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Rural jobs scheme, DBT cause labour crunch: L&T chair

Mint Hyderabad

|

February 12, 2025

L&T chairman said the workforce migration crisis is being felt on businesses and infra development in cities

- Devina Sengupta

India's direct transfers of cash to the beneficiaries of a host of social sector schemes, and rural jobs programme that assures 100 days of wage employment to at least one member of every village household are preventing workers from moving away from their hometowns, sparking labour shortages in large cities and other economic centres across the country, Larsen & Toubro (L&T) chairman S.N. Subrahmanyan has said.

He said that the workforce migration crisis in the country, where labourers are unwilling to move locations, is being felt on businesses and infrastructure development in cities.

MEER VERHALEN VAN Mint Hyderabad

Mint Hyderabad

Apple's 5th India store to open in Noida soon

Apple announced on Friday it will open its fifth retail store in India on 1 December in Noida's DLF Mall of India—marking its second store in the National Capital Region after Delhi, which opened in April 2023.

time to read

1 min

November 29, 2025

Mint Hyderabad

Tech focus drives Meesho's IPO prep

lier thismonth.

time to read

1 mins

November 29, 2025

Mint Hyderabad

Mint Hyderabad

Former DBS CEO is Temasek India’s new non-exec chair

Piyush Gupta, the former chief executive of DBS Group, has joined Singaporean state-owned multinational investment firm Temasek as India chairman, albeit in a non-executive role, and will work with Ravi Lambah, head of India and strategic initiatives, the firm said, He will join on 1 December.

time to read

1 mins

November 29, 2025

Mint Hyderabad

Mint Hyderabad

Former DBS CEO is Temasek India's new non-exec chair

Piyush Gupta, the former chief executive of DBS Group, has joined Singaporean state-owned multinational investment firm Temasek as India chairman, albeit in a non-exec role, and will work with Ravi Lambah, head of India and strategic initiatives, the firm said. He will join on 1 December.

time to read

1 mins

November 29, 2025

Mint Hyderabad

Mint Hyderabad

Speciality chemical makers are betting big on pharma

The Street is gravitating toward speciality chemical manufacturers that supply contract development and manufacturing organizations (CDMO) and active pharmaceutical ingredient (API) makers, as uncertainty looms over the chemicals sector.

time to read

1 mins

November 29, 2025

Mint Hyderabad

Art Deco feels in Indian fashion

The 100-year-old style has inspired design worldwide. Why doesn't it have a big presence in Indian fashion?

time to read

4 mins

November 29, 2025

Mint Hyderabad

Tiramisu is trending and nobody is complaining

Tiramisu, tiramisu latte, rasgulla tiramisu, masala chai tiramisu, tiramisu tres leches—it seems like almost every café or restaurant across the country has some version of the Italian dessert on its menu.

time to read

4 mins

November 29, 2025

Mint Hyderabad

Tech focus drives Meesho’s IPO prep

lier this month.

time to read

1 mins

November 29, 2025

Mint Hyderabad

After a year’s pause, AT-I bonds return with Canara Bank

Canara Bank on Friday raised ₹3,500 crore from an additional tier-1 (AT-I) offer, according to three people aware of the matter.

time to read

1 min

November 29, 2025

Mint Hyderabad

After a year’s pause, AT-1 bonds return with Canara Bank

Canara Bank on Friday raised 13,500 crore from an additional tier-1 (AT-I) offer, according to three people aware of the matter.

time to read

1 min

November 29, 2025

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