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High Employee Attrition of 25% In Private Banks Pose Operational Risk: RBI Report
Employee attrition in private sector banks has witnessed an increase to about 25 per cent and this high turnover rate poses significant operational risk, according to the latest Report on Trend and Progress of Banking in India 2023-24.
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14 Work Hours A Day, 70 A Week: Karnataka Plans New Bill For Techies
Amid a huge uproar over a bill that directed private firms in Karnataka to reserve jobs for Kannadigas, the state government is now planning to raise the IT staff's working hours to 14 per day, the Karnataka State IT/ITeS Employees Union (KITU) said.
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Gurugram Bank Employee Opens Fake Accounts For Fraudsters To Meet Targets, Arrested
Police have arrested a deputy manager of a private sector bank from Mumbai who allegedly opened fake bank accounts for fraudsters to meet his targets, officials said.
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Private Firm Employee Assaulted By Company Director In Gurugram: Cops
A private company employee was assaulted by his company director and guards at their office in sector 44 here on Friday, police said.
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Tax-Free Leave Encashment Limit After Retirement Raised To Rs 25 lakh
In line with the Budget announcement, the finance ministry on Thursday hiked the tax exemption limit for leave encashment upon retirement for private sector salaried employees to Rs 25 lakh.
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Sri Lanka Suspends Fuel Sales For Two Weeks
Cash-strapped Sri Lanka announced a two-week halt to all fuel sales except for essential services Monday and appealed to the private sector to let employees work from home after running out of supplies.
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Brazilian MP Proposes Bill to Legalise Crypto Payments to Public and Private Sector Employees
The bill proposed by Goulart looks forward to a new law that allows all the workers to an open option where they can seek remuneration in cryptocurrencies from their employers, but only provided there's a mutual agreement in place between the employeer and employee.
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Court Asks Centre, Tamil Nadu To Consider Plea On Economic Stimulus Package
The Madras High Court on Tuesday directed the Centre and Tamil Nadu government to consider a plea to provide economic stimulus packages for employees of private and unorganised sectors who have lost their jobs due to the COVID-19 lockdown.
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Assam Congress Collecting 50 Lakh Traditional Scarf With Anti-CAA Message
With the election in Assam two months away, the Congress's anti-Citizenship (Amendment) Act or CAA "gamosa collection drive" started today. College students, entrepreneurs, senior citizens and private sector employees, among others, have given support to the party and handed over gamosas - a tradition cloth in Assam - signed by them to Congress lea...
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Boost For Small Businesses, Salaries In COVID-19 Package: 10 Points
Private sector employees will get a boost to their take-home salaries and small and medium-sized will be offered Rs 3 lakh crore in collateral-free bank loans, Finance Minister Nirmala Sitharaman announced on Wednesday, detailing parts of the government's Rs 20 lakh crore COVID-19 economic relief plan. Shadow banks and power companies will also ben...
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"No Data Breach In Aarogya Setu App": Government On Hacker's Red Flag
There is no security breach in coronavirus tracking app Aarogya Setu, the government said today in response to claims by a French "white hat", or ethical hacker, who said on Tuesday that the "privacy of 90 million Indians is at stake". The hacker also said Congress MP Rahul Gandhi, who has repeatedly warned against the app, "was right". In a statem...
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Aarogya Setu App Now Mandatory for Public, Private Sector Employees, as Well as People Living in Containment Zones
The government has made the use of Aarogya Setu app mandatory for all public and private sector employees while announcing another extension of the ongoing lockdown to contain the COVID-19 pandemic. It has also made the app compulsory for people residing in COVID-19 Containment Zones to enable intensive surveillance and contact tracing in those are...
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Will Start Some Flights From May 4, Says IndiGo After Lockdown Extension
IndiGo, the country's largest private airline, announced today that it will resume flights from May 4, a day after the extended lockdown to check the spread of coronavirus is to end. The airline will start with fewer flights and ramp it up over the next few months, even restoring select international flights, its CEO said.
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Keen On Separate Fund For Private Sector Employees: Pension Regulator
"We are looking forward to a separate trust for only private sector pension funds. There is a suggestion in the amendment that we have proposed that there can be more than one trust also. It may be so that we will have a different trust looking after the private sector funds. Today, the structure is NPS Trust is looking after everything - both priv...
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Laid-Off Employees Deep In Debt As Slowdown Hits Tamil Nadu Auto Hub
In Chennai's Ambattur, a hub for tiny auto component manufacturers, machine operator Sahaya Mary was pushed out of her job of 10 years. With no means of income, she had to take a loan from a private money lender at a very high interest rate. Unable to pay off her debt, she has now pledged the little gold that she owned. "I don't know whether to eat...
-
High Employee Attrition of 25% In Private Banks Pose Operational Risk: RBI Report
Employee attrition in private sector banks has witnessed an increase to about 25 per cent and this high turnover rate poses significant operational risk, according to the latest Report on Trend and Progress of Banking in India 2023-24.
-
14 Work Hours A Day, 70 A Week: Karnataka Plans New Bill For Techies
Amid a huge uproar over a bill that directed private firms in Karnataka to reserve jobs for Kannadigas, the state government is now planning to raise the IT staff's working hours to 14 per day, the Karnataka State IT/ITeS Employees Union (KITU) said.
-
Gurugram Bank Employee Opens Fake Accounts For Fraudsters To Meet Targets, Arrested
Police have arrested a deputy manager of a private sector bank from Mumbai who allegedly opened fake bank accounts for fraudsters to meet his targets, officials said.
-
Private Firm Employee Assaulted By Company Director In Gurugram: Cops
A private company employee was assaulted by his company director and guards at their office in sector 44 here on Friday, police said.
-
Tax-Free Leave Encashment Limit After Retirement Raised To Rs 25 lakh
In line with the Budget announcement, the finance ministry on Thursday hiked the tax exemption limit for leave encashment upon retirement for private sector salaried employees to Rs 25 lakh.
-
Sri Lanka Suspends Fuel Sales For Two Weeks
Cash-strapped Sri Lanka announced a two-week halt to all fuel sales except for essential services Monday and appealed to the private sector to let employees work from home after running out of supplies.
-
Brazilian MP Proposes Bill to Legalise Crypto Payments to Public and Private Sector Employees
The bill proposed by Goulart looks forward to a new law that allows all the workers to an open option where they can seek remuneration in cryptocurrencies from their employers, but only provided there's a mutual agreement in place between the employeer and employee.
-
Court Asks Centre, Tamil Nadu To Consider Plea On Economic Stimulus Package
The Madras High Court on Tuesday directed the Centre and Tamil Nadu government to consider a plea to provide economic stimulus packages for employees of private and unorganised sectors who have lost their jobs due to the COVID-19 lockdown.
-
Assam Congress Collecting 50 Lakh Traditional Scarf With Anti-CAA Message
With the election in Assam two months away, the Congress's anti-Citizenship (Amendment) Act or CAA "gamosa collection drive" started today. College students, entrepreneurs, senior citizens and private sector employees, among others, have given support to the party and handed over gamosas - a tradition cloth in Assam - signed by them to Congress lea...
-
Boost For Small Businesses, Salaries In COVID-19 Package: 10 Points
Private sector employees will get a boost to their take-home salaries and small and medium-sized will be offered Rs 3 lakh crore in collateral-free bank loans, Finance Minister Nirmala Sitharaman announced on Wednesday, detailing parts of the government's Rs 20 lakh crore COVID-19 economic relief plan. Shadow banks and power companies will also ben...
-
"No Data Breach In Aarogya Setu App": Government On Hacker's Red Flag
There is no security breach in coronavirus tracking app Aarogya Setu, the government said today in response to claims by a French "white hat", or ethical hacker, who said on Tuesday that the "privacy of 90 million Indians is at stake". The hacker also said Congress MP Rahul Gandhi, who has repeatedly warned against the app, "was right". In a statem...
-
Aarogya Setu App Now Mandatory for Public, Private Sector Employees, as Well as People Living in Containment Zones
The government has made the use of Aarogya Setu app mandatory for all public and private sector employees while announcing another extension of the ongoing lockdown to contain the COVID-19 pandemic. It has also made the app compulsory for people residing in COVID-19 Containment Zones to enable intensive surveillance and contact tracing in those are...
-
Will Start Some Flights From May 4, Says IndiGo After Lockdown Extension
IndiGo, the country's largest private airline, announced today that it will resume flights from May 4, a day after the extended lockdown to check the spread of coronavirus is to end. The airline will start with fewer flights and ramp it up over the next few months, even restoring select international flights, its CEO said.
-
Keen On Separate Fund For Private Sector Employees: Pension Regulator
"We are looking forward to a separate trust for only private sector pension funds. There is a suggestion in the amendment that we have proposed that there can be more than one trust also. It may be so that we will have a different trust looking after the private sector funds. Today, the structure is NPS Trust is looking after everything - both priv...
-
Laid-Off Employees Deep In Debt As Slowdown Hits Tamil Nadu Auto Hub
In Chennai's Ambattur, a hub for tiny auto component manufacturers, machine operator Sahaya Mary was pushed out of her job of 10 years. With no means of income, she had to take a loan from a private money lender at a very high interest rate. Unable to pay off her debt, she has now pledged the little gold that she owned. "I don't know whether to eat...
