Will your take home salary, PF, working hours change from July 1 under New Labour Laws?

The Take-home salary, contribution to Employees’ Provident Fund and working hours could change significantly as the Centre plans to implement new labour laws from July 1. The Indian parliament has passed the four labour codes — wages, social security, industrial relations, occupational safety, health and working conditions. These codes were created by subsuming 29 Central…

Banks fail to observe the directions while financing to Government owned entities: RBI

RBI on Tuesday said that Banks fail to observe its directions in letter and spirit while financing Government-owned entities. As per RBI Master Directions, Banks should not grant finance for the construction of buildings meant purely for Government/Semi-Government offices, including Municipal and Panchayat offices. However, banks may grant loans for activities, which will be refinanced…