Page 4 - Somesh Jha

Govt proposes liberal hire-and-fire rules for firms with under 300 workers

Proposal will be a part of the Code on Industrial Relations, 2020 scheduled to be introduced by Labour and Employment Minister Santosh Kumar Gangwar in the Lok Sabha

Gig firms to contribute 1-2% of turnover for social security of workers

Workers will be entitled to life and disability cover, accident insurance, health and maternity according to proposal to be introduced in Lok Sabha today.

Lenders want govt to offer moratorium interest relief to borrowers

Waiver may cost banks Rs 10,000 cr, says IBA

ESI subscribers to get Covid unemployment allowance within 15 days of claim

Payment will be made into bank account of insured, Aadhaar to be used for identification

Worries as NPAs under Mudra scheme rise to 5% for public sector banks

The NPAs of public sector banks (PSBs) under the Mudra scheme stood at 4.9 per cent in 2019-20 - a big jump from 3.7 per cent in 2018-19 and 3.4 per cent in 2017-18

Govt to infuse Rs 20,000 cr in public sector banks; seeks parliamentary nod

The government has infused Rs 3.5 trillion in PSBs in the last few years, with the previous round of recapitalisation taking place in September 2019

Govt to infuse Rs 20,000 cr in public sector banks; seeks parliamentary nod

The government has infused Rs 3.5 trillion in PSBs in the last few years, with the previous round of recapitalisation taking place in September 2019

Govt may extend time limit for emergency credit line guarantee scheme

Since the launch of the scheme, industry bodies have pushed the government to relax conditions that accompany the scheme as they felt it restricts benefits to only a small cross section of companies

SC gives Centre two weeks for final proposal on loan moratorium interest

No more adjournments, says bench; next hearing Sept 28

Gig firm contributions towards staff social security to be mandatory soon

Code approved by Cabinet will also have provisions enabling self-employed workers to make voluntary contribution towards EPF schemes; Gig workers to enjoy ESIC benefits as well

EPFO to pay 8.5% interest for FY20 in two instalments, cites Covid impact

Organisation is considering crediting interest rate in a staggered manner with the remaining 0.35% to be paid in December 2020

Covid-19 treatment cost must not fall on migrant workers: Govt tells states

Labour ministry guidelines say workers returning to cities must get housing, health insurance, facemasks

How 3 labour codes aim to reform employment contract, layoffs, work safety

Legal changes will grant contract workers equal statutory social security benefits as regular workers of a business

'Sufficient comfort': State-owned lenders back RBI loan restructuring norms

Loan recast ratio guidelines will ensure strong companies make use of the restructuring window, says one executive

EPFO settles 9.4 mn claims of formal sector workers since Covid-19 outbreak

The partial EPF withdrawal by private sector workers doubled during this period compared to last year

Covid-19 selloff in March eats into EPFO equity returns in FY20

Investments accrue return of -8.3 per cent for the fiscal, down from 14.7 per cent in the previous fiscal

FM tells banks to frame loan recast scheme for all viable units by Sept 15

Lenders told to put in place FAQs on recast on their websites in multiple languages

Contribution-based pension accounts for new EPFO subscribers soon

The move will help higher-income group workers to get higher pensions and is aimed at making the pension fund of the EPFO, which is in deficit, more sustainable

Loan recast: Bank of Maharashtra to put 'conflict of interest safeguards'

Lender would be "purely" looking at cash flow as a key parameter for approving proposals; borrowers must prove Covid-19 pandemic has impacted them

FM Sitharaman to hold review meeting with lenders on loan recast scheme

Most state-owned bank execs expect 5-7% of their loan books will require restructuring