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‘No work-no pay’ not for employees reinstated after full exoneration: HC

by AIP Online Bureau | Jul 20, 2024 | Indian News, Policy, Workplace/Employee Benefits

“It is apparent that on his reinstatement after the order of dismissal or removal is set aside, a government servant cannot be denied his entire pay and allowances for the period he was out of service,” the court said on Tuesday, allowing the petition...

Centre asks depts to timely review employees’ working to prematurely retire non-performers

by AIP Online Bureau | Jun 28, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy

In an order, the Department of Personnel and Training (DoPT) asked ministries concerned to direct the public sector undertakings (PSUs), banks, autonomous institutions and statutory bodies under their administrative control to undertake the exercise of periodic review...

Former Allianz employee pleads guilty to fraud over $7-billion funds collapse

by AIP Online Bureau | Jun 10, 2024 | Eco/Invest/Demography, International News, Non-Life, Risk Management

The case stemmed from the March 2020 collapse of the German insurer’s now-defunct Structured Alpha funds, which Tournant had created and oversaw as chief investment officer A former Allianz fund manager pleaded guilty on Friday over his role in a meltdown of private...

Nearly 67 pc startup employees looking for transition to established firms: Report

by AIP Online Bureau | May 29, 2024 | Data, Eco/Invest/Demography

About 25 per cent of the candidates have also attributed a lack of work-life balance in startups as a factor for their decision to join reputed concerns Nearly 67 per cent of employees working in startups prefer to move to established firms on account of job security,...

Centre allows woman employees to nominate son daughter for family pension

by AIP Online Bureau | Jan 29, 2024 | Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

Previously, family pension was granted to the spouse of a deceased government servant or pensioner, while other family members became eligible only after the spouse’s ineligibility or demise, the statement said New Delhi: In a path-breaking decision with...
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