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India’s GDP Forecasted to Grow 8% or Higher in March Quarter and FY24: FM Nirmala Sitharaman

Interim Budget

India’s GDP Forecasted to Grow 8% or Higher in March Quarter and FY24: FM Nirmala Sitharaman

Business

Air India Express Crisis: Mass Sick Leaves Lead to 70 Flight Cancellations

Air India Express

Air India Express Crisis: Mass Sick Leaves Lead to 70 Flight Cancellations

Air India Express crisis: According to Air India Express, a portion of its cabin crew reported being unwell, forcing the airline to cancel certain flights. “A section of our cabin crew has reported sick at the last minute, starting last night, resulting in flight delays and cancellations,” an Air India Express official stated, as cited by the news agency. Our staff is aggressively resolving this problem to minimize any difficulty this may give to our visitors, even as we are interacting with the crew to learn the causes of these incidents.

Air India Express apologizes to travelers

The representative went on, “We want to emphasize that this does not represent the kind of service we aim to give and that we sincerely apologize to our visitors for this unplanned disturbance. Refunds in full or free rescheduling to another date are provided to guests who are affected by cancellations. It is required of our guests that, before leaving for the airport, they check to see whether their flight is disrupted. This comes after a union that represents a portion of the cabin crew at Air India Express said last month that the airline is being mishandled and that employees are not treated equally. The mishandling of the events, according to the Air India Express Employees Union (AIXEU), has also impacted staff morale.

Also Read: Passengers complain about Air India Express cancellations.

On social media, a few travelers expressed their displeasure at the unexpected flight cancellations. Air India Express responded to a passenger’s post on X (previously Twitter) on a canceled flight by stating that it was canceled “due to operational reasons.”. “As part of our service recovery process, you can either opt to reschedule the flight within the next 7 days or request a full refund through our chatbot, Tia…” the airline stated.

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Bank Employees Anticipate 5-Day Work Week as Key Approval Remains Pending

Bank

Bank Employees Anticipate 5-Day Work Week as Key Approval Remains Pending

Bank workers’ demands for a 5-day workweek are expected to be met shortly because the Indian Banks’ Association (IBA) and employee unions have already inked an agreement on the subject. The bank personnel anticipate receiving government clearance later in 2024; as of right now, only that is pending. The United Forum of Bank Unions and other bank employee unions have long advocated for a five-day workweek that excludes Saturdays. They guarantee that this won’t result in fewer hours spent providing customer service. A memorandum of understanding was subsequently signed in December 2023 between bank unions and the Indian Banks’ Association (IBA), which comprises both government-run and private institutions. A proposal for a 5-day workweek was included in this agreement, pending government approval.

The IBA and bank unions then signed the 9th Joint Note on March 8, 2024. The shift to a 5-day workweek with Saturdays and Sundays off was stated in the Joint Note, which was endorsed by the All India Bank Officers’ Confederation and the IBA. The government has the last say, even though the IBA and bank unions have reached an agreement. The Reserve Bank of India (RBI), which controls interbank transactions and banking hours, would also be consulted on the plan. The administration hasn’t set a formal timeframe for that. A few bank employees, however, said that they anticipate receiving the government’s warning by the end of this year or the beginning of 2025.

Also Read: Raymond reappoints Gautam Hari Singhania as MD for another five years

Saturdays will be recognized as official holidays under Section 25 of the Negotiable Instruments Act if they are authorized. It is stated that should the 5-day work week be adopted, the government will publish revised working hours that will extend the workday by forty minutes, from 9:45 a.m. to 5:30 p.m. Currently, the second and fourth Saturdays are closed for bank branches. Since 2015, bank unions have called for annual leave that includes all Saturdays and Sundays. In accordance with the terms of the 10th Bipartite Settlement, which was signed in 2015, the government, RBI, and IBA decided to make the second and fourth Saturdays holidays.

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Raymond reappoints Gautam Hari Singhania as MD for another five years

Raymond

Raymond reappoints Gautam Hari Singhania as MD for another five years

Raymond on May 3 said its governing body has endorsed the reappointment of Gautam Hari Singhania as overseeing chief for an additional 5 years, successful from July 1, 2024.

“The governing body, in view of the proposals of the Selection and Compensation Panel, at its gathering held today, have supported the re-arrangement of Gautam Hari Singhania (Noise: 00020088) for a term of five (5) years powerful from July 1, 2024,” Raymonds said in an explanation.

The re-arrangement is dependent upon the endorsement of the individuals from the organization.

Singhania assumed control over the reins of Raymond Restricted as administrator and overseeing chief in September 2000.

Who Is Gautam Hari Singhania?

Gautam Hari Singhania is a trade move on from the College of Mumbai. As MD of Raymond starting around 2000, he has been answerable for the essential choice of rebuilding the Raymond Gathering, starting the divestment of its noncore organizations of Steel, Concrete, and Fabricated materials.

Also Read: Ola Cabs CEO Hemant Bakshi Resigns, Company Set to Lay Off 10% Staff: Report

After the divestment, the Gathering solidified its situation with an engaged market-situated approach. The gathering has gained tremendous headway under the stewardship of Mr. Singhania and his vision is to take the Raymond Brand from being among the most regarded Indian brands to being among the best in the worldwide business sectors.

With a drive for making new brands, Singhania has looked into the send-off of new items and is effectively coordinating the Gathering towards supported development. Under the initiative of Singhania, the Gathering has made a momentous introduction to the land business.

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