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Household savings moving towards alternative investment avenues: RBI
Alternative investment avenues are becoming more attractive to...
Clearing time for cheques to be cut from 2 days to a few hours: RBI Governor
Shaktikanta Das,Governor,RBI “This means that cheques will be...
Shift towards digital banking is going to be permanent: SBI Chairman
“Progressively, we are seeing that there has been a shift away from branches and even from ATMs. The number of transactions on ATMs have come down from 55 to 29 per 100. On the other hand, the digital transactions, which are on mobile and internet banking, have gone to 55 out of 100 transactions,” said State Bank of India Chairman Rajnish Kumar
Next Insurance raises $250 million, valuation exceeds $2 billion
The round was led by CapitalG, Alphabet Inc’s GOOGL.O independent growth fund, with participation from existing investor Munich RE. This brings Next Insurance’s total funds raised to $631 million.
Businesses cheer, unions fear contentious Indian labour reforms
Under the Industrial Relations Code, one of the three new laws, companies employing up to 300 workers will not require government permission to lay off workers or close plants – an increase from the previous cap of 100 and a major demand from industry over the years.
The code also puts restrictions on the recognition of trade unions – making it mandatory for them to represent at least 10% of workers in a given sector – and prohibit them from striking without prior notice and during conciliation proceedings.
Long due labour reforms to ensure well-being of workers, give boost to economic growth: PM
New Delhi: Prime Minister Narendra Modi on Wednesday hailed the passage of key labour reform bills by Parliament, saying it will ensure well-being of workers and give a boost to economic growth. The new labour code universalises minimum wages, timely payment of...
Lok Sabha approves labour reforms amid union protests
The three bills – the Occupational Safety, Health and Working Conditions Code, the Industrial Relations Code and the Code on Social Security – are part of Prime Minister Narendra Modi’s ambitious moves to liberalise conditions for investment.
Lawmakers from Modi’s Bharatiya Janata Party said during the debate the new laws would provide social security benefits to workers, including ride-hailing companies like Ola and Uber.
TCS sets up 11 COVID-19 isolation centres for staff, their dependents
According to an email to employees, these centres will provide medical support to associates and their dependents (spouse, children and parents /parents-in-law) who are asymptomatic or mildly COVID-19 positive with no other co-morbidities or medical history/complications.
All the centres will have 24/7 medical cover, along with daily monitoring by trained professionals. The patients can even connect with a counsellor virtually during their treatment.
McDonald’s Seeks to Recoup Severance Paid Ousted CEO Over Sexual Affairs
Easterbrook’s severance package was worth $41.8 million when he left the Chicago-based company, executive pay firm Equilar has estimated.
But McDonald’s said Easterbrook no longer deserved that payout because of his “silence and lies,” and that had its board known the full picture it would have fired him “for cause.”
Zomato to give female employees up to 10 days of “period leave
“There shouldn’t be any shame or stigma attached to applying for a period leave,” Zomato chief executive Deepinder Goyal said in an email to staff on Saturday.
“You should feel free to tell people on internal groups, or emails that you are on your period leave for the day.”
Search for work from home jobs up 442% in India during Feb-July:Report
“Flexibility has always been a vital aspect of job opportunities for job seekers, especially millennials, who today make up over half of India’s working population,” Indeed India Managing Director Sashi Kumar said.
California scrutinising Amazon’s treatment of workers during Coronavirus outbreak
The lawsuit alleges unsafe practices such as having workers share equipment such as freezer suits and failing to allow extra time for safe social distancing.