Monday, August 24
The joint platform of 10 central trade unions and sectoral federations have called for a one-day nationwide strike on February 12, 2026 against the four Labour Codes notified last month, pressing the government to repeal the four Codes. The strike date will be formally ratified at the National Workers’ Convention to be held on January 9, 2026. The 10 central trade unions included AITUC, HMS, CITU, INTUC, AIUTUC, TUCC, SEWA, AICCTU, LPF and UTUC. Also read: New Labour Codes 2025: Full list of benefits for every worker category, check what applies to you“The Government is trying to utilise all of its institutional machinery, media, and public sector management to build a positive consensus around these Codes. But the workers are determined to fight against the unilateral imposition by t
Japan plans a major change in its foreign labour system as it tries to balance worker shortages with public concern over immigration. The government will cap the number of workers under a new programme at about 426,000 in its first two years from fiscal 2027, according to Kyodo News. The decision comes as Japan reviews its overall foreign worker policy, including steps to curb visa overstays. The review follows directions from Prime Minister Sanae Takaichi and reflects public concern about the rising number of foreign nationals in the country. At the same time, Japan faces a long-term labour shortage due to its ageing population. To respond, the government plans to scrap the Technical Intern Training Program and replace it with a new framework called the Employment for Skill Development pr
Oyo parent Prism has received shareholders’ approval to raise up to Rs 6,650 crore through a fresh issue of equity shares as part of its proposed initial public offering (IPO), at an Extraordinary General Meeting (EGM) held on December 20, 2025. ET reported on November 28 that Prism had called an extraordinary general meeting on December 20 to seek shareholder approval for an initial public offering to raise up to Rs 6,650 crore through fresh shares.At the EGM, shareholders approved the proposal to undertake the IPO, subject to regulatory approvals and market conditions.Shareholders also approved a bonus issue of equity shares in the ratio of 1 fully paid-up equity share for every 19 existing equity shares held, with December 5, 2025 fixed as the record date for determining eligible shar
