Finally Government of India notifies THE NATIONAL PENSION SCHEME (NPS) FOR TRADERS, SHOPKEEPRS AND SELF-EMPLOYED PERSONS, 2019 on August, 2021.
Ref: Govt. of India Gazette No. 2988, Ext. P. II, S. 3, sub-s (ii), dated 11.8.2021.
Highlights of the Scheme….
This Scheme will be implemented through the Life Insurance Corporation of India.
This Scheme shall provide minimum Pension of Rs....Read More
Some of the questions as follow,
1. Can an employee withdraw from VRS after opting for the same?
Ans: Yes, an employee can withdraw from VRS but before its acceptance by the Company.
2. Is Govt. Permission required for declaring VRS?
Ans: No, for introducing VRS or VSS (Voluntary Separation Scheme), no permission is required to be taken from the appropriate Govt. since under Labour Laws VRS...Read More
Interest on employee contribution to provident fund (PF), hitherto exempt, was made taxable vide the Finance Act, 2021, on contributions exceeding a prescribed threshold of ₹2.5 lakh ( ₹5 lakh in cases where there is no contribution by the employer) in any financial year (FY). The objective of Budget 2021 was to limit the exemptions granted with respect to the accumulated balance...Read More
Setting aside Tamil Nadu Women’s Commission order directing Loyola College Society to pay Rs. 64.3 lakh to a terminated female employee who had levelled sexual harassment charges against a former principal, the Madras High Court on Wednesday ruled that personal feud, misunderstandings and not getting along with a male colleague would not constitute sexual harassment.
Justice N. Satish...Read More
In a move that would benefit thousands of employees of large and small establishments, particularly those working in textile and jewellery showrooms, the Tamil Nadu Government on Monday tabled a Bill in the Legislative Assembly making it mandatory for establishments to provide seating facilities for employees. The Bill introduced by Labour Welfare Minister and Skill Development C.V. Ganesan...Read More
Axis Bank has announced ComeAsYouAre, a charter of policies and practices for their employees and customers from the LGBTQIA+ community.
The initiative has been taken under the bank’s #DilSeOpen philosophy. Key Takeaways from the charter: Inclusive initiatives for the employees include –
Listing partners for Mediclaim benefits irrespective of gender, sex, or marital status...Read More
No! Such practice of giving repeated breaks and engaging casuals again and again to avoid their permanency is a clear case of Unfair Labour Practice. Termination of such casuals will amount to retrenchment and if not executed by complying relevant provisions of the Industrial Disputes Act, 1947, it is bound to be declared illegal and such casuals in all probabilities will be awarded...Read More
Casual employees engaged for maintenance of guest house to be covered by ESI Act…… Mad HC
pujari in a temple is not a ‘Workman’…….. Raj HC
An employee will be ‘Workman’ when management has failed to show that he was sanctioning leave, issuing gate pass and granting overtime of any worker…….. Cal HC
Termination of a workman, without holding proper enquiry and proving guilt...Read More
Yes! Employer will be within his rights to adjust the outstanding amount of advances and loan from the full and final dues. Madras high Court in the case of Rajapalayam Mills Ltd. vs. Labour Court, Madurai, has also held so.
The employee challenged the adjustment under Payment of Wages Act as illegal deduction. Court said that after resignation, relationship of employer and...Read More
At one point of time, certain controversies have arisen regarding retrenchment compensation. In one case the Bombay High Court has held that retrenchment compensation should be calculated as if a month comprises of 26 days. The Madras High Court also followed the same.
However, the Calcutta High Court while considering both the judgments has clarified by holding that the retrenchment...Read More
