Nivedita Mookerji &Amp; Somesh Jha

Stories by Nivedita Mookerji &Amp; Somesh Jha

The 'invisible observer': Ravinder Takkar takes charge of Vodafone Idea

The 'invisible observer': Ravinder Takkar takes charge of Vodafone Idea

Rediff.com   30 Aug 2019

A Vodafone Group insider with more than 25 years in the telco across geographies, he's like the eyes and ears of the multinational in India.

Banks may seek your OK for fund transfer to your account

Banks may seek your OK for fund transfer to your account

Rediff.com   28 Aug 2019

Under the proposed mechanism, the finance ministry has said banks will notify customers when someone tries to deposit money in their accounts, a government official said.

No overtime without employee consent

No overtime without employee consent

Rediff.com   29 Jul 2019

The Bill states a worker will be paid twice his or her wage if he or she is allowed to work overtime. A majority of workers in India worked more than 48 hours in a week, which is higher than the International Labour Organisation's prescribed time-limit.

Garg leaves without signing off on Jalan panel report

Garg leaves without signing off on Jalan panel report

Rediff.com   26 Jul 2019

Garg had refused to sign on the report finalised by the former Reserve Bank of India governor Bimal Jalan-led committee reviewing the central bank's economic capital framework (ECF).

To ease compliance, govt plans major labour reforms

To ease compliance, govt plans major labour reforms

Rediff.com   24 Jul 2019

Single registration will be coupled with single licence, along with a single return, for executing projects for five years.

Govt to extend minimum wages to 100% of workforce

Govt to extend minimum wages to 100% of workforce

Rediff.com   24 Jul 2019

Under the New Code on Wages Bill 2019, employers will be required to give the minimum wages, notified by either the state or the Centre, to the unorganised sector, too.

Banks likely to freeze accounts of shell firms

Banks likely to freeze accounts of shell firms

Rediff.com   11 Jul 2019

Government suspects that many of these bank accounts were used to launder money, especially after the demonetisation in November 2016.

Jal Shakti Abhiyan: How govt plans to tackle India's water woes

Jal Shakti Abhiyan: How govt plans to tackle India's water woes

Rediff.com   1 Jul 2019

The aim of the programme is to increase the water table in the stressed areas through dams, ponds, and afforestation. According to a NITI Aayog study, by 2030, the country's water demand is projected to be twice the available supply, implying severe water scarcity for hundreds of millions of people and an eventual 6 per cent loss in the country's GDP.

Will Modi govt manage to push labour reforms this time?

Will Modi govt manage to push labour reforms this time?

Rediff.com   26 Jun 2019

After assuming power in 2014 with a full majority of its own, the BJP-led NDA government started an ambitious process of reforming labour laws in the form of codes aimed at making the framework less cumbersome with a variety of alterations. It had planned four codes each for industrial relations, wages, social security and welfare, and occupational safety, health and working conditions. To this end, 35 central labour laws were to be converted into four codes that would have had the virtue of streamlining labour relations. But none of the proposed code Bills could be converted into a law principally because neither trade unions nor industry representatives came on board. They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why

RBI's new stressed asset resolution is 'practical'

RBI's new stressed asset resolution is 'practical'

Rediff.com   17 Jun 2019

'If there is a technical issue and the borrowers can resolve it within 30 days, you don't have to go through the bankruptcy court.' 'If the borrower is expecting a large disbursal of a facility or expecting a payment or receivables, in such cases it becomes practical to give a window for taking care of such circumstances. 'If banks had aggregated the assets and benefited with a long relationship with borrowers and now when assets get into a trouble, it is incumbent on banks to find resolution and take responsibility.'

An insurance plan that will benefit both employers and employees

An insurance plan that will benefit both employers and employees

Rediff.com   14 Jun 2019

The scheme, which will be effective from July 1, 2019 would benefit 36 million employees and 1.28 million employers. The ESI Act applies to factories with 10 or more workers and provides for medical, cash, maternity, disability and dependent benefits to employees drawing a salary of up to Rs 21,000 per month.

On the govt's table: PSU general insurance consolidation

On the govt's table: PSU general insurance consolidation

Rediff.com   8 Jun 2019

'The plan is to secure nod of the Union Cabinet and other relevant regulatory approvals within the next three months,' a senior finance ministry official said, requesting anonymity.

Didi or BJP: Who will win Bengal?

Didi or BJP: Who will win Bengal?

Rediff.com   12 May 2019

BJP hopes to win 23 seats; TMC all of Bengal's 42 seats.

In 5 years Tata group's poll funding up 20 times

In 5 years Tata group's poll funding up 20 times

Rediff.com   30 Apr 2019

From disbursing Rs 25.11 crore to political parties in 2014-2015, the Tata group is learnt to have contributed Rs about Rs 600 crore towards the 2019 Lok Sabha election.

'This time, it is about making Modi win'

'This time, it is about making Modi win'

Rediff.com   30 Apr 2019

'He has attacked our enemies in their own backyard.'

Rallies matter even in election 2019

Rallies matter even in election 2019

Rediff.com   25 Apr 2019

Had it been an election of digital campaigns, the cost of the 2019 election would have been far less than what it actually is.

'He comes out with so many novel ideas'

'He comes out with so many novel ideas'

Rediff.com   21 Apr 2019

'The trading community will be a priority for Modi when he forms the next government.'

Big cos spend up to Rs 500 cr on poll funding

Big cos spend up to Rs 500 cr on poll funding

Rediff.com   8 Apr 2019

For some of the business majors, the fund outgo for the 2019 elections has risen as much as 15 to 20 times, compared to the amount given to political parties five years ago.

Jet Airways drama: 10 unanswered questions

Jet Airways drama: 10 unanswered questions

Rediff.com   29 Mar 2019

'Shouldn't the DGCA ensure both safety and convenience of passengers?' 'And convenience has been a casualty as nobody knows which Jet flight would be grounded next, throwing passengers' plans in disarray,' says Nivedita Mookerji.

Jet Airways drama: 10 unanswered questions

Jet Airways drama: 10 unanswered questions

Rediff.com   28 Mar 2019

'Shouldn't the DGCA ensure both safety and convenience of passengers?' 'And convenience has been a casualty as nobody knows which Jet flight would be grounded next, throwing passengers' plans in disarray,' says Nivedita Mookerji.