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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 Noticed By People Who Matter

Four years have zipped by and we are crossing another milestone on 31st January 2025 – it’s our 4th Anniversary. It feels good.
Looking back at the 1460 days, I must say Short Post has made its mark with people who matter via 4000 stories published in the areas of politics, business, entertainment and sports. All made possible by the unflinching commitment and dedication of our senior editors, most of whom have been part of this journey from Day One.
Small pack, big impact is in essence the story of Short Post which was launched at the height of the Covid-19 pandemic in 2021. It shows our conviction. In all humility, I can say, we have created a new niche in the news segment space like Hindustan Unilever which created a new segment, when it launched CloseUp Gel.
Yes, we have created a brand (in a limited sense), created demand (readers) and created supply (senior journalists). But we are facing teething problems like all start-ups. What makes us happy and confident is the recognition of our efforts. For instance, we have an arrangement with the OPEN Magazine, part of the $4.5 billion Kolkata-based Sanjiv Goenka-RPG Group. This arrangement sees around 10 Short Post stories posted on OPEN Magazine website every week. This arrangement is testimony that our content has been well received! Also, I may add that the Maharashtra government has recognised Short Post and has allowed our senior editor to cover the Assembly sessions. Ditto: Odisha.
Our goal is to ensure that Short Post becomes a habit. I would like people to keep checking their smartphones to know the latest Authentic Gossip. As regards AI and the fear of it disrupting all businesses including media. On that, personally, I have no such fear as I am confident AI cannot smell news particularly Authentic Gossip. That’s the place we are well entrenched.