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Centre Grants Relaxations To NRIs On ‘Residential Status’ Under Income Tax Act For FY 2019-20

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Taking note of the COVID-19 lockdown, the Central Government has granted relaxations to the criteria for determining ‘residential status’ under Section 6 of the Income Tax Act,1961, for the Financial Year 2019-20. As per Section 6 of Income Tax Act (before 2020 amendment), stay for 182 days or more in India during a financial year […]

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Suspend labour laws for 2-3 years, employers’ associations urge government

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Representatives of 12 employers’ associations and industry bodies on Friday asked the government to suspend labour laws for the next two to three years “to help industry come out of the present crisis,” a statement from the Ministry of Labour and Employment said. The associations made the demand during a meeting with Labour Minister Santosh

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Supreme Court Denies Relief For MSMEs Against Payment Of Wages

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The Supreme Court on May 8, turned down the plea of 11 Haryana-based micro, small and medium enterprises (MSMEs) to provide interim protection against the order which required them to pay full salaries to its employees. The petition, filed by the MSMEs, challenged the advisory issues by the Union ministry of labour and employment on March

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Workers of J&K’s largest factory resort to violence against non-payment of full wages

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Labourers of J&K’s largest factory, Chenab Textile Mill (CTM) at Kathua, on Friday resorted to violence and blocked the Jammu-Pathankot highway to protest the non-payment of full wages amid the ongoing lockdown. Thousands of workers assembled at Workers’ Colony inside the factory and staged a noisy demonstration against the management after they came to know

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Gujarat rolls out red carpet for investors, exempts labour laws

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AHMEDABAD: Close on the heels of sweeping labour reforms in Madhya Pradesh and Uttar Pradesh, Gujarat has become the third BJP-ruled state to exempt new establishments from all labour laws barring three as it eyes investments into the states from companies looking to relocate from China. The state government will soon bring an ordinance to roll-out labour reforms that would be applicable

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Aarti Industries’ humanised approach to employee relations

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Mumbai-based B2B manufacturing company, Aarti Industries, which deals in chemicals such as benzene intermediaries, pharmaceuticals and surfactants, claims to go all out for its employees. In its 16 manufacturing units, the Company employs around 13,000 people, including 5000 permanent and 8000 casual workers. Not have the permanent employees received their increments and promotions, the casual

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EPFO income dips as deposits are deferred, withdrawals rise

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The Employees Provident Fund Organisation (EPFO) is set to face an income crisis, which will have a direct bearing on millions of its subscribers’ PF earnings in 2020-21. A million workers have already withdrawn their EPF savings in last five weeks to tide over income loss caused by the ongoing lockdown imposed to prevent the

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Vizag Gas Leak: NGT Slaps Interim Penalty of Rs 50 Cr on LG Polymers India, Issues Notices to Centre

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The National Green Tribunal slapped an interim penalty of Rs 50 crore on LG Polymers India and sought response from the Centre and others on Friday in the gas leak incident in Visakhapatnam, Andhra Pradesh, saying “there appears to be a failure to comply with the said Rules and other statutory provisions”. A bench, headed

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Telangana to oppose draconian power amendment Bill

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Hyderabad: Telangana, one of the few States in India that provides free, round-the-clock quality power to the agriculture sector without resorting to power holidays to industries and domestic consumers, has decided to oppose the Draft Electricity Amendment Bill 2020, proposed by the Union Ministry of Power to amend the Electricity Act of 2003. The Union government

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