1. Gujarat high court recently rebuked the state government for delaying the filing of an appeal since it had lost trace of a file for 17 days. Interestingly, the rebuke came a good 17 years after the appeal urging the HC to pardon the delay was filed in 1998. Hearing on the appeal took place for the first time recently in August 2015.
2. The first countrywide strike called by trade unions since the change of government last May turned into a show of strength with the Centre of Indian Trade Unions (CITU) claiming more than 15 crore workers in the organized sector struck work, and the Union labour ministry contending it wasn't the success it was being touted to be.
2. The first countrywide strike called by trade unions since the change of government last May turned into a show of strength with the Centre of Indian Trade Unions (CITU) claiming more than 15 crore workers in the organized sector struck work, and the Union labour ministry contending it wasn't the success it was being touted to be.
3. The government, with an objective of creating a credible counterbalance to foreign funds in the stock market, is getting several smaller pension funds controlled by it to follow the Employees' Provident Fund Organisation (EPFO) to invest part of their corpus in the stock market. Last month, for the first time in its 64-year history , EPFO, which manages over Rs 8.5 lakh crore worth of funds for salaried employees, started investing 5% of its incremental inflows (about Rs 400 crore per month) in stocks.
4. Bengal has a mountain to climb if it wants to compete with other states in attracting the all-important foreign direct investment (FDI) data released by the Confederation for British Industry (CBI) and the UK India Business Council on Wednesday shows that around 1.96 million jobs have been created directly by FDI in India between 2000 and 2015 - 7% of which are due to British investments.
