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RBI monitoring NBFCs to prevent systemic shocks; better companies getting pre-IL&FS rates
Central bank’s watching the top 50 NBFCs much more closely and is making deep dive into their books, their balance sheets and other numbers wherever necessary, says Governor Shaktikanta Das. He said that RBI has a fairly good idea of where the vulnerabilities lie. It is holding periodic discussions with the management and promoters of NBFCs.
Government sets in motion process to revamp criminal laws
The new structure and content of criminal laws will be citizen centric, reflect the...
Salaries in India likely to rise by 9.2 pc in 2020; inflation-adjusted real-wage at 5 pc: Report
India's salary growth for 2020 stood at 9.2%...
Govt introduces Labour Code on Industrial Relations bill in Lok Sabha
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.
States’ views sought on need for mob lynching law
The matter came up in the Upper House with Tiruchi Siva asking the govt why the President of India has not yet given assent to the Bills on mob lynching that have been passed by Manipur & Rajasthan and if there is a time frame within which this nod to the legislation will be given. Minister of State said at present mob lynching cases are tried under various Sections.
Industrial Relations Code: Non-renewal of contract won’t be retrenchment
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.
Committee to suggest necessary amendments in IPC, CrPC to curb mob lynching
Amid demand by members for a separate law to curb mob lynching, Home Minister Amit Shah on Wednesday said in Rajya Sabha that the government has set up a committee to suggest necessary amendments in the Indian Penal Code (IPC) and Code of Criminal Procedure (CrPC) to deal with it.
Delhi HC dismisses plea challenging Harsh Vardhan's election
Justice Navin Chawla allowed the Centre's application which claimed that no grounds were made out for challenging the BJP leader's election.
Pakistan waging proxy war as it can't win conventional one: Rajnath
Defence Minister Rajnath Singh on Saturday said Pakistan was indulging in a "proxy" war as it had realised that it cannot win a "conventional" one.
Now, anyone can create AR/VR content, with zero coding knowledge
Founded in 2017, AR/VR startup Scapic positions itself as a company which can help businesses with all that is needed to market, sell and manage their products using tech enabled experiences. All this without knowing any coding.
Keep small companies out of safety compliance: Indian Staffing Federation
“It would be practically difficult for small establishments to get registered and comply with the code engaging additional administrative and other personnel to monitor the health and safety parameters as envisaged in the code,” said Indian Staffing Federation president Rituparna Chakraborty.
HR Khan to take charge of microfinance code from December
MFIN wanted a heavyweight for this CRL project, which is a self-regulatory step for a diverse set of lenders engaged in microfinance such as banks, small finance banks, non-banking financial companies (NBFC), NBFC-MFIs and not-for-profit firms.
Cabinet approves code to allow fixed-term employment
Fixed-term employment, which the govt had allowed for all sectors last year, has now been codified.
Govt ready to amend law to ensure swift justice in cases of crime against women: Reddy
Reddy's statement in the House came as one member after another mentioned the ghastly crime, in which a veterinary doctor was raped, killed and then set on fire, while raising various issues during the Zero Hour. Nama Nageswar Rao of the TRS, which is in power in Telangana, said the state government had given highest priority to cases of crime against women.
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