Monday, March 1, 2021

Shehzeen Khan

Govt cuts EPF contribution to 10% for May, June, July

The Ministry of Labour & Employment has implemented a cut in the employees’ provident fund (EPF) contributions to 10%. The 10% was reduced from the existing 12%, and is valid for May, June and July. The decision will most...

Covid-19 Lockdown : Uber to lay off 3000 employees as demand dips by 80%

The ride-hailing giant will cut 3,000 more jobs, in addition to the previously announced 3,700. The move comes after COVID-19 restrictions have led to a drop of 80% trip requests globally in April. Chief Executive Officer Dara Khosrowshahi announced...

Union Govt withdraws order directing companies to compulsorily pay wages during lockdown

The Union Government has withdrawn the order that directed employers to pay wages to employees, despite units being shut in the lockdown. Given the current state of the country, this comes as a huge relief to businesses. The Ministry of...

Alibaba’s Jack Ma resigns from SoftBank board

On Monday, SoftBank Group Crop announced Jack Ma’s resignation from the board. Ma’s departure from the board is the latest among other high-profile allies of CEO Masayoshi Son, for instance, Tadashi Yanai. Ma also retired as Alibaba’s executive chairman...

New Pension guidelines to benefit 65 Lakh pensioners

The Department of Pension and Pensioners' Welfare has announced changes in processing of pensions for over 65 lakh pensioners. The key points in the new guidelines pertain to form 14, disabled children and remarriage restrictions. Further, banks shall now...

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