MINISTRY OF LABOUR AND EMPLOYMENT
Ministry of Labour & Employment has issued the Contract Labour (Regulation and Abolition) Central Amendment Rules, 2017 which shall come into force on the date of their publication in the Official Gazette. In the Contract Labour (Regulation and Abolition) Central Rules, 1971, Rule 69 has been amended to insert payment of wages through current coin or currency notes or by cheque or by crediting the wages in the bank account of the workman. Further, the appropriate Government may, by notification in the Official Gazette, specify the establishment or class of establishments, the employer of which shall pay to every workman employed in such establishment or class of establishments, the wages only by cheque or by crediting the wages in his bank account.
RBI
RBI has notified that all branches of Bharatiya Mahila Bank Limited will function as branches of State Bank of India from April 1, 2017. Customers, including depositors of Bharatiya Mahila Bank Limited will be treated as customers of State Bank of India with effect from April 1, 2017. The Government of India has issued the Acquisition of Bharatiya Mahila Bank Limited Order 2017. The Order dated March 20, 2017 issued by the Government of India was published in the Gazette of India sanctioning the acquisition of Bharatiya Mahila Bank Limited by State Bank of India in terms of sub section (2) of Section 35 of the State Bank of India Act, 1955.
News from NIRC of ICSI
NIRC of ICSI will be organising an One Day Seminar on the theme – Issue of Securities – Various Modes of Funding on Saturday, the 25th March, 2017 from 10.00 AM onwards at Hotel Holiday Inn, 13-A, District Centre, Mayur Vihar, Delhi. Fee : Rs 1,750/-; Free for Corporate Members; PCH – 4.
Speak Your Mind