Govt policies focus on jobs, demographic dividend: Mansukh Mandaviya
industrial ecosystem
that generates employment, trickles down the
work culture
of top organisations to smaller organisations, and harnesses the country's
demographic dividend
, said
Mansukh Mandaviya
, minister of labour and employment, youth Affairs, and sports.
"The
internship scheme
will help spread the work culture of the premium 500 companies through these youths, as they can help the downstream companies through their learnings during the internship to adopt the work culture of
premium companies
," Mandaviya said at FICCI's "3rd Global Industries Relations Summit".
The industrial ecosystem will benefit holistically as
downstream industries
improve their work system, which will result in developing an international standard work culture in these industries, Mandaviya added.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
18 hours ago
- Mint
TCS layoffs: '12,000 is a very huge number' — Karnataka minister says will look into labour law leniency
India's largest IT services provider Tata Consultancy Services (TCS) had recently announced its plans to lay off 12,261 employees, or about 2 per cent of its global workforce, this year. The majority of those impacted belong to middle- and senior-level employees. Reacting to the development, Karnataka Labour Minister Santosh Lad on Thursday said that his government will look into labour law leniency given to sunrise companies in the state. 'TCS laying off 12,000 is alarming; will look into labour law leniency given to sunrise companies,' Santosh Lad told PTI. "Something unique this is because all of a sudden 12,000 people, that too TCS, is a very huge number… it is an alarming one; our people are talking to them… I will also get to know the reason beyond it… will look into labour law … leniency has always been given to sunrise companies," said Minister Santosh Lad was quoted as saying in a Hindustan Times report. According to a separate report by PTI, the IT ministry is keeping a close watch on the situation arising out of TCS's decision to lay off over 12,000 employees. The ministry is concerned and will go into the underlying causes that prompted the move. Meanwhile, the Nascent Information Technology Employees Senate (NITES) has approached Union Minister for Labour and Employment Mansukh Mandaviya and urged that the government issue a notice to TCS seeking an explanation. As of June 30, 2025, the TCS workforce stood at 613,069. It raised its workforce by 5,000 in the first quarter ended June 30, 2025 of the fiscal year 2026. The move is part of the IT company's broader strategy to become a 'future-ready organisation', focusing on investments in technology, AI deployment, market expansion, and workforce realignment, TCS had said in a statement. 'Towards this, a number of reskilling and redeployment initiatives have been underway. As part of this journey, we will also be releasing associates from the organisation whose deployment may not be feasible. This will impact about 2 per cent of our global workforce, primarily in the middle and the senior grades, over the course of the year,' it said. The company had said it will provide appropriate benefits, outplacement, counselling, and support to the impacted employees. The development comes at a time when India's top IT services companies have delivered single-digit revenue growth in the first quarter of FY26, capping off a somewhat sobering June quarter, as macroeconomic instability and geopolitical tensions weighed on global tech demand and delayed client decision-making. Headquartered in Mumbai, TCS is a part of the Tata Group and operates in 150 locations across 46 countries. On Thursday, the IT bellwether stock was trading 0.34 per cent lower at the BSE.
India.com
20 hours ago
- India.com
More bad news for Ratan Tata's TCS after it plans to lay off 12000 employees, case filed by..., crucial meeting on...
(File) Once known for offering stable jobs with impressive salaries, Tata Consultancy Services (TCS), is set to lay off about 2 per cent, or 12,261 employees, of its global workforce this year, with the majority of those impacted belonging to middle and senior grades. In an official statement, TCS stated that the move is part of the company's broader strategy to become a 'future-ready organisation', focusing on investments in technology, AI deployment, market expansion, and workforce realignment. It is to be noted that TCS is India's largest IT services firm. As of June 30, 2025, TCS's workforce stood at 6,13,069. It increased its workforce by 5,000 employees in the recently concluded April-June quarter. Earlier, the Nascent Information Technology Employees Senate (NITES) approached Union Minister for Labour and Employment Mansukh Mandaviya and urged that the government issue a notice to TCS seeking an explanation. The IT employees' union has termed TCS's latest move as unethical, inhumane, and outright illegal. Calling the move a blatant and wilful violation of the law, NITES alleged, 'The law clearly states that no employee who has served for over a year can be retrenched unless the company provides one month's notice or wages in lieu, pays statutory retrenchment compensation, and notifies the government. TCS has not complied with any of these legal requirements,' reported news agency PTI. According to MoneyControl report, it is also noted that Karnataka State IT/ITeS Employees Union (KITU) filed a complaint on July 30. The representatives of the employee union met Additional Labour Commissioner G. Manjunath and filed an industrial dispute against TCS relative to its planned mass layoffs in the financial year 2026. The report further mentioned that the union is demanding legal action against TCS management for allegedly violating the provisions of the Industrial Disputes Act, 1947, along with breaching conditions set by the Government of Karnataka related to the mandatory reporting of employee service details. In a statement, the Union stated,' According to the Industrial Disputes Act, companies employing more than 100 workers are required to obtain prior approval from the government before carrying out any layoffs or retrenchments. Such retrenchments are permitted only for specific reasons and under conditions clearly defined in the Act. This well-established and consistently upheld labour jurisprudence has been violated by the TCS management, which has resorted to the criminal practice of forcing employees to resign.'
Business Standard
a day ago
- Business Standard
FICCI voices disappointment over US decision to impose 25% tariff on export from India
The Federation of Indian Chambers of Commerce and Industry (FICCI) has voiced strong disappointment over the United States recent decision to impose a 25% tariff and secondary sanctions on exports from India, effective from August 1, 2025. The announcement, made by US President Donald Trump, has sparked concern among Indian exporters, with FICCI warning that the move could have a significant impact on bilateral trade. Harsha Vardhan Agarwal, President of FICCI, said: FICCI is disappointed by the decision taken by the US to levy a 25% tariff on exports from India and impose secondary sanctions. While this move is unfortunate and will have a clear bearing on our exports, we hope that this imposition of higher tariffs will be a short-term phenomenon and that a permanent trade deal between the two sides will be finalised soon. He underscored the importance of the IndiaUS relationship, describing it as a long-standing partnership that encompasses key sectors such as technology, defence, energy and advanced manufacturing. There is a lot our two countries can achieve together, he added, expressing optimism that ongoing negotiations will yield outcomes beneficial to both nations. India and the US have been engaged in negotiations for a Bilateral Trade Agreement (BTA) since the beginning of 2025. The US remains a critical market for Indian exporters, both in goods and services, and Indian industry is keen to establish a long-term, stable trade framework. FICCI reiterated the position of the Indian government that national interest will take precedence over arbitrary deadlines in the negotiation process. Our Honble Commerce and Industry Minister has made it clear that India will prioritise securing a comprehensive and beneficial pact over rushing into a deal that may have negative long-term consequences, Agarwal noted. He also highlighted the strategic significance of the Indian market for American companies, many of which rely on Indias demand, skilled workforce, and innovation capacity. India offers considerable opportunities for US businesses, and we believe this mutual interdependence should be reflected in a fair and forward-looking trade agreement, he concluded.
