Page 22 - Somesh Jha

Working hours in India one of the highest in the world, shows NSSO report

This is the first official estimate of working hours done by a statistical agency in India and a quarter-wise trend was captured in the PLFS report

We will soon ensure clean banking: Financial Services Secretary Rajiv Kumar

Public sector banks will be able to restructure MSME loans, says Kumar

Hike in minimum pension for subscribers will need budgetary support: EPFO

An empowered committee, set up by the labour and employment ministry, in its report submitted to the govt in December had recommended that the minimum monthly member pension may be hiked to Rs 2,000

EPFO says exempted firms, not staff, to bear losses of investments in IL&FS

Asks all exempted companies for exposure in tainted group, is working towards automatic linking of provident fund accounts

CEA Subramanian backs Nayak panel's report on governance reforms in PSBs

The CEA also called for the diversification of business model by PSBs so that lenders were able to absorb any economic shock

RBI takes close look at 'standstill agreements', plans to tighten norms

RBI plans to tighten norms on such deals between promoters, lenders

EPFO hikes interest rate to 8.65%, move to benefit 170 mn subscribers

The EPFO now will be left with a surplus of Rs 151.67 crore by providing an interest of 8.65 per cent for the current financial year

Govt banks get Rs 48,239-crore capital boost to move out of PCA framework

The government has kept around Rs 5,000 crore as buffer for "any last-minute contingency"

EPFO investment in IL&FS has not turned bad: Audit committee member

The EPFO's CBT will decide the interest rate for subscribers for 2018-19 in its Thursday meeting

EPFO plans to invest over Rs 4,000 crore in CPSE ETF, Bharat 22 from FY20

From August 2015 to December 2018, the EPFO invested Rs 63,224 crore in ETFs

NSC junked idea to calibrate NSSO's labour survey with population numbers

The issue of linking the population estimates with the size of the workforce, the unemployed, among others, in the NSSO's survey report of 2017-18 was discussed in the NSC's last meeting on December 5

With Samadhan portal, industrial dispute resolution is now a click away

Through the portal, workers and their representatives or employers will also be able to submit relevant documents

RBI to pay Rs 28,000 cr interim dividend to govt; Das to meet bank CEOs

The dividend transfer will help the Centre meet its revised fiscal deficit target of 3.4% of GDP for FY19

Joblessness among educated, skilled rose sharply, shows NSSO survey

The NSSO survey defines a person to be educated if he/she has completed school studies till at least the secondary level (class 9th-10th)

Minimum wage for workers may rise by up to five times in 10 states

The government last year set up an expert committee to determine a new methodology for minimum wage

Expert committee suggests Rs 9,750 a month as national minimum wage

Considering a worker works for 26 days a month, the minimum monthly wage came to Rs 9,750

National Statistical Commission has approved NSSO report: Labour Minister

The government has not released the NSSO's PLFS report for 2017-18, which shows unemployment rate at a 45-year high of 6.1 per cent, even after the required approvals were in place

Unemployment rises across religions, social groups, shows NSSO survey

The unemployment rate was falling for all the major religious groups in the urban areas in 2011-12, compared to 2004-05

Share of regular, salaried workers in employment increases in 2017-18: NSSO

But the working conditions of regular, salaried workers worsened in 2017-18, with less people getting access to formal contracts, social security benefits and paid-leave benefits

RBI increases limit on collateral-free agriculture loans to Rs 1.6 lakh

In 2010, the collateral-free limit for crop loans and term loans was hiked from Rs 50,000 to Rs 1 lakh