Ray of hope for jobless Gitanjali Group employees

Image
ANI New Delhi [India]
Last Updated : Mar 07 2018 | 5:45 PM IST

Don't want to miss the best from Business Standard?

Union Labour ministry will examine the situation of Gitanjali Group employees who have been rendered jobless after shutdown of companies, on the backdrop of the Punjab National Bank scam.

On being asked whether these employees will be covered in the new Wage Code Bill that is likely to be tabled in this Budget Session, Labour Secretary M Sathiyavathy told ANI, "Scam-hit companies are not covered in the new wage bill, I don't think wage code has any provision for that."

Nirav Modi and his uncle Mehul Choksi were implicated in the multi-crore scam that hit the PNB.

Top officials of the bank, as well as the companies owned by Modi and Choksi were arrested in this connection.

On Tuesday, Vipul Chitalia, the vice-president (banking operations) of Gitanjali Group was also arrested.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Mar 07 2018 | 5:45 PM IST

Next Story