BUSINESS
Soon, you can withdraw up to Rs 5 lakh from EPFO account without manual verification
With an increase in the auto-settlement limit, the members would be able to automatically withdraw up to Rs 5 lakh instantly. At present, members had to wait for manual verification for advance withdrawal of amounts above Rs 1 lakh.
BUSINESS
Centre's Employment-Linked Incentive Scheme may not be notified soon as industry seeks more incentive
The government is considering whether the Rs 15,000 DBT amount should be increased, said sources, even as the Labour Ministry is working on improving the IT infrastructure of EPFO to process such transfers.
BUSINESS
Pahalgam terror attack may derail tourism, investments into Jammu and Kashmir
In the past three financial years, J&K's economic growth has averaged 7.81%, marginally more than the nation's average of 7.77%.
BUSINESS
1 million gig workers registered on e-Shram portal so far: Govt official
The official said that the workers are now eligible to claim healthcare insurance under the PM-JAY, and they will also get access to social security schemes.
BUSINESS
Labour Ministry asks states to safeguard workers from heatwave
The states have been recommended to reschedule working hours to avoid peak heat times, ensure access to adequate drinking water for workers, provide shaded rest areas and ventilation or cooling at worksites, and make arrangements for conducting regular health check-ups.
BUSINESS
EPFO's net payroll additions rise to 16 lakh in February, led by young job seekers
Some experts fear the moderate rise in payroll additions reflects a loss of momentum in the formal job sector amid uncertainties, while others suggest waiting for more data before any conclusion.
BUSINESS
FM Sitharaman confident of the first phase of India-US bilateral trade agreement by Fall this year
Finance Minister Sitharaman sounded confident of a trade agreement with US by Fall this year, 'in the interest of our largest trading partner', and stressed on the need to build capacities in the ‘sunrise sectors’.
BUSINESS
Social net widens: India eyes higher ILO rank with 60% coverage by Sep
The country’s social protection coverage has doubled from 24.4 percent in 2021 to 48.8 percent in 2024, due to initiatives that have extended health insurance, pension, food security, and employment support to millions of individuals.
BUSINESS
Revamped IBC regulations can further streamline liquidation and ease supervision, say experts
Experts said in order to simplify and consolidate the regulations - which could lead to faster completion of CIRP - the IBBI should club regulations pertaining to administrative matters.
BUSINESS
Rains to the rescue! Economists cheer above-normal monsoon forecast, but heatwaves remain a spoiler
A durable reduction in food inflation, an uptick in rural demand, and support for economic growth amid external headwinds are the likely outcomes of an above-normal monsoon.
BUSINESS
Portal to track and transfer dividend, unclaimed shares worth Rs 1 lakh crore by August
The IEPFA along with capital market regulator Sebi, is planning to hold ‘Niveshak Shivirs’ across major cities in the coming weeks to help resolve issues of investors relating to share transfer and unclaimed dividend.
BUSINESS
IBC amendment bill likely during in monsoon session, Cabinet nod by end of April, say government officials
The IBC amendment Bill is likely to introduce group insolvency and cross-border insolvency, as well as the creditor-led resolution process (CLRP) framework, in order to enable out-of-court settlement for large companies.
BUSINESS
Centre sees no immediate need to notify new Labour Codes as states fall in line
Around 30 states/UTs have published the draft rules in line with the four Codes, and most (about 20) have implemented those changes. But given the reluctance of the labour unions, the Centre has not formally notified them, officials say.
BUSINESS
Centre set to appoint 50 more members to NCLT benches to expedite resolution
The NCLT has a sanctioned strength of 63, but over the years, its strength had reduced to 39. Till February 2025, the NCLT was functioning with a little over half of its sanctioned strength.
ECONOMY-2
New CPI series likely to include rentals paid by rural households
According to the officials, the new CPI series will incorporate weights of items based on the 2022-23 Household Consumption Expenditure Survey (HCES).
