Page 26 - Somesh Jha

EPFO data yet to stabilise, remains 'provisional' in nature

More than a year on, doubts over reliability for mapping jobs

Govt plugs gap to allow firms to benefit from fixed-term employment rules

Private sector firms not belonging to the central sphere were left clueless about the Centre's new rules concerning contract workers

PSB leaders likely to take spiritual and wilderness route to climb up

The training programme will contain thought leadership courses, group exercises, simulations, including role plays and situation analysis and personal explorations workshops

National Housing Bank raises cap on refinancing to Rs 300 billion

The NHB, a principal agency to promote and provide financial support to 97 housing finance institutions, had sanctioned Rs 88.35 billion till date

New variable pay formula to cover loss-making public sector banks too

A performance matrix has been framed by the IBA and PSBs will be put in six different categories based on their profitability

Unions call 2-day nationwide strike in Jan to protest anti-labour policies

RSS-affiliated BMS will not participate in the strike

If you earn below Rs 15k a month, you must link Aadhaar to your PF account

A government official said subscribers availing benefits of EPS will have to link their PF accounts with Aadhaar numbers

Performance-based fund infusion for public sector banks unlikely

State-run banks may not get capital based on their performance and reform measures

Govt to consider PSBs' demand to relax PCA framework for banking system

Finance Minister Arun Jaitley held the annual performance review meeting of PSBs on Tuesday and discussed wide-ranging issues, including the need for early capitalisation of banks this fiscal year

FM Arun Jaitley launches portal to grant MSME loans within an hour

The web portal, www.psbloansin59minutes.com, will enable in-principle nod for loans up to Rs 10 million within 59 minutes for MSMEs, Rajiv Kumar said

FM Arun Jaitley to meet PSB chief executives today, review performance

This is the first meeting that the government is holding with public sector bankers, following its announcement to merge Bank of Baroda, Dena Bank and Vijaya Bank

Relief after job loss: Who will fund the Atal Bimit Vyakti Kalyan Yojana?

Those who had subscribed to the ESIC for two years continuously will be allowed to avail of the unemployment benefit to the tune of 47 per cent of their total contribution

Nearly one-fourth of additions to the net EPFO are switched jobs

Nearly a fourth of the net payroll in the formal sector comprises people who are switching between jobs, the latest data released by the EPFO showed

ESIC approves unemployment benefit scheme for formal sector workers

Workers who are left unemployed for whatsoever reasons will be paid money, from their own contribution towards the ESI scheme, in cash through bank account transfer

PSB recapitalisation: Govt to inject Rs 23.5 bn into Central Bank of India

Capital infusion seen necessary for banks to maintain regulatory norms at the time of paying interest towards AT-1 bonds

Merger of BoB, Dena, Vijaya Bank may bring in savings worth Rs 10 billion

Credit rating agency Moody's on Tuesday said the merger of these banks would bring benefits of scale and governance

BoB, Dena, Vijaya Bank to merge; process completion may take 4-6 months

Amalgamated entity to be third-largest lender; govt to continue to provide capital support

Centre in a fix over amending British-era industrial labour law reform

Pressure from the labour unions had forced the Centre to dilute several proposals in the draft Industrial Relations Bill 2015

IL&FS to RKM Power, six stressed power projects move courts to buy time

Sources said SBI AND PNB had separately written to the RBI seeking more time for getting consensus of other lenders on a resolution plan for the stressed power assets

Parliamentary panel wants RBI to relax capital adequacy norms for PSBs

Capital adequacy ratio of banks is considered to be one of the key indicators of banks' health