Many hurdles that investors could have faced after enrolling for the scheme have been removed.
Employees at Ford India's Chennai unit have called off the strike that started on May 30. Following this, the company has revised its severance package from earlier 115 days to 121 days for employees supporting production. The company indicated it would continue 'constructive discussions' with the unions in order to sweeten the deal further, if required.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) will answer your personal finance-related questions.
Attrition in India is expected to stay high as 34 per cent of the employees are extremely or very likely to shift to a new job in the next 12 months, a survey showed on Thursday. PwC's "India Workforce Hopes and Fears Survey 2022" provided insights into important employee aspirations, drivers, and expectations from their workplace in the next 12 months. Among all the age groups, millennials are most likely to seek new employment, with 37 per cent stating that they are "extremely or very likely" to switch. For Gen Z and Gen X, this figure stands at 33 per cent and 29 per cent, respectively.
Killer Soup's plots grow too convoluted and the strain of keeping the momentum going shows when its shrewd and surreal visuals lose steam, observes Sukanya Verma.
Jet Airways' cabin crew and ground staff have challenged the Jalan Kalrock consortium's resolution plan, which was approved by the National Company Law Tribunal (NCLT) in June, flagging concerns about pending salaries and retirement benefits. In their petition filed before the National Company Law Appellate Tribunal (NCLAT), the Jet Airways Cabin Crew Association and Bhartiya Kamgar Sena have submitted that dues of all workmen of the airline were not included as part of the Corporate Insolvency Resolution Process (CIRP) cost. In June, NCLT approved Jalan Kalrock Consortium's resolution plan for Jet Airways, which remains grounded for more than two years now.
After a technology upgrade, the Multi Commodity Exchange of India (MCX) appears poised for an improvement in volumes. The premier commodity and forex exchange reported a loss of Rs 19.1 crore in the July-September quarter (second quarter, or Q2) of 2023-24 (FY24). This was attributed to higher software charges payable under an extended service agreement with 63 moons technologies and a one-off cost towards core guaranteed funds (CGF).
Managing human resources remains a major and under-appreciated challenge for most start-ups.
The plea was mentioned for urgent listing before a bench headed by Chief Justice DY Chandrachud, which said it would be listed on February 24.
On the whole, the case for Period Leave is compelling. It may well bring more women into the workforce. But the concept will likely be hostage to the whims of enlightened companies, notes Kanika Datta.
The Supreme Court on Friday refused to entertain a PIL seeking a direction to all the states to frame rules for menstrual pain leave for female students and working women at their respective workplace, observing that the issue falls under the policy domain of the government.
It also promised financial assistance of Rs 24,000 annually to all dependent widows and single mothers, two free LPG cylinders to all the beneficiaries of the PM Ujjwala Yojana and 24x7 power supply.
For women, it is important to build an emergency fund and a financial independence fund independent of the couple's joint goals and plans.
Our caste warriors will not even ask these questions, let alone explore better solutions to address the problems of inequality and skewed life outcomes, argues R Jagannathan.
'Just the amount of work which is there just to become more and more successful in banking. For this to happen you need to have leaders who understand technology.'
Kerala's election discourse operates surreptitiously. Its explicit face focuses on important national and local issues. At the same time, it seeks to secure apt communal equations to ensure votes, notes Shyam G Menon.
If the idea was to garner AIADMK votes with or without the three faction leaders after the party broke ties with the NDA, it may not work after all, observes N Sathiya Moorthy.
Seeking to make inroads in Chhattisgarh, Aam Aadmi Party leader Arvind Kejriwal on Saturday announced 10 'guarantees' for the upcoming assembly polls in the Congress-ruled state including free electricity, monthly 'samman rashi' for women and Rs 3,000 monthly allowance for the unemployed.
Giving a fresh twist to the Ford India employees' strike at the firm's Maraimalai Nagar factory, the company has set the deadline for Monday evening for workers to accept a 'non-negotiable' severance package it is offering. It also indicated the possibility of legal action against workers from June 14 (Tuesday) and warned of early closure of the unit, before completing remaining export volume production. For the past 14 days, some 2,000 employees at the unit had struck work, seeking a better package from the company.
Ashwini Vaishnaw has repeatedly warned officials "to take VRS and sit at home" if they did not perform.
There is a perk for donating to parties. An individual who makes an eligible donation is entitled to get 100% tax deduction under Section 80GGC of the Income Tax Act.
In the pre-scheduled meeting, the home minister reviewed the prevailing security situation in the Union Territory and steps taken to deal with the Pakistan-backed terrorists and maintain peace.
Did you know that an individual can, in addition to the tax benefits she/he is entitled to, also leverage the benefits available to family members to reduce this liability?
Under the scheme, the government will provide subsidy for two years in respect of new employees engaged on or after October 1, 2020, and up to June 30, 2021, Labour Minister Santosh Gangawar said in a briefing on the Cabinet decision.
Infosys CEO Salil Parekh, has praised the company's founders for building an "incredible organisation", and exuded confidence that the firm which "has always been solid" will "continue with that stability." Parekh - who steered the firm to stability after a bitter spat between founders and then-management a few years back - believes that Infosys is "well positioned" to leverage tech-led growth opportunities over the next several years. Parekh took over at the helm in January 2018, after a standoff between board and founders, including NR Narayana Murthy, over issues such as governance, led to the exit of then-CEO Vishal Sikka.
The Railway Men is a compelling watch; the subject is handled with seriousness and respect without going overboard with the dramatic impact, observes Mayur Sanap.
People like Manmohan Singh and P Chidambaram, who as finance minister had fully supported the NPS, refuse to exercise their moral and political influence to try and stop Ashok Gehlot and others hell-bent on wrecking the states' finances, notes Virendra Kapoor.
Pilots working with Air India have warned of non-co-operation if restoration of pre-Covid overtime allowance is delayed, and if other practices they say are 'discriminatory' continues. "We cannot assure that our members will undertake flying duties exceeding 70 hours a month. Any coercive action by the management will lead to industrial action to safeguard flight safety and well-being of our members," the Indian Commercial Pilots Association and the Indian Pilots Guild said in a joint letter to Air India's management on Tuesday.
Air India's pilot unions on Monday alleged that working conditions are hostile at the airline and sought Tata group chairman N Chandrasekaran's intervention to resolve the issues. Tata group took control of loss-making Air India in January this year. The two pilot unions -- IPG and ICPA -- claimed that despite its unflinching support extended to Air India in its growth and expansion plan, the management has not reciprocated in the same manner.
Good salary combined with benefits such as extra allowances and perks are also playing a major role in bringing back professionals to the country, according to 25 per cent of the employers in the TimesJobs.com study.
Internet giant Google is investing $10 billion in India's digitisation fund, its CEO Sundar Pichai has told Prime Minister Narendra Modi, a step that will recognise India's leadership on fintech and will support small and large businesses in India, the US and around the world. Pichai met Prime Minister Modi in Washington on Friday and also announced the opening of Google's global fintech operation centre in the Gujarat International Finance Tec-City (GIFT) in Gandhinagar. "It was an honour to meet Prime Minister Modi during the historic visit to the US. We shared with the Prime Minister that Google is investing $10 billion in India's digitisation fund," Pichai said.
The company adopted the scheme from parent Suzuki, where employees are rewarded for making suggestions to improve productivity and cut wastage.
Indian workforce prefers to work for companies operating in sectors like IT, followed by BFSI and retail & FMCG.
Firms are increasingly launching health initiatives for their employees to reduce stress, revitalise body -- it also helps keep people occupied.
An impulsive decision to resign could eventually turn out to be a big career mistake, warns Srividya Kannan.
Modi and Chouhan have visited Mahakoshal multiple times and reached out to tribals to shore up support for the BJP.
Since 1993, when the BJP came to power after a stint of President's rule, the state has alternated between the Congress and the BJP.
The two IT majors -- Infosys and TCS -- delivered disappointing results for the fourth quarter of the 2022-23 financial year (Q4FY23). Poor macro conditions and weak sentiment in the banking, financial services and insurance (BFSI) space accounted for the miss. For TCS, revenue in constant currency (CC) terms grew at 0.6 per cent on a quarter-on-quarter (QoQ) basis. Weakness was visible in North America, primarily due to deferred discretionary spending.
