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Essential services law could be invoked to curb hoarding

Mint New Delhi

|

May 08, 2025

Govt last invoked Esma during Covid-19 pandemic to prevent disruptions in healthcare

- Dhirendra Kumar

In the wake of India's missile strikes on terror targets in Pakistan following the deadly Pahalgam attack, the government is preparing to invoke the Essential Services Maintenance Act (Esma) to prevent profiteering and ensure steady supplies of essential commodities, two officials told Mint.

Esma empowers the government to prohibit strikes and ensure the uninterrupted delivery of essential services vital to public welfare. During the Covid-19 pandemic, it was invoked to prevent disruption in healthcare, transport, and supply chains.

MEER VERHALEN VAN Mint New Delhi

Mint New Delhi

Mint New Delhi

CANADA'S STARTUP VISA: PUTTING LIVES ON HOLD

Legal uncertainty has left entrepreneurs stuck despite building businesses and putting down roots

time to read

8 mins

November 28, 2025

Mint New Delhi

Gupta pilfered from fraud, Trafigura says

Commodity trader Trafigura's lawyers accused Indian businessman Prateek Gupta on Thursday of siphoning off funds from an alleged $600 million metals fraud to prop up his struggling business empire.

time to read

1 min

November 28, 2025

Mint New Delhi

Why TCS is walking a tightrope

Tata Consultancy Services Ltd recently outlined an ambitious multiyear $6-7 billion investment plan to build artificial intelligence (AI)-focused data centres and is already making progress in that area.

time to read

2 mins

November 28, 2025

Mint New Delhi

Mint New Delhi

Can a dictionary make sustainability simpler?

A new guide aims to bring clarity to sustainability in fashion but it has to be available to everyone, from designers to customers

time to read

3 mins

November 28, 2025

Mint New Delhi

Of Marathi plays, picnic in the park

A Mint guide to what's happening in and around your city

time to read

1 min

November 28, 2025

Mint New Delhi

Beyond the stock slump—Kaynes’ $1 bn aim is just the start

Shares of Kaynes Technology India Ltd have fallen about 25% from their peak of ₹7,705 in October, amid a management reshuffle and the expiry of the lock-in period for pre-IPO shareholders.

time to read

1 mins

November 28, 2025

Mint New Delhi

Avaada to invest ₹1 trillion in 5 years

Renewables-focused Avaada Group is aiming to invest ₹1 trillion across the country over the next five years as part of its expansion into both power generation and associated businesses.

time to read

1 min

November 28, 2025

Mint New Delhi

VentureSoul closes first debt fund at ₹300 crore

VentureSoul Partners has announced the close of its maiden debt fund at ₹300 crore, with plans to raise an additional ₹300 crore through a green shoe option by February 2026.

time to read

1 min

November 28, 2025

Mint New Delhi

New MF distributor incentives introduced

Mutual fund distributors will now earn additional incentives for bringing in first-time investors from B-30 (beyond the top 30) cities and for onboarding new women investors from any city, under Securities and Exchange Board of India's (Sebi) revised incentive framework.

time to read

1 min

November 28, 2025

Mint New Delhi

Mint New Delhi

Catamaran to boost manufacturing bets

Catamaran is focused on a few areas in manufacturing, such as aerospace

time to read

2 mins

November 28, 2025

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