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Parliament clears Workmen Compensation Bill
The Parliament has passed the Workmen’s Compensation (Amendment) Bill, 2009, that aims to enhance the compensation package for employees, with its approval by the Rajya Sabha. Under the amended provisions, employees, whether contract or casual, and their dependents would get relief in case of accidents causing either death or disablement during the course of their employment.
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Expats can take home their entire salary now
Expats, who are working in India, will now be able to take home 100% of their salary following a change in rules to this effect by the RBI. This would benefit sectors such as aviation, telecom, infrastructure that employs a large number of expats, making it easier for them to attract foreign talent where needed.
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Total disability’ if worker cannot carry out his job – Supreme Court judgment
Under the Workmen’s Compensation Act, if an employee is permanently disabled due to an injury at workplace, it would be called ‘total disability’ and the insurance company should compensate according to that criterion.
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Consumer courts cannot entertain phone bill disputes
The Supreme Court has held that consumer courts cannot entertain disputes relating to non-payment of telephone bill under the Consumer Protection (CP) Act.
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Real Time Gross Settlement System (RTGS)
Real Time Gross Settlement System (RTGS) is a fund transfer mechanism where transfer of money takes place from one bank to another on a ‘real time’ and on ‘gross’ basis.
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Proposed GST System in India
As part of the ongoing tax reforms, India is gearing up to introduce an integrated Goods & Service Tax system (GST) which is likely to happen in the next fiscal i.e. 10-11. Lex Valorem team sincerely thanks Mr. S. M. Kulkarni, a renowned indirect tax expert and Convener of the Finance & Taxation Panel, CII (Western Region) for sharing his thoughts on this most happening topic.
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Music & Management
Management can be learnt at B-schools, on cricket and football pitches, golf courses, wedding preparations and well through music concerts too !
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Writing Workshop for Professionals
One of our business associates ‘Write-Concepts’ is conducting a One-Day Workshop on improving professional writing skills covering project reports, emails and presentations
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Hello All,We are back again with the 2nd issue of our Newsletter. This issue offers a fair balance of news updates and articles of topical interest, keeping in mind the diverse range of readers that the Newsletter is aimed at.