EPFO cuts interest rate on deposits to 8.50% for FY20; move to affect 6 crore salaried employees
The Employees' Provident Fund Organisation (EPFO) on Thursday lowered the interest rate on provident fund deposits to 8.50% for FY20 (2019-20) from 8.65% in FY19 (2018-19), Labour Minister Santosh Gangwar said on Thursday.
The new rate is 15 basis points below the figure for the previous financial year, impacting...
On Thursday, 5th March, The Delhi govt has advised offices to suspend biometric attendance in the wake of the coronavirus outbreak.
"A letter has been written to principal secretaries, secretaries, autonomous bodies and municipal corporations for the suspension of biometric attendance in view of coronavirus threat," the official told PTI.
Several government institutions and organizations started registering attendance manually.
The South and East Delhi municipal corporations...
Tech Mahindra, an Indian multinational subsidiary of the Mahindra Group, providing information technology services and business process outsourcing to companies in various vertical and horizontal markets, bans all Domestic & International Travel with immediate effect amidst the Coronavirus Outbreak.
Talking to SightsIn Plus, Harshvendra Soin, Chief People Officer, Tech Mahindra, said, “At Tech Mahindra, we strongly believe in “Wellness before...
The concept of
“Employee Wellness” has become the flavour of the season in many corporates. To
be an employer of choice, many corporates join the bandwagon of employee
wellness without much deliberations and hence these programs fail. In order to
have a healthy and happy workforce, employee wellness should become an integral
part of the company’s culture and business strategy.
Well-designed Program
A well-designed
employee wellness...
As the Coronavirus outbreak reaches Indian shores with at least 29 confirmed cases in the country, its effects have begun to be felt in many quarters. Companies and industries around the world are now contemplating their next move to contain the virus, safeguard employees and sustain the business.
An Intel employee in Bangalore has potentially been exposed and is currently...
As technology is pushing human evolution, businesses need to be acutely aware of the human angle in every new disruption unleashed by tech-enabled solutions. The Indian e-commerce market is expected to reach $100 billion replacing China as the top retail destination by 2022 and generate more than 1 million jobs. As we entered 2020, the human capital is proving to...
Paytm confirms one employee in Gurugram has tested positive for novel coronavirus, thus company shuts offices for two days and advised all its employees to work from home for the next couple of days while the Gurgaon unit gets sanitised.
According to the spokesperson, the employee had recently returned from a vacation in Italy, one of the worst-hit countries from...
Consumer behaviour experts swear by the statement,” Buying is an
emotional decision”. All of us have experienced it in our daily lives.
Irrespective of all the data, analysis, peer influence, advertising, and the
price, ultimately the decision is influenced by our subconscious biases mainly
driven by the primal stimulus- Emotion. The same thing can be said for rewards.
Rewards over years of industrialization too...
TimesJobs survey on the impact of Union Budget 2020 reveals that most (56%) professionals welcomed that income tax slab revision, The announcements related to insurance policies were the biggest disappointment 39% of young professionals said that the Union Budget 2020 failed to introduce concrete plans on employment generation41% of...
Fin-Tech Startup; Loanwalle.com added another feather to its cap by expanding its operations in Punjab. Going ahead with its rapid expansion plan, the company invested INR 30 Cr in Punjab while focusing on key cities like Chandigarh, Ludhiana, Ambala, Jalandhar, and Amritsar.
Ranked 14th on the GDP index, 46% of the population in Punjab comprises serviced individuals. The city holds...