Around 61 million subscribers of the Employees Provident Fund Organisation (EPFO) are likely to get lower returns on their deposits this year.
Modi seems to have an innate faith in his capabilities to handle the myriad challenges confronting the nation and would rather manage the affairs of the nation as a CEO would of a large industrial-business empire, observes Virendra Kapoor.
As the Centre's decision ahead of the end of the 40-day lockdown brought cheers to lakhs of migrant workers across the country, quarantine centres and shelter homes were also being readied for the returning migrants with Uttar Pradesh alone preparing to receive an estimated 10 lakh people.
A portion of the Nanda Devi glacier broke off in Uttarakhand's Chamoli district on Sunday, triggering an avalanche and a deluge in the Alaknanda river system that washed away hydroelectric stations, leaving at least seven people dead and 125 missing who are feared dead.
Thackeray also said it was wrong to impose the lockdown suddenly and now it cannot be lifted all at once.
Launching the scheme, Modi said during the nationwide lockdown, the talent from cities returned to villages and it will now give a boost to development of rural areas. The 'Garib Kalyan Rozgar Abhiyaan' will be implemented on a mission mode in 125 days in 116 districts of six states -- Bihar, Madhya Pradesh, Uttar Pradesh, Rajasthan, Jharkhand and Odisha -- that received the maximum numbers of migrant workers back.
Rebuffing petroleum ministry, Siddaramaiah launches Pradhan Mantri Ujjwala Yojana-like scheme months before state polls
Then chief minister Jyoti Basu once told an industrialist that capitalists were class enemies and he should expect no sympathy.
There is no doubt that archaic labour laws governing employment of contract labour have fanned tensions at the workplace and need to be amended.
Will Covid-19 permanently change higher education, asks Ajit Balakrishnan.
Supplementary provisions exceeded the original provision by as much as 239,900 per cent in 2014-15.
'That it was the LTTE was known in three weeks's time.'
The panel is expected to suggest various relief measures to put economy back on track as soon as possible, the sources said.
Every house in the Achota village of Dhamtari district in Chhattisgarh has children who roll bidis but are outside the scope of child labour laws.
Commerce and Industry Minister Anand Sharma on Wednesday said the government will soon announce incentives for labour intensive export sectors, notwithstanding high growth in the shipments during December.
Retaining the GST rate assumes importance since states are under pressure to increase their revenues, hit hard by lockdown. Also, the Centre has not fully compensated states for their revenue losses on account of GST for 2019-20.
'The answer for a quicker boost to growth is simple -- run a much larger deficit, use the resulting public resources to ensure adequate price support for agriculture, subsidise wage costs of MSMEs and accelerate public sector construction-intensive activities,' advises Nitin Desai.
With this allocation of portfolios, the Sharad Pawar-led NCP has got most of the 'plum' ministries.
About 1 million bank officers are expected to participate in the strike on May 30 and May 31
British Parliament's Petitions Committee will consider a Westminster Hall debate in the House of Commons complex on the issue of farmers protests and press freedom in India after an online petition attracted over 106,000 signatures.
Food prices have been on the rise in China this year, pushing the country's inflation rate to 3.4 per cent in May compared with a year earlier, higher than the government's warning level of three per cent.
The data, to be compiled by the ministry of statistics and programme implementation, will bring out the proportion of population actively contributing to production of goods and services, also known as the labour force participation ratio, every quarter.
Among other things, the agenda is likely to focus on increasing private investment, employment generation and giving relief to the farm sector
Government tenders could soon go to bidders who promise to train highest number of youth.
Concerned by GDP slowdown and unrealistic tax targets, the economists urged Finance Minister Nirmala Sitharaman to implement long-term structural steps like land and labour reforms. Warning against any off-Budget financing the economists said the government should prepare a statement of intent for its social, rural and welfare sector expenditure.
India is currently under the 21-day lockdown since March 25, with only essential services exempted to contain the fast-spreading virus.
Fresh guidelines were issued by the government on Wednesday for enforcing the second phase of the coronavirus lockdown, with the Union home ministry barring all kinds of public transport and prohibiting opening of public places during this period.
Particularly hit has been the apparel sector, where the time taken by the industry to adjust to the Goods and Services Tax regime, downward revision of export incentives, and a credit squeeze faced by small and medium scale enterprises, has pushed production downwards.
'No linen, blankets and curtains shall be provided inside the train. Passengers are advised to carry their own linen,' an order by the Railways said. The order also said that there would be no provision of 'tatkal' and 'premium tatkal' accommodation and there will be very few stoppages during the journey.
The correlation between withdrawal of deposits and the Covid death rate is stark, reveals Tamal Bandyopadhyay.
A total of 15,25,631 tests have been conducted so far across 332 government and 121 private laboratories.
This prompted some reshoring -- the process of returning jobs and manufacturing to the company's home country -- of manufacturing activity, Shen said while insisting this will not become a general trend, state-run China Daily reported.
Gandhi also called upon the government to immediately put money into the hands of the poor and provide a financial package to the industry to help revive the economy.
Empowerment of the National Investigation Agency (NIA) with extra territorial jurisdiction and declaration of Maulana Masood Azhar, Hafiz Muhammad Saeed, Zakiur Rehman Lakhvi and Dawood Ibrahim as terrorists after legislative amendment were counted among its achievements by the MHA, headed by Union Home Minister Amit Shah.
With less than three months to go until the start of the Games, work on parts of Rio de Janeiro's Olympic Park and Olympic Village was halted on Monday amid fears for the safety of workers, Brazil's Ministry of Labour and Employment said.
Concern is growing among healthcare experts who believe that if people do not follow the lockdown or social distancing seriously, the situation can quickly go out of control.
Congress Vice President Rahul Gandhi on Monday accused the Narendra Modi government of going against the interests of fishermen in coastal states.
The government clarified that the majority of industrial establishments had reported nil production, and cautioned that the numbers should not be compared with those of previous months. "It is not appropriate to compare the IIP of April 2020 with that of earlier months, and users may like to observe the changes in the IIP in the following months," said the ministry of statistics & programme implementation.
Construction at a tennis arena was stopped while work was partially suspended at the velodrome, the ministry said in a note, citing a "grave and imminent danger to the physical safety of workers."
