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NEW DELHI: Nearly two-thirds of workers believe that working conditions will improve with enhanced rest periods and leave practices, and foresee improvement in income security due to wage transparency, once the four new labour codes are fully implemented. A similar share of employers believe that the new codes will enhance ease of doing business due…
UAE Redundancy: Can You Skip Your Notice Period? Understanding UAE Labour Law When an employee is let go due to redundancy (business restructuring or cost-cutting) in the UAE, a common question arises: Can the employee skip the notice period and leave immediately? The short answer is no, not without consequences. UAE labour law clearly sets…
US job vacancies declined to their lowest level in more than five years in December, underscoring persistent softness in the labour market despite strong economic growth, according to AP.Data released by the US Labor Department showed job openings fell to 6.5 million in December from 6.9 million in November, marking the lowest level since September…
MUMBAI: Most companies reporting their financial results for Q3FY26 are reporting a large one-time provison towards employee benefits attributing it to the new labour code. TOI takes a look at what brought about these changes and how does it affect stakeholders.1. What is the new labour code change that is forcing companies to make one-time…
British envoy to US Peter Mandelson (AP file photo) Former British ambassador to the United States and former minister Peter Mandelson resigned from the Labour Party on Sunday, saying he did not want to cause it “further embarrassment” after newly released US documents renewed scrutiny of his links to convicted sex offender Jeffrey Epstein.Mandelson, 72,…
File photo-Fed Chair Powell The US Federal Reserve on Wednesday left interest rates unchanged, holding its benchmark lending rate at 3.5% to 3.75%.The decision was not unanimous. Governors Christopher Waller and Stephen Miran dissented, favouring a quarter-point rate cut. The decision comes after the central bank cut rates at three consecutive meetings late last year….
TOI correspondent from London: Hundreds of PIOs and Bangladeshi-origin Hindus held a protest in the cold pouring rain outside the Houses of Parliament in London on Wednesday calling for UK PM Keir Starmer to do more to condemn the genocide of Hindus taking place in Bangladesh.Labour Basingstoke MP Luke Murphy was among those present. He…
Representative image (AI-generated) The ministry of labour and employment is considering making the four Labour Codes effective from April 1 to align their rollout with companies’ financial year. The move is aimed at easing the impact of higher provident fund and gratuity costs arising from changes in salary structures under the new framework.According to officials…
BENGALURU : The implementation of the new labour code has led to significant one-time charges across India’s top IT companies, reflecting increased gratuity and leave liabilities. TCS took the largest hit at Rs 2,128 crore, followed by Infosys at Rs 1,289 crore, HCLTech at Rs 956 crore, Wipro at Rs 302 crore, and Tech Mahindra…
Eternal-owned quick commerce platform Blinkit has removed its long-promoted “10-minute delivery” claim from all platforms, amid growing concerns over the safety and welfare of delivery workers.According to news agency PTI, the company has revised its tagline from “10,000+ products delivered in 10 minutes” to “30,000+ products delivered at your doorstep”, signalling a shift away from…
