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MECHANICAL ASSESSMENT OF COMPENSATION
That sinking feeling: Rupee@100 is a mental fear, not macro nightmareThe rupee is under strong pressure due to rising global crude oil prices driven by Middle East tensions, briefly hitting an all-time low of...- Parking space dispute: What national building code says & what you can doHomeowners facing inadequate parking spaces from builders have recourse beyond RERA, which doesn't mandate specific parking dimensions. Whi...
- AI can't steal your job! A China twist can avert AI jobs apocalypseA Hangzhou court has set a precedent, ruling that companies cannot use AI automation as a blanket justification for firing workers. The dec...
- Brazil regulator approves deeper probe into Google's news content useCADE's members backed a proposal from its interim chief Diogo Thomson de Andrade to return the case to its general superintendence for for...
- Employee fined Rs 10 lakh over lack of ESOP disclosure in ITR; here's why ITAT Chennai cancelled itAn Indian employee faced a Rs 10 lakh penalty for not disclosing foreign ESOPs in his Income Tax Return. The Income Tax Appellate Tribunal,...
- Compensation for cyber fraud: RBI’s new initiative works for many customers but know when it doesn’t work for othersDigital transactions are rising in India. This has led to an increase in digital frauds. The RBI is proposing compensation for customers lo...
- Motown unclear what route cess will take past GST 2.0Indian automakers and retailers may face losses on over 600,000 unsold vehicles. This is due to unclear GST compensation cess rules. The in...
- Annual toll pass on NHs could could dent toll revenue by up to 8%, says rating agenciesWhile CareEdge Ratings estimate 7-8% impact in toll revenue for the sample project length of 5000 km, Crisil Ratings pegs the loss at 4-8%,...
- Compensation for land acquisition must be guided by equality, equity, justice: SCThe Supreme Court has ruled that land acquisition compensation should be fair and equitable, not mechanically assessed. The court emphasize...
- Error in assessment of income tax identifiedThe Comptroller and Auditor General (CAG) uncovered widespread errors in income tax assessments, potentially costing the government ₹5,728....
- Opposition-ruled states demand extension of GST compensation regime beyond June 2022The Centre has estimated the shortfall in GST compensation payable to states in the current fiscal year at Rs 2.59 lakh crore, of which abo...
- Assam chief minister Himanta Biswa Sarma takes stock of state's flood preparednessHe directed that works of projects going beyond two financial years must be foreclosed and the contracts should be terminated of those cont...
- RBI proposes variable pay for top officials of private, foreign banksAs per the extant guidelines, the variable pay is capped at 70 per cent of fixed pay but did not include ESOPs.
- RBI suggests major changes to top bank executives' pay structureBanks are required to put in place appropriate modalities to incorporate malus/ clawback mechanism in respect of variable pay.
- Budget unveils tax incentive for building Andhra capitalA new clause (37A) in section 10 of the Andhra Pradesh Capital Region Act will be inserted to ensure capital gains arising from transfer of...
- More funds likely for rural banks to bail out farmers hit by untimely rains: NabardRural banks and cooperatives may get additional liquidity line to restructure farm sector loans in states badly hit by untimely rains.
- New land bill: A threat to growth prospects of the statesThe Parliament has passed the Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill.
- Assam could not meet the demand of jobs under MGNREGS: CAGCAG report for the year 2012 reports that employment could be provided to only 3.54 lakh workers against the demand of 88.15 lakhs in Assam.
- We count on MAT to take care of goodiesThere is an attempt to give concessions to the common taxpayer, says CBDT chief.
- CAG calls for variable pay for PSU bankersThe Comptroller and Auditor General (CAG) has called for the introduction of variable pay schemes linked to business performance for banker...
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