RENDITION

The Union Cabinet, led by Prime Minister Shri Narendra Modi, has approved the Employment Linked Incentive (ELI) Scheme with a budget of ₹99,446 crore. The goal is to promote large-scale formal employment in various sectors, especially manufacturing. This initiative aims to create more than 3.5 crore formal jobs over two years, focusing on youth and first-time employees. The scheme covers jobs created between August 1, 2025, and July 31, 2027. It is part of the…

The Supreme Court recently dealt with two cases where former employees of HDFC Bank challenged their terminations in courts located in places where they were working – Patna and Delhi. Both had been terminated for alleged misconduct. They filed suits to get their termination declared illegal and to be reinstated with full benefits. HDFC Bank objected, saying the appointment letters had a clause that any legal dispute would only be handled by courts in Mumbai….

The note is made in the context of the Maharashtra Legislative Assembly Elections, 2019 which is to be held on 21/10/2019. The note is to clarify whether there is an obligation on employers to declare a holiday in there establishments on the day of elections i.e. 21/10/2019. The note has been prepared for the limited purpose of answering the General Queries with respect to declaration of Holiday on Election Day. The Circular issued by the…

ABSTRACT On 24th September, 2019, the Reserve Bank of India imposed strict restrictions on PMC1 after finding certain irregularities in the bank. These irregularities went unnoticed in the inspections conducted by RBI, the Apex bank vested with powers for monitoring the banking system of the country. This raises a subsequent question regarding the responsibility of RBI in such scenarios. The PMC Bank debacle is the latest and yet another proof that the Reserve Bank of…