Economy: Inflation, IIP Figures and More!!!

Inflation
Inflation continued to rise as per the latest data released for the previous month. The rise is attributed to spike in core inflation. Last week, RBI hiked the repo rate for the first time in 4 years to 6.25%. Monetary Policy Committee (MPC) seems to be justified in raising the repo rates to keep the inflation in check, as the inflationary pressure is expected to continue in the coming months. MPC has maintained the policy stance as “neutral”, implying it…

Long Term Capital Gain (LTCG)

Long Term Capital Gain
Gains arising out of transfer of capital assets are considered as Capital Gains. Any Profit or Gain made on transfer of capital assets is liable to tax under the head “Capital Gains” of the Income Tax Act. “Sale Consideration” is an important component for determination of the Tax Liability under Capital Gain. Capital Gain Tax is not levied when there is a transfer of property, due to inheritance. Although, Capital Gain Tax is levied on the Gain made by the…

The Payment of Wages Act

Payment of Wages Act
Payment of Wages Act was introduced in 1936 with the objective of protecting the interest of the Individuals employed in Establishments and Factories. The Payment of Wages Act is aimed at ensuring that the Employees receive the due payments on time at regular intervals without any unauthorized deductions. The Act is examined from time to time and amended in view of changes in the economic scenario to protect the interest of the employees/wage earners. Thereby, it ensures that the salary/wage…

The Contract Labour (Regulation and Abolition) Act, 1970

Contract Labour Act
The Contract Labour (Regulation and Abolition) Act, 1970 aims at regulating employment of contract employees hired by the employers and extending certain benefits to such employees as prescribed under the Labour Laws. The Contract Labour Act attempts to provide basic cover to the employees and ensure they do enjoy certain rights which are at par with the benefits extended to directly employed individuals. Respective Government is empowered to prohibit deployment of Contract Labour in any process and in any establishment,…

Small Savings Scheme Comparison: KVP, NSC, PPF, SSY, SCSS, Tax Saver FD

KVP, NSC, PPF, SSY, SCSS and Tax Saver FD
Investment in Small Savings Scheme yields guaranteed returns. Individuals invest in small savings schemes not only for guaranteed returns but also with the objective of saving tax. The interest is declared on quarterly basis on Small Savings Schemes. The Public Provident Fund (PPF), National Savings Scheme (NSC), Kisan Vikas Patra (KVP), Sukanya Samriddhi Yojana (SSY) and Senior Citizen Savings Scheme (SCSS) are some of the popular small savings schemes. In this post, comparison between KVP, NSC, PPF, SSY, SCSS and…

Best Stock Trading Apps and Platforms in India

Stock Trading Apps and Platforms in India
Technology has come a long way in the last decade or so to impact our daily lives in every which way possible. Technological upheaval has impacted the business and the economy in a big way. Take for example the Financial Services industry, the technology has completely changed the way business runs. A new term has emerged in the world of finance, “FinTech”, implying Technology aided Financial Services. End Consumers are the ones to benefit the most from such disruptive technological…

Strategic Human Resource Management (HRM): Role and Impact On Performance Management

Strategic Human Resource Management (HRM)
Organizations for long have tried to explore ways to develop an effective Performance Management System (PMS) which would be able to focus on bringing out the best in the Employees, allowing organizations to achieve its objectives as per the vision set for the same. Performance Management is most talked about aspect in Human Resource Planning and Management as it is seen as primary driver to attract and retain talent. However, in the modern scenario with organization adopting extensive technology driven…

Payment of Gratuity (Amendment) Act, 2018

Payment of Gratuity (Amendment) Act, 2018
The provisions under the Payment of Gratuity Act had already been discussed previously along with the details pertaining to the benefits and calculation of Gratuity under the Act. The links to the post is provided below. In this post, I will briefly discuss about the amendments made to the Act recently. Payment of Gratuity (Amendment) Act, 2018 came into force on 29th March, 2018. The amendment is a welcome move for the individuals as it enhances the maximum benefit under…

Public Provident Fund (PPF): Should You Invest?

Public Provident Fund (PPF) Investment
Public Provident Fund (PPF) is a small savings investment scheme for the Individuals. PPF yields guaranteed returns on the investment. However, the return is not as attractive as observed in the Equity Mutual Funds or other Securities linked investment plans. But with Long Term Capital Gains Tax (LTCG) being re-introduced on Equity Oriented Funds, it is time to revisit the investment schemes in the current Financial Year 2018-19. Interest Rates on Small Savings Schemes The LTCG tax does bring down…

Employee Life Cycle Management Modern Perspective

Employee Life Cycle Management
Human Resource Management (HRM) encompasses the Employee Life Cycle Management in an organization. Human Resource Personnel play a major role in facilitating the Employee Life Cycle process. Employee Life Cycle Management is the identification of stages an Individual goes through during his/her tenure in any organization. Human Resource Department has the role of enabling the entire process and ensuring that the transition into each stage is well defined and structured. However, in the changing Business Scenario and Economy, each stage…