BUSINESS
Covid-19 vaccination | On Day 1, hospitals rush to inoculate their own staff
The national capital has been at the forefront as it is one of the worst affected by COVID-19 among Indian cities with 6.31 lakh infections and 10,732 deaths as a result of the pandemic, since April.
BUSINESS
Government eyes Rs 3.92 lakh crore via spectrum auction as it misses non-tax revenue target
The Union Cabinet, on December 16, approved the auction of 2,251 megahertz of spectrum worth Rs 3.92 lakh crore (at reserve price) by the end of FY21.
BUSINESS
Code on Wages, Code on Social Security to increase employer's financial liability
The draft rules on the Code on Wages were floated by the government in July 2020 and the draft rules on Code on Social Security were released in November 2020. The codes are expected to be implemented by April 1, 2021.
INDIA
All members of the Supreme Court appointed committee have supported farm laws
The farmer groups have said that the committee included members who have publicly backed the farm laws and have also advocated for them.
BUSINESS
Will the proposed WFH rule weaken the bargaining power of workers? Here's what experts think
It is the first time that the labour ministry has brought out standing orders for the services sector under the Industrial Relations Code. Before, the new labour codes were approved by Parliament in September 2020, there was one standing order across sectors.
BUSINESS
COVID-19 impact | Broadband subscribers reach 735 million as India works and studies from home
As per the latest data furbished by TRAI, the broadband subscriber base has risen to 735 million at the end of October 2020 indicating a 7 percent increase in the subscriber base in 6 months since the onset of the pandemic.
BUSINESS
Trade, hotels, transport and communication to recover to pre-COVID-19 level in 2022
Within transportation, railway and road continue to post a healthy recovery as validated by high-frequency rail freight and GST e-way bills data.
BUSINESS
50% drop in EPFO exits, shows October data
As many as 44,69,771 individuals have exited the EPFO in this fiscal so far.
BUSINESS
Explained: What is spectrum? How will it be auctioned?
The Cabinet in December had approved the auction of 2251.25 MHz (Megahertz) of spectrum by the end of FY21. A total of 2251.25 MHz worth Rs 3.92 lakh crore is being offered with total valuation of Rs 3.92 lakh crore (at reserve price).
BUSINESS
Mobile subscriber base to recover: Telecom analysts
As per the latest data furbished by TRAI, the mobile subscriber base has risen to 115.2 crore at the end of October 2020.
BUSINESS
Offline retail sales of smartphones will see a rebound in 2021: Analysts
As per a International Data Corporation (IDC) Report published December 2020, the online sales accounted for 51 percent of the sales in October growing 53 percent year -on- year (YoY).
ECONOMY
COVID Impact | MGNREGS generates record 282.07 crore person-days' work
The number of persons who worked under MGNREGA stood at 11.92 crore in April, 50.84 crore in May, 61.34 crore in June, 38.32 crore in July, 25.56 crore in August, 25.98 crore in September and 25.89 crore in October.
BUSINESS
Explained: The IUC row so far and how its termination would benefit Jio
Reliance Jio stands to benefit the most from the zero IUC regime as it would no longer have to pay the rival operators - Bharti Airtel and Vodafone Idea - for the outgoing calls made by the Jio users.
BUSINESS
Public procurement from women-owned MSEs in FY21 nears FY20 level
As per the National Sample Survey (NSS) 2015-16, here are a total of estimated 1,23,90,523 Women owned proprietary MSMEs in the country.
BUSINESS
Explained : Why the employers may have to revise offer letters
As per the new definition of wages under the Code on Wages, 2019, the government has put a cap on the allowances at 50 percent of the total compensation. The experts, therefore, say this will entail higher costs for employers and a lower take home pay for employees.
BUSINESS
More people rejoin the workforce, shows September EPFO data
So far this fiscal, as many as 44,69,771 workers have exited the EPFO.
BUSINESS
Cabinet nod to Rs 59,000-crore post-matric scholarship scheme for SC students
The Centre will fund 60 percent, about at Rs 35,534 crore, of the scheme, and the remaining funds will come from states.
INDIA
Pension scheme for unorganised sector PMSYM gets only 44 lakh subscribers in two years, way below the target
The Pradhan Mantri Shram-Yogi Maandhan (PMSYM) was introduced with the target cover of 10 crore unorganised workers in five years. Thus, covering an average of 2 crore workers per year. However, after nearly two years since its implementation, only 44,73,986 workers have been enrolled.
BUSINESS
Analysts expect mild participation in upcoming spectrum auction, particularly in 700MHz band
The Department of Telecommunications had last conducted the spectrum auction in FY17 with a base price target of Rs 5.63 lakh crore and had managed to raise around Rs 65,000 crore. The government had then put to auction 2355 MHz of spectrum had sold only 965MHz across seven bands.
ECONOMY
Government's fiscal deficit to be around 8% of GDP, says former RBI governor Subbarao
The Wholesale Price Index-based inflation in India has risen to a nine-month high to 1.55 percent in November. The retail inflation in India had eased to 6.93 percent in November against 7.61 percent in October.
ECONOMY
Explained: Why Code on Wages 2019 may not ensure arresting decline in wages
On March 29, the MHA had issued a notification asking the employers to give full payment of wages to the employees during the nationwide lockdown due to the Covid19 induced pandemic.
INDIA
58% trained youth placed under Deen Dayal Upadhyaya Grameen Kaushalya Yojana
Out of the 10.80 lakh trained rural youth, 6.28 lakh have been placed suggesting a placement rate of 58 percent as of December 15. As many as 4.52 lakh trained youth are yet to get jobs under the Deen Dayal Upadhyaya Grameen Kaushalya Yojana.
ECONOMY
Priority to increase village industry turnover to Rs 2 lakh crore in two years: Nitin Gadkari
Gadkari also informed that the government has sanctioned Rs 3 lakh crore for the MSMEs. The government will provide 15 percent of the equity to successful MSMEs and those with a good record of GST and income tax and bank turnover to facilitate them to go raise funds in the capital market.
ECONOMY
Over 4.6 lakh jobseekers for 934 vacancies on MSME SAMPARK portal for tech trainees
According to the portal, 10,388 candidates have been placed so far.
