Page 7 - Somesh Jha/workspace/business Standard Web/undefined

FM Sitharaman to review credit flow with public sector banks on Tuesday

She will take stock of the Emergency Credit Line Guarantee Scheme announced recently.

PSBs disburse half of the sanctioned credit guarantee scheme loans

State Bank of India contributed to 75% of the total loan disbursements of Rs 8,320 crore till June 5

More regular-income labour denied social security before Covid-19 hit India

Though more firms were switching to formal sector and paying workers regular wages, that didn't necessarily mean they were passing on social security benefits to them

Unemployment rate falls to 5.8% in 2018-19 from over a four-decade high

The unemployment rate in 2017-18 had risen to 6.1%, compared to 2.2% in 2011-12, according to the results of the Periodic Labour Force Survey released by the National Statistical Office.

Going back to basics: Make labour laws simple, protect workers' rights

It's not just the inability to downsize that constrains it but opaque hiring practices and the illogic of size-based legal thresholds that encourage companies to stay small

Govt unlikely to press for hike in GST rates for non-essentials next month

However it will have to find ways in which essential and non-essential items can be segregated

Fourth tweak in social security Bill likely to cover more workers

The current social security laws in India exclude about 90 per cent of the workforce - mainly in the unorganised sector.

Doing away with labour laws is not feasible: Santosh Kumar Gangwar

Labour and Employment Minister Santosh Kumar Gangwar tells Somesh Jha that most workers have returned home and they will join back the workforce after monsoon.

Rajasthan govt withdraws order increasing daily working limit to 12 hours

Congress-ruled Rajasthan was the first state to increase the working hour limit to 12 hours from 8 hours through an order issued on April 11

ILO reaches out to PM Modi over labour law changes in various states

The ILO has acted upon a complaint by ten central trade unions earlier this month, objecting to the ordinances proposed to temporarily scrap the labour laws

No community transmission of Covid-19 a falsehood: noted epidemiologist

In a Q&A, Jayaprakash Muliyil, former Principal, Christian Medical College, explains why the lockdown was of little help in containing the virus

Labour Ministry to object to states' Ordinance plan on labour laws

UP, Gujarat govts are seeking to suspend major labour laws via this route; ministry firming up its response

MP govt sends proposal for changes in labour law to Centre for approval

In a first-of-its kind proposal, the state govt said in a press statement that it had proposed making the Factories Act, 1948, applicable to units hiring at least 50 workers, instead of 10 and 20

Centre passes the baton on to States for initiating labour law reforms

It is pushing the states to undertake they reforms without taking the Ordinance route to codify the laws

Govt withdraws order on compulsory wage payment by firms during lockdown

Trade unions slam decision, employers welcome it, saying it was absolutely necessary especially in absence of grants from govt to industry for wage payment

Need permanent changes, policy predictability and flexibility: Mukesh Aghi

President, CEO at US-India Strategic Partnership Forum, Mukesh Aghi says that India needs a transparent policy environment

Why rejig in labour laws will not help and holistic reforms are essential

Radhicka Kapoor, senior fellow at Indian Council for Research on International Economic Relations, said the government has to create policies for boosting demand

UP govt withdraws order increasing daily working hours to 12 from 8

The UP government's Ordinance, however, proposes increase in working hours from 8 to 10 hours a day

EPFO relief for 650,000 employers: no penalty for late EPF deposits

Under existing rules, once companies file their returns, known as ECR, they must also subsequently submit the EPF payments of employees at one go. Not doing so attracts a penalty

Gujarat's labour law exemption Ordinance sent for President's assent

Companies set up within a year of the law coming into effect will be eligible for exemption from almost all the labour laws for 1,200 days