BUSINESS
Karnataka HC ruling: Why Centre should cap international workers’ EPF contributions
The High Court observed that non-citizen employees working in India and employees who are citizens of India are two different classes. These classes are equal while working in India but they are treated differently, and this is therefore a violation of Article 14 of the Constitution of India (the right to equality), it ruled.
BUSINESS
Decoding EPFO’s tighter norms for operating transaction-less or inoperative accounts
EPFO’s move to tighten security of inoperative or transaction-less accounts is welcome, but clarification on the biometrics process for international workers and the minimum period of no credit/debit for accounts to be classified as ‘transaction-less’ is necessary.
BUSINESS
Union Budget should hike the standard deduction limit
With the significant lifestyle changes post-COVID and the rising focus on well-being, the general cost of living has gone up. This makes a strong case for putting more money (disposable income) in the hands of taxpayers as part of Budget announcements
