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How India can solve its $260-billion stressed debt problem

An alternative investment fund (AIF) for our finance industry will at least rekindle sentiments.

Code on Wages

Dec 13, 2019, 08.05 AM IST



House panel to vet two labour codes

Ministry feels delay is essential as bills’ technical provisions are significant. The ministry has decided to seek the committee’s views as it feels the proposals will have farreaching implications, but the move may slow down the pace of labour reforms being pushed by the government.

Social Security Code Bill introduced in Lok Sabha

The Bill proposes setting up a social security fund using corpus available under corporate ...

Hindustan Aeronautics' management, workmen sign pact for wage revision

Hindustan Aeronautics Ltd on Wednesday said a pact has been signed bet...

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  • The CBI has registered a case against Mumbai-based P&S Jewellery and three of its directors, one of them a former director of All India Gem & Jewellery Domestic Council, for allegedly causing a Rs 568 cr loss to a consortium of eight banks including SBI, Union Bank, BoB, Andhra Bank, Vijaya Bank, Central Bank of India, Canara Bank & Syndicate Bank .

    Piyush Goyal said as regards reforms in the tax system, it is stated that through the Taxation Laws (Amendment) Ordinance, 2019 (the Ordinance), corporate tax rates were reduced to 22 per cent plus the applicable surcharge and cess for all domestic corporate persons not claiming any deduction or incentive.

    “Trai has revised the mobile number portability (MNP) process... UPC will be generated only when the subscriber is eligible to port out his mobile number," Telecom Regulatory Authority of India (TRAI) said in its public notice issued on Tuesday. The revised MNP process will be implemented from December 16.

    Senior advocate Vikas Singh, appearing for Upadhyay, said the government has to make its stand clear, whether it has recommended for drafting a UCC to the Law Commission or not.

    A bill which seeks to provide for stringent punishment, including death penalty or life imprisonment, to those involved in piracy at sea was introduced in Lok Sabha on Monday.

    The industrial relations code is the third of four labour codes that have got approval from the Cabinet. The Bill consolidates essential elements of three laws—the Trade Unions Act, 1926, the Industrial Employment (Standing Orders) Act, 1946, and the Industrial Disputes Act, 1947—helping improve ease of doing business.

    New Bill gives employees option to reduce their PF contribution, resulting in higher take-home pay.

    The Cabinet is likely to approve relevant changes to the three-year-old Insolvency and Bankruptcy Code at the earliest. This will bring much-needed confidence to buyers of distressed assets, acquirers who were otherwise wary about the over-reach of the investigative authorities. Amendments to the IBC, which came into effect in December 2016, will require eventual parliamentary approval.

    Money managers “didn’t know that this OPEC decision was coming,” Rob Haworth, who helps oversee about $150 billion at U.S. Bank Wealth Management in Seattle, said Friday. “They have yet to price in the OPEC+ decision today.”

    Anupam Thareja believes that part of this evolution has descended from how masculinity is viewed today.

    The labour code on Industrial Relations 2019, cleared by the cabinet last week, also says that fixed-term employees will get all statutory benefits like social security, wages, etc. on par with the regular employees who are doing work of same or similar nature. The Bill is expected to be introduced in parliament on Wednesday.

    Union Home Minister Amit Shah has asserted the NDA government's resolve to amend the IPC and the CrPC to make them more conducive for the country, amid the debate on delay in criminal justice delivery system, especially in heinous crimes like rape.

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