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Employees’ Provident Fund Organisation (EPFO) has processed nearly 99 per cent of applications seeking higher contributions to secure increased pensions under the Employees’ Pension Scheme (EPS) 1995, Parliament was informed Monday.Minister of state for labour & employment Shobha Karandlaje, in a written reply to Lok Sabha, said the EPFO has acted to implement directions issued…
Indian companies are likely to see higher wage bills as they adjust HR policies and compensation structures to comply with the new four labour codes. Experts estimate manpower costs could rise 5-10%, or even more for some firms.The increase in wage expenses is largely driven by higher costs for benefits such as gratuity, overtime, bonuses,…
US stocks opened with modest gains on Friday as Wall Street wrapped up the last trading session of November on a shortened post-Thanksgiving schedule.The S&P 500 rose 0.2 per cent, the Dow Jones Industrial Average added 66 points, and the Nasdaq gained 0.4 per cent. Coinbase Global climbed 2.2 per cent as Bitcoin traded above…
File photo: Chancellor Rachel Reeves (Picture credit: AP) Millions of low-paid workers in the UK will receive a pay increase from April as the government confirmed new minimum wage rates ahead of Wednesday’s Budget. The hourly rate for over-21s will rise by 50p to £12.71, with 18–20-year-olds seeing an 85p jump to £10.85, and under-18s…
US retail sales grew slower than expected in September as consumers grappled with persistently higher prices and companies faced rising input costs, according to government data released on Tuesday.Retail sales rose 0.2% month-on-month, the Commerce Department said, easing from 0.6% in August and falling short of analyst estimates. The moderation in spending comes at a…
Most of us know our blood type as a simple medical detail, something needed before a blood test or surgery. But emerging research suggests it might tell us more than we think, especially about our liver health.A recent study, published in the journal Frontiers, has found that people with blood type A may be more…
US secretary of state Marco Rubio (C) attends a discussion with a delegation from Kyiv to end the Russia-Ukraine war in Geneva on Sunday BRUSSELS: Europeans have submitted a modified version of the US’ peace plan for Ukraine that pushes back on proposed limits to Kyiv’s armed forces and territorial concessions, according to a document…
A bill to establish a single higher education regulator, aimed at replacing existing bodies such as the University Grants Commission (UGC), is scheduled for introduction in the winter session of Parliament, set to commence on December 1, as reported by PTI. According to a Lok Sabha bulletin, the proposed legislation has been named the Higher…
Asian markets jumped on Thursday as strong earnings from Nvidia lifted sentiment and eased fears of an AI-driven bubble, even as investors tempered expectations for a December rate cut following signals from the US Federal Reserve. According to news agency AFP, Nvidia’s quarterly results and upbeat comments from CEO Jensen Huang — who said “we…
For decades, India’s premier engineering institutions have grappled with a stubborn reality: the number of women pursuing engineering remains markedly low. The imbalance has been so chronic that the Indian Institutes of Technology were compelled to introduce supernumerary seats, additional, women-exclusive seats, from 2018 onward. The idea was simple but urgent: reverse the declining presence…
