All stories by Somesh Jha
The bank has the power of 5Cs: PNB chief
Rediff.com13 Mar 2018The bank has one of the highest current account savings account share, stable credit quality, robust credit growth, adequate capital and low cost-to-income ratio, said PNB chief Sunil Mehta.
PNB to provide for Rs 60 bn loss this quarter for NiMo scam
Rediff.com12 Mar 2018"Our preliminary estimates show we may have to provide for around Rs 60 billion in the balance sheet for the quarter ending on March. The due date for LoUs amounting to Rs 60 billion is falling in the present quarter. This will be a contingent liability for the bank," said a senior executive, on condition of anonymity.
The rot in the EPFO data
Rediff.com22 Feb 2018Out of around 80 million accounts that were analysed, there were 10 million records with only names and no other details about the subscribers, including their date of joining, date of birth and father's name, among others, in the EPFO's records.
Why Indian Labour Conference has been postponed
Rediff.com21 Feb 2018At the 47th ILC, scheduled for February 26 and 27 in Delhi, trade unions and employers were to discuss key issues related to employment and social security coverage to workers
Job creation takes a beating in April-June 2017
Rediff.com21 Feb 2018The number of new jobs created declined by around 65 per cent to 64,000 in April-June 2017, from 185,000 in January-March 2017, according to the Labour Bureau's quarterly report on employment.
Lapses in banking system: Govt seeks RBI's views
Rediff.com20 Feb 2018In its letter, finance ministry has pointed to sections 35, 35A and 36 of the Banking Regulation Act, 1949, to highlight the powers and functions of the RBI as regulator
How govt plans to ensure PNB-style scams don't ever happen
Rediff.com20 Feb 2018Govt tells PSBs to integrate banking systems, rotate staff as a policy
No representations from investors against LTCG tax: Sebi chief
Rediff.com12 Feb 2018After holding discussions with the FM, the Sebi chief said the government thought it was an opportune time to levy the LTCG tax as the "markets are booming."
Govt drops move to make hire and fire easier
Rediff.com10 Feb 2018The decision to drop the proposal was taken last month during a meeting that Finance Minister Arun Jaitley held with labour ministry officials.
Why RSS' labour wing will boycott PM's speech
Rediff.com10 Feb 2018Calling the Budget 2018 'anti-labour', the Bharatiya Mazdoor Sangh will observe February 20 as a 'black day'.
Budget 2018: Jaitley may have some bad news for the labour ministry
Rediff.com31 Jan 2018It had earlier proposed cutting it down to Rs 250 crore due to slow progress in enrollment of new employees.
8% savings bonds scheme not closed, but interest rate lowered
Rediff.com3 Jan 2018The bond, which the Reserve Bank of India started issuing on behalf of the Union government in 2003, was considered one of the safest savings instruments for retail investors.
Proposal to bring back fixed-term employment on anvil
Rediff.com27 Dec 2017Under fixed-term employment, workers are entitled to all statutory benefits available to a permanent worker in the same factory. However, employers may not give notice to a fixed-term worker on non-renewal or expiry of his or her contract.
'DB Realty will be back with a big bang'
Rediff.com22 Dec 2017Soon after a special CBI court acquitted all those accused the 2G spectrum allocation case, Somesh Jha spoke to DB Realty Managing Director Vinod Goenka at the crowded Patiala House premises.
Irony at CBI court: Only 2G network available during verdict!
Rediff.com22 Dec 2017Somesh Jha describes the mood at Patiala House courtroom and outside on Thursday during the 2G spectrum case verdict.
'Government doesn't care for workers'
Rediff.com19 Dec 2017'On December 5, the government called unions for pre-Budget consultations.' '12 trade unions were called and the time allotted was one hour which means 5 minutes for each union.' 'We were asked to present our views in about four minutes.' 'That itself is a reflection of how serious the government is about workers' demands.'
Labour reforms take a hit; no change in hire-and-fire norms
Rediff.com8 Dec 2017Protests by central labour unions and widespread criticism from Opposition parties because of job losses on account of demonetisation and the GST have put the contentious labour reform proposals in the slow lane.
AAI, states to develop 4 airports in partnership
Rediff.com24 Nov 2015The state-owned airport authority is conducting a techno-feasibility study.
DGCA audit raises concern over Air India's ageing fleet
Rediff.com26 Oct 2015The DGCA probe detected serious issues related to safety oversight.
No records of PM's meeting on aviation policy, says government
Rediff.com24 Oct 2015There is no clarity on the stand taken by the PM on many issues plaguing the aviation sector