A Guide to Understanding Employees’ Provident Funds in India
Introduction Employees’ Provident Fund is a statutory benefit extended to employees employed in India. The laws relating to Employees’ Provident funds within India are governed...
Tag : employees
GOI Approved Unified Pension Scheme for Central Government Employees
On August 24, 2024, the Cabinet gave the green light to introduce the Unified Pension Scheme (UPS), a reform intended to benefit around 23 lakh...
The Ultimate Guide to Understanding CTC in Salary: Full Form Calculation, Inclusions, Real-life Example, and More
Introduction And Meaning Of CTC Cost to Company” (CTC) incorporates the employee’s salary package. CTC includes all components, such as basic pay reimbursements, various allowances...
Understanding Gratuity: Eligibility Rules and Minimum Years Required for Gratuity Law
What is Gratuity? The rules of Gratuity payment are governed by the Payment of Gratuity Act 1972 in India. Gratuity is an amount paid by...
Ninjacart Announces ESOP Buyback Worth Rs 100 Crores
Ninjacart has announced that it has executed an employee stock ownership plan (ESOP) buyback worth Rs 100 Crores for its employees. Both current and former...
CRED Offers ESOP Buyback of Rs 100 Crore
CRED declared that its cumulative Employee Stock Option Programme (ESOP) buyback would be worth Rs 100 crore. This comes after the firm introduced CRED’s Accelerated...
Facebook Made Remote Work Permanent
Facebook on Wednesday said it would give employees the option of remote work for the long term. They even offered to help employees in moving...
Tata Chemicals Falls 8% After Dull Numbers in Q4
Shares of Tata Chemicals Ltd plunged as much as 8 per cent. The Tata group firm posted dismal earnings for the quarter ended on March 31,...
Zomato Lays off Over 600 Employees, Upto 50% Pay Cut for Rest
Food delivery major Zomato has announced to reduce 13 per cent of its workforce amid coronavirus lockdown. The company also proposed a temporary reduction in...
Oyo Announces 25% Pay Cut, Furloughs India Staff
On Wednesday Oyo (Oralvel Stay Pvt.Ltd) has announced cuts salary and furloughed some of its staff in India, to save cash after its revenues plunged...