Among the measures announced by the Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman on 23rd August, 2019 to arrest economic downturn, the following are noteworthy: * Allow Bharat Stage IV (BS-IV) vehicles (which are purchased till 31st March, 2020) to remain operational for the entire period of registration; * Government shall lift the ban on purchase of new vehicles for replacing all old vehicles by its various departments; *...
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Private sector salaries logged slowest growth in a decade -Vineet Sachdev
-Hindustan Times It is also the first time in seven years that the share of salaries in sales revenue has come down. Hit by decelerating sales growth, Indian companies are tightening spending on their Wage Bills. Private sector salaries recorded their worst growth in 10 years in fiscal year 2018-19. It was also the first time in seven years that the share of salaries in sales revenue came down. These results are...
More »RTI amendment: Usurping powers from Legislature and States -M Sridhar Acharyulu
-Down to Earth The National Democratic Alliance government's move is an assault on the independence of information commissioners, writes former Central Information Commissioner M Sridhar Acharyulu Alas! I thought the Narendra Modi government is strong enough after its re-election. But now it is scared of the Right to Information (RTI) and the Chief Information Commission (CIC), as if they are monsters who can harm the power of the powerful rulers. The Information Commissioner...
More »No single minimum wage floor under the Wage Code bill -Prashant K Nanda
-Livemint.com * Minimum wage is a contentious issue for both industries and workers’ groups, said an official * The economic survey had mentioned that a national mandatory minimum wage is a requirement New Delhi: India will not have a single mandatory minimum wage floor as talked earlier as the the union Labour ministry has stayed away from making it part of the wage code bill. Instead it has left this important provision open...
More »Opposition attacks Modi govt's new labour law, calls it a fraud on workers -Krishnanand Tripathi
-The Financial Express Labour Laws: The new code proposes to merge four laws but it has come under criticism from the opposition. The Code on Wages, 2019: The Opposition has come down heavily the Code on Wages, 2019 introduced in the Lok Sabha on Tuesday, terming it anti-worker. The legislation introduced by labour minister Santosh Gangwar leaves fixing of minimum wages to state governments instead of recommending a national minimum wage. The...
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