Supreme Court upholds notification amending employees pension scheme as ‘legal and valid’

Supreme Court upholds notification amending employees pension scheme as ‘legal and valid’

The dispute primarily concerned the controversial amendments made to paragraph 11 of the Employees Pension Scheme (EPS) of 1995. The dispute primarily concerned the controversial amendments made to paragraph 11 of the Employees Pension Scheme (EPS) of 1995. The Supreme Court on Friday, November 4, 2022, upheld the Employees’ Pension (Amendment) Scheme, 2014 as “legal … Read more

Why cashless OPD is the best way to reduce out-of-pocket expenses for employees – ET HealthWorld

Why cashless OPD is the best way to reduce out-of-pocket expenses for employees – ET HealthWorld

By Varun GeraAre you aware that 60 to 80 per cent of Indians’ healthcare spending is towards pharmaceutical bills, medicines, and regular healthcare, not towards hospitalisation Consider how many times you or your family members get hospitalised in a year. Most years go without any hospitalisation for an average Indian. On the contrary, an average … Read more

Amazon to Pay for Employees’ Abortion Travel, Other Treatments

Amazon to Pay for Employees’ Abortion Travel, Other Treatments

May 3, 2022 — Amazon has become the latest big U.S. company to announce it will reimburse employees and their dependents forced to travel for non-life threatening medical treatments, including abortion, Reuters reported. Amazon benefit will pay up to $4,000 if a procedure is not available within 100 miles of an employee’s residence and virtual … Read more

Amazon to Pay for Employees’ Abortion Travel, Other Treatments

Amazon to Pay for Employees’ Abortion Travel, Other Treatments

May 3, 2022 — Amazon has become the latest big U.S. company to announce it will reimburse employees and their dependents forced to travel for non-life threatening medical treatments, including abortion, Reuters reported. Amazon benefit will pay up to $4,000 if a procedure is not available within 100 miles of an employee’s residence and virtual … Read more

Splitting of provident fund accounts may be delayed

Splitting of provident fund accounts may be delayed

The Employees’ Provident Fund Organisation (EPFO) hasn’t yet been able to split subscriber accounts into two for members who contributed more than ₹2.5 lakh last fiscal, which may create tax complications and filing issues, experts said. The EPFO is likely to split accounts only at the time of crediting the interest for FY22, which generally … Read more

59% of employees in India report feeling stressed in everyday life, a higher level than global average: Survey

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Globally, 33% of employees viewed Covid-19 as a mostly or entirely negative impact, while the figure was 28% for the Asia region As the pandemic continues to unfold, three in five employees in India (59%) reported feeling extremely, highly, or somewhat stressed on a daily basis, a higher level than both the global and Asia … Read more

Sebi issues showcause notices to top NSE staff

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Mumbai: The Securities and Exchange Board of India (Sebi) has sent showcause notices to top employees of the National Stock Exchange (NSE) in connection with the glitch that halted trading on February 24, said people with direct knowledge of the matter. This is the first time the capital market regulator has held exchange employees personally … Read more

Biden Weighs Vaccine Mandate for Federal Employees

By Ernie Mundell and Robin FosterHealthDay Reporters WEDNESDAY, July 28, 2021 (HealthDay News) — President Joe Biden is considering a mandate that would require all civilian federal employees to get a COVID-19 vaccine or submit to regular testing, masking and travel restrictions. White House officials said Tuesday they would reveal more about the … Read more

Wider vaccination to help heal consumer sentiment: Business leaders

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Executives said they have had to be restrained in the deployment of employees — already reduced because of the pandemic — keeping in mind their safety. Synopsis Immediate, large-scale inoculations and reducing fatalities are key to restoring consumer confidence. Top corporates said the inability to deploy employees where needed on ground for the implementation of … Read more

EPFO settles 56.79 lakh COVID-19 advance claims, releases over Rs 14,000 cr till December

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Retirement fund body EPFO has settled 56.79 lakh COVID-19 non-refundable advance claims, and has disbursed Rs 14,310 crore till December 31, 2020, reflecting the adverse impact of the pandemic on the formal sector workforce. When the coronavirus-induced lockdown was imposed in March, the central government had allowed over 6 crore subscribers of the Employees‘ Provident … Read more