The biggest worry is not the shrinking of the labour market, but the collapse of good jobs.
'The government should put the whole road map together for the vaccine and decide how industry can support...' 'They should allow the private sector to vaccinate.'
The expert committee sought more information from Serum Institute regarding the Oxford-AstraZeneca vaccine.
The Serum Institute of India has stockpiled 40 mn-50 mn doses and is adding more every week. Most of these will come to India.
Bharat Biotech recruited 13,000 participants for the Phase-3 clinical trial of Covaxin. This is one of the largest efficacy trials held in the country.
The EPFO had decided that 8.15 per cent interest from its debt income would be credited immediately and the remaining 0.35 per cent capital gains from the equity sale would be given later, subject to its redemption.
For vaccination, online registration is mandatory. Thereafter, eligible beneficiaries will be informed on their registered mobile number about the nearest vaccination facility, and the date and time of vaccination.
Experts say this further underlines the lack of investor interest in stressed assets at present.
The company has developed detailed logistical plans and tools to support effective vaccine transport, storage, and temperature monitoring. Sohini Das and Ruchika Chitravanshi report.
The findings of the report showed consumer spending falling for the first time in over four decades in 2017-18.
Under the Atmanirbhar Bharat Rozgar Yojana announced by the Centre to incentivise formal sector job creation, all 'new employees', who were never a part of the EPF system in the past, and those who made an exit from employment during the Covid-19 pandemic from March 1, 2020, to September 30, 2020, will be eligible for the benefit.
The Code on Social Security, 2020 gives a lot of comfort to gig firms which recognise cab drivers or food delivery executives as 'independent contractors' who directly do business with customers with the help of their digitised platforms.
The norms, say industry experts, are not sufficient to weed out fly-by-night contractors.
The ten central trade unions have demanded a cash transfer of Rs 7,500 a month to all families that do not pay income tax, free ration of 10 kg per head in a month to all the needy, expansion of the Mahatma Gandhi National Rural Employment scheme to cover more days of job, withdrawal of labour codes and farm bills, halt on privatisation, universal pension coverage and withdrawal of "draconian" circular on forced premature retirement of government officials.
Private firms will have to maintain a minimum net addition to their workforce each month from October this year to June 2021 to get the Employees' Provident Fund subsidy for the new recruits.
One of the changes being proposed is allowing LLPs to issue non-convertible debentures.
Experts say, these leave many matters to the discretionary powers of bureaucrats, rather than providing them explicitly in the rules.
A communiqu sent by the department of investment and public asset management (DIPAM) to the heads of all PSUs, said the move would help the government to get predictable and periodic dividends before Budget estimates are firmed up.
The criteria for allowing companies to avail of this provision will include profitability, networth, paid-up capital, and turnover.
According to the law, the contribution "should not be more than 5 per cent of the amount paid to gig workers. The government is likely to start seeking contribution from gig companies towards the fund from April 1, 2021.
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