Regulation

UAE allows private companies to change employee contracts: How will this impact foreign workers?

With coronavirus scare and lockdown threatening employee job security across industries and particularly those of foreign workers abroad, an announcement by UAE's Minister of Human Resources and Emiratisation allowing private companies to change their contracts with employees could indicate layoffs and pay cuts for the migrant workforce. Let's gauge the impact of this move on foreign workers.

Mar 30, 2020

Citizens plea to govt for temporary break on EMI, loan repayments in its economic relief package

Indian citizens took to Twitter and social media yesterday in a plea to the government to impose a temporary pause on EMIs and loan repayment as a part of the economic relief package.

Mar 26, 2020

RBI's moratorium on Yes Bank affects operations of its digital partner PhonePe

The digital payment service provider PhonePe dependent on Yes Bank for processing its transactions was impacted by the moratorium issued by RBI, resulting in service shutdown for long hours.

Mar 6, 2020

Google, Facebook and Twitter oppose new set of internet regulations, threaten to suspend services in Pakistan

Failure by social media giants to comply with the new set of digital regulations imposed by Pakistan's Tehreek-e-Insaaf government will result in heavy fines and possible termination of services.

Mar 1, 2020

Bank employees' unions to call for a nationwide three-day strike from March 11 to 13

The bank employees' unions have warned to go on a three-day strike from March 11 to 13 and an indefinite strike from April 1, if their wage demands go unmet.

Feb 28, 2020

Government permits 100% FDI for insurance intermediaries

Government eases FDI norms for the insurance sector to enable foreign brokerage companies to buy stake in the Indian companies. FDI for insurance companies is still capped at 49 per cent.

Feb 27, 2020

note, cash, note ban, investment, mf, mutual fund, mutual funds, uti equity fund, demonetisation, rbi, atm, tax collection

Withdrawing EPF before completion of 5 years? You need to read this

There should not be any gap in contribution to EPF to avail of the continuous service clause. For those unaware, Employees' Provident Fund (EPF) is taxable if withdrawn before the completion of five years of continuous service.

Feb 25, 2020

Warning: Bank unions could go on indefinite strike from April 1

Indian bank unions have called for multiple nationwide bank strikes to protest wages among other things. Here's what customers should be prepared for.

Jan 24, 2020

Tata-Mistry clash: NCLAT orders Tata Sons to reinstate Cyrus Mistry as chairman

National Company Law Appellate Tribunal terms appointment of N Chandrasekaran as executive chairman of Tata Sons illegal; gives four weeks' time

Dec 18, 2019

Will US Fed take Digital India's help on Google cue and replicate UPI system?

Google has cited Google Pay experience with India's flagship mobile real-time payments system UPI launched in 2016; the system topped 120 crore transactions in November valued at Rs 1.89 lakh crores.

Dec 15, 2019

Will tenfold hike in aircraft safety breach fines curb rising aviation failures?

Rising incidents of technical snags forced the government to amend rules to raise the fines ; the maximum fine may go up to Rs 1 crore from Rs 10 lakh.

Dec 13, 2019

Will UP Cabinet nod for Zurich deter GMR from pushing for Jewar airport stake?

Zurich International Airport bagged the bid by quoting the highest per-passenger return to the government from the green-field project that will be India's largest with six runways.

Dec 9, 2019

Big boost to middle-income segment on the cards as income tax rates may be cut

Finance Minister Nirmala Sitharaman hinted at the possibility of the government revising personal income tax rates and raising the taxable income floor.

Dec 8, 2019

Kenichiro Yoshida, President and CEO, Sony Corporation (left), and Satya Nadella, CEO, Microsoft

Who will blink first? India-US in staring match over taxing Internet downloads

India may ignore US warnings of trade sanctions and impose import duties on 'electronic transmissions' like software, movie and music downloads and streaming before the year-end; New Delhi and Pretoria threaten to end 20 years of WTO ban on taxing international downloads

Dec 7, 2019

Will DHFL depositors have respite as administrator seeks all creditors' claims?

RBI-appointed official has asked creditors including depositors to submit their claims before December 17; depositors asked to choose one of the three authorised insolvency professionals