Companies are prioritizing higher specifications in office fit-outs to enhance employee engagement and wellbeing. Data shows a shift towards premium spaces. The construction industry is experiencing growth, driven by infrastructure development and foreign investment. The interior fit-out segment is projected to expand, meeting the evolving needs of a post-pandemic workforce.
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Chennai, which experienced a warm winter, is expected to have a hot summer with above normal temperatures. The rise in night temperatures is attributed to urbanization and global warming. The India Meteorological Department states that global warming has resulted in the warmest February in India since 1877. Chennai may experience a heatwave due to El Nino, but maximum temperatures in March are expected to be near normal.
The 16th Finance Commission, chaired by Arvind Panagariya, will consider various issues including GST and the sharing of taxes and resources between the Centre and states. Panagariya acknowledged the recent debate on GST triggered by states such as Karnataka, and stated that it is still too early for him to comment on the matter. He highlighted the importance of addressing farm sector, labour, and urbanisation-related challenges as key reform areas.
