Latest news with #ShivaRajora
&w=3840&q=100)
Business Standard
6 days ago
- Business
- Business Standard
Govt working on a separate PLI for garments: Textile minister Giriraj Singh
The Indian textile industry, which was worth $112 billion a decade ago, has grown by nearly 60 per cent to $176 billion today and our target is to grow it to $350 billion by 2030, says Giriraj Singh Shiva Rajora Asit Ranjan Mishra New Delhi Listen to This Article Union Minister for Textiles Giriraj Singh spoke to Shiva Rajora and Asit Ranjan Mishra in New Delhi on the government's initiatives to change the course of the labour-intensive textile industry, including his push for technical as well as new-age textiles. Edited excerpts: What are the challenges and opportunities the textile sector is facing? The Indian textile industry, which was worth $112 billion a decade ago, has grown by nearly 60 per cent to $176 billion today and our target is to grow it to $350 billion by 2030. Today India is making significant strides in the technical textile sector as
&w=3840&q=100)
Business Standard
24-06-2025
- Business
- Business Standard
EPFO increases auto settlement limit for advance claims to ₹5 lakh
The move allows EPFO's 75 million subscribers to withdraw advances for education, illness, marriage and housing without human intervention up to ₹5 lakh Shiva Rajora New Delhi The Employees' Provident Fund Organisation (EPFO) on Tuesday increased the auto-settlement limit for advance claims to Rs 5 lakh, up from the current Rs 1 lakh, labour minister Mansukh Mandaviya told reporters. The move will now allow nearly 75 million subscribers of the retirement fund body to withdraw funds through advance claims—for purposes such as education, illness, marriage and housing—without any human intervention from EPFO. 'The limit for auto settlement of EPFO claims has been increased to Rs 5 lakh. Such claims will be cleared within three days, similar to the existing process for auto claims. This growth highlights EPFO's strong focus on automation and delivering faster, more efficient services to its members,' Mandaviya said. The auto-claim settlement process—automatic processing of claims without human involvement—was first introduced in April 2020 during the Covid-19 pandemic for illness and hospital-related advances. Subsequently, the labour ministry expanded auto-claim settlement to include education, marriage and housing. In May 2024, EPFO increased the ceiling for auto-mode settlement of advance claims for these categories to Rs 1 lakh from Rs 50,000. 'This enhanced limit and faster access to funds will help family members receive timely financial support when they need it most. This step is part of EPFO's broader push to improve service delivery through technology,' the labour ministry said in a statement. In the financial year 2024–25, EPFO processed a record 23.4 million advance claims through auto settlement—a 161 per cent increase compared to 8.95 million claims in 2023–24, the minister said. Almost 59 per cent of all advance claims in 2024–25 were settled through auto mode, up from 31 per cent in 2023–24. In the first 2.5 months of the ongoing financial year 2025–26, EPFO has already auto-settled 7.6 million claims, accounting for 70 per cent of all advance claims processed so far.
&w=3840&q=100)
Business Standard
20-06-2025
- Business
- Business Standard
GDP base revision could be done more frequently in future: Rao Inderjit
MoSPI is examining the feasibility of salvaging the data of 7th Economic Census in consultation with states/UTs Shiva Rajora New Delhi Listen to This Article The Indian Statistical System will play a key role in 'data-driven' decision making by the government in the journey towards Viksit Bharat 2047, says Rao Inderjit Singh, Union minister of state (independent charge), Ministry of Statistics and Programme Implementation (Mospi), in an email interview with Shiva Rajora. Edited excerpts. Your ministry is extensively focusing on technology to collect, process, and disseminate data and also on using alternative data sources. How are these changes driving the transformation in the ministry? How does it benefit data users? Prime Minister Narendra Modi has said: 'We must become tech-savvy so that every policy and
&w=3840&q=100)
Business Standard
10-06-2025
- Politics
- Business Standard
Centre nudges states to implement new labour codes, shifts reform goalpost
During 2019-20, Parliament consolidated 29 labour laws into four codes - Code on Wages; Code on Social Security; Occupational Safety, Health and Working Conditions Code; and Industrial Relations Code Shiva Rajora New Delhi Listen to This Article Narendra Kumar, 41, has been working as a delivery person for an online food aggregator during the day. Evening onwards, he's a security guard in a nearby milk factory. 'I usually work 13-14 hours in a day. If I fall sick even for a single day, I don't get anything from any of my jobs. Or if I meet with an accident, as I did last month, my employers would not give me anything, as they don't recognise me as their employee,'' Kumar pointed out. His ask: The government must step in to improve the working conditions. Kumar, who is
&w=3840&q=100)
Business Standard
08-06-2025
- Business
- Business Standard
Revised CPI series may track more markets, ecom data in major cities
Currently, monthly price data is collected from 1181 villages and 1114 markets in 310 selected towns by the field operations division of the NSO Shiva Rajora New Delhi Listen to This Article To make the revised consumer price index (CPI) series more robust and representative of price changes, the number of physical markets from where price data is collected will be increased to 2,900 from nearly 2,300 now, official sources told Business Standard. Currently, the National Statistical Office's (NSO's) field operations division gathers monthly price data from 1,181 villages and 1,114 markets across 310 selected towns. Under the revised methodology, price data will also be collected from online marketplaces in 12 of the country's most populous cities, each having a population of more than 2.5 million. The new series is slated to
