News

Latest provisions and amendments in Labour Laws

Source:Labour Laws Orignal Link

Date:19/03/2017

The following amendments and latest provisions related under Labour Laws.

Why HR and Not Funds are becoming headache for Startups

Source:The Economic Times Orignal Link

Why HR and Not Funds are becoming headache for Startups

Amendment in Section 192A of Income Tax Act, 1961 related to TDS - Instructions thereof.

Source:EPFO Orignal Link

The Finance Act, 2016 has amended section 192A of Income Tax Act, 1961 to raise the threshold limit of provident fund withdrawal from Rs. 30,000/- to Rs. 50,000/- for Tax Deducted at Source (TDS). This provision will be effective from 1st June, 2016. A copy of the amended provision is enclosed for information.

Nandini Piramal overhauls HR as group takes wing into newer territories

Source:The Economic Times Orignal Link

Date:25/05/2016

Nandini Piramal overhauls HR as group takes wing into newer territories...read more

New HR Chief of Reliance Industries Hydrocarbon business

Source:India Times Orignal Link

Date:25/05/2016

He will report to RIL executive director Hital R Meswani. The group did not respond to an email sent by ET seeking comment

IT firms to go slow on hiring this fiscal

Source:The Hindu Business Line Orignal Link

Date:25/05/2016

May 20, 2016: Not many may find luck this year in getting hired by an IT company. In 2015-16, the Indian IT industry created about 2 lakh jobs, lower than the initially estimated 2.75 lakh jobs. This fiscal hiring may be even lower. The big four Indian IT companies added 67,000 plus employees in the last fiscal, a 10 per cent increase over the previous year. But, in their forecast for the current fiscal, all of them have indicated a slower addition to their headcount.

The Changing Role oF HR – Analytics as an Enabler

Source:WNS Orignal Link

The Changing Role oF HR – Analytics as an Enabler

Amendment Circular of PF Department

Source:EPFO Orignal Link

Date:25/05/2016

Amendment Circular of PF Department

Declaration of Special Allowance under Minimum Wages Act, 1948

Source:Administration of Dadra & Nagar Haveli Orignal Link

Date:25/05/2016

Declaration of Special Allowance under Minimum Wages Act, 1948

THE PAYMENT OF BONUS (AMENDMENT) ACT, 2015

Source:Ministry of Law & Justice Orignal Link

Date:25/05/2016

Grant of exemption to all retail enterprises for a period of Five years

Date:27/05/2016

Grant of exemption to all retail enterprises from sections 7 ,9, 12, 23, 31 and 37 of the Act to keep open every day of the year for a period of Five(5)years.

COVERAGE OF 26 DISTRICTS UNDER ESI ACT IN KARNATAKA STATE

1)The Government of India has extended the ESI Scheme to all the 26 Districts in Karnataka with effect from 1.5.2016. Heither to the ESI Act was applicable to the industrial and commercial clusters notified from time to time. From 1st May 2016 ESI Scheme will cover the entire District. Hence, it is obligatory for all the coverable establishments to register under the ESI Act, obtain code number and cover the eligible employees under the ESI Scheme.

Tata Sons take women-centric policy to a different level with its newly unveiled maternity package

Source:yourstory.com Orignal Link

Date:08/06/2016

Tata Sons has rolled out a woman-centric policy including paid maternity leave of seven months, reported The Economic Times. Moving towards a policy more sensitive towards pregnant women and mothers, Tata Sons, through its policy is assuring job security as well as respect to its woman work-force.

Soaring cost of employees raises India Inc fears; here’s why

Source:The Financial Express Orignal Link

Date:17/06/2016

Employee cost of a majority of BSE 500 companies has risen at a much higher rate than their revenue growth between FY11 and FY16. Employee cost of a majority of BSE 500 companies has risen at a much higher rate than their revenue growth between FY11 and FY16.

Download Phoenix Overview

Source:Phoenix Worldwide Orignal Link

Date:20/03/2017

Increase of 4% on PF pension

Source:Ministry of Labour & Employment (GOI) Orignal Link

Date:05/07/2016

Increase of 4% on PF pension that is not drawn beyond the age of 58, EPFO issues a notification on Employees’ pension, which grants an increase of 4% on pension that is not drawn beyond the age of 58, and applicable until the age of 60 years.

Google, Microsoft and Yahoo slammed by India's Supreme Court over sex selection

Source:CNet Orignal Link

Date:07/07/2016

The companies' search engines can be used to find advertisements for products that determine the sex of an unborn child, which has been illegal in India since 1994.

PF Circular

Source:EPFO Orignal Link

Circular No.Coord./40(24)2010/DPG/ Review meeting/10215 dated 13-07-2016, which has beenissued by the Employees, Provident Fund organisation, (Ministry of Labour, Govt. of India, new Delhi). The scanned copy of the circular is attached herewith.

ESI (Central) Amendment Rules 2016

Source:PUBLISHED BY AUTHORITY Orignal Link

Date:21/06/2016

ESI (Central) Amendment Rules 2016 in regards to daily Wages which has been increased from Rs 100/- per day to Rs 137/- per day the effective date of the same is 14th June 2016

India ranked 105th out of 130 countries on global human capital index

Source:The Indian Express Orignal Link

Among BRICS countries, India is ranked lowest as against Russia's 28th, China's 71st, Brazil's 83rd and South Africa's 88th

From HR issues to cultural integration, the reasons behind M&A failures

Source:economictimes.indiatimes.com Orignal Link

Date:03/08/2016

From HR issues to cultural integration, the reasons behind M&A failures - Read more at: http://economictimes.indiatimes.com/articleshow/53387584.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

New-age hiring

Source:livemint.com Orignal Link

Date:03/08/2016

Interviews are no longer restricted to traditional meetings. You can be hired on WhatsApp, Facebook, or even in the Metro

5 Strategies To Zero In On The Right Candidate For A Start-Up

Source:huffingtonpost.in Orignal Link

Date:18/08/2016

Start-ups sometimes struggle to pick the right candidate. In their quest to find the most talented person, many start-ups end up appointing the most talented job-seeker instead. The smart way to start the search is to look within your own business network and then evaluate them using the following strategies.

Maternity Bill passed in RS, now women to get 6 months off

Source:economictimes.indiatimes.com Orignal Link

Date:23/08/2016

The Rajya Sabha on Thursday passed the much awaited amendment to Maternity Benefit Act, 1961, paving way for 26 weeks of maternity leave to working women besides providing for 12 weeks of maternity leave for commissioning mothers and introducing an enabling provision of "work from home" for nursing mothers.

HR? Mobile Technology Will Make You Rethink Your Strategy.

Source:entrepreneur.com Orignal Link

Date:26/08/2016

HR? Mobile Technology Will Make You Rethink Your Strategy. The use of mobile technology is on the rise, with employees using their smartphones on a regular basis. And, if you're an employer, this increase isn’t necessarily a bad thing.

The Lok Sabha has passed the Employee Compensation Amendment Bill 2016 (EC Act).

Date:27/08/2016

Employees’ Compensation Amendment Bill-passed by Lok Sabha-Providing Harsh penalities for employers.

Central Govt. releases PMRSY scheme for employers

Source:EPFO Orignal Link

Pradhan Mantri Rozgar Protsahan Yojna, operational from 9th August 2016, is a scheme to incentivise employers registered with EPFO for job creation…

Will Reliance Jio’s launch have an impact on e-commerce firms?

Source:livemint.com Orignal Link

Date:03/09/2016

While Jio, with its bouquet of apps, will pose a threat to content start-ups, its broader impact is expected to boost growth of e-commerce and other Internet businesses