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Trade union
Why Trade Unionism Is Losing Its Relevance Today
Trade unionism seems to have lost focus in India. It has failed to reform itself to keep pace with economic reforms and globalisation, and changing job scenarios. It is also facing the biggest leadership crisis. The poor public and industry response to the nationwide strike call by 10 central trade unions on July 9, 2025 once again exposed the irrelevance of such an action in a country where the informal sector employs nearly 44 crore workers today, representing 85% of the total workforce. The informal sector encompasses a wide range of activities and workers, including those in agriculture, construction, small factories, domestic work, and various other self-employed and micro-enterprise roles. Workers in this sector don’t enjoy job or wage protection. As a result, the old-style trade unionism has become irrelevant in the present-day scenario. The so-called central trade unions exist mostly in the public sector where they play some constructive role in the collective bargaining, especially for periodical wage settlement. The shrinking public sector is a matter of concern to them. However, they could do little when the government decided to hand over the control of IPCL, a highly profit-making public sector enterprise to the Ambani group’s Reliance Industries. Trade unions also made no attempt to prevent total privatisation of BALCO in favour of Anil Agarwal-promoted Sterlite Industries (now Vedanta) . Of course, the prestigious VSNL to the Tata Group. Between 2014 and 2024, the government disinvested from as many as 179 central PSEs without any resistance from the trade unions. This explains why workers do not trust trade unions. Today’s trade unions lack the leadership of those in the 1970s such as Sripad Dange, BT Ranadive, Satish Loomba, George Fernandes, Mahesh Desai. Few will disagree that currently, the trade union movement in India lacks proper leadership and focus, particularly in the face of economic reforms and globalization.
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Why Foxconn Partnered Vedanta To Set Up $22 Bn Semi- Conductor Plant In India
Vedanta-Foxconn’s proposed $22-billion joint venture project in India for an integrated display and semiconductor fabrication ecosystem has kicked off a controversy over a sudden change in the project location from Maharashtra to Gujarat. Significantly, the location change came just three months before the Gujarat assembly election.  Both Foxconn and Vedanta’s Anil Agarwal have long experience in dealing with political powers in host countries. During Donald Trump’s presidency in the US, Foxconn planned a $10-bn unit in Wisconsin. The project was announced by Trump himself at the White House in 2017, boasting of it as an example of his ‘America First’ agenda to revive technology manufacturing in the US. However, within months of Trump’s defeat Foxconn drastically pruned the project! The planned investment was reduced to merely $672 million, slashing the number of new jobs from originally promised 13,000 to 1,454. However, it is difficult to understand why Foxconn, the 22nd ranked Fortune Global 500 company needs the shoulder of Anil Agarwal’s Vedanta to enter India when the government allows up to 100% foreign holding in this hi-tech sector. Could there be a political reason on Foxconn’s part to tie-up with Vedanta to ensure best incentive deals from a BJP-governed state? Or, is there an understanding on Vedanta’s part to exit in favour of Foxconn after the project gets started? Time alone can tell the future of the project.

TRENDS & VIEWS

Editor’s Note: Short Post Is Here To Stay…

Time, they say, flies—and how true that is. Here we are celebrating our 5th Anniversary. Five years ago, when Covid-19 was wreaking havoc across the globe, I took a leap of faith and launched Short Post, India’s first website for Authentic Gossip. That was on January 31, 2021. I was convinced there was a clear gap in the market for gossip that was credible, sharp, and impactful—especially if told in just 250 words.

In this, I was fortunate. Scores of senior editors across diverse verticals bought into the idea and, in the process, gave wings to my dream. Quite honestly, Short Post could not have crossed these milestones without the unflinching support of its contributing editors. Like all start-ups, we have seen our share of ups and downs, but these editors have stood by us like a rock. I take this opportunity to doff my hat to them.

Thanks to their commitment, we have published close to 5,000 stories spanning politics, business, entertainment, and sports. I say this with pride: we made our mark as people who matter read us. “Small packs, big impact” truly captures the essence of Short Post.

We all know that Covid-19 has reset businesses worldwide, and the media sector is no exception. In the post-Covid era, investors have become more cautious and selective—and advertisers too. To compound matters, the entry of AI has disrupted the media landscape in equal measure. So far, we have managed to hold our ground, hopeful that some angel investors will take a shine to us.

What gives me confidence is this: AI cannot smell news—especially the gossipy kind. In other words, AI cannot churn out Short Post-type stories, no matter the prompt. That puts us in a safe zone. As someone rightly said, “AI is a co-pilot, not a pilot.”