06/01/2025

BIZ & FINANCE ˻ ͗ ˜ ͓͓͖͑

18

¿ºÐ¿ÌØ©Û¹ © Ð ‰´¿å ¹©º©¹Û¹ ’‰‰ ’¿Ì (дj¹jj ©ÌÉ¿ÌØ ¿ÉÐ ,"3"$)* " 5VSLJTI DPOTPSUJVN UIF TPMF CJEEFS UP UBLF PWFS UIF PQFSBUJPOT PG 1BLJTUBO T *TMBNBCBE BJSQPSU IBT PGGFSFE B DPODFTTJPO GFF CFMPX UIF NJOJNVN UISFTIPME UIF DIBJSNBO PG UIF CJE FWBMVBUJPO DPNNJUUFF TBJE 5IF DBTI TUSBQQFE 4PVUI "TJBO DPVOUSZ JT MPPLJOH UP HFOFSBUF SFWFOVF CZ TQFFEJOH VQ B QSJWBUJTBUJPO QVTI JODMVEJOH PVUTPVSDJOH UIF SVOOJOH PG UISFF NBKPS BJSQPSUT 5IF DPOTPSUJVN DPNQSJTJOH 5FSNJOBM :BQJ &3( *OTBBU BOE &3( 6, CJE UP QBZ UIF HPWFSONFOU PG JUT SFWFOVF GSPN PQFSBUJPOT JO UIF GPSN PG B DPODFTTJPO GFF TIPSU PG UIF NJOJNVN TFU CZ UIF HPWFSONFOU UIF BWJBUJPO BOE BJSQPSUT BVUIPSJUZ TBJE 5IF NBUUFS XJMM OPX CF SFGFSSFE UP UIF *OUFSOBUJPOBM 'JOBODF $PSQPSBUJPO *'$ o B NFNCFS PG UIF 8PSME #BOL (SPVQ XIJDI JT BEWJTJOH *TMBNBCBE PO UIF PVUTPVSDJOH o CFGPSF 1BLJTUBO UBLFT B EFDJTJPO PO XIFUIFS UIF CJE DBO HP UISPVHI i5IF EFUBJMT PG UIF GJOBODJBM QSPQPTBM XJMM CF QSFTFOUFE BOE GPSXBSEFE UP UIF *'$ GPS GVSUIFS FWBMVBUJPO BOE TVCNJTTJPO PG GJOBM SFQPSUTi TBJE 4BEJR VS 3FINBO UIF DIBJSNBO PG UIF CJE FWBMVBUJPO DPNNJUUFF BOE EFQVUZ EJSFDUPS HFOFSBM PG 1BLJTUBO "JSQPSUT "VUIPSJUZ o 3FVUFST W1ījЉ 8‰Ì´©º ºØ‰ÌØj©º¹‰ºØÐ €´¿Ð‰Ð ب̉‰ Щ؉Р©º TÛ̲©ç‰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b NJMMJPO 3. CJMMJPO EPMMBST DPNQBSFE UP B QSPGJU PG b NJMMJPO B ZFBS FBSMJFS 5IF DPNQBOZ XIPTF BUUSBDUJPOT CPBTU NPSF UIBO NJMMJPO WJTJUPST FBDI ZFBS JO DPVOUSJFT NBOBHFT UIF -POEPO &ZF 'FSSJT XIFFM UIF .BEBNF 5VTTBVET XBY NVTFVNT BOE UIF -FHPMBOE QBSLT o "'1

An employee working at a steel processing production line of a factory in Mandi Gobindgarh in the northern Indian state of Punjab. – REUTERSPIC

Щjº jº Û̿ɉjº ’j€Ø¿Ìç j€Ø©ä©Øç д¿åÐ

/&8 %&-)* 'BDUPSZ BDUJWJUZ JO "TJB BOE &VSPQF FOEFE PO B TPGU OPUF BT FYQFDUBUJPOT GPS UIF OFX ZFBS TPVSFE BNJE HSPXJOH USBEF SJTLT GSPN B TFDPOE %POBME 5SVNQ QSFTJEFODZ BOE $IJOB T GSBHJMF FDPOPNJD SFDPWFSZ " NBOVGBDUVSJOH TMPXEPXO JO UIF FVSP [POF JOUFOTJGJFE MBTU NPOUI XJUI TDBOU TJHOT PG B SFCPVOE BOZUJNF TPPO BT UIF CMPD T UISFF MBSHFTU FDPOPNJFT m (FSNBOZ 'SBODF BOE *UBMZ m SFNBJOFE TUVDL JO BO JOEVTUSJBM SFDFTTJPO .BOVGBDUVSJOH QVSDIBTJOH NBOBHFST JOEFYFT GPS %FDFNCFS GSPN BDSPTT "TJB QVCMJTIFE MBTU XFFL TIPXFE GBDUPSZ BDUJWJUZ TMPXJOH JO $IJOB BOE 4PVUI ,PSFB BMUIPVHI UIFSF XFSF TPNF TJHOT PG B QJDLVQ JO 5BJXBO BOE 4PVUIFBTU "TJB 5SVNQ IBT QMFEHFE UP JNQPTF UBSJGGT BDSPTT UIF CPBSE XJUI CJHHFS CBSSJFST PO JNQPSUT GSPN UISFF NBKPS USBEJOH QBSUOFST m .FYJDP $BOBEB BOE $IJOB 5IF $BJYJO 4 1 (MPCBM NBOVGBDUVSJOH 1.* GPS $IJOB OVEHFE EPXO UP JO %FDFNCFS GSPN UIF QSFWJPVT NPOUI VOEFSTIPPUJOH BOBMZTUT GPSFDBTUT BOE JOEJDBUJOH BDUJWJUZ HSFX POMZ NPEFTUMZ (BCSJFM /H BTTJTUBOU FDPOPNJTU BU $BQJUBM &DPOPNJDT TBJE #FJKJOH T JODSFBTFE QPMJDZ TVQQPSU JO MBUF QSPWJEFE B OFBS UFSN CPPTU UP 04-0 &MFDUSJD DBST BDDPVOUFE GPS PG UIF OFX DBST TPME JO /PSXBZ MBTU ZFBS B SFQPSU TBJE QVTIJOH UIF DPVOUSZ DMPTFS UP SFBDIJOH JUT HPBM PG HPJOH GVMMZ FMFDUSJD CZ i8F OFFE POMZ NPSF UP SFBDI UIF PCKFDUJWF GPS w UIF /PSXFHJBO 3PBE 'FEFSBUJPO 0'7 TBJE JO B TUBUFNFOU 0G UIF OFX DBS SFHJTUSBUJPOT MBTU ZFBS XFSF FMFDUSJD UIF IJHIFTU TIBSF PG BOZ NBKPS OBUJPOBM DBS NBSLFU BOE VQ

HSPXUI GSPN DPOUSBDUJPO XIFSF JU IBT CFFO TJODF NJE i0VUQVU JO UIF FVSP [POF SFNBJOFE VOEFS QSFTTVSF BU UIF FOE PG IFME CBDL CZ B DPOUJOVFE TMJEF JO OFX PSEFST JO CPUI UIF EPNFTUJD NBSLFU BOE JO FYQPSUT u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i*U JT DSVDJBM UP NBJOUBJO UIF JODFOUJWFT UIBU GBWPVS UIF QVSDIBTF UBYFT NBLJOH

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m 3FVUFST PG FMFDUSJD DBST JG UIF HPWFSONFOU BOE QBSMJBNFOU BSF UP BDIJFWF UIF HPBM UIFZ UIFNTFMWFT TFU w 0ZWJOE 4PMCFSH 5IPSTFO EJSFDUPS PG 0'7 TBJE 5FTMB JT UIF MFBEJOH FMFDUSJD DBS DPNQBOZ JO /PSXBZ XJUI PG UIF NBSLFU GPMMPXFE CZ 7PMLTXBHFO 5PZPUB 7PMWP BOE #.8 i*O JU XJMM CF JOUFSFTUJOH UP TFF XIFUIFS OFX $IJOFTF CSBOET BOE NPEFMT XJMM NBOBHF UP TUSFOHUIFO UIFJS QPTJUJPO BNPOH CVZFSTw TBJE 5IPSTFO o "'1

HSPXUI XIJDI JT MJLFMZ UP CF TFFO JO PUIFS GPVSUI RVBSUFS JOEJDBUPST i"OE UIJT JNQSPWFNFOU TIPVME DBSSZ PWFS JOUP FBSMZ u /H TBJE i#VU UIF CPPTU QSPCBCMZ XPO U MBTU NPSF UIBO B GFX RVBSUFST XJUI 5SVNQ MJLFMZ UP GPMMPX UISPVHI PO IJT UBSJGG UISFBU CFGPSF MPOH BOE QFSTJTUFOU TUSVDUVSBM JNCBMBODFT TUJMM XFJHIJOH PO UIF FDPOPNZ u *O &VSPQF )$0# T FVSP [POF NBOVGBDUVSJOH 1VSDIBTJOH .BOBHFST *OEFY DPNQJMFE CZ 4 1 (MPCBM EJQQFE UP JO %FDFNCFS KVTU VOEFS B QSFMJNJOBSZ FTUJNBUF BOE GVSUIFS CFMPX UIF NBSL TFQBSBUJOH Üß×Ú˪Ý ÞËÜÓÐÐ ÞÒÜÏËÞÝ Ó×ÚËÍÞ ×ËÔÙÜ ÞÜËÎÓØÑ ÚËÜÞØÏÜÝ GSPN BO TIBSF JO %FTQJUF CFJOH B NBKPS PJM BOE HBT QSPEVDFS /PSXBZ BJNT GPS BMM OFX DBST TPME UP CF i[FSP FNJTTJPOw TUBSUJOH JO XIJDI JT ZFBST BIFBE PG UIF HPBM TFU CZ UIF &VSPQFBO 6OJPO PG XIJDI /PSXBZ JT OPU B NFNCFS *O FMFDUSJD DBST BDDPVOUFE GPS KVTU PG TBMFT CVU UIFZ IBWF TJODF FYQMPEFE UIBOLT UP WBSJPVT JODFOUJWFT &MFDUSJD DBST XFSF FYFNQUFE GSPN

´‰€ØÌ©€ €jÌÐ Øj²‰ ŝŞơ ¿’ 9¿Ìåjç ¹j̲‰Ø ©º ŗŕŗř