-Newsclick.in The Labour Ministry introduced the Code on Wages Bill 2017 in the Lok Sabha on August 10, with the ostensible aim of ensuring a statutory national minimum wage and other protections to all wage workers in the country. The Code seeks to replace the four existing laws relating to wages – the Payment of Wages Act, 1936; the Minimum Wages Act, 1948; the Payment of Bonus Act, 1965; and the Equal...
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Govt is working on simplifying labour laws: Santosh Gangwar
-PTI NEW DELHI: The government is committed to labour reforms and simplification in the related laws to safeguard workers' interest, Labour and Employment Minister Santosh Kumar Gangwar said on Sunday. Listing a slew of steps to protect workers' interest, the minister said provisions have been made in the Employees' Compensation (Amendment) Act, 2017 to increase the penalty for its contravention from Rs 5,000 to Rs 50,000, which is extendable to Rs 1...
More »Revisiting demonestisation: 'If the notes have come back, why not the lost jobs?' -Abhishek Dey
-Scroll.in In Delhi’s largest industrial area, many are still struggling to find work. “If 99% of the demonetised currency has returned [to the banking system], then why haven’t the jobs that demonetisation took away from us come back too?” asked Bajrang Yadav, 45, standing in a waterlogged lane outside his home in a slum cluster in West Delhi’s Mayapuri area last Sunday. Yadav was referring to the Reserve Bank of India’s annual report...
More »Centre approves the merger, consolidation of public sector banks
-Scroll.in Principal Economic Advisor Sanjeev Sanyal said the government wants to reduce the number of PSU lenders to 10 to 15 from the current 21. The Union Cabinet on Wednesday gave its in-principle approval for the merger and consolidation of public sector banks, reported ET Now. The Cabinet gave the go-ahead to set up a mechanism to carry out such mergers. The move is aimed at improving the efficiency of public...
More »How a Bihar NGO siphoned off crores in govt funds under govt nose -- with some help -Santosh Singh
-The Indian Express Srijan Mahila Vikas Sahyog Samiti Limited, providing vocational training to women and selling pickles, allegedly pilfered funds from Bhagalpur district administration’s various accounts for at least half a dozen welfare schemes. Bhagalpur: Over 10 years and across two governments, of JD(U)-BJP and the RJD-JDU, one Bhagalpur NGO allegedly siphoned off an estimated Rs 700 crore of public funds. Nine FIRs and 12 arrests later, the Bihar government ordered...
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