Page 17 - Somesh Jha

Gig workers set to come under labour laws, get social security benefits

According to draft Code on Social Security, 2019, gig and platform workers will be entitled to life and disability cover, health and maternity benefits, among others

SC rejects plea seeking clarity on restructuring wages for EPF deduction

At present, inspectors are allowed to assess dues and inspect old records with no time limit

Finance secy Rajiv Kumar to hold review meeting with public sector banks

RBI had earlier this month made it mandatory for banks to link all their fresh retail loans to an external benchmark, effective October 1

From cigarette butts to straws, govt considers ban on 12 plastic products

In what could be a relief to beverage firms, only bottles of less than 200 ml will be barred from use, according to the proposal

Customer to IT integration, banks to follow BoB's footsteps during merger

Banks to take cue from merger of BoB, Vijaya Bank, and Dena Bank

Amalgamation of 10 public sector banks likely to take place on April 1

The decision was taken in a meeting of 10 PSBs, who are part of the latest merger process, with finance ministry officials in Mumbai on Wednesday

Teamlease launches web portal to help firms navigate compliance repository

Companies are required to take care of 58,726 compliances, involving 1,074 Acts related to labour, finance, taxation, secretarial, etc

IDBI Bank to get Rs 9,300-crore capital infusion from promoters

This is the first time the government has decided to pump money in IDBI Bank after LIC acquired a majority stake of 51 per cent in the bank - a process completed in January

Demand in economy has to match credit expansion: Finance Secy Rajiv Kumar

We have budgeted Rs 70,000 crore for this year, says Finance Secretary Rajiv Kumar

How technology integration, regional synergies drove bank merger plan

PNB will take over OBC and UBI to become the country's second-largest lender after SBI in terms of business

NextGen PSBs: Govt unveils mega bank mergers to revive economic growth

10 banks to be merged into 4; Indian Bank & Allahabad to be one

Merger will put together banks' strength: Andhra Bank's J Packirisamy

Our capital to risk (weighted) assets ratio, or CRAR, is good, says Andhra Bank MD

Merger will create fourth largest public sector bank: Syndicate Bank MD

There were discussions in general since a few months, said Syndicate Bank MD Mrutyunjay Mohapatra

There will be no loss of employment after merger of PSBs: Sankara Narayanan

It was mainly based on system integration that the government took a call for amalgamation, said Narayanan

Public sector banks merger: Modi govt to announce big bang plan soon

Finance ministry has called a meeting with chief executives of ten public sector banks on Friday

RBI could have gone for higher risk provisioning, says Rakesh Mohan

This year's surplus was higher than usual and therefore, a large transfer in any case was going to happen, says Mohan

Utilising RBI's revaluation balances a moral hazard: Bimal Jalan panel

The committee said it will become a precedent for using rupee depreciation to fund fiscal expenditure

RBI to move to April-March accounting yr, restrict interim dividend payout

The central board of the RBI, which met on Monday, has accepted this recommendation, according to an official

After nearly 8 decades, RBI to change its accounting year to April-March

The RBI, which currently follows July-June calendar, usually transfers dividend after closing its accounts in August

Explained: How Bimal Jalan committee report saw the light of day

Subhash Chandra Garg was expecting around Rs 1.5 trillion from the RBI