Maharashtra contractors warn of state-wide protest if Rs 80,000 crore dues not paid
The Maharashtra Contractors Association, which claims to represent about three lakh members in 35 districts of the state, plans to launch a mass awareness campaign and a large-scale protest if the government does not meet the deadline for payments.
'The government has chosen to remain silent, but we will not,' the association's president Milind Bhosale told CNBC-TV18. 'If needed, we will take this agitation to every corner of Maharashtra.'
The association has claimed that payments to the tune of Rs 38,000 crore are pending from the state public works department, Rs 6,500 crore from the rural development department, Rs 12,000 crore from the water conservation and water resources department and Rs 4,217 crore from the urban development department.
Bhosale said the association has filed a petition in the Bombay High Court against the rural development department, CNBC-TV18 reported. He added that if its demands are not met by June 10, it will file another petition against the public works department.
'We wrote to Chief Minister Devendra Fadnavis again a couple of days ago,' he told the channel. 'But still, there is no sign of us getting our money.'
In February, the contractors had gone on strike for a week to protest the dues. They had alleged that the government had not paid them since July last year, although it was allocating money for initiatives like the Ladki Bahin Scheme for monthly payments to women, The Times of India reported.
At the time, Maharashtra Public Works Department Minister Shivendraraje Bhosle said he had asked for Rs 10,000 crore to be released at the earliest for the contractors, according to The Indian Express.
'I have spoken to the chief minister and finance minister,' the minister had told the newspaper. 'Both are positive regarding the demands raised by contractors. The government is positive about our demand of Rs 10,000 crore to be released at the earliest.'
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
10 minutes ago
- Time of India
Defamation case against Rahul Gandhi: Hearing deferred to Aug 8
The defamation case against Rahul Gandhi was adjourned in the MP-MLA court due to lawyers' abstention, rescheduling the hearing for August 8. BJP leader Vijay Mishra filed the suit in 2018, alleging objectionable remarks against Amit Shah during the Karnataka elections. Gandhi, who surrendered and received bail earlier this year, recently claimed innocence, alleging a political conspiracy. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads The hearing in a defamation case against Congress leader Rahul Gandhi was adjourned on Thursday in the MP-MLA court due to lawyers abstaining from court has now fixed August 8 as the next date of case dates back to 2018, when BJP leader Vijay Mishra filed a defamation suit against Gandhi, alleging that the Congress leader had made objectionable remarks against Union Home Minister Amit Shah during the Karnataka Assembly election Santosh Kumar Pandey, appearing on behalf of Vijay Mishra, said the court was the hearing had to be deferred due to lawyers asbstaining from work due to Bar association MP-MLA court had issued a warrant against Rahul Gandhi in December February 2024, Gandhi surrendered before the court and was granted bail on two sureties of Rs 25,000 July 26, 2024, Gandhi recorded his statement in court, claiming innocence and stating that the case was part of a political conspiracy against him.
&w=3840&q=100)
First Post
10 minutes ago
- First Post
Why Gen Zers are becoming 'sus' about getting college degrees
A recent survey by ResumeGenius, which polled 1,000 full-time Gen Z workers across the US, shows that young adults have second thoughts about getting college degrees. While every one in four Gen Zers admitted they regret getting degrees, others wish they had picked a more lucrative field. So, what's fuelling Gen Z's ick towards colleges? read more A recent survey by ResumeGenius, which polled 1,000 full-time Gen Z workers across the US, shows that many young adults are having second thoughts about their college experience. Image for Representation. For teens coming of age in the late 2010s and early 2020s, the message was clear (and taught by most parents): finish school, go to college, and you'll land a secure job. It was seen as a guaranteed path to success. But Gen Z isn't so sure anymore. With college costs soaring, student debt piling up, and many graduates struggling to find stable work, that promise feels shaky. Add to that the rise of artificial intelligence changing entire industries, and it's no surprise more young people are asking: Was college really worth it? STORY CONTINUES BELOW THIS AD 1 out of 4 GenZs feel college was not worth it A recent survey by ResumeGenius, which polled 1,000 full-time Gen Z workers across the US, shows that many young adults are having second thoughts about their college experience. Some say they wish they had studied something else, or skipped college altogether. About one in four Gen Zers admitted they regret going to college or wish they had picked a more lucrative field, like tech, healthcare, engineering, or finance. 'Many Gen Z students feel they were told college was the only path, only to see people with strong degrees underemployed or overlooked,' said Allison Danielsen, CEO of career platform Tallo, in a conversation with Fortune. She added that students are now 'questioning whether college still delivers real value.' Tallo also conducted its own survey of over 2,000 people aged 18 to 30. They found that 62 per cent weren't even working in the field they'd originally intended to pursue. About one in four Gen Zers admitted they regret going to college or wish they had picked a more lucrative field, like tech, healthcare, engineering, or finance. Image for Representation. Meanwhile, 25 per cent said they're actively struggling to find jobs in their chosen industry, leading many to wonder whether the time, effort, and money spent on a degree was worth it. Only about a third of Gen Z workers reported being happy with their current career path. And when you look at the numbers, it's easy to see why there's growing frustration. With average tuition nearing $38,000 (Rs 32.8 lakh) a year and Gen Z students carrying an average of $23,000 (Rs 19.8 lakh) in debt, college is starting to feel like a pricey gamble with no guaranteed payoff. STORY CONTINUES BELOW THIS AD It's not just students, even parents are rethinking things. A separate survey by American Student Assistance of more than 3,000 middle and high schoolers found that 70 per cent of teens say their parents are now more open to alternatives like trade schools or apprenticeships over traditional college. 'Parents are waking up. College doesn't carry the same [return on investment] it once did because the cost is outrageous, and the outcome is uncertain,' Trevor Houston, a career strategist at ClearPath Wealth Strategies, told Fortune. 'Students now face the highest amount of debt ever recorded, but job security after graduation doesn't really exist.' Also read: What is career catfishing, the Gen Z strategy to irk ghosting corporates? The AI fear A growing worry among Gen Z is the rapid rise of artificial intelligence and what it means for their future. According to a report by Indeed, nearly half (49 per cent) of job seekers say their college degree feels less valuable in today's job market because of how quickly AI is changing the job market. STORY CONTINUES BELOW THIS AD Entry-level jobs, often the first step for graduates entering the workforce, are increasingly being taken over by automation. And that's adding to the uncertainty. According to a report by Indeed, nearly half (49 per cent) of job seekers say their college degree feels less valuable in today's job market because of how quickly AI is changing the job market. Image for Representation. Reuters 'Damned if they do or don't [go to college],' said Colin Rocker, a Gen Z content creator who shares career advice for young professionals, in a conversation with Fortune. 'On one hand, their parents, counsellors, and professors urge them away from more liberal arts majors like literature or history, but every day in the news, they see thousands of people laid off who work with more technical degrees like engineering, computer science, and marketing, as AI starts to take over.' Experts say these jobs may not vanish completely, but they are shifting into roles that barely resemble what they used to be. For Gen Z, that means the career paths they once envisioned might no longer exist, or at least, not in the way they imagined. But that doesn't mean all hope is lost. Instead, they may need to pivot and learn how to work alongside AI, rather than fear it. STORY CONTINUES BELOW THIS AD Gen Z 'is now faced with carving out a place for themselves in an economy where they're fighting for opportunity against the most advanced systems and technologies we've ever seen,' Rocker added. With input from agencies
India.com
10 minutes ago
- India.com
Who is Anish Shah, one of highest-paid CEOs in India, his salary is Rs 47 crore, he currently works for...
Who is Anish Shah, one of highest-paid CEOs in India, his salary is Rs 47 crore, he currently works for... Dr. Anish Shah has made it to the elite list of the top five highest-paid CEOs in the global auto industry after receiving a remarkable 95 per cent increase in his salary. His total compensation for the financial year 2024-25 now stands at an impressive Rs. 47.33 crore. Dr. Shah currently serves as the Managing Director and CEO of the Mahindra Group. Shah joined Mahindra in 2014 as Group President (Strategy) and has been an important part of the company's journey ever since. He led many big decisions that helped Mahindra adopt digital tools, use data better, and improve coordination among its different businesses. In 2020, he was promoted to Group CFO and Deputy Managing Director. The following year, in 2021, he became the Group CEO and Managing Director. Since then, Mahindra & Mahindra has grown rapidly in the Indian car market. The company moved up from fourth to second place in the passenger vehicle segment. Popular models like the Scorpio, Thar, and the new XUV3XO played a big role in this success. Dr. Shah's leadership and clear strategy have been key in driving this strong performance. Executive pay soars globally, Dr. Anish Shahjoins top league of auto industry's highest-paid CEOs In a global trend that has seen executive salaries rise by nearly 50 per cent in real terms since 2019, India's auto sector is no exception. Hero MotoCorp's Chairman and Managing Director, Pawan Munjal, has once again topped the list as the highest-paid automotive CEO in India for FY25, with a total compensation of Rs. 109.41 crore, unchanged from the previous year. Making headlines this year is Dr. Anish Shah, the Managing Director and Group CEO of Mahindra Group, who has joined the top five highest-paid CEOs in the Indian auto sector for the first time. He saw a staggering 95 per cent increase in his pay for FY25, bringing his total earnings to Rs. 47.33 crore. A closer look at his compensation reveals that Rs. 16.49 crore came as fixed salary, Rs. 65 lakh as company contributions to various funds, and Rs. 1.13 crore through allowances and other perks (excluding ESOPs). However, the bulk of his earnings which is around Rs. 30.18 crore came from stock options (ESOPs) he exercised during the year. ESOPs accounted for nearly two-thirds of his total pay package. Before his tenure at Mahindra, Dr. Shah served as President and CEO of GE Capital India between 2009 and 2014. He played a key role in the company's strategic overhaul, including the turnaround of the SBI Card business. Over a 14-year career at GE, he held several senior positions across its U.S. and international operations. Academically, Dr. Shah holds a Ph.D. from Carnegie Mellon University's Tepper School of Business, where his research focused on corporate governance. He also earned a postgraduate diploma in management from IIM Ahmedabad and a master's degree from Carnegie Mellon.
