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Modi 2.0: Codes on wages, safety to be first push for labour reforms

The National Democratic Alliance (NDA) government in its previous tenure had proposed combining 35-odd labour laws in four codes

CEA Krishnamurthy Subramanian to continue two-volume Economic Survey

Sources said the first volume will also likely include a chapter focusing on the regulatory framework for credit rating agencies

After a dramatic increase in unemployment rate, NDA has its job cut out

They hold the key to India's low-growth-high unemployment paradigm but the government may struggle to push them through this time as well. Somesh Jha explains why

Modi govt to draft code on social security and welfare for the third time

Both trade unions and industry bodies had raised objections to some provisions in the proposed law

Govt reduces rate of contribution towards ESI scheme, employers to benefit

Government decision may lead to annual savings to the tune of Rs 9,000 crore for the industry.

Consensus eludes RBI-appointed Jalan panel on economic capital framework

One of the key mandates of the committee was to determine the level of surplus that the RBI should hold

NHB notification asks housing finance companies to increase liquid assets

HFCs have to in keep 13 per cent as liquid assets--instead of 12.5 per cent earlier--with the remaining share of public deposits to be kept in the form of term deposits or certificate of deposits or i

RBI's one-day default norms had put companies in a fix: Sunil Mehta

PNB chairman Sunil Mehta, who conceptualised the inter-creditor agreement adopted by RBI, says the central bank's new circular on resolving stressed assets is practical.

Chief statistician to head NSO: Govt modifies restructuring order

The previous order had mentioned the secretary of the MoSPI as the head of the NSO and had not mentioned the chief statistician anywhere

Banks likely to cut lending, deposit rates by 20 bps in four months

State Bank of India's cash credit and overdraft rates will become cheaper by 25 bps from next month

Transparency push: Centre will provide unit-level data free of cost

This means the unit-level data for the periodic labour force survey (PLFS) 2017-18, which was at the centre of a controversy recently, will be available for free to researchers and analysts

Govt to formalise PSU general insurance consolidation plan in three months

However, the insurance firms are financially crippled and may need to be recapitalised before merger, and the new govt may also take a call on it

Urban unemployment rate at 9.7% in Q3CY18, reveals NSSO report

60% of the urban population was employed in the services sector during 2018

Job crisis for real as unemployment hits 6.1%, highest in 45 years

Business Standard was the first to report in January that the unemployment rate had risen to a 45-year-high, quoting NSSO's periodic labour force survey.

Govt likely to adopt Bank of Baroda-like model of merger for PSBs

The central government has to consult the RBI before formulating a plan for PSB merger

NHB directs bigger housing finance firms to appoint chief risk officer

Recently, the liquidity-starved DHFL had said it won't allow premature withdrawals of its deposits

PNB posts net loss of Rs 4750 cr in Q4 on higher provisioning for bad loans

The bank's gross non-performing assets (NPA) declined to 15.50% by March 2019, compared to 18.38% by end of December 2018

Centre to bite the bullet on labour reforms, wage code Bill first priority

After assuming power in 2014, the NDA government had planned major reforms in labour laws in the form of codes

In a major statistical system overhaul, govt plans to merge CSO, NSSO

The merged entity to be called NSO according to an order passed on May 23

Arun Jaitley holds meeting on next budget amid rumours of ill health

Officials present at the meeting said Jaitley was in good health and looked fit to join the cabinet of the NDA government's second tenure