BUSINESS
Employment outlook at seven-year high, strong rebound in hiring in December quarter: ManpowerGroup survey
An increase in payrolls is expected for all seven industry sectors during the coming quarter. The strongest year-on-year improvements are reported in Services, Manufacturing and Finance, Insurance and Real Estate.
BUSINESS
Explained: The issue of inverted duty refund for input services under GST
The Supreme Court’s verdict ends the uncertainty created by conflicting orders by the Gujarat and Madras high courts over allowing tax credits on input services under the Goods and Services Tax
BUSINESS
Explained | Pradhan Mantri Shram-Yogi Maandhan and why enrollments have fallen
There have been fewer-than-expected takers for the scheme that will provide informal workers with a monthly pension of Rs 3,000
BUSINESS
Trained manpower, additional capacity and better technologies needed for healthcare sector: Nirmala Sitharaman
Speaking at a virtual event on Building healthcare infrastructure for new India, Sitharaman said that the government is constantly discussing and engaging with the stakeholders to ensure that the revival of the economy is adequately supported.
BUSINESS
Q1 GDP | Trade, hotel and transport segment clocks 34.3% growth in Q1
The sector entered the positive terrain after declining for four quarters in 2020-21.
BUSINESS
India GDP: 5 things to watch out for in Q1FY22 GDP to be released today
Rating agencies and the central Bank expect India’s GDP to have grown 18-22 percent in Q1 FY22, but this is in comparison with a low base a year ago when economic activity was devastated by the pandemic-induced lockdowns
BUSINESS
We are creating a new cadre of trained insolvency professionals through the graduate insolvency program: Rajesh Verma
Commenting on the five year's of IBC's implementation, Verma said, "Ease of exit is as important as of entry for a business. Before the enactment of IBC, Indian businesses did not have the freedom of exit, and also to recover the insolvency so easily."
BUSINESS
Before IBC, there used to be feudalism with debtor in control: CEA K Subramanian
Recently during the monsoon session of Parliament, Insolvency and Bankruptcy Code (Amendment) Bill 2021 was passed.
BUSINESS
Job creation bounces back in June, shows govt payroll data
Enrollments under the government’s social welfare schemes for employees indicates that job creation rose significantly in June after dipping in May because of the second wave of the pandemic.
BUSINESS
Labour Ministry launches National Database for Unorganised Workers
All informal workers will be allotted a E- Shram card containing a 12-digit UAN for availing the benefits of various social security schemes announced by the government. The 12-digit UAN will be valid throughout the country.
BUSINESS
Explained | All you need to know about the National Database for Unorganised Workers
The portal set up to facilitate the provision of welfare benefits to migrant and unorganised workers is set to be launched on August 26.
BUSINESS
Cabinet may hike sugarcane price by Rs 5 per quintal
The Centre in August 2020 increased the fair & remunerative price by Rs 10, bringing the amount to Rs 285 per quintal. The government had fixed Sugarcane FRP at Rs 275 per quintal for the 2019-2020 marketing year.
BUSINESS
Anxious Afghans in Delhi fear for families back home, want them in India
Refugees and stranded travellers from Afghanistan fear for their families in their country since it came under Taliban control, and are desperately seeking help from Indian authorities.
BUSINESS
Prompt climate action $11 trillion opportunity for India: Deloitte Economics Institute
India could use the transition to a low-emission footing to restructure its economy towards growth in advanced industrial sectors, according to the Deloitte report titled 'India's turning point: how climate action can drive our economic future'.
BUSINESS
Govt ends MSME tech upgradation subsidy scheme, industry wants it back
Industry bodies say the scheme is vital for MSMEs to upgrade technology and become competitive, which they say is necessary if the government wants its make-in India initiative to succeed.
BUSINESS
EPFO added 12.83 lakh net subscribers in June
Industry-wise analysis indicates that the ‘expert services’ category constitutes 41.84 percent of the total subscribers during June 2021.
BUSINESS
Up to 3 lakh temp and gig jobs to be generated ahead of festive season
Recruitment of new temp staff is likely to be about 30-35 percent higher this year as most offline retailers have gone digital and need to supplement their workforce to meet seasonal demand
BUSINESS
Here's why MSMEs preferred ECLGS over subordinate debt scheme
The Emergency Credit Line Guarantee Scheme for MSMEs has been more successful than the Credit Guarantee Scheme for Subordinate Debt because it is business-friendly and more pragmatic in its approach, experts said
BUSINESS
Ayushman Bharat helps people in rural areas get access to medical facilities: Mansukh Mandaviya
The scheme will cover 10 crore families by providing them health insurance of Rs 5 lakh. An estimated 50 crore people are expected to be benefitted.
BUSINESS
India has potential to be global leader in green hydrogen production, says Amitabh Kant
Kant called on the industry to set ambitious targets for itself and focus on green hydrogen, high-end batteries and advanced solar panels to become competitive and take the leadership position in the world.
INDIA
India has 35 crore students in schools and 15 crore outside the education system: Dharmendra Pradhan
The Education Minister said that about 20 percent of the people — an estimated 25 crore people — fall below the primary definition of literacy
BUSINESS
Contractual, temporary roles account for bulk of jobs generated during April, May
It’s a worrisome trend since these are contractual jobs with low wages and have no bargaining power. In the long term, it could impact consumption and demand, warns an expert. Companies are increasingly reducing highly paid workforce and deferring their recruitment as well.
BUSINESS
Explained: All you need to know about the Electricity Amendment Bill 2021, and why some states are against it
One of the main amendments proposed in the Bill seek to de-license power distribution, allowing the entry of private sector players into power distribution sector. Once the Bill is passed, it would let consumers choose a distributor of their choice.
BUSINESS
Explained: The Limited Liability Partnership (Amendment) Bill, 2021
The bill seeks to encourage the startup ecosystem by decriminalising certain offences, special courts for speedy trial of offences, and increases the punishment for fraud as the government wants reward the law-abiding businesses and discourage wrong practices.
