Bureaucracy Puts Brakes on the Assurances of Chief Minister Bhagwant Mann and Finance Minister Harpal Cheema After 10 months of repeated assurances and nearly 20 meetings with the Finance Minister, employees are still facing a massive salary reduction of ₹31,000 per month — raising serious questions about the government’s commitment to its promises and the welfare of its employees. Despite the Central Government providing full funding for salaries, the State Government appears determined to continue the exploitation of employees For the last 10 months, the Finance Minister has repeatedly assured employees that their salaries would not be reduced, while the Education Secretary has outright refused to resolve the issue If employees’ issues are not resolved in the meeting with Finance Minister Harpal Cheema on June 23, a major agitation will be launched at the Chief Minister’s residence in Sangrur. S.A.S.Nagar 18 June ( Ranjeet Singh nDhaliwal ) : The repeated assurances given by Punjab C...
Vedanta Iron & Steel announces listing of equity shares Chandigarh 17 June ( Ranjeet Singh Dhaliwal ) : Vedanta Iron & Steel Limited (VISL) has announced the listing of its equity shares on the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). The listing will provide investors with direct access to one of India’s fastest growing integrated iron and steel platforms. The announcement comes at a time when the country’s steel sector is entering an unprecedented expansion phase. India’s steel production capacity is projected to reach 300 million tonnes by 2030, up from the current capacity of about 200 million tonnes. This growth will be made possible by sustained investment in infrastructure, railways, energy, defence and urbanisation. Domestic steel demand is projected to grow at a rate of 6 to 8 per cent annually, much faster than global growth. The sector is expected to play a key role in India's economic growth in the coming decade. The company'...