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Formula on cards to distribute insolvency funds: Corporate Affairs Secy

Srinivas said the "only problem" between financial and operational creditors during the litigation process in bankruptcy cases remains the amount of recovery that the creditors get

Govt reviewing proposal to allow workers to switch between EPS and NPS

Option for workers being reconsidered after reactions from employees and employers in recent meetings

Clear govt dues of Rs 9,100 crore towards pension schemes: EPFO to FinMin

At present, 8.33% of wage up to Rs 15,000 a month is remitted to the EPS account of a worker.

Writing labour laws for growing 'gig workers' prove a laborious process

A draft social security law has employers who rely on flexible hiring worried about rising costs

Corporate tax cut will not benefit banks: PNB MD & CEO S S Mallikarjuna Rao

In an interview with Somesh Jha, Rao spoke about the road map of the amalgamation and how the corporate tax cut and repo rate-linked products will impact the finances of banks

Women's employment in focus as govt starts talks to boost job creation

The move comes at a time when the gross domestic product (GDP) growth has slipped to a six-year low of 5 per cent in the first quarter of this financial year (FY20)

Colour but no credit: Loan 'mela' kicks off, but without spot approvals

Although letters of loan sanctions were handed out to customers at the mela, most of these were already under process for some weeks at the branch level

Has Modi govt put foreign sovereign bonds scheme on back burner for now?

During her Budget speech, Finance Minister Nirmala Sitharaman had said the government would start raising a part of its gross borrowing programme in external markets in foreign currencies

EPFO audit shows serious gaps in management of provident fund accounts

While the audit is still in progress, some of the reports have been submitted to the EPFO headquarters for necessary action

No liquidity crisis: FM after 'tonic-like' meeting with private banks

Says sentiment driving lower passenger vehicle sales, says Finance Minister Nirmala Sitharaman

PMC Bank crisis: No need to get into this now, says FM Sitharaman

The government's intention is to have a stable environment, she said

Govt might seek extension of ECB to boost NBFC credit in economy

May ask RBI for relaxed co-origination norms

FM to discuss external benchmarking of loans, MSME credit with pvt bankers

Finance Minister Nirmala Sitharaman is expected to hold a press conference at around 7 pm today

Govt may set up GoM to expedite merger of three insurance companies

Frail financial health of firms, difference of opinion among depts creating a roadblock

Trade unions of public sector banks call off two-day nationwide strike

AIBOA, the Indian National Bank Officers' Congress and the National Organisation of Bank Officers had called for a two-day strike opposing the amalgamation of banks

Contract workers may get gratuity before completing five years of service

Currently, workers are not entitled to gratuity before completing five years of continuous service, according to the provisions of the Payment of Gratuity Act, 1972

Loan camps by public sector banks, NBFCs in 200 districts from October 3

The loan camps are being held later than the scheduled date of September 24-29 as lenders will be involved in finalising their balance sheets during this period

FM Nirmala Sitharaman announced loan 'mela' despite banks' reluctance

PSB executives were not too sure if they would be able to not classify all the stressed loans of micro, small, and medium enterprises (MSMEs) as non-performing assets (NPAs) till March 2020

Loan 'melas' are back: PSBs to hold credit meets in 400 districts, says FM

Stressed MSME assets will not be labelled NPAs till March 31, 2020

Govt dilutes proposal to give universal social security coverage to workers

In the latest draft of the Code on Social Security Bill, 2019, the government has decided to stick to the current thresholds for providing social security benefits to workers by industry