Somesh Jha

2020 The Year That Was: Creating jobs will be the hardest task in 2021

The biggest worry is not the shrinking of the labour market, but the collapse of good jobs

Subscribers to get 8.5% EPF savings interest at one go on 'market boost'

The EPFO had decided that 8.15 per cent interest from its debt income would be credited immediately

CEA Subramanian asks NSC to make junked consumer spending report public

The findings of the report, published by Business Standard in November 2019, showed consumer spending falling for the first time in over four decades in 2017-18.

FinMin proposes DFI tag for IIFCL to support long term financial needs

IIFCL is a government-owned entity, which is registered as a non-deposit accepting loan company with the Reserve Bank of India.

Introspect reasons for low market valuation: DIPAM secy to state-owned cos

Tuhin Kumar Pandey urges CPSEs to constantly engage with investors in a bid to yield better share prices

Guaranteed loans for stressed assets out of existing Rs 3 trn credit line

Scheme to be applicable to all 26 sectors identified by K V Kamath panel along with health sector, with past dues from Rs 50-500 crore as of 29 February, 2020

Employees or contractors? Gig universe faces a social code dilemma

Globally, there have been public debates on the nature of the job of gig workers and the social security framework they deserve to get.

In a first in 5 yrs, BMS rejects call by other unions for nationwide strike

In a rare instance of a prominent central trade union breaking ranks with other labour unions, the BMS had decided not to take part in an industrial strike which was held on September 2, 2015.

Draft labour rules: No licence for contractors with criminal history

Norms also include past insolvency; move not enough to weed out fly-by-night contractors, say industry experts

Govt proposes to up daily factory work limit to 12 hours, draws protests

Work-life balance of employees will be hurt if they work for so long and then commute, say labour economists

4 million lost job amid Covid-19 crisis, eligible for EPF subsidy: Data

EPFO releases data for employee exits in formal sector

BPCL disinvestment gets going with multiple EOIs, Reliance stays away

Aramco also not in fray; actual number bids not revealed but sources say three of four have been received

Govt targets 5-6 mn job creation through Atmanirbhar Bharat Rozgar Yojana

The government will soon seek the approval of the Union Cabinet before notifying the ABRY scheme.

Gig workers need to register, update info for social security: Draft rules

Gig firms will have to submit contribution towards a fund through self-assessment by June 30 each year

Govt asks CPSEs for quarterly dividend payouts, higher share of profits

DIPAM has prepared a 'consistent' dividend policy for state-owned firms to follow

Stimulus 3.0: Jobs in construction to get a boost, formal sector downbeat

The government increased the budget allocation towards the PMAY by over three times to Rs 26,000 crore, from the present Rs 8,000 crore in FY21

Govt offers PF subsidies to employers in Atmanirbhar job incentive scheme

Sop available in the case of both, new hires and those who lost their jobs to Covid; Atmanirbhar Bharat Rozgar Yojana will benefit workers with wages up to Rs 15,000

Wage pact: Bankers will get 15% hike, arrears likely in next salary

Move will push wage bill up by about Rs 7,900 cr a year; wage agreement is for the period November 2017 to October 2022

Only one-fifth of loans up for recast availed of moratorium, says PNB

Borrowers with repayments worth Rs 28,000-30,000 crore hadn't paid a single loan instalment from March-September

New labour rules propose free annual health check-ups for staff above 40

The proposal, applicable to all factories, mines, and construction firms, is part of the draft Occupational Safety, Health (OSH) and Working Conditions (Central) Rules, 2020