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Labour codes to push social security cover to 85% in 3 yrs: SBI Research
November 26, 2025
|Financial Express Pune
THE IMPLEMENTATION OF the four new labour codes will boost social security coverage to 85% in next 2-3 years and would generate additional employment for 7.7 million people, a report by the State Bank of India Research said on Tuesday. It, however, cautioned about the possibility of short-run frictions followed by medium-run gains as compliance costs fall and formal hiring expands.
The government enforced four labour codes namely the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020 last week with an objective to align with global trends and empower both workers and enterprises.
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Financial Express Pune
'Our vision is to build a future-ready airport'
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Growth over last decade has been broad-based: FM
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1 min
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Jindal Group enters urban mobility with Trevel launch
ELECTRIC MOBILITY STARTUP
1 min
December 16, 2025
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Create more space to let solar power flow
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3 mins
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Axis to hire 50 pvt bankers to target India wealth boom
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1 min
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Marine exports increase 16% in Apr-Nov
DESPITE BEING HIT by US tariffs, India's marine products' exports increased by over 16% to $5.75 billion in April -November, 2025-26, on year, because of a surge in shipment across several new markets, according to official data released on Monday.
2 mins
December 16, 2025
Financial Express Pune
In major overhaul, Centre proposes single regulator for higher education
THE GOVERNMENT ON Monday introduced the Viksit Bharat Shiksha Adhishthan Bill, 2025 in Parliament that aims to overhaul higher education by setting up a single regulator for higher education that will set standards, streamline governance, and provide policy directions.
2 mins
December 16, 2025
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'Micro-LAP, small home loans stress pockets in retail credit'
THE CREDIT PERFORMANCE across most retail loan products remained stable in the September quarter, with balance-level delinquencies improving year-on-year for home loans, personal loans, credit cards and gold loans, TransUnion CIBIL said on Monday.
1 min
December 16, 2025
Financial Express Pune
India, Mexico start talks on trade pact
INDIA HAS STARTED discussions on a Preferential Trade Agreement (PTA) with Mexico to cushion the impact of steep tariff increase by it on the countries with which it does not have any Free Trade Agreement (FTA).
1 min
December 16, 2025
Financial Express Pune
Siemens growth engine gaining speed
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2 mins
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