Workers stage protest at Pune collector's office to support nationwide strike
2
3
Pune: Around 3,000 govt employees staged a protest at the collector's office in Pune to list their demands and criticise some of the policies taken by the central and state govt.
The protest was in line with the nationwide strike against some of the policies, including privatisation and the proposed Special Public Safety Act.
"Employees from public sector banks, Life Insurance Corporation of India (LIC), anganwadis, Asha workers, and Bharat Sanchar Nigam Ltd (BSNL) participated in the strike," Vasant Pawar, general secretary of the Centre of Indian Trade Unions (CITU), said.
You Can Also Check:
Pune AQI
|
Weather in Pune
|
Bank Holidays in Pune
|
Public Holidays in Pune
Workers from industrial areas of Chakan, Bhosari and Ranjangaon participated in a protest march from Khandobacha Maal in Akurdi to Bhakti Shakti Chowk in Nigdi.
The unions, among other demands, sought to include all categories of workers — contract, daily-wage and unorganised — under comprehensive labour laws with equal rights. They asked for bringing gig and platform workers under the ambit of the labour law framework and providing them with necessary benefits.
The workers also criticised the privatisation of public sector enterprises that would reduce job security and push essential services into the private sector.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Is it better to shower in the morning or at night? Here's what a microbiologist says
CNA
Read More
Undo
BSNL workers sought the strengthening of the company and the rollout of 4G and 5G networks.
"The public sector is at the core of our country's growth and development. It has now become the target for disinvestment. Even PSU banks and insurance companies are now being sought to be privatised. The stakeholders cannot afford to hand over these public savings to private entities," said CH Venkatachalam, general secretary of All India Banks' Employees Association (AIBEA).
Separately, worker unions of Maharashtra State Electricity Distribution Company Ltd called for a statewide strike on Wednesday to protest against the privatisation of state utilities. The protest was held at the MSEDCL Rasta Peth office.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
26 minutes ago
- Time of India
OPEC trims global oil demand for next four years
OPEC cut its global oil demand forecasts for the next four years on Thursday as Chinese growth slows, even as it lifted its longer-term view due to rising oil needs in the developing world and said there was no evidence demand had reached its peak. The OPEC+ producer group comprising the Organization of the Petroleum Exporting Countries plus allies including Russia is pumping more barrels to regain market share after years of cuts to support the market. Lower medium-term demand could make it harder for the group to unwind its other cuts, which remain in place until the end of 2026. World demand will average 105 million barrels per day this year, OPEC said in its 2025 World Oil Outlook published on Thursday. It expects demand to grow to average 106.3 million bpd in 2026 and then climb to 111.6 million bpd in 2029. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like AI is helping small businesses increase productivity. Insider Learn More Undo The forecasts for demand in 2026 through 2029 are all lower than last year. Demand will average 106.3 million bpd in 2026, OPEC said, down from 108 million bpd seen last year. The 2029 forecast is down 700,000 bpd from last year's figure. At the same time, OPEC expects demand to grow for a longer period than other forecasters, including BP and the International Energy Agency , which expect oil use to peak this decade. Live Events "Oil underpins the global economy and is central to our daily lives," said OPEC Secretary General Haitham Al Ghais in the foreword to the report. "There is no peak oil demand on the horizon." OPEC said demand had completed its recovery from the COVID-19 pandemic , resulting in a more predictable outlook. Growth is also slowing in China, OPEC said, the country that has driven oil use higher for the last few decades. "This comes on the back of slower economic growth, the faster penetration of EVs and related charging infrastructure and continued oil substitution in several sectors," OPEC said with reference to China. Gap with IEA OPEC kept its forecast that demand in 2030 will average 113.3 million bpd unchanged from last year. By contrast, the International Energy Agency expects global demand to peak at 105.6 million bpd by 2029 and then fall slightly in 2030, the adviser to industrialised countries said last month. For the longer term, OPEC expects India, the Middle East and Africa to drive growth. Developments such as the U.S. exit from the United Nations climate pact and a slower EV penetration rate in Europe will probably have spillover effects into developing countries , which need more energy, OPEC said. OPEC expects world oil demand to reach 122.9 million barrels per day by 2050, up from 120.1 million bpd expected in last year's report. That's far above other 2050 forecasts from the industry such as that of BP. OPEC has been calling for more oil industry investment and said the sector needs $18.2 trillion to be spent to 2050, compared with $17.4 trillion needed as estimated last year.
Time of India
27 minutes ago
- Time of India
Trump's 50% levy on Brazil shows world nothing is off limits
Donald Trump threatened to impose a 50% tariff on Brazil over its domestic political affairs, the most extreme case yet of the US president weaponizing trade policy to make unrelated demands. Trump cited the treatment of former President Jair Bolsonaro — a right-wing populist leader — in his letter to Brazil on Wednesday, calling on authorities to drop charges against him over an alleged coup attempt. 'This Trial should not be taking place. It is a Witch Hunt that should end IMMEDIATELY!' Trump wrote in the letter. Brazil's leftist leader Luiz Inacio Lula da Silva fired back in a social media post, saying his nation will not be 'tutored' by anyone. He added that the case against those who planned a coup is a matter solely for the country's justice system and 'not subject to interference or threat.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like A failing liver is taking anshuman away! Please help him! Donate For Health Donate Now 'Any unilateral rate hikes will be responded to using Brazil's economic reciprocity law,' Lula wrote. 'The sovereignty, respect and intransigent defense of the Brazilian people's interests are what guide our relations with the world.' Trump's latest threat, against a nation that sells fewer goods to the US than it buys, risks reinforcing concerns that formal trade agreements may offer limited protection against future tariff hikes. It also again shows that the rates Trump unveiled in April on 'Liberation Day' carry little meaning. Live Events Read More | Trump imposes 50% tariff on Brazil, Lula warns of 'reciprocal measures' Trump has previously used tariff threats to accomplish other geopolitical goals. In January, he announced sweeping tariffs on Colombia before abruptly pulling the threat after reaching a deal on the return of deported migrants. He's also put 20% tariffs on China for its alleged failure to stop the flow of fentanyl to the US, and threatened BRICS nations with higher duties for undermining the dollar. Unprecedented Still, it's unprecedented for the US to add a tariff onto a foreign country to stop a judicial proceeding, according to Stephen Olson, visiting senior fellow at ISEAS–Yusof Ishak Institute and a former US trade negotiator. 'It signals to US trade partners that any and all issues that catch Trump's attention could become a problematic part of the trade agenda,' Olson said. 'It also raises questions as to whether the reciprocal tariff negotiations will ever really settle anything.' So far, Trump's flurry of new warnings have done little to rattle global markets as they did when the so-called reciprocal tariffs were announced in April, with traders focusing on Trump's overall extension of the deadline to Aug. 1. That's effectively given trading partners an extension for talks as skepticism persists on Wall Street that he will follow through on his import taxes. Currency hit But the move on Brazil shook the real, which slumped as much as 2.9% against the US dollar. US equity futures retreated amid uncertainty over the Trump administration's trade policies, with S&P 500 contracts slipping 0.2%, even as stocks gained in Europe and Asia. The Brazil letter was one of several sent by Trump on Wednesday. He levied a 30% rate on Algeria, Libya, Iraq and Sri Lanka, with 25% duties on products from Brunei and Moldova and a 20% rate on goods from the Philippines. They were largely in line with rates Trump previously announced, though he lowered them for Iraq and Sri Lanka while raising them on the Philippines, a US ally. Brazil is the first country to receive one of Trump's tariff notifications that was not on the initial list of trading partners when he announced higher so-called reciprocal tariffs in April. And the letter to Brazil also presents a warning shot to the BRICS group of developing nations, which Trump has cast as a threat to the US dollar's status as the world's key currency. Bloomberg Read More | No Trump letter for India, yet: What's happening Brazil is unusual among Trump's most recent tariff targets because it runs a deficit in trade with the US, while almost all the others post large surpluses. In 2024, Brazil imported some $44 billion of American products, while US imports from Brazil were around $42 billion, according to the Census Bureau — putting it among the top 20 American trading partners. Asked what formula he was using to determine the appropriate duty rate for trading partners, Trump told reporters at a White House event on Wednesday that it was 'based on common sense, based on deficits, based on how we've been over the years, and based on raw numbers.' 'They're based on very, very substantial facts, and also past history,' he said. Trump added to uncertainty earlier this week by claiming he was 'not 100% firm' on that new cut-off date for talks. He has since sought to signal to investors and trading partners that he is committed to carrying out his tariff threats, vowing Tuesday that 'all money will be due and payable starting AUGUST 1, 2025 — No extensions will be granted' on country-specific levies. Deputy Treasury Secretary Michael Faulkender on Wednesday indicated that even if tariffs kicked into effect, negotiations could continue beyond the August deadline. 'There's enormous progress that has been made with many of these countries, and for some of them it is just finalizing some of the terms of the framework,' he said in an interview with Bloomberg Television. 'Now obviously, the details of the trade agreement will be worked out well beyond August 1st, but a general framework is the objective to have by August 1st.' Still, the Brazil threat signaled that even if nations strike trade deals with the US by the Aug. 1 deadline, they may still face tariff escalation afterward, according to economists at Barclays Plc. led by Brian Tan. BRICS, Copper 'We suspect President Trump's announcement of a 50% tariff on Brazil is likely to erode Emerging Asian policymakers' confidence that a deal would put an end to uncertainty over US trade policy,' they wrote. The president has also raised the stakes for two key trading partners, saying the European Union could receive a unilateral tariff rate soon despite progress in negotiations, and vowing to hit India with an additional 10% levy for its participation in the BRICS. He has raised the specter of more industry-specific tariffs, as well, floating a 50% rate on copper products that sent that metal climbing as high as 17% in New York on Tuesday, a record one-day spike. He also pitched tariffs as high as 200% on pharmaceutical imports if drug companies don't shift production to the US in the next year. Read More | Trump tariffs aim to settle scores with countries, no matter their size While Trump has touted his tariff notification letters as deals, even the actual agreements he has managed to strike during the negotiating period with the UK and Vietnam have been far short of comprehensive, leaving many details unclear. Trump also secured a truce with China to lower rates and ease the flow of critical earth minerals. The result of Trump's criticism of BRICS economies and his high tariff threats may end up being that it only brings those economies closer together, according to Steven Okun, founder and CEO of APAC Advisors. 'It signals that countries should continue to expect Trump to use tariffs to get what he wants — and there's limited scope for a reprieve,' he said by phone. 'He can add tariffs for whatever reason at any time."
New Indian Express
34 minutes ago
- New Indian Express
TCS Q1 FY26 Results: Why they impact all other IT stocks
CHENNAI: On Thursday, July 10, India's benchmark indices dipped modestly as investors grew cautious ahead of Tata Consultancy Services' (TCS) quarterly earnings announcement. The Nifty 50 declined by 0.19% and the Sensex by 0.16%, with weakness led by the IT sector. The Nifty IT index fell approximately 0.7% in early trade. TCS is scheduled to announce its Q1 FY26 results after market hours today. Investor Sentiment Before Results TCS shares opened around 0.5% lower, reflecting investor expectations of a subdued quarter. Market participants pointed to a slowdown in ramp-ups of certain deals and client-specific headwinds, including the phased-out BSNL contract, as key concerns. Leading brokerages anticipated a slight sequential decline in TCS's revenue and profit for Q1 FY26. Revenue was expected to drop between 0.2% and 3.4% quarter-on-quarter in constant currency, primarily due to the loss of BSNL-related revenue. Margins were projected to remain under pressure amid muted growth and operating leverage constraints. Investors and analysts were also closely watching for updates on TCS's GenAI-related contracts and the strength of its deal pipeline, given the growing industry focus on artificial intelligence-driven services. An analyst from a foreign brokerage noted that external factors such as ongoing uncertainty around U.S. tariffs and delayed trade negotiations were contributing to investor caution. Additionally, rising global inflation could weigh on corporate IT spending, particularly among TCS's U.S.-based clients. Outlook A strong earnings performance by TCS has the potential to boost sentiment across the entire IT sector, often setting the tone for the broader IT earnings season. Key indicators for investors to monitor include trends in the order book and traction in GenAI initiatives during TCS's and its peers' upcoming earnings calls. Broader macroeconomic developments in the U.S., including tariff policies and trade relations, remain significant as they can influence client spending patterns. Currency fluctuations and inflation trends will also be critical factors impacting margins and deal valuations in the near term.
