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Govt may contain fiscal deficit at 3% in FY20 after RBI's surplus transfer

The fiscal deficit target seemed challenging with subdued tax collections

Take-home salary may rise under new Employees' Provident Fund law

At present, 24 per cent of a worker's basic pay is deducted - with 12 per cent each counted as employer's and employee's share - towards the EPF savings

Banks may restart lending after Rs 70,000 cr boost but with caution

A significant portion of the capital provided would be tied up in boosting core capital and provisioning against bad debts which would limit the ability of bankers to lend

Govt to infuse Rs 70,000-cr capital into public sector banks: FM Sitharaman

The capital infusion, ahead of the festive season, will boost banks' lending capacity by an additional Rs 5 trillion

EPFO to allocate equity investments equally in Nifty and Sensex firms

Decision against hiring private fund managers

Banks may seek consent before allowing transfer of funds to your account

The move is a follow-up to instances of illicit deposits - after demonetisaton - in bank accounts opened under the Pradhan Mantri Jan-Dhan Yojana

Govt adopts a new approach to bring reforms in public sector banks

FinMin has asked govt-owned banks to capture 42 questions on credit, non-performing assets, Mudra loans, agriculture

Jalan committee finalises report on RBI reserves; board meet on Aug 23

The Jalan committee report will not have the views of former finance and economic affairs secretary Subhash Chandra Garg

Jalan panel reviewing RBI's economic capital framework to meet on Wednesday

This will be the first meeting of the six-member expert committee since Subhash Chandra Garg was abruptly shifted from finance to power ministry last month

Banks to get two-year guarantee to purchase 'pooled assets' of NBFCs

The government has allowed the NBFCs and HFCs to buy back their assets 'after a specified period of 12 months' as a repurchase transaction, on a right of first refusal basis

Bill proposes that firms seek employees' written consent for overtime work

Bill introduced in Parliament removes provision on specific overtime work hours

Govt drops plan for easier retrenchment, moots fixed-term employment

The government had earlier proposed allowing factories with up to 300 workers to retrench, lay off, or shut shop without seeking its nod in the Industrial Relations Bill proposed in 2015

Subhash Chandra Garg's exit: Jalan panel seeks RBI's views on ECF report

Subhash Chandra Garg had refused to sign on the report finalised by the former Reserve Bank of India (RBI) governor Bimal Jalan-led committee

Minimum wage rationalisation on cards: Here're the govt's key proposals

These proposals were a part of the Code on Wages Bill, 2019 and the Code on Occupational Safety Health and Working Conditions Bill 2019

Modi govt proposes major labour law changes for ease of compliance

Single registration will be coupled with single licence, along with a single return, for executing projects for five years

Last-minute change led to decision of cryptocurrency ban by govt panel

In fact, in the first meeting of the committee, which was held on November 27, 2017, the committee had broadly agreed that "the banning option is difficult to implement"

Govt to propose annual licence for hiring contract workers across projects

Labour and Employment Minister Santosh Kumar Gangwar is likely to introduce the Code on Occupational Safety Health and Working Conditions, 2019, in the Lok Sabha on Tuesday

Centre to fix a single mandatory floor on minimum wages for states

Overhaul in salary structures of private sector firms on cards

Jalan panel proposes 'nominal' transfer of RBI funds to govt over 3-5 years

The committee has recommended a periodic review of the RBI's economic capital framework, according to a source

Investigators may grill banks on closure of Jet Airways' forensic audit

SFIO is probing the Jet accounts for allegedly violating the Companies Act, while the ED is looking into the stake sale of the carrier's loyalty programme