‘NHAI capable of raising requisite funds from market’
For the current fiscal, the National Highway Authority of India (NHAI) has set a target to build 4,500-km national highways.
Covid effect: MSME definition to be widened further, here’s what Centre planning
Days after announcing a new set of criteria to define micro, small and medium enterprises (MSMEs) on which various official benefits will be extended, the government is considering a proposal to widen the definition again —
States’ labour reform moves hit hurdle; Centre may say ‘no’ to key changes
A senior functionary with the Union labour ministry told FE that suspension of labour laws by the states under the Factories Act can’t last for more than three months at a time.
How delayed mining approvals dampening investor spirit
Sitharaman last week announced a plan to auction off as many as 500 mineral blocks over an unspecified period, but given the pace at which even the auctioned blocks turn operational, the investment landscape in the sector doe
Outlay for rural jobs scheme raised 65% to Rs 1,01,500 crore
The finance minister said with the infusion, nearly 300 crore person days of jobs can be generated under the scheme and a larger number of durable and livelihood assets can be created.
FM Nirmala Sitharaman’s big reforms push in mining, but no action on high levies
With 500 mining blocks to be auctioned – no timeline has been given, though – along with a Rs 50,000 crore investment to ramp up critical infrastructure, and significant improvement in the process of getting mining licens
Delayed EPFO payment not to attract penalty
Depending on the duration, delayed payment now attracts penalty of between 5% and 25% on the shortfall of payment of dues.
Jaypee Infra resolution: Jaiprakash Associates moves NCLAT against NCLT order
Jaiprakash Associates (JAL), the parent firm of Jaypee Infratech (JIL), has moved the National Company Law Appellate Tribunal (NCLAT) challenging the March 3 order of the National Company Law Tribunal (NCLT).
PM pension schemes for very poor, small traders get off to a slow start
The two old-age pension schemes launched last year – one for the poorest of the poor namely street vendors, rickshaw pullers and rag pickers and the other for self-employed and small traders – have had only modest starts.
Govt footing EPF bills of some firms for short period welcome, but it has been big defaulter: Ex-central provident fund commissioner KK Jalan
This facility provides liquidity support to employers, but is of no benefit to employees. Rather, employees will lose due to the delayed deployment of their funds by EPFO and resultant loss of interest income.
Covid-19 crisis: Labour productivity goes hand in hand with workers’ interests, says BJD MP
The changes have happened not only in some BJP-ruled states, but also in Congress-ruled states like Rajasthan and Punjab where working hours have been extended by four hours, but that four hours will be treated as overtime.
MGNREGS: Govt spends 35% of FY21 budget in 40 days
The Centre has released Rs 21,753 crore or 35% of the annual budget outlay under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MG-NREGS) in the first 40 days of the current financial year, as it sought to use
States suspend/relax labour laws to help industry emerge from crisis
The laws that will remain in force in UP during the three year period include those which provide basic facilities and security to the labourers.
NHAI defers plan to generate funds by leasing off its assets
The National Highways Authority of India (NHAI) has put its plan to monetise operational publicly-funded highway projects on hold for two months, given that investors might not commit long-term investments at this juncture, d
Trade unions want timeline for employers on delayed contributions to EPFO
Trade unions are of the view that the retirement fund body should set a definite timeline for employers to deposit the money already deducted from employee’s monthly salary.
Highway projects: Infrastructure panel wants HAM curtailed, favours BOT model; here’s why
The Hybrid Annuity Model (HAM) for highway projects that insulates private developers from virtually any commercial risks, is putting stress on the highly-leveraged balance sheet of the National Highways Authority of India (N
Migrant workers: House panel opposes move to cap minimum wages
The Centre’s bid to arrogate to itself the power to fix the wage floor for inter-state migrant workers in the name of uniformity across the country has hit a hurdle.
Fixed-term employment: House panel for defining job tenures, adding safeguards
FTE workers/employees are entitled for all the benefits (except retrenchment compensation as termination of service as a result of completion of the tenure of FTE would not be considered as retrenchment) which are available t
NBCC moves NCLAT challenging NCLT order on Jaypee Infra resolution plan
The NCLT also allowed JIL’s fixed deposit holders, who have not filed their claims within the statutory timelines, to continue their claims even after approval of the resolution plan.
COVID-19 relief measure: Firms may get EPF relief for April too
The due date for depositing statutory contributions, aggregating one-fourth of one employee’s monthly wages, towards provident fund, to be deposited by an employer, falls within the first 15 days of the next month.
COVID-19 crisis: Hit by liquidity crunch, SAIL looks to conserve cash, push recoveries
Employees have been directed to reach out to customers and maintain continuous offtake of finished steel from the plants so that cash flows are maintained and consequences of a liquidity crunch are avoided.
Livelihood support: ESIC reserves to help low-income workers
The government, experts point out, is charging excess amount to the employers and building surpluses under various schemes including EPF and ESIC.
Fighting Rural Distress: Modi govt speeds up release of funds under MGNREGA
“Given the nature of the crisis, that (RE) is when the government will take a call. We don’t apprehend a problem," said the official.
Relief to construction workers: 18 states transfer Rs 1,000-5,000 each in 1.8 crore beneficiary A/Cs
As on September 30, 2018, India had around 3.2 crore registered construction workers of which the highest were in Uttar Pradesh at 42 lakh followed by 31 lakh in West Bengal, 30 lakh in Madhya Pradesh, 29 lakh in Tamil Nadu a
COVID-19 lockdown: How national highways construction will take a hit
After a fiscal that saw the pace of work slowing down, a first for the NDA govt, FY21 is likely to be impacted by Covid-19 and its aftermath.
Centre non-committal on extra aid to pension schemes during Covid-19 period
Under both the schemes, a monthly pension of Rs 3,000 is guaranteed to the beneficiaries after attaining the retirement age.
Lockdown impact: March toll collections down a third, April may draw a blank
To slow the spread of the deadly coronavirus, the Prime Minister announced a 21-day lockdown of the nation with effect from March 24 midnight.
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