The International Trade Union Confederation (ITUC) calls on the International Finance Corporation (IFC) to urgently strengthen its Sustainability Framework to better protect labour rights and deliver on its development objectives. In a new report, The IFC at a Crossroads: Labour Rights for Development Impact, the ITUC highlights significant shortcomings in the implementation of the IFC’s policies over the past two decades. The IFC, part of the World Bank group, is expected to launch a review of its Sustainability Framework shortly. ITUC General Secretary Luc Triangle said: “The IFC was the first multilateral development bank to introduce policies to protect workers on its…
Author: Editor's Desk, Tattva News
The Committee to Protect Journalists (CPJ) called on Georgian authorities to hold police officers accountable and ensure journalists’ safety following multiple reports of least 50 journalists injured during violent police dispersals of pro-European Union demonstrations between November 28 and December 3.Since November 28, CPJ has documented a number of incidents of police violence and detentions of journalists. CPJ is also concerned about the detention of former TV presenter Nika Gvaramia, a CPJ 2023 International Press Freedom Award winner and now a political party leader, amid ongoing pro-EU demonstrations in Georgia.“The protection of journalists is a hallmark of democratic societies. Georgian authorities’ failure to address the extensive and shocking police…
A CRISIL Rating analysis of 30 hosiery manufacturers, representing a third of the industry by revenue, forecasts a 10-12% on-year revenue growth for Indian hosiery makers this fiscal. This growth is driven by a revival in rural demand, volume support from the export market, and strong modern trade sales. Despite a 1-2% dip in average sales realisation due to a reduction in selling prices aimed at clearing year-end inventory, volume growth is expected to offset this decline. The industry’s operating margin is projected to improve by 150-200 basis points, supported by softer input prices and improved capacity utilisation from higher…
The Reserve Bank of India (RBI) on Friday (December 6) slashed the cash reserve ratio (CRR) by 50 basis points (bps) to 4% from 4.5% in a bid to boost liquidity in the financial system. CRR is the percentage of a bank’s total deposits that it is required to maintain in liquid cash with the RBI as a reserve. The Monetary Policy Committee (MPC) of the RBI, which met in Mumbai on Friday, however, kept the Repo rate – the key policy rate – unchanged at 6.5% in a majority 4-2 decision. This is the eleventh consecutive monetary policy, over 22 months, which has…
By Nava Thakura Valmiki Sangeet Vidyalaya, run by the Guwahati-based Dr Hedgewar Memorial Trust, organises a spectacular cultural event titled ‘Samatar Chandere Jivanar Joigaan’ (Joy of Living with Rhythm of Equality) on Sunday (8 December 2024) starting at 4 pm in Assam Cricket Association stadium, Barsapara. With an aim to honour the revered constitution-maker Dr Bhimrao Ramji Ambedkar (14 April 1891-6 December 1956), the Vidyalaya has been organizing this cultural event for the last few years. The initiative is taken not only to pay homage to Dr Ambedkar on his death anniversary, but also to enlighten the citizens on their…
Days after the Mahayuti alliance swept the Assembly elections in the state, BJP leader Devendra Fadnavis took oath as the chief minister of Maharashtra on Thursday along with two deputy chief ministers, Shiv Sena’s Eknath Shinde and Nationalist Congress Party’s (NCP’s) Ajit Pawar, at a grand event held at Azad Maidan in Mumbai. The swearing-in ceremony took place in the presence of Prime Minister, Union Home Minister Amit Shah and several chief ministers, deputy chief ministers and Union ministers representing the BJP and its alliance partners in the National Democratic Alliance (NDA). Despite the Mahayuti getting an absolute majority of 230 seats out of…
During her visit to the country, the Vice President of Global Customer Success at Udemy, Ms. Caoimhe Carlos, recently highlighted India’s leadership in AI upskilling. She noted that 2025 will be a pivotal year for Udemy in India, with plans to hire a head of customer success, expand its research and development (R&D) centre, and introduce new artificial intelligence (AI) features. Carlos observed a significant shift in how employees engage with generative AI (GenAI), moving from technical training to practical applications that enhance productivity. She emphasized the growing demand for soft skills, such as communication and critical thinking, particularly among…
Amnesty International’s research has found sufficient basis to conclude that Israel has committed and is continuing to commit genocide against Palestinians in the occupied Gaza Strip, the organization said in a landmark new report published today. The report, ‘You Feel Like You Are Subhuman’: Israel’s Genocide Against Palestinians in Gaza, documents how, during its military offensive launched in the wake of the deadly Hamas-led attacks in southern Israel on 7 October 2023, Israel has unleashed hell and destruction on Palestinians in Gaza brazenly, continuously and with total impunity. “Amnesty International’s report demonstrates that Israel has carried out acts prohibited under…
The police arrested BRS MLA Padi Kaushik Reddy. He was arrested on the complaint of Inspector Raghavendra at the Banjara Hills PS alleging that he had obstructed his duties. Incidentally, Kaushik Reddy went to the Police Station on Wednesday to file a complaint alleging that his phone is being tapped by Intelligence IG Sasidhar Reddy on the directions of Chief Minister Revanth Reddy. Following this, a case was registered against Kaushik Reddy and 20 of his followers. On Thursday morning, a large number of police reached Kaushik Reddy’s residence in Kondapur and arrested him. Later, he was shifted to the…
India’s journey toward becoming a global economic powerhouse is marked by impressive export growth across sectors like petroleum oils, agrochemicals, semiconductors, and precious stones. In FY23, India emerged as the second-largest exporter of petroleum oils, with exports rising to US$ 84.96 billion (Rs. 7,18,932 crore) and a global market share of 12.59%. The agrochemical sector achieved a global share of 10.85%, placing India third globally. At the same time, sugar exports rose to US$ 3.72 billion (Rs. 31,479 crore), making India the second-largest exporter. Semiconductors, electrical transformers, and tyres also saw significant export growth, supported by initiatives like Make in…