After assuming power in 2014 with a full majority of its own, the BJP-led NDA government started an ambitious process of reforming labour laws in the form of codes aimed at making the framework less cumbersome with a variety of alterations. It had planned four codes each for industrial relations, wages, social security and welfare, and occupational safety, health and working conditions. To this end, 35 central labour laws were to be converted into four codes that would have had the virtue of streamlining labour relations. But none of the proposed code Bills could be converted into a law principally because neither trade unions nor industry representatives came on board. They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why
Tomar had discussed the two proposals with trade unions on June 24 and assured that the government will take at least two weeks to take a decision.
Prime Minister Modi made a strategic blunder of Nehruvian proportions -- presuming no war can happen now, and the Chinese won't be a military threat and risk their economic interests, observes Shekhar Gupta.
Workers being laid off will be entitled to full wages of 45 days for every year of service.
EPFO manages a huge corpus of over Rs 6 lakh crore (Rs 6 trillion).
Upon implementation of the 7th Pay Commission the expected yearly burden on the central exchequer will be more than Rs 100,000 crore. Central government employees will get on an average a 24 per cent pay hike. Still, the unions aren't happy.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Modi said the newly-sworn in government took four major decisions related to farmers' and traders welfare in the first meeting of the Union Cabinet.
Implementation of the Seventh Pay Commission recommendations, One Rank, One Pension are the other triggers going ahead, analysts say
While the FPI limit on most bond issues would not be raised above 6 per cent, there would be some in which there would be no limits, reports Arup Roychoudhury.
As households age, they pile up debt, a peculiarity unique to Indians, a Financial Stability and Development Council report has found. Here are the key takeaways.
Javadekar asserted that the first 50 days have shown that Modi government's second term will be more effective and will build on the success of its previous tenure.
'We all expected Modi with the majority to tame the bureaucracy, but it is the bureaucracy that tamed him.'
The move can help mop up about Rs 1.2 lakh every day for the purpose.
'There were tears in my eyes when I parted with my medals. I thought was it for this moment did I become a soldier?' In 2008, Captain H Balakrishnan (retd) of the Indian Navy returned all his medals to the President of India to protest the government's failure to implement the One Rank One Pension scheme.
Unlike the 2012 manifesto, the BJP has chosen not to make any extravagant promises.
Far more important than governance is to ensure how different states get necessary representation a'The pressure to expand the council of ministers will come from states where the BJP has formed a government after ousting the Congress,' predicts A K Bhattacharya.
.jpg)
The first phase would comprise universal access to banking facilities. Under this, basic bank accounts with zero balance, RuPay debit card and financial literacy, will have to be completed in the next one year, officials said.
According to the RBI proposal, companies can now take the ECB route for raising 10-year funds which is capped at five years now.
10 central trade unions have called a nationwide shutdown against 'anti-worker policies' of the central government. Apart from being successful in Bengal, Kerala and NE states, the bandh has also got support from Cong leader Rahul Gandhi and Shiv Sena in Maharashtra.
This crisis requires political sophistication and governance skills. This BJP has neither, observes Shekhar Gupta.
Trade union leaders claimed that the strike would be even bigger than the one last year as the number of striking workers is expected to swell to 18 crore
In Madhya Pradesh, the C-Voter poll projections gave the BJP 107 seats with a vote share of 41.5 per cent, against Congress' vote share of 42.3 per cent and a simple majority of 116 seats.
There shall be two dates for grant of increment - January 1 and July 1 every year
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The new Chief Economic Advisor Krishnamurthy Subramanian believes that more than unemployment, it is the quality of employment which needs to be focused on. In an interview with Arup Roychoudhury and Indivjal Dhasmana, Subramanian said that controlling inflation was the Modi government's biggest achievement.
The move is expected to stabilise yields, volatile in the recent past.
Providing succour to distressed farmers, the Karnataka government on Saturday announced waiver of interest and penal interest on crop loans from cooperative banks for the current fiscal and hike in compensation from Rs 2 lakh to Rs 5 lakh to families of farmers who had committed suicide.
Prime Minister Narendra Modi is addressing the nation for the seventh time from the ramparts of the Red Fort on Independence Day on Saturday and it will be his second speech of the second term in office.
The defence minister clearly asserted that there will be no budgetary constraints to enhance the capability of the Army and meeting its other requirements.
Tax-saving investments should not be made with the sole purpose of saving tax, but should also help an individual grow his wealth, suggests Archit Gupta, founder and CEO, ClearTax.
'EPFO's investments this financial year should be Rs 1 lakh crore'
EFPO launched a number of new facilities this year.
Here's why ULIPs have become an attractive long-term investment option
A six-point comparison by Anil Chopra, Group CEO & Director, Bajaj Capital
EPF is the major vehicle for the long-term savings of organised private sector employees.
The Financial Sector Legislative Reforms Commission had in a report last year proposed a unified regulator for the entire financial sector -- markets, insurance, commodities and pension. It had, however, proposed to keep banking out of its purview for now.
Lok Sabha passed the Finance Bill, after approving more than two dozen official amendments, by voice vote, thus completing the Budgetary exercise for 2019-20 in the Lower House.
The Maharashtra Kisan Sabha announced that the strike will be intensified in the coming days.
It raises three major questions - the incentive compatibility issue, the fairness issue and fiscal challenge, said Panagariya.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances