Explore the challenges and legal framework surrounding contract labour in India. Understand the Contract Labour (Regulation and Abolition) Act, 1970, and its implications for both workers and employers. Learn about the challenges faced by contract workers, including exploitation, job insecurity, and the lack of benefits.
Section 2 (kkk) of the Industrial Disputes Act, 1947 defines the term ‘Layoff’’ as the inability, failure, or refusal of the employer to provide employment to a workman whose name is mentioned in the muster roll of his industrial establishment and who is not retrenched due to the lack of power, coal, raw materials, accumulation of stocks, breakdown of machinery or natural calamity for any other relevant reason.
In India, unorganised workers constitute about 93% of total workforce, which is a sizeable portion of country’s population. Unorganised sector is an organisation owned by individuals or self-employed workers and is in production or sale of goods or providing services of any kind.
1. The last date to apply for a higher pension from the Employees’ Pension Scheme (EPS) is fast approaching. An eligible employee can apply for a higher EPS pension till May 3, 2023. 2. The EPFO vide circular dated 23.04.2023 clarified that in cases where the submitted information is not complete or seems erroneous or […]
Understand the new income tax rates for individuals and HUFs in India for the financial year 2023-24. Explore the default New Regime, deductions foregone, and changes in surcharge. Make informed decisions based on income slabs and rebates. Stay updated with tax implications and plan your finances accordingly.
A strike-off company is a company that has been removed from the official register of companies. This means that it no longer exists as a legal entity and is unable to trade or conduct any business. Essentially, the company ceases to exist once it has been struck off.
Explore the differences between investing and trading, their psychological aspects, financial goals, time frames, and monitoring requirements. Make informed decisions for growing wealth or earning regularly. Learn about options beyond equity and start your journey, whether with small or large amounts. Read insights and advice from financial experts Renucka Vaiddya and Kedar Nadgonde.
SEBIs latest circular addresses illicit practices by stock brokers pledging clients funds without consent. Learn about the regulations, implementation, and the backdrop of the Karvy Stock Broking Limited scam.
The term Social Security is defined under Section 2(78) of the Code on Social Security, 2020 as measures of protection adopted in order to protect workers that may be unorganised, gig workers, and platform workers by providing them with different benefits during old age, unemployment, sickness, the maternity period, medical care, etc.
Explore the 2019 Code on Wages, its impact on labor laws in India, and its amalgamation of key labor enactments. Learn about minimum wages, penalties, and the Code’s implications on workers’ rights. Evaluate the challenges and areas needing attention for effective implementation. Stay informed on the latest labor reforms.
