Somesh Jha &Amp; Samreen Ahmad

Stories by Somesh Jha &Amp; Samreen Ahmad

Labour reforms move a step ahead; outsiders can now become TU leaders

Labour reforms move a step ahead; outsiders can now become TU leaders

Rediff.com   24 Apr 2018

The Centre has, however, retained its proposal to curb flash strikes as workers in all factories will be required to give employers a strike notice of at least two weeks after the Bill becomes a law.

States with dry ATMs received highest share of currency notes in 2017-18

States with dry ATMs received highest share of currency notes in 2017-18

Rediff.com   20 Apr 2018

An RBI official said the supply of currency was adequate in the states facing a crunch at ATMs but the logistic issues led to the present situation

Cash crunch: Suspected hoarding of Rs 2,000 notes to be probed

Cash crunch: Suspected hoarding of Rs 2,000 notes to be probed

Rediff.com   19 Apr 2018

The rate of cash withdrawals over deposits was almost double in Uttar Pradesh, Andhra Pradesh and Telangana, according to the latest analysis submitted by the RBI to the finance ministry.

Why advertisers are spellbound by IPL

Why advertisers are spellbound by IPL

Rediff.com   5 Apr 2018

As many as 80 brands are riding the digital and television broadcast this year.

RBI tells finmin that PNB misled it on SWIFT migration

RBI tells finmin that PNB misled it on SWIFT migration

Rediff.com   5 Apr 2018

'PNB had confirmed compliance with the RBI's prescription in its circular of August 3, 2016, which has now turned out to be factually incorrect,' Minister of State for Finance Shiv Pratap Shukla said in Rajya Sabha on Tuesday.

Compulsory annual health checks proposed for workers

Compulsory annual health checks proposed for workers

Rediff.com   4 Apr 2018

This will help employers keep a track of the diseases workers could suffer from while doing their jobs.

Here's your chance to play the IPL...

Here's your chance to play the IPL...

Rediff.com   3 Apr 2018

'Fantasy players create their own team, get phantom money and start playing the virtual game.'

Here you can be in two countries at the same time!

Here you can be in two countries at the same time!

Rediff.com   31 Mar 2018

Welcome to the little slice of heaven called Dawki.

PNB may be allowed to spread fraud losses over 4 quarters

PNB may be allowed to spread fraud losses over 4 quarters

Rediff.com   28 Mar 2018

With the entire fraud amount becoming a non-performing asset, around 25 per cent of the bank's estimated net worth of Rs 40,000 crore could be affected.

Honoured all LoUs during 2011-16: PNB to FinMin

Honoured all LoUs during 2011-16: PNB to FinMin

Rediff.com   22 Mar 2018

The bank also issued 234 LoUs worth Rs 1,880 crore to another group of companies promoted by Mehul Choksi in 2015 and 2016

The bank has the power of 5Cs: PNB chief

The bank has the power of 5Cs: PNB chief

Rediff.com   13 Mar 2018

The bank has one of the highest current account savings account share, stable credit quality, robust credit growth, adequate capital and low cost-to-income ratio, said PNB chief Sunil Mehta.

PNB to provide for Rs 60 bn loss this quarter for NiMo scam

PNB to provide for Rs 60 bn loss this quarter for NiMo scam

Rediff.com   12 Mar 2018

"Our preliminary estimates show we may have to provide for around Rs 60 billion in the balance sheet for the quarter ending on March. The due date for LoUs amounting to Rs 60 billion is falling in the present quarter. This will be a contingent liability for the bank," said a senior executive, on condition of anonymity.

The rot in the EPFO data

The rot in the EPFO data

Rediff.com   22 Feb 2018

Out of around 80 million accounts that were analysed, there were 10 million records with only names and no other details about the subscribers, including their date of joining, date of birth and father's name, among others, in the EPFO's records.

Why Indian Labour Conference has been postponed

Why Indian Labour Conference has been postponed

Rediff.com   21 Feb 2018

At the 47th ILC, scheduled for February 26 and 27 in Delhi, trade unions and employers were to discuss key issues related to employment and social security coverage to workers

Job creation takes a beating in April-June 2017

Job creation takes a beating in April-June 2017

Rediff.com   21 Feb 2018

The number of new jobs created declined by around 65 per cent to 64,000 in April-June 2017, from 185,000 in January-March 2017, according to the Labour Bureau's quarterly report on employment.

Lapses in banking system: Govt seeks RBI's views

Lapses in banking system: Govt seeks RBI's views

Rediff.com   20 Feb 2018

In its letter, finance ministry has pointed to sections 35, 35A and 36 of the Banking Regulation Act, 1949, to highlight the powers and functions of the RBI as regulator

How govt plans to ensure PNB-style scams don't ever happen

How govt plans to ensure PNB-style scams don't ever happen

Rediff.com   20 Feb 2018

Govt tells PSBs to integrate banking systems, rotate staff as a policy

PNB fraud raises stink over banks' risk management ability

PNB fraud raises stink over banks' risk management ability

Rediff.com   16 Feb 2018

The latest fraud is a failure of management supervision and accountability, as no bad debt was generated and no cash was involved

No representations from investors against LTCG tax: Sebi chief

No representations from investors against LTCG tax: Sebi chief

Rediff.com   12 Feb 2018

After holding discussions with the FM, the Sebi chief said the government thought it was an opportune time to levy the LTCG tax as the "markets are booming."

Govt drops move to make hire and fire easier

Govt drops move to make hire and fire easier

Rediff.com   10 Feb 2018

The decision to drop the proposal was taken last month during a meeting that Finance Minister Arun Jaitley held with labour ministry officials.