned a Post-Graduate Diploma in Management (PGDM) in Marketing from IIM Calcutta in 1996. In 2007, he also attended an Executive Education program in Strategic Customer Management at the Kellogg School of Management, Northwestern University in the USA.