Every option before the finance minister comes with a price tag, observes T N Ninan.
The government initiated the process for amendment to the Payment of Gratuity Act, 1972, which applies to establishments employing 10 or more persons.
Though the BJP is running too close for comfort, populist schemes and support among Muslims may help Mamata Banerjee overcome the challenge, observes Aditi Phadnis.
High visa processing fees, social security issues and the decision by Administrative Appeals Office to reapply for H1B on location change make life tougher for highly skilled professionals from India, Nasscom chief BVR Mohan Reddy tells Ritu Jha/Rediff.com
Their lives, spent in a state of chronic hunger and deprivation, are a telling indictment of India's porous social security net, says Geetanjali Krishna.
'I worry that the suffering of these people might be as invisible as the people themselves,' observes Geetanjali Krishna.
Mamata Banerjee fended off a spirited challenge by a resurgent Bharatiya Janata Party in West Bengal with a landslide victory for her Trinamool Congress on Sunday for a third consecutive term and the saffron party and the Left Democratic Front were poised to form government again in Assam and Kerala respectively while the Dravida Munnetra Kazhagam stormed back to power in Tamil Nadu after a gap of 10 years.
Key drivers of these risks can be arrested or reversed through building more inclusive societies, for which international cooperation and long-term thinking will be vital
Sticky labour laws and a difficult business environment have led to employers shifting their new hiring in favour of contract labour where social security is much lesser, says Mahesh Vyas.
Adapting to the new hybrid normal of remote and office work, cautiously optimistic corporate are looking to hire more people and provide better appraisals in the new year as they step out of the pandemic-ravaged 2020. The coronavirus pandemic emerged as the biggest inflection point for the Indian job landscape. For the corporates, work-from-home and remote workers became the new normal and for the professionals, online learning and digital skills took centrestage.
If retrenched workers are unable to reskill within a fixed period of time, they will have to return the money given to them by the government. Moreover, they may be asked to pay back an interest on the sum transferred.
He also accused her of nepotism by choosing to play the limited role of "bua" (aunt) to her "bhatija" (nephew) instead of becoming "Didi" (elder sister) to the people.
'If your data is hacked you cannot go to court. Only UIDAI can go to court.' 'UIDAI is lying that Aadhaar is completely secure.'
Indian start-ups and software product companies are trying to attract engineers and programmers who are either stranded in India because of the lockdown or H-1B visa holders who have been laid off.
The biggest worry is not the shrinking of the labour market, but the collapse of good jobs.
The government hopes to use this data to assess the extent of financial support needed to recover from the pandemic.
Unlike the other Bharatiya Janata Party-led governments, Assam has not proposed doing away with most labour laws for a certain number of years. Instead it has proposed introducing fixed-term employment to help both workers and industries, and seeks to take more firms out of the ambit of laws governing factories and contract workers.
Goyal also announced hiking of tax free gratuity to Rs 30 lakh from existing Rs 20 lakh for employees having service of more than five years.
Religious institutions and charitable trusts employing 20 workers or more will have to deposit employees' provident fund with the EPFO.
Seeking to further strengthen bilateral economic relations, Prime Minister Narendra Modi on Sunday said India and the US will "restart" discussions on the Social Security Agreement and resume talks on Bilateral Investment Treaty.
Over the past week, several unusual partnerships among start-ups, traditional businesses and hospitals have been announced, and several more are likely to materialise soon. The trend could see increased importance of gig workers, who are taking considerable risk to deliver goods to people in the time of a pandemic.
The stories of exclusions illustrate so tragically, the need of the hour is to bolster biometrics and 'smart' technologies with something more old-fashioned - the good old fashioned, compassionate human touch, says Geetanjali Krishna.
'The promises of netas and babus and new laws, however well-meaning, mean little.' 'What matters is implementation on the ground.' 'Every law is finally implemented by a vast army of offici
After conducting an aerial survey of some of the affected areas and attending a review meeting along with Prime Minister Narendra Modi in Basirhat in North 24 Parganas district, she said there is a need to work together at this hour of crisis.
The current Federal rules require an H-1B visa holder to leave the US along with family members within 60 days of losing his job. The H-1B visa holders have started a petition campaign on the White House website to extend the timeline for their stay in the US to 180 days after they are being laid off.
Indian Matchmaking has clearly been produced to pander to Western audiences's awful fascination with the institution of arranged marriage, notes Kanika Datta.
The strike, however, had no impact on production of auto majors Maruti Suzuki India, Hero MotoCorp, Honda Cars India, Mahindra & Mahindra, Tata Motors and Hyundai Motors India as their plants in various parts of the country functioned normally.
This will help employers keep a track of the diseases workers could suffer from while doing their jobs.
Finance Minister Nirmala Sitharaman on Monday presented the Budget for 2021-22 in the Lok Sabha that is expected to provide relief to the pandemic-hit common man as well as focus more on driving economic recovery through higher spending on healthcare, infrastructure and defence amid rising tensions with neighbours, As India emerges from the COVID-19 crisis, the ninth Budget under the Modi government, including an interim one, is widely expected to focus on boosting spending on job creation and rural development, generous allocations for development schemes, putting more money in the hands of the average taxpayer and easing rules to attract foreign investments.
Since the imposition of lockdown on March 25 by the government to contain the COVID-19 spread, businesses have been facing liquidity or cash crunch, leading to difficulties in paying their mandatory provident fund dues.
The United States has ruled out signing a Totalization Agreement with India for now.
Foreign brokerage Bank of America Merrill Lynch said they expect the headline inflation to rise to 3.3 per cent in May, but added that it is within the 2-6 per cent range which the government has set for the RBI.
The minister announced an overall allocation of Rs 1.38 lakh crore for 2018-19 from Rs 1.22 lakh crore in current fiscal on health, education and social security.
Chief executives in the real estate, consumer products, automobiles, construction, and textile sectors said they were all expecting workers to re-join in the next 45-60 days, which would help them ramp-up production from July.
Around 67.59 jobs were generated in the entire 2018-19 fiscal, the payroll data based on members joining the schemes of the EPFO showed.
Should we trust the folks who brought us Lehman and AIG with a privatized Social Security system? Should we trust them with our 401(k)s?
The sector has become a serial capital issuer.
India is expected to strongly push for a bilateral totalisation agreement with the US during President Barack Obama's visit later this month.
'They want (the ownership and management of PSU banks) to pass into the hands of a private sector entity.' 'Ownership of these banks will go from the public sector to private sector.'
Tax deduction limit up Rs 50K for investment in pension fund.
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