The labour ministry’s proposal to hike minimum wages to Rs 7,100 per month is based on a calculation that estimates prices of pulses at Rs 65 per kilogram, edible oil at Rs 80 per litre and non-vegetarian items at Rs 80 per
The revised bilateral investment treaty seeks to exclude taxation steps, commercial contracts between domestic and foreign firms from arbitration but is likely to have many changes to make it more investor-friendly.
DK Pant, chief economist India Ratings pointed out that the low crude oil prices have given a cushion on the oil subsidy as well as have led to higher collection of excise duty that jumped to Rs 37,545 crore in the first quar
The scheme would, however, be available only for low-cost housing and subscribers whose monthly salary is less than Rs 15,000. These workers constitute about 70 per cent of the EPFO’s five crore subscribers.