Dollar rises ahead of May US jobs report

Last Updated: Friday, June 5, 2015, 10:45

"There`s no doubt that the US economy and the labor market is improving, but the dollar is also overbought so even if it pushes higher on the back of a strong jobs number, it could be hit by profit-taking next week" ahead of a Federal Reserve policy decision on June 17, Lien said.

India needs umbrella for social security schemes: Official

Last Updated: Wednesday, June 3, 2015, 15:42

India needs to have an umbrella for social security schemes to check duplication of benefits for some beneficiaries while a section of people is left out of it, an official in the central labour and employment ministry said.

Rs 27,000 cr lying unclaimed in EPF: Labour Minister

Last Updated: Saturday, May 30, 2015, 21:49

An amount of Rs 27,000 crore is lying as unclaimed in the Employee Provident Fund, Union minister of state for Labour, Bandaru Dattatreya said here on Saturday.

Wait continues for 'acchhe din' in job market

Last Updated: Sunday, May 24, 2015, 13:30

The employment scenario is likely to see an upward swing in the coming quarters, driven by rising demand in the domestic market.

US inflation steadies in April

Last Updated: Friday, May 22, 2015, 18:54

The Fed`s preferred inflation measure, the personal consumption expenditures price index, rose 0.3 percent in March year-over-year, while the core PCE price index was up a modest 1.3 percent.

Unions question TDS on PF withdrawals, want order on hold

Last Updated: Friday, May 22, 2015, 17:23

Opposing the government's decision to deduct tax at source on pre-mature PF withdrawals, trade unions on Friday said they will ask the Labour Ministry to put the EPFO order in this regard on hold.

Fed still seen in lift-off mode as Yellen takes centre stage

Last Updated: Friday, May 22, 2015, 09:11

The US Federal Reserve is likely to stick with plans to raise interest rates later this year, with progress towards its employment and inflation goals helping allay concerns over the economy`s recent weakness, current and former Fed officials say.

PF contribution likely to be on 'Contributory Wages'

Last Updated: Wednesday, May 20, 2015, 23:20

In a breather to employers, the Labour Ministry has proposed that contribution by companies towards their workers' EPF schemes would be a portion of "Contributory Wages" which will not include house rent and travel allowances.

Centre to seek report on tea workers' condition: Nirmala

Last Updated: Sunday, May 17, 2015, 16:37

The government has no plans to take over the closed mills, Sitharaman said such a step would not solve the problems.

EPFO to invest 5% of its corpus in equity market

Last Updated: Friday, May 15, 2015, 23:29

The Labour Ministry has allowed investing a part of retirement fund body EPFO's incremental corpus in equity market in the form of exchange-traded funds, Central Provident Fund Commissioner K K Jalan said on Friday.

Labour Ministry to push reforms in Monsoon session

Last Updated: Sunday, May 10, 2015, 11:28

The government's key labour reforms bills on industrial relations, wages code, small factories and EPF are likely to be introduced in the next monsoon session of Parliament, sources said.

Greece defies euro zone on pension, labour reform

Last Updated: Thursday, May 7, 2015, 18:25

Greece defied its international creditors on Thursday by sticking to "red lines" on pension and labour market reforms and urging lenders to give ground, dimming prospects of progress next week towards securing desperately needed financial aid.