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Implementation of the new labour codes is expected to deliver a Rs 75,000-crore consumption boost and raise the share of the formal workforce by at least 15 per cent, according to a research note by economists at SBI on Tuesday.The four codes, enforced from November 21, will also expand social security coverage to up to…
Markets regulator Sebi has introduced a new turnover-linked framework to define what qualifies as a material related party transaction (RPT), shifting from a fixed cap-based approach in a bid to resolve ambiguities and streamline compliance under the Listing Obligations and Disclosure Requirements (LODR) norms.The regulator has also revised audit committee approval thresholds for RPTs executed…
The government plans to introduce a bill in the upcoming Winter session of Parliament to raise the foreign direct investment (FDI) limit in the insurance sector to 100 per cent from the current cap of 74 per cent, according to a Lok Sabha bulletin.The Winter session is scheduled from December 1 to 19 and will…
A joint platform of ten central trade unions on Friday criticised the government’s notification of the four labour codes, calling the move “a deceptive fraud committed against the working people of the nation” and announcing a nationwide day of protest on November 26. The unions allege that the implementation, effective from November 21, is unilateral…
In a major policy shift, the government on Friday announced the implementation of four consolidated labour codes–Code on Wages (2019), Industrial Relations Code (2020), Code on Social Security (2020) and the Occupational Safety, Health and Working Conditions (OSHWC) Code (2020)–with effect from November 21, 2025. The move rationalises 29 existing labour laws and aims to…
External affairs minister S Jaishankar on Tuesday said that the world must show “zero tolerance” towards terrorism. Speaking at the Shanghai Cooperation Organisation’s Council of Heads of Government meeting in Moscow, he also called upon the organisation to make reforms in its working process.Addressing the gathering, Jaishankar said, “We must never forget that the SCO…
In a major policy shift aimed at unlocking India’s vast marine wealth, the Centre has notified new rules for deep-sea fishing in the country’s Exclusive Economic Zone (EEZ) — prioritising fishermen cooperatives, small-scale fishers, and digital transparency, while banning foreign vessels from Indian waters.The rules, notified on November 4, fulfil the government’s Budget 2025-26 promise…
NEW DELHI: Observing that sale or purchase of immovable property is a distressing and traumatic task fraught with risk of fraud as it is still regulated by colonial laws, Supreme Court on Friday said the time has come to reform the procedure to make it simpler, transparent and fraud free by use of technology and…
The Institute of Chartered Accountants of India (ICAI) on Thursday presented its suggestions to a Parliamentary panel reviewing proposed changes to the Insolvency and Bankruptcy Code (IBC), aimed at strengthening and streamlining the insolvency resolution framework.The Select Committee of Parliament, headed by BJP MP Baijayant Panda, is examining the Insolvency and Bankruptcy Code (Amendment) Bill,…
Markets regulator Sebi has proposed a major revamp of the certification framework for securities market professionals, aiming to expand participation and upgrade skill standards in line with evolving market needs.In a consultation paper released on Thursday, Sebi suggested broadening the definition of “Associated Persons” to include not only those employed by intermediaries and regulated entities…
