Employees

Turkey sacks 18,500 state employees

Turkish authorities have ordered the dismissal of more than 18,500 state employees over alleged links to terrorist organisations. The people have been sacked as part of a crackdown following a failed military coup two years ago. Turkey has been under a state of emergency since July 2016 following an attempted overthrow of President Recep Tayyip Erdogan’s government.

Punjab orders mandatory dope test

Punjab CM Captain Amarinder Singh has ordered a mandatory dope test for all government employees, including police personnel, from the time of their recruitment through every stage of their service. Drug screening will be mandatory in cases of promotions, and also be a part of annual medical examinations. The state’s Chief Secretary has been asked to issue an order.

DEPwD to Organize workshop for PwDs”

Dept. of Empowerment of Persons with Disabilities (DEPwD) is organizing a “National Workshop on Skill Development for Persons with Disabilities”. The workshop is being organized with a view to provide a platform to all stakeholders ranging from training partners to the policy makers as well as employers. The Workshop will dwell upon all the issues involved in the skill development for PwDs.

EPFO changes provision for withdrawing funds

Retirement fund body EPFO provided an option to withdraw 75% of their funds after 1 month of unemployment. The members would also have an option to withdraw remaining 25% of their funds and go for final settlement of account after completion of 2 months of unemployment. These provisions are done under the Employee Provident Fund Scheme 1952.

41 lakh new jobs created in 8months: CSO

Central Statistics Office (CSO) released the employment-related statistics in the formal sector for eight months beginning from September 2017. The year witnessed new payrolls of over 6.8 Lakhs were recorded by Employees’ Provident Fund Organisation (EPFO). The estimated total number of new National Pension Scheme subscribers during the same period is over 5 lakhs.

Govt to have quota in promotions for SC/ST

The Supreme Court has allowed the Centre to provide reservation in promotions for SC/ST employees in all government departments till the issue is disposed of by the bench. A Bench of Justices A.K. Goel and Ashok Bhushan said nothing prevented the government from promoting employees in accordance with law. SC’s 2006 judgment in the M. Nagaraj case was applicable to reservation in promotion.

EPFO cuts administrative charges to 0.5%

Employees’ Provident Fund Organisation’s trustees had decided to cut the administrative charges to 0.50% from 0.65% of total wage paid by employers in its meeting this year. EPFO decided to cut the administrative charges in view of its expanding business and high recovery of such fees. According to EPFO estimates, the employers would save in total around ?900 crore annually after this move.

EPF interest rate hits 5-year low at 8.55%

The government has notified 8.55% interest rate on EPF for 2017-18, lowest in 5 years since the 2012-13 fiscal. Employees’ Provident Fund is a mandatory contribution from the salary of an individual that every company which has more than 20 employees has to deduct. EPF accounts are overseen by the Employees’ Provident Fund Organisation, which is under the Ministry of Labour & Employment.

Aadhaar not mandatory for getting pension

The government clarified that Aadhaar has not been made mandatory for getting pension for government employees. The government said that Aadhaar is an additional facility to enable the use of technology for submission of life certificate without visiting banks. There are about 48.41 lakh Central Government employees and 61.17 lakh pensioners.

35.3 Lakh New Jobs Generated in 6 Months

Government think-tank Niti Aayog said 35.3 lakh new jobs were generated between September 2017 and February this year.This was based on the additions made in payrolls from Employees’ Provision Fund Organisation, Pension Fund Regulatory Development Authority. The NITI Aayog said that the payroll data from these organisations would now be released every month.

Tata Sons appoints new Group Chief HR Officer

Tata Sons has appointed long-time group employee Nupur Mallick as its new Group Chief Human Resource Officer.Currently, Mallick is director, Human Resources for Tata Consultancy Services in the UK and Ireland. She will take over from S. Padmanabhan who will continue to be executive chairman of Tata Business Excellence Group and head, Sustainability Group.

Cabinet enhanced the coverage of PMRPY

The Cabinet Committee on Economic Affairs has given its approval for enhancing the scope of Pradhan Mantri Rojgar Protsahan Yojana (PMRPY). The informal sector workers would get social safety net and there would be more job creation. In this scheme, Government is paying the 8.33% contribution of Employers to the Employees‘ Pension Scheme (EPS) in respect of new employees.

Microsoft opens Garage innovation site

Microsoft inaugurated Garage facility, a maker space for employees, its first in Hyderabad and the 2nd largest in the world after its Redmond Garage facility. Microsoft Garage provides a platform to employees who want to explore ideas, build prototypes or experiment with existing products. India is Microsoft‘s 2nd largest work location after Redmond, which employees close to 45,000 people.

Payment of Gratuity Amendment bill passed

22 :The Rajya Sabha passed the Payment of Gratuity (Amendment) bill. The bill would enhance the ceiling of tax-free gratuity to Rs 20 lakh from existing Rs 10 lakh for employers under the Payment of Gratuity Act. It is applicable to employees, who have completed at least five years of continuous service in an establishment that has 10 or more persons.

Khadi industry lost 7 lakh jobs

The number of people employed in the Khadi sector fell from 11.6 lakh to 4.6 lakh in the last two financial years, the government informed the parliament. However, the production of Khadi increased by 31.6% and sales grew by 33% during the period. Notably, 3.2 lakh jobs were lost in the central zone comprising UP, Chhattisgarh, Madhya Pradesh and Uttarakhand.

DA hiked to 7% for central govt employees

The Cabinet approved a hike in Dearness Allowance to central government employees and Dearness Relief to pensioners from 5% to 7%, with effect from January 1, 2018. It represents an increase of 2%. The hike is expected to benefit 48.41 lakh central government employees and 61.17 lakh pensioners. The impact on the exchequer over the DA hike will be Rs.6,077 crore per annum.

MP to raise retirement age for govt employees

Madhya Pradesh CM Shivraj Singh has announced raising the retirement age of state govt employees to 62 years from current 60 years.The CM cited promotion of general category employees as a reason to raise the age limit of these employees. There are about five lakh regular government employees in the state. The state already has bigger retirement age limit in case of teachers and doctors.

EPFO Makes Online Claims necessary

EPFO has made it mandatory to file online claims for provident fund withdrawals above Rs 10 lakh, taking another step towards becoming a paperless organisation. The EPFO has also made it mandatory to file online claims for withdrawals of above Rs 5 lakh under the Employees Pension Scheme 1995. The EPFO has over six crore subscribers and manages a corpus of Rs 10 lakh crore.

EPFO Introduces UAN- Aadhar Linking Facility

Employees’ Provident Fund Organisation (EPFO) has introduced UAN-Aadhaar linking facility for the convenience of members using EPFO Link in UMANG Mobile App.The facility on e-KYC Portal has further added a new feature to link UAN with Aadhaar online using biometric credentials.For using this facility with UMANG APP, member will have to provide his/her UAN.

Railways to install sanitary pad dispensers

28 : The Railway Ministry said it aims to install sanitary pad dispensers and incinerators at about 200 stations by International Women’s Day on March 8.The move is aimed to benefit Railway employees and passengers from financially weaker sections. The dispensers have already been installed at railway stations in New Delhi and Bhopal.

US tightens H-1B visa rules

The Donald Trump has just made it more difficult for companies and individuals to get H-1B work visas.Indians and Indian IT companies will feel the impact the most because they are the biggest users of this visa. The H-1B is a visa in the US under the Immigration and Nationality Act, section 101(a)(15)(H) which allows U.S. employers to employ foreign workers in speciality occupations.

EPFO fixes interest rate at 8.55 %

The Employees’ Provident Fund Organisation, EPFO has declared 8.55% interest rate for 2017-18 for its about 5 crore members, the lowest in five years.The move will affect around 6 crore subscribers and leave EPFO with a surplus of Rs 586 crore against Rs 695 crore in the previous financial year. Cut comes at a time when returns on debt funds have decreased to 6.75% from 7.5-8% last year.

Country’s first all-women railway station

Jaipur’s Gandhinagar railway station has become the country’s only non-suburban railway station to be entirely run by women.The station is fully operated by 28 women employees, including ticket checkers, RPF, operations staff and reservation and booking supervisors. The station has a footfall of nearly 7000 passengers per day and of the 50 trains which pass by, 25 trains halt here.

TCS recognized as the world’s best employers

Tata Consultancy Services has been recognized as the world’s best employers by the Top Employer Institute for the consecutive 3rd year.TCS was selected from a pool of 1,300 companies in 113 countries for offering exceptional services to its employees. Top Employer rankings are based on criteria including Talent Strategy, Workforce Planning, Learning& Development & On-boarding among others.

Allahabad Bank eyes Rs 270 crore capital

Allahabad Bank is aiming to raise Rs 250-270 crore from the employee share offer which started from January 31, 2018.Allahabad Bank is the first among the public sector banks to offer share to its employees.The bank is giving a 25% discount on pricing at Rs 53.94 per share to the employees.So far in the current fiscal, the bank had raised Rs 700 cr as capital and also raised some bonds.

Govt to contribute 12% as EPF

Government will now contribute 12% of employee provident fund to the new employees in all sections for the next 3 years.EPF Act will be amended to reduce contribution of women to 8% from 12% with no change in employer’s contribution.This would effectively mean women employees will be able to get a higher take home pay.

EPFO goes paperless

Taking another step towards going paperless, retirement fund body EPFO said it has launched facilities for employers to pay dues and update ownership details online.Employees’ Provident Fund Organisation (EPFO) has provided the facility of online submission of Form 5A (Return of Ownership), it said in a statement. EPFO added it has discontinued the physical submission of the form.

Paytm valuation hits $10 bn

Indian digital payment startup Paytm has crossed $10 billion valuation for the first time after 200 current and former employees sold their shares worth $47.2 million.Paytm’s last valuation stood at $7 billion when it raised $1.4 billion from SoftBank last year. The new valuation makes Paytm second-most valuable internet startup in India after Flipkart (about $12 billion).

Tiger census begins in Maharashtra

The six-day, four-yearly national wildlife census, generally called tiger census, began in Maharashtra.The ground staff belonging to one of the trade unions, demanding upgradation of their pay scales, had threatened to skip gadgets necessary for use in the census. They argued that they should get payscale applicable to technical category employees of the government.

Allahabad Bank to issue shares

Allahabad Bank has became the 1st public sector lender to offer an employee stock option scheme, under which it will offer 5 crore ordinary shares to its staff.Proceeds from share sale will be used to raise core capital of the bank which has long ago been placed under prompt corrective action by RBI. Bank may issue shares in 1 tranche & will complete the transactions in this financial year.

India’s first IT trade union in Pune

The Pune chapter of the Forum for IT Employees (FITE) has become the first officially registered trade union for the IT sector in India.FITE was formed in Bengaluru a few years ago to fight the layoffs in IT sector. The FITE also helped affected employees file cases under the Industrial Disputes Act before the offices of the Labour Commissioner and the labour court.

IICA, IPPB Sign MoU

The Indian Institute of Corporate Affairs and India Post Payments Bank signed an agreement for the training of employees of the latter in the area of payment banking.Under the agreement, IICA has been entrusted with the key responsibility of capacity building of IPPB.Employees will be provided research support by instituting Research Chairs in the emerging area of payment banking.

Sodexo partners with Swiggy

Sodexo, an employee benefit provider has announced its partnership with food ordering & delivery platform, Swiggy.With this in place, 3 million daily users of Sodexo can now use their Meal Cards to order food via Swiggy app, thus enabling seamless food delivery and payment.Through this, Sodexo aims at leveraging their technological expertise in their transformation to a digitized entity.

Shalabh Seth, CEO of Ola Fleet

Technologies has resigned from the firm.Seth is one of several high-profile executives hired by Ola over the past 3 years. Seth, a former CEO of brewer SabMiller India, had joined Ola in Jan.OLA has been struggling to retain senior-level employees for a while now & Seth’s resignation adds on to the long list of executives that have stepped down.

Karnataka passes SC/ST promotions bill

Karnataka passed ‘Karnataka Extension of Consequential Seniority to Government Servants Promoted on the Basis of Reservation Bill 2017’. Prior to introduction of this bill, SC had struck down Karnataka Govt.’s provision for providing reservation in promotion for SC/ST employees. Karnataka had formed a committee led by Additional Chief Secretary Ratnaprabha to study the above issues.

Railways launches Project Saksham

14 : Railways will launch the country’s largest time-bound “upskilling” exercise for government employees to upgrade the skill sets of its 13 lakh-strong workforce with a single drive spanning 9 months. Project Saksham will start in January 2018 and go on until September. The launch date of the project has been tentatively scheduled to coincide with the 155th birth anniversary of Vivekananda.

Government triples home loan limit

The government raised the maximum amount that a central government employee can borrow from the government to Rs 25 lakh for new construction/purchase of new house. The limit for home loan borrowing has been tripled for central government employees as per the 7th pay commission recommendations. Earlier this limit was only Rs 7.50 lakh. This move is going to benefit about 50 lakh employees.

Pension for govt staff widows restored

CM Amarinder Singh has restored the Special Family Pension for widows of government employees killed by extremists. He has agreed to extend the Red Card scheme to families of police personnel killed during the militancy period. He said that pension under the scheme would be made available to the widow till her death as against the earlier provision of it being provided until her remarriage.

Kotak Mahindra Bank launches Paymint

Kotak Mahindra Bank in collaboration with financial technology firm Zeta has launched a multi-wallet digital prepaid solution for salaried employees named ‘Paymint’. Through Paymint’s single digital interface, corporate entities will be able to manage multiple reimbursements and allowances offered to employees. Paymint will help corporate to get rid of cumbersome paper work.

Bihar gives reservation to ‘Divyangs’

The Bihar state cabinet has approved reservations for persons with disabilities in government jobs and educational institutions. This provision was made in accordance with the Persons with Disabilities Act, 2016. The cabinet also decided to pay allowances to the state government employees as per the revised rates.

$100 million ESOP repurchase plan

Board of Flipkart has approved a plan to repurchase employee stock options in a move that could benefit close to 6,000 current & former employees. This buyback plan marks the largest such programme till date in Indian startup sector & offers stakeholders biggest opportunity to liquidate their holdings. Besides Flipkart, employees of Myntra & PhonePe will also be a part of repurchase programme

SBI to teach bankers

SBI is planning to throw open its new banking personnel training institute for employees of other banks in India & other South East Asian countries. The institute will impart leadership training to people in the mid-managemnet level & above with thrust on risk mitigation, banking regulation and technology. The focus will be on action-based and result-oriented research and capacity building.

Smriti Irani inaugurates ‘VASTRA’ fair

Union Textiles Minister Smriti Irani inaugurated the 6th edition of the international textile and apparel fair, ‘VASTRA’ in Jaipur. The textile sector employs 2nd largest workforce in the country, with 4.5 crore people directly getting livelihood from it & 2 crore people being indirectly employed. The fair would provide younger generation with an exposure to world of fashion & designing.

India joins quantum computing race

The Department of Science and Technology is planning to fund a project to develop quantum computers. A quantum computer, still largely a theoretical entity, employs the principles of quantum mechanics to store information in ‘qubits’ instead of the typical ‘bits’ of 1 and 0. Canada’s D-Wave Systems, is a pioneer in quantum computers.

First Pension Adalat

MoS for Pensions Dr Jitendra Singh will inaugurate the 1st Pension Adalat in New Delhi. It aims to bring aggrieved pensioner, concerned department & bank on a common table so that cases can be settled within framework of extant rules. Dr Singh will also award pensioners for their contribution towards – a platform for retiring employees for sharing their experience of working with govt

Assam Assembly Passed Pranam Bill

Assam assembly has passed a bill seeking to deduct a fraction of salary of state govt employees for benefit of their parents or differently abled siblings. Known as Assam Employees PRANAM Bill, it is aimed at ensuring that employees do not neglect their loved ones in times of need. Bill has provisions for deducting 10% of an employee’s pay & transferring it to account of the relative concerned

Trawl System by DRDO

DRDO has undertaken design & development of Trawl System for minefield area in the battle zone to meet the operational requirements of Indian Army. It is employed for breaching of land mines & creating a vehicle safe lane, through a minefield for advancing columns of mechanized forces in combat zone It is capable of breaching a variety of land mines including passive & active influence mines

Bill to increase tax-free gratuity

Centre has approved an amendment Bill that increases limit of tax-free gratuity up to Rs 20 lakh for employees belonging to public as well as private sector. The current upper ceiling on gratuity under the Payment of Gratuity Act, 1972, is Rs 10 lakh. Gratuity is a sum of money an employee receives from his or her employee in exchange of services rendered to the organisation.

Brilliant Basics acquisition completed

11 : Infosys has completed the acquisition of London-based Brilliant Basics. Through this acquisition, Infosys further expands its worldwide connected network of Digital Studios that are focused on fulfilling the needs of global clients for end-to- end digital transformation solutions. Infosys had acquired the company in a cash deal worth GBP 7.5 mn, including earn-out & employee retention amounts

Freyr Energy ties up with Axis Bank

Solar energy services company Freyr Energy has tied up with Axis Bank to offer term loans for solar rooftop installations in Telangana and Andhra Pradesh. Axis Bank will offer term loans ranging from Rs. 5 lakh to Rs. 50 lakh for tenures up to five years. The loans will be given to MSMEs and self-employed individuals to install Freyr rooftop solar plants for industrial and commercial purposes.

Scheme for Compassionate Family Pension

Assam govt will launch a new Scheme called, Scheme for Compassionate Family Pension in lieu of Compassionate Appointment. The scheme will be applicable to those employees who died in harness on or after April 1, 2017. It will be applicable to all employees of the state govt, all others as eligible under Assam Services Rules, 1969 & All India Services officers borne on Assam cadre.

Government doubles child care allowance

Centre has doubled child care allowance for women employees with disabilities to Rs. 3000 per month. At present allowance of Rs. 1500 per month is given to differently abled female employees for taking care of their newborn child. The decision to hike the allowance is based on recommendations of 7th pay commission. The allowance shall be payable from the time of child’s birth till the child is 2 years old.

SBI cuts staff strength

SBI has reduced its staff headcount by 6,622 in 1st quarter of FY18 to 2.73 from 2.80 lakh due to retirements & voluntary retirement scheme. Bank plans to redeploy over 10,000 employees following merger of its associate banks & due to digitisation. A large part of job restructuring is taking place due to merger as bank juggles its branch network to avoid having several outlets on same street

Asbe appointed as the chief executive

National Payments Corporation of India has appointed Dilip Asbe, its chief operating officer, to act as its chief executive officer. This comes in wake of retirement of A. P. Hota, its founding managing director. Asbe joined NPCI as its first employee in 2010 as its CTO & was elevated to position of COO in 2013. Asbe is well known to be one of the driving forces behind UPI, BHIM, IMPS.

IDFC Bank partners with Zeta

IDFC Bank has partnered with Zeta to launch IDFC Bank Benefits – Payment solution for corporates that digitises employee spends & claims. IDFC Benefits Card & Zeta app will integrate full suite of allowances & reimbursements offered by an employer into 1 preloaded card. Employees can access Benefits Card via Zeta app which will enable them to track spends, limits & submit claims digitally.

Flipkart launches Budding Star Programme

Flipkart has launched Budding Star Programme to help employees achieve their dreams by providing financial assistance & paid leave. Employees who have completed 6 months will be eligible for this programme & can receive up to `3 lakh in assistance. Assistance will be provided to those wish to participate in any national or international competition pertaining to any field of interest.

FB leaves Alphabet and Microsoft behind

Facebook has leapfrogged Microsoft & Alphabet in securing maximum profit per employee in 2nd quarter of 2017 while Twitter suffered a hefty loss. Facebook which employed 20,658 persons in past quarter made roughly Rs. 1.2 cr per employee while Twitter lost nearly Rs. 22 lakhs per employee. Microsoft made Rs. 33 lakhs & Alphabet Rs. 29 lakhs per employee, 4 times less profit per employee than FB.

Govt ends 10-yr pact with GVK-EMRI

Department of Health & Family Welfare has terminated its 10-year contract with GVK-EMRI which provides emergency response service 108 Arogya Kavacha. Decision was taken citing certain shortcomings of GVK-EMRI group such as delay in roviding services, shortage in manpower & not addressing employees’ grievances. Govt had entered into an agreement with GVK-EMRI in 2008 which was to end in 2018

AI solution for visually impaired

Accenture has developed an artificial intelligence powered solution to help visually impaired people improve the way they experience the world & enhance their productivity in workplace. Known as Drishti, It is a part of Accenture’s focus on Tech4Good, which aims to apply technology to improve the way world lives. Accenture plans to introduce it to 100+ visually impaired employees in India.

‘Apni Gaddi Apni Rozgar’ scheme

Punjab govt has announced launch of ‘Apni Gaddi Apna Rozgar’ scheme by flagging off over 100 uberMOTO bikes. Under the scheme state govt will be providing commercial two wheelers & four wheelers to unemployed youth at subsidised rates. It will not only contribute towards improving last-mile connectivity but will also create thousands of economic opportunities for youth in the state.

Govt launches ‘SHe-box’ portal

Women and Child Development ministry has launched an online platform called “SHe-box” portal. It is an online platform to enable women employees of the central government to file complaints related to sexual harassment at the workplace. To begin with Central govt women employees can file complaints but it will be widened to include the private sector as well.

Karnataka Bank launches MLLS

Karnataka Bank, in association with PNB MetLife, has launched Met Loan and Life Suraksha (MLLS), a single premium plan covering the loan liability of a customer. Bank has also introduced KBL MLLS, an app for its employees to instantly calculate the insurance cover and premium based on loan liability of the borrowers. Karnataka Bank has been in a partnership with MetLife for last 15 years.

Google launches Hire

Google has officially released a new tool named ‘Hire’ to help small and medium sized businesses recruit talent. The service is built on G Suite and lets employers track candidates’ contact information, resume and allow business partners to share feedback within the candidate’s profile. Hire has been rolled out only for US-based business with less than 1,000 employees.

Hike for public sector employees

The Cabinet headed by PM Modi has approved implementation of the recommendations of the 3rd Pay Commission for central public sector enterprises’ employees. The Cabinet has cleared a 15% hike, lowest so far. The previous commission had given a 37.2% rise in 2007 and the first commission had given between 24% and 30% increase. Higher wages are effective from January 1, 2017.

First anniversary of failed coup

Turkey is holding a series of events to mark 1st anniversary of a failed coup in which at least 260 people died. An army faction tried to seize power last July but the attempt collapsed. About 100,000 govt employees were dismissed & 40,000 were arrested. President Erdogan lead a National Unity March across Bosphorus Bridge which has been renamed Martyrs Bridge to commemorate those who died.

TCS to close its Lucknow operations

Tata Consultancy Services has decided to close its operations in Lucknow after 33 years & shift to Noida. According to a report, lease of the building that houses TCS office is set to expire next year and company is reluctant to renew the contract. At least 2000 employees are likely to be affected. TCS has said it would ensure employees are accommodated in Noida or centres across India.

Arunachal Pradesh raises retirement age

Arunachal Pradesh government has decided to increase the retirement age of regular state government employees to 60 years with effect from January 1 2018. This has been done in order to do away with differential retirement age for regular employees serving under the same government. The state government has raised the retirement age from existing 58 to 60 years.

Travis Kalanick resigns as Uber CEO

Travis Kalanick, cofounder and CEO of Uber has stepped down as company’s top executive. He had taken a leave of absence amid a number of internal scandals that have plagued the company including complaints of sexual harassment and discrimination by employees. He faced strong opposition from shareholders, ultimately forcing him to step down. However he will stay on Uber’s board of directors.

Aadhaar must for bank accounts

17 : Govt has made Aadhaar card mandatory for opening bank accounts and conducting financial transactions of Rs 50,000 and above. Those with existing accounts will also have to submit their unique identification number by December end. For companies opening bank accounts, Aadhaar number of managers or employees holding an attorney to transact on the company’s behalf will have to be provided.

Kutwal wins gold medal

Shashikant Kutwal has won the gold Gold medal at the 17th World Individual Chess Championship for differently-abled held in Slovakia. He is a railway employee and has been representing Central Railway, Indian Railways and India at various chess competitions. In the World Championship, held by Physically Disabled Chess Association, Kutwal won gold medal after scoring 7.5 points from a possible 9.

TATA Projects to promote green cover

TATA Projects has launched Green Thumb, an initiative to enhance the green cover. Green Thumb 2017, is in continuation to TATA Projects’ previous year’s initiative wherein it aimed to get 10,000 people to click to plant a sapling on their behalf. At its headquarters in Hyderabad, TATA Projects distributed free saplings, while employees at over 100 sites planted saplings.

Deadline to probe corruption cases

Central govt has changed an over 50-year-old rule by setting a deadline of 6 months to complete probes in corruption cases involving government employees. The decision has been taken to speed up the investigation in such cases. DoPT has amended Central Civil Services (Classification, Control and Appeal) Rules and decided time-line for critical stages of investigation and enquiry proceedings.

Samsung cuts manpower for first time

For the first time in 7 years, headcount of Samsung Electronics came down in 2016 due to its restructuring in China. No. of employees fell to 308,745 in 2016 from 325,677 the previous year. Corporate restructuring in Samsung’s factories in China and other Asian countries led to overseas manpower cut. Ratio of female employees accounted for 44% last year, down 2% points from a year earlier.

1st IT workers union in Tamil Nadu

India’s first independent union for information technology employees is being setup in Tamil Nadu. The Forum for Information Technology Employees, which evolved from the campaign to protect Tamils in Sri Lanka, is in the process of getting itself registered formally as a union for technology employees in India. The Forum for Information Technology Employees has over 1,000 members.

Best Places to Work in India.

E-commerce giant Flipkart has topped LinkedIn’s list of the top companies to work in India second time in a row. Flipkart was followed by Amazon, KPMG India while Oracle was at the bottom of the list. The list of desirable employers is based on actions taken by over 500 million members including job applications, engagement, and employee retention.

Kochi Metro Appoints Transgenders

Kochi Metro will employ 23 members from the transgender community. This is the first time a government owned company has formally appointed members of the transgender community. These 23 workers will be a part of the 530 Kudumbasree workers to be employed at 11 stations. All of the workers have been appointed after written test and interview.

E-platform to report sexual harassment

In a move aimed at strengthening the framework against sexual harassment at workplace, the ministry of women and child development will launch an e-platform. It will be a reporting mechanism like the e-box for cases of sexual abuse of children. The Union government has a strength of 30.87 lakh employees. According to the census of 2011, women constitute 10.93% of the total force.

One IP- Two Dispensaries

“One IP- Two Dispensaries” scheme was launched by the govt on the occasion of International Labour Day. Under this scheme, ESIC has given an option to an Insured Person (IP) to choose two dispensaries, one for self and another for family through an employer. This will benefit all IPs, especially migrant workers who are working in other than home State.

Lavasa Committee submits report to FM

The ‘Committee on Allowance‘ headed by Finance Secretary Ashok Lavasa submitted its final report on ‘higher allowances’ and ‘minimum wages’ to Finance Minister Arun Jaitley. Around 43 lakh central government employees and 57 lakh pensioners are eagerly waiting for the Ashok Lavasa committee to submit its final report. The Ashok Lavasa Committee was formed in June 2016.

WB Govt brings Social Security Yojana

West Bengal Government has introduced the Social Security Yojana by converging five separate beneficiary schemes for workers in the unorganised sectors and for self-employed people. Around 5 crore people will benefit from the Yojana, with around 1 crore getting direct benefits. The State Government has started another scheme – State Nutrition Mission.

AUS abolishes visa programme for Indians

Australia has abolished a visa programme used by over 95,000 temporary foreign workers, majority of them Indians. The move is seen as a measure to tackle the growing unemployment in the country. The programme known as 457 visa allows business to employ foreign workers for a period up to four years in skilled jobs where there is a shortage of Australian workers.

Govt okays lowering of PF rate to 8.65%

The Finance Ministry has permitted the Labour Ministry to go ahead with 8.65 percent rate of interest on employees’ provident fund for 2016-17. The Finance Ministry in its communication to the Labour Ministry has, however, put a rider that the interest rate should not result in a deficit for the retirement fund. The Finance Ministry had last year also decided to lower the EPF interest rate.

New MD and CEO of Karnataka Bank

Mahabaleshwara Mavinakudige Subrahmanya is the new chief of Karnataka Bank Ltd. He succeeds Polali Jayarama Bhat. He took charge on April 15. Mahabaleshwara M S, has been ‘Karnataka Bank man’ for the last 32 years and has rich banking experience both at operational and administrative levels.

Cabinet approves listing of 11 CPSEs

The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi approved listing of 11 Central Public Sector Enterprises. The CCEA has also approved reservation of shares for the eligible employees of 11 CPSEs in accordance with the extant provisions of Sebi regulations. Listing of CPSEs will be through public offer of shares up to 25% of government’s shareholding.

Achim Steiner-new administrator of UNDP

UN chief Antonio Guterres has named Achim Steiner, as the new administrator of the UN Development Programme (UNDP). Headquartered in New York City, the UNDP seeks to reduce poverty, improve social development and encourage women’s empowerment. Steiner, who previously served at the UN Environment Programme and headed the UN office in Kenya, was selected to succeed Helen Clark.

H-1B visa cap reached for 2017-18

H-1B application for foreign IT professionals has reached the congressionally mandated 65,000 visa cap for the 2018 fiscal year. US Citizenship and Immigration Services has also received a sufficient number of H-1B petitions to meet the 20,000 visa US advanced degree exemption. H-1B visa programme allows companies in the US to employ foreign workers in occupations such as science and IT.

FMCG highest paying industry in India

Fast moving consumer goods (FMCG) companies are the most lucrative ones to work for in India, according to the findings of a survey by human resources consulting firm Randstand. With an average annual cost-to-company for talent across all levels and functions at ` 11.3 lakh, FMCG industry’s employees get the highest pay in India

Kharat is new Indian Bank chief

Kishor Kharat has assumed charge as the Managing Director and CEO of Indian Bank. Prior to this, he was MD and CEO of IDBI Bank. During the tenure, he also served as the Chairman of IDBI Capital Market Services, IDBI Asset Management and IDBI Trusteeship Services. Kharat was also on the Board of Directors of IDBI Federal Life Insurance as well as Exim Bank.

Rice scheme for tribal families

Nearly 70000 families of Jharkhand’s primitive tribal groups will get foodgrains at their doorsteps with the state government launching the “PTG Dakia Yojana”. Under the scheme, employees of Food and Civil Supplies Department would deliver a packet of 35 kg. The scheme was formally launched in Godda, Sahebganj and Palamu districts.

SBI to enter ‘Top 50 Global Banks’

Following the merger of 5 associate banks and Bharatiya Mahila Bank with State Bank of India, the latter will enter the league of ‘Top 50 Global Banks’ with a balance sheet size of ` 41 lakh cr. With the merger the bank now has 2.77 lakh employees, 50 crore customers, and more than 25,000 branches and 58,000 ATMs. Further, SBI’s market share will increase to nearly 22% from 17%.

ESIC launches mobile clinics

ESIC (Employees State Insurance Corporation) has launched mobile clinics in Andhra Pradesh and Telangana, becoming the first ones in the country to do so. Each clinic will have a vehicle with a doctor, pharmacist, attendant, driver and the necessary equipment and medicines. The vehicle will visit two locations in a day for three hours each and conduct basic investigations.

Employee’s Compensation (Amend.) Bill

The Amendment bill provides payment of compensation to employees and their dependants in the case of injury by industrial accidents, including occupational diseases. The Bill introduces a provision which requires an employer to inform the employee of his right to compensation under the Act. The Bill penalises an employer if he fails to inform his employee of his right to compensation.

MoU between Assam govt and SBI

A MoU was signed between Assam govt and SBI to provide Housing and Educational Loan at subsidised interest rates to the employees of the state govt. The Assam Govt will provide interest subsidy at the rate of 3.50% for housing loan and at suitable rate to make education loan at 4%. Accordingly, the state govt employees will get substantial benefit in terms of interest rates and reduced EMI.

“Kahin Bhi-Kabhi Bhi” medical services

Employees’ State Insurance Corporation (ESIC) has launched the “Kahin Bhi-Kabhi Bhi” medical services for ESIC beneficiaries of Delhi/Noida on a pilot basis in Nov, 2016. Under scheme Insured Persons and their families may seek primary medical care services. ESI Corporation intends to extend such medical services in other parts of the country depending on the outcome of above pilot project.

Low participation of women in urban area

India has said there is need to improve the significantly lower participation of women in the workforce in the country’s urban areas. It is estimated that nearly 120 million Indian women, 80%of the total female workers, are employed in the rural sector. This is around 30% of the total number of workers in rural areas.

Hazira to go cashless

Essar’s Nand Niketan at Hazira has become India’s 1st private sector township to go cashless, using the mobile wallet for performing digital transactions. Hazira is a town and a transshipment port in the Surat district in the Gujarat. Till now around 8,000 prepaid cards have been issued in the Nand Niketan township to the employees, merchants and shop owners operating within its precincts.

2% hike in Dearness Allowance

The Union Cabinet, chaired by PM Modi, approved a 2% hike in Dearness Allowance for govt employees and pensioners from Jan1, 2017. The approval was for the release of an additional installment of Dearness Allowance (DA) to Cent Govt employees and Dearness Relief (DR) to pensioners with effect from Jan1, 2017. This will benefit about 48.85 lakh Cent Govt employees and 55.51 lakh pensioners.

Soft compulsion pension plans

The govt is considering the proposal to include some sectors of the economy into “soft compulsion” pension schemes to widen the social security net in India. Under the soft auto enrollment, employees of an organisation are automatically included into pension schemes unless they opt out of it. PFRDA suggested best time for it because India economy is doing well and the inflation too has low.

Pension funds to invest 50% in equities

PFRDA wants government to more than treble investment levels in equity markets by government subscribers under the National Pension System up to 50% from 15% now. The regulator has sent a proposal to government seeking to allow government subscribers (state and Central government employees) invest up to 50% in equities under the NPS.

SBI launches ‘Work from home’ for staff

SBI has launched a new facility to enable its employees to work from home. The board of the bank has recently approved the ‘Work from Home’ policy to enable its employees to work while at home using mobile devices to address any urgent requirement they may have, that prevents their travelling to work.