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Explained : Why The Employers May Have To Revise Offer Letters

Explained : Why the employers may have to revise offer letters As per the new definition of wages under the Code on Wages, 2019, the government has put a cap on the allowances at 50 percent of the total compensation. The experts, therefore, say this will entail higher costs for employers and a lower take home pay for employees. December 24, 2020 / 07:33 PM IST Payroll experts are of the opinion that employers may have to revise offer letters if the Code on Wages becomes effective from April 1, 2021. As per the new definition of wages under the Code on Wages, 2019, the government has put a cap on the allowances at 50 percent of the total compensation. The experts, therefore, say this will entail higher costs for employers and a lower take home pay for employees.

Lohit bhatiaGaurav kumarPrashant singhTeamlease servicesNational pension systemQuess corpPublic provident fundProvident fundVice presidentPayroll outsourcingWorkforce managementChief technology officerWages actMinimum wages actBonus actEqual remuneration act

Ease of Doing Business: Govt permits these 5 states for additional market borrowing of Rs 16,728 cr

Ease of Doing Business: Govt permits these 5 states for additional market borrowing of Rs 16,728 cr
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Madhya pradeshAndhra pradeshTamil naduDepartment of expenditureFinance ministryBusiness reform action planEstablishment actContracts labourFactories actLegal metrology actInter state migrant workmenStorage licenseTrade licenseEqual remuneration actMinimum wages actEstablishments act

5 States permitted to borrow additional Rs 16,700 crore - The Hindu BusinessLine

5 States permitted to borrow additional Rs 16,700 crore December 20, 2020 Andhra Pradesh, Karnataka, Madhya Pradesh, Tamil Nadu and Telangana completed stipulated reforms The Centre, on Sunday, granted permission for additional borrowing of over ₹16,700 crore to 5 States on account of completing stipulated citizen centric reforms. These States are Andhra Pradesh, Karnataka, Madhya Pradesh, Tamil Nadu and Telangana. In view of the resource requirement to meet the challenges posed by the Covid-19 pandemic, the Government of India had on May 17 enhanced the borrowing limit of the States by 2 per cent of their GSDP (Gross State Domestic Products). Half of this special dispensation was linked to undertaking citizen centric reforms by the States. The four citizen centric areas for reforms identified were - Implementation of ‘One Nation. One Ration Card’ system, ‘Ease of doing business’ reform, Urban Local body/utility reforms and Power Sector reforms.

Madhya pradeshAndhra pradeshTamil naduGross state domestic productsOne ration cardUrban localPower sectorDoing businesDistrict level business reform action planEstablishment actContracts labourFactories actLegal metrology actInter state migrant workmenStorage licenseTrade license

Deriving The Meaning Of Wage : A Comparative Analysis Of The Payment Of Wages Act, 1936 And The Code On Wages, 2019

Deriving The Meaning Of Wage : A Comparative Analysis Of The Payment Of Wages Act, 1936 And The Code On Wages, 2019
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Union governmentSecond national commission on labour lawsSecond national commissionLabour lawsWages actMinimum wages actBonus actEqual remuneration actதொழிற்சங்கம் அரசுஇரண்டாவது தேசிய தரகு ஆன் தொழிலாளர் சட்டங்கள்இரண்டாவது தேசிய தரகுதொழிலாளர் சட்டங்கள்ஊதியங்கள் நாடகம்குறைந்தபட்சம் ஊதியங்கள் நாடகம்போனஸ் நாடகம்

This is Why Your In-hand Salary Will Reduce from April 2021

This is Why Your In-hand Salary Will Reduce from April 2021
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Lok sabhaProvident fundWages billRajya sabhaMinimum wages actWages actBonus actEqual remunerationலோக் சபாவருங்கால நிதிஊதியங்கள் ர சி துராஜ்யா சபாகுறைந்தபட்சம் ஊதியங்கள் நாடகம்ஊதியங்கள் நாடகம்போனஸ் நாடகம்