Kotak Mahindra Group (Kotak) has announced the introduction of a Pandemic Benevolent Policy for its 73,000 employees. Under this policy, family members/nominee of deceased employees from 1st April, 2020 and subsequent cases up to 31st March, 2022 will receive full monthly fixed salary (Cost to Company) for two years beginning June 2021.
The policy is applicable to families/nominee of all deceased employees, irrespective of the cause of death – whether pertaining to COVID-19 or any other cause not related to
In the last one year the Centre has tripled the welfare fund for journalists, making it almost Rs 3 crore recently to help families of reporters who have died of Covid-19. Meanwhile, at least ten states have announced vaccine priority for journalists and 13 States have also declared medical or financial assistance for scribes.
In a suo-moto move, the Centre on Thursday approved a financial assistance of Rs 5 lakh to families of 26 journalists who succumbed to
MUMBAI: In one of the most concrete signs of the robust recovery in the formal sector of the Indian economy post the onset of the Covod-19 pandemic, India’s net profit-to-GDP ratio surged to a four-year high, according to data compiled by .
The brokerage firm said the profit pool of listed Indian companies as a percentage of GDP surged to 2.6 per cent in the financial year ended March 31, 2021, after hitting a multi-year low of 11.6 per
The government has extended the timelines for various income tax compliances due to the second wave. For individuals, the due date to file income tax returns for the financial year 2020-21 has been extended by two months to September 30. In the regular course, the deadline for taxpayers whose accounts are not audited is July 31.
The Central Board of Direct Taxes (CBDT) has given a one-month (July 15) extension to companies for furnishing Form 16. According to the
Net new enrollments under the Employees Provident Fund Organisation in 2020-21 fell by a marginal 1.9% to 77,08,375 compared to 78,58,394 in 2019-20 on the back of nationwide lockdown in April and May last year which had resulted in huge job losses in the above two months.
Net enrollments under EPFO in March stood at 11.21 lakh in March, down from 11.28 lakh in February, reflecting the impact on jobs because of partial lockdowns.
The highest addition of net
Retail inflation for farm workers and rural labourers in April eased marginally to 2.66 per cent and 2.94 per cent, respectively, mainly due to lower prices of certain food items. “Point-to-point rate of inflation based on the CPI-AL (Consumer Price Index for Agricultural Labourers) and CPI-RL (Consumer Price Index for Rural Labourers) decreased to 2.66 per cent and 2.94 per cent in April 2021, from 2.78 percent and 2.96 per cent, respectively, in March, 2021,” the labour ministry said
During the first meeting of the newly formed Assam government and microfinance stakeholders in Guwahati on Saturday, RBI officials are said to have argued that banks and non-bank microlenders, which are regulated by it and operate within a laid down
Rural India saved the country during the first Covid wave. This time Covid infections have spread to the interiors like wild fire.
When Covid reached our shores last year, average Indian households were already reeling from economic stress. But with higher govt spending and loan moratorium support, the country managed to ride the first Covid wave. The second wave could be far more economically draining than the first one, say many economists.
The promoters of Jaipur Meat House
NEW DELHI, May 13: Prime Minister Narendra Modi will release the 8th instalment of financial benefits worth Rs 19,000 crore under the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme on Friday to benefit more than 9.5 crore farmers.
The Prime Minister will release the instalment through video conferencing at 11 a.m.
“The instalment will enable the transfer of more than Rs 19,000 crore to more than 9.5 crore beneficiary farmer families,” said a statement issued from the Prime Minister’s