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Hans India
2 hours ago
- Business
- Hans India
CITU Launches Protest Demanding Pending Salaries for Hostel Worker
Gadwal: In a strong show of support for long-neglected hostel workers, the Centre of Indian Trade Unions (CITU) staged a protest rally on Tuesday demanding immediate disbursement of pending wages. The rally began at the old Collector's office and culminated in a dharna (sit-in protest) in front of the District Collectorate. District Secretaries A. Venkataswamy and V.V. Narasimha declared that the fight will continue until every worker receives their rightful wages. The protest highlighted the financial distress faced by workers due to the non-payment of salaries for 6 to 7 months. Seven Months Without Pay: Workers in Crisis According to the CITU leaders, SC hostel workers have not received their salaries for seven months, and BC hostel workers have gone unpaid for six months. They criticized the government for ignoring essential service providers, comparing hostel workers' duties to those in emergency services. 'How are workers' families supposed to survive without salaries for months?' questioned the leaders during the protest. Demand for Direct Payment Through Corporations CITU demanded that the government disburse wages directly through the SC and BC Welfare Corporations, bypassing third-party agencies, to ensure timely and transparent payment. They also condemned district welfare officials, accusing them of negligence and irresponsibility, which has led to failures in depositing PF (Provident Fund) and ESI (Employee State Insurance) contributions into workers' accounts. Allegations of Arbitrary Appointments and Exploitation Leaders alleged that favoritism and irregular appointments have become rampant. Workers are being shuffled arbitrarily between pre-matric and post-matric hostels, often at the whims of local officials. In the BC college hostel, workers have reportedly not shown up for four months, and the workload is falling entirely on just two individuals. This scenario is repeating across many hostels in the district, resulting in severe overwork and exploitation. They also accused past and current officials of making unauthorized appointments without issuing proper notifications, denying long-serving workers official recognition and security. Key Demands Presented to Authorities The protest concluded with the submission of a petition to Additional Collector Lakshmi Narayana, listing several key demands: Immediate release of pending wages Issuance of appointment letters and job charts specifying each worker's role Proper PF and ESI deposits into worker accounts Regularization and recognition of long-time workers End to arbitrary postings and political favoritism in hostel appointments Warning of Larger Agitation CITU warned that if the government fails to address these concerns promptly, the union will launch a long-term agitation across the district and state. Protest Led by Worker and Union Leaders The protest saw participation from: Ranjith Kumar and Anand Raju (District President & Secretary, Hostel Workers' Union), Upper Narasimha (CITU District Vice President), Jayakar (District Treasurer, Hostel Workers' Union) Shashikala, Lakshmi (Vice Presidents) Pravalika, Chintarevula (Assistant Secretaries) Gopal, Haimavati, Ramakrishna, Anji, Sridevi, Padma, and several other workers.
NDTV
7 days ago
- Business
- NDTV
From EPFO To Fixed Deposit Rate Change: Key Financial Changes From June 1
Starting June 1, 2025, several important financial changes will come into effect in India, potentially impacting your savings, credit card usage, and Provident Fund access. Here's what to expect: EPFO 3.0 Rollout The Employees' Provident Fund Organisation will launch its upgraded EPFO 3.0 system from June 1. The new system aims to simplify PF withdrawals, streamline KYC updates, and speed up claim processing. A major highlight is the planned introduction of ATM-like cards to enable easier and quicker access to EPF funds. Axis Bank Credit Card Rule Updates From June 20, Axis Bank will revise how it classifies credit card transactions. The update will clarify which transactions are excluded from reward points and fee waivers, helping customers better understand their card benefits. Fixed Deposit Interest Rate Revisions Banks such as HDFC Bank and Axis Bank have already reduced their FD interest rates, and more banks may follow from June 1. With current rates ranging between 6.5% and 7.5%, financial experts advise investors to **lock in their deposits now to secure higher returns before potential rate cuts. In May, customers had to shell out a little extra while withdrawing cash from ATMs. After exhausting their free monthly limit, they were required to pay Rs 23 per transaction, up from the earlier Rs 21. Customers were allowed: Five free transactions per month (both financial and non-financial) at ATMs of their own bank. Three free transactions per month at ATMs of other banks in metro cities. Five free transactions per month at ATMs of other banks in non-metro areas.
Economic Times
27-05-2025
- Automotive
- Economic Times
Tata Motors shares in focus as global tax outgo touches Rs 38,892 cr in FY25
Live Events Tata Motors share price history (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Tata Motors are likely to be in the spotlight on Tuesday after the automaker revealed in its inaugural Tax Transparency Report that it paid Rs 38,892 crore in global taxes and other contributions for marks a decline of 1% from Rs 39,344 crore in dip came primarily due to a drop in direct tax contributions, which stood at Rs 25,766 crore in FY25, compared to Rs 29,199 crore the previous year. However, this decline was offset to some extent by a significant jump in indirect tax outgo, including withholding and payroll taxes, surged 31% year-on-year to Rs 12,189 crore, up from Rs 9,284 crore in contributions, such as provisions for Provident Fund and Employee Pension Scheme, stood at Rs 937 crore in FY25, slightly higher than Rs 861 crore in the prior the slight decline in tax outgo, Tata Motors reported a consolidated net profit of Rs 28,149 crore for FY25, down from Rs 31,807 crore in FY24. Total revenue for the year came in at Rs 4,39,695 crore, up from Rs 4,34,016 crore in the previous the past year, Tata Motors' stock has declined by 24.12%. On a year-to-date (YTD) basis, it is down by 2.70%, while the six-month return stands at a negative 6.92%.However, the stock has shown signs of recovery more recently, rising 10.17% over the last three months and gaining 11.33% in the past Monday, the shares of Tata Motors closed 1.5% higher at Rs 729.05 on the BSE : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
27-05-2025
- Automotive
- Time of India
Tata Motors shares in focus as global tax outgo touches Rs 38,892 cr in FY25
Shares of Tata Motors are likely to be in the spotlight on Tuesday after the automaker revealed in its inaugural Tax Transparency Report that it paid Rs 38,892 crore in global taxes and other contributions for FY25. This marks a decline of 1% from Rs 39,344 crore in FY24. The dip came primarily due to a drop in direct tax contributions, which stood at Rs 25,766 crore in FY25, compared to Rs 29,199 crore the previous year. However, this decline was offset to some extent by a significant jump in indirect tax contributions. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Indirect outgo, including withholding and payroll taxes, surged 31% year-on-year to Rs 12,189 crore, up from Rs 9,284 crore in FY24. Other contributions, such as provisions for Provident Fund and Employee Pension Scheme, stood at Rs 937 crore in FY25, slightly higher than Rs 861 crore in the prior fiscal. Live Events Despite the slight decline in tax outgo, Tata Motors reported a consolidated net profit of Rs 28,149 crore for FY25, down from Rs 31,807 crore in FY24. Total revenue for the year came in at Rs 4,39,695 crore, up from Rs 4,34,016 crore in the previous fiscal. Also read: Eternal shares drop 4.5% on foreign shareholding cap Tata Motors share price history Over the past year, Tata Motors' stock has declined by 24.12%. On a year-to-date (YTD) basis, it is down by 2.70%, while the six-month return stands at a negative 6.92%. However, the stock has shown signs of recovery more recently, rising 10.17% over the last three months and gaining 11.33% in the past month. On Monday, the shares of Tata Motors closed 1.5% higher at Rs 729.05 on the BSE . ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
27-05-2025
- Automotive
- Time of India
Tata Motors global tax outgo at ₹38,892 crore in FY25
Tata Motors has paid ₹38,892 crore in tax and other contributions globally in 2024-25, a dip of 1 per cent as compared with ₹39,344 crore in the FY24, according to its inaugural Tax Transparency Report. Direct contributions, including, corporate income tax, surcharge and cess stood at ₹25,766 crore last fiscal as compared with ₹29,199 crore in 2023-24 fiscal, as per the report. Indirect contributions, including withholding taxes collected from employee/payroll taxes, stood at ₹12,189 crore in FY25, an increase of 31 per cent against ₹9,284 crore in 2023-24 fiscal. Other contributions, including provisions for Provident Fund and Employee Pension Scheme, stood at ₹937 crore last fiscal. It stood at ₹861 crore in 2023-24 financial year. For the 2024-25 fiscal, the company's consolidated net profit stood at ₹28,149 crore, compared to ₹31,807 crore in the preceding financial year. Its total revenue in FY25 was ₹4,39,695 crore, as against ₹4,34,016 crore in FY24. Tata Motors shares on Monday ended 1.52 per cent up at ₹729.05 apiece on BSE.
