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EconomyMedium

How many workers will benefit from the two Memorandums of Settlement signed at UltraTech, Bathinda?

  1. A.117
  2. B.217
  3. C.317
  4. D.417

Correct answer

B. 217

Explanation

The correct answer is 217. The two Memorandums of Settlement signed on 14 October 2026 between the management of UltraTech, Bathinda and the workers' unions are expected to extend financial benefits of approximately Rs 3.36 crore to this many workers over the next five years. The other options are wrong because they do not match the number of workers covered by the agreements. One settlement was concluded with the Centre of Indian Trade Unions and the other with the All India Trade Union Congress. A notable feature of both documents is that the agreed benefits apply with retrospective effect from the second quarter of the year, in accordance with the terms and conditions of each agreement. The settlements followed conciliation by the Assistant Labour Commissioner (Central) at Jalandhar, who functions under the office of the Chief Labour Commissioner (Central) in the Ministry of Labour and Employment.

Read the full article: Rs 3.36 Crore Settlement for 217 UltraTech Bathinda Workers

Q2.EconomyEasy

Under which ministry does the Chief Labour Commissioner (Central) function?

  1. A.Ministry of Labour and Employment
  2. B.Ministry of Corporate Affairs
  3. C.Ministry of Skill Development and Entrepreneurship
  4. D.Ministry of Heavy Industries
Show answer
Correct answer: A. Ministry of Labour and Employment

The office of the Chief Labour Commissioner (Central) works under this ministry, and the Assistant Labour Commissioner (Central) at Jalandhar, whose conciliation produced the settlements at UltraTech, Bathinda, functions under that office.

Q5.EconomyEasy

Which body recommends the Minimum Support Prices announced by the Union Government?

  1. A.NITI Aayog
  2. B.Food Corporation of India
  3. C.Commission for Agricultural Costs and Prices
  4. D.National Agricultural Cooperative Marketing Federation
Show answer
Correct answer: C. Commission for Agricultural Costs and Prices

Minimum Support Prices are declared every year for 22 mandated crops on the recommendations of this commission, which also takes into account the views of state governments and central ministries and departments.