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2020 OTS SCHEME
Overtime, gratuity, leave rules, 50% wage rule and salary components decoded in new Labour CodesNew Labour Law Salary Structure: Effective November 21, 2025, redefine "wages," impacting overtime, gratuity, and retirement benefits. The ...- Defaulting borrower cannot claim OTS benefit without fulfilling bank's conditions: SCThe Supreme Court ruled that defaulting borrowers cannot claim OTS benefits without meeting all bank conditions, including upfront payments...
- Dhanlaxmi Bank independent director Sridhar Kalyanasundaram's resignation raises concerns over lender’s functioningIn his resignation letter, Kalyanasundaram cited alleged factionalism by board members, unethical business conduct and irregularities by ma...
- Builders in Noida, Gr Noida seek one-time settlement scheme for land dues, fearing bankruptcyLast month, the Supreme Court recalled its order of June 10, 2020, which had capped the rate of interest at 8 per cent on the dues for land...
- Supreme Court order could delay registry of 150,000 homes in Noida and Greater Noida, says industry body"After studying the SC order, and the authorities’ response, the developers felt that the 15-23 percent compound interest would raise the f...
- Stocks in the news: Reliance, NPTC, Vedanta, Nestle and auto stocksThe retail brand licensing arm of Reliance Industries, Reliance Brands, will acquire a 40 per cent stake in Italy-based Plastic Legno's toy...
- Yogi Adityanath calls for 'comprehensive reform' as Akhilesh Yadav slams power crisisWhile the CM also called for a one-time settlement (OTS) scheme to be brought in to encourage people to clear their pending dues, Yadav ask...
- Punjab cabinet approves one-time settlement scheme for tradersVarious trade associations had urged the state government to introduce a one-time scheme (OTS) for the clearance and settlement of outstand...
- Bank of Maharashtra expects only Rs 1,000-1,500 crore loan book to be restructuredThe lender had earlier estimated around Rs 3,000-4,000 crore from its moratorium book to come under one-time restructuring. However, over a...
- Making efforts to cut bad loans to come out of PCA framework: Indian Overseas BankThe Chennai-based lender had returned to black, registering a net profit of Rs 144 crore in the January-March quarter of the fiscal ended M...
- CIA comes together over the 'Distressed Assets Funds-Subordinate Debt for MSMEs.'This is the credit guarantee scheme for sub-ordinate debts, providing relief to 2 lakh MSMEs. According to the Government, this Scheme will...
- Small, medium enterprises should act prudently, avoid over-leveraging: SBI chiefSBI chief Rajnish Kumar was speaking on the topic 'Rescuing the MSME sector post-COVID'.
- Banking sector eyes better days on reforms, bad loan resolutionThe government unveiled measures over the past few months aimed at improving liquidity in the system.
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