Tirupur Exporters Association Thanks Govt For ESIC's Decision On Wages
: Tirupur Exporters
Association (TEA) on Friday thanked the Centre for the ESIC (Employees State Insurance Corporation) decision to pay 50 per cent of the average wages of the employees for a maximum of 90 days of unemployment due to the pandemic.
The decision would be helpful to the workers as it can also help in overcoming their difficulties during the period of unemployment, TEA president Raja M Shanmugham said in a press release here.
In the first four months of this financial year, knitwear exports from Tirupur clocked Rs 4,325 crore and TEA was hopeful of an improvement in the exports in the coming months, the release quoted Shanmugham of saying.
Once the situation improves, units would resume providing jobs to the workers from other districts of Tamil Nadu and also migrant workers from northern states, he said.
The TEA president has sent a letter of thanks to Prime Minister, Union Minister of State for Labour and Employment, ESIC chairman, Labour Secretary, Union Textile Minister, and textile secretary, the release said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
JPMorgan Deploys AI Chatbot To Revolutionize Research And Productivity
JPMorgan has deployed an AI-based research analyst chatbot to enhance productivity among its workforce, with approximate... Read more
Private Equity And Banks: The Complex Web Of Leverage
Private equity has emerged as a significant force in the global financial landscape, driving substantial growth and inve... Read more
Financial Watchdog Highlights Unresolved Vulnerabilities In Shadow Banking Sector
The world’s leading financial stability watchdog has issued a warning about the unresolved vulnerabilities within the ... Read more
JPMorgan And Small Caps Lead Market Rally: A Sign Of Economic Optimism
In a week marked by strong financial performance, JPMorgan Chase & Co. reported a 25% rise in profits, and US small-... Read more
Big Banks Vs. Regional Banks: The Battle For Market Share
The financial industry is a competitive landscape where big banks and regional banks vie for market share. Each type of ... Read more
The Evolution Of Philanthropic Advisory Services In Private Banks
The landscape of philanthropic advisory services provided by private banks has undergone a significant transformation. T... Read more