Regulation

J&K govt reduces probation for all posts, realigns salary and compensation parameters | Details here

The Government of J&K issued a new set of directives today regarding conditions of probation, pay, annual increments, allowance, and fixation of initial tenure for new appointees, under the Government at various levels in different posts.

Jun 18, 2020

Government won't give up GST on masks, ventilators and PPEs; here's why

Earlier this month, Maharashtra Deputy Chief Minister Ajit Pawar wrote a letter to Union Finance Minister Nirmala Sitharaman seeking an exemption on GST for some medical equipment used in the fight against COVID-19 outbreak.

Apr 20, 2020

Chinese investments in stock market under scanner; SEBI seek details

Making full use of cheaper prices, the People's Bank of China (PBOC) raised its stake from 0.8 percent to 1.01 percent in the country's largest private sector lender HDFC Bank in March quarter.

Apr 16, 2020

DGCA certificate issued to AAI for GAGAN system about to expire

Flights over Indian airspace at risk? ISRO's navigation system to lose safety certification

The DGCA certificate issued to Airports Authority of India (AAI) for Indian Satellite-based navigation GAGAN system earlier on April 21, 2015, for a five-year period is about to lapse on April 21, 2020. Has the certificate been renewed by AAI yet or has Covid-19 delayed the same? Let's understand why the DGCA certificate is important and what will happen if the certificate expires?

Apr 16, 2020

RBI declares new money market trading hours inclusive of Forex from April 7 to 17

Owing to a decrease in market activity in light of the Covid-19 outbreak and nationwide lockdown, RBI has cut money market trading hours, with effect from April 7 to April 17.

Apr 3, 2020

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

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