Corporate Updates 17 April 2014

Labour Laws: 

In the case Kakali Ghosh Versus Chief Secretary, Andaman & Nicobar Administration And Ors. (Supreme Court), Civil Appeal No. 4506 Of 2014, Date- 15.04.2014, the Hon’ble Supreme Court has held that the woman government employee’s having minor children below 18 years can avail Child Care Leave (CCL) for maximum period of 730 days at a stretch i.e. during the entire service period for taking care of upto two children. The care of children is not for rearing the smaller child but also to look after any of their needs like examination, sickness etc. As per Sub Rules (3) and (4) of Rule 43-C of the Central Civil Services (Leave) Rules, 1972 it is clear that CCL even beyond 730 days can also be granted by combining other leave if due with CCL to any women employee.

RBI: 

RBI amends FDI norms for Pharmaceuticals and empowers Government to specify terms and to incorporate appropriate conditions for FDI in brownfield cases, at the time of granting approvals and ‘Non-compete’ clause would not be allowed except in special circumstances with the approval of the Foreign Investment Promotion Board. FDI in Greenfield will be 100% Automatic and in Brownfield with 100% Government approval. To view and download the notification, please Click Here.

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