Budget carrier SpiceJet plans to lay off 1400 employees as part of manpower rationalisation and save about Rs 100 crore annually. The move, aimed at streamlining operations and slashing costs, comes amid ongoing legal battles and delays in fundraising, raising concerns about the airline’s future...
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Ayub Ali has been appointed as Corporate HR – Head of Ramee Group of Hotels. Before this appointment, Ayub was associated with Aaverina Hospitality as Group HR and Training Head. On this development, Ali said, “I am convinced that nothing we do is more important than hiring the right...
The Employees’ State Insurance Corporation (ESIC) on Saturday decided to extend medical benefits to superannuated insured persons with relaxed norms. The decision was taken at the 193rd meeting of ESIC under the chairmanship of Union Minister Bhupender Yadav, a labour ministry statement said. The...
The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) has fixed an interest rate of 8.25% for Employees’ Provident Fund (EPF) accounts for 2023-24, news agency PTI reported on Saturday. Last year on March 28, the EPFO declared an interest rate of 8.15 per...
New Delhi: Retirement fund body EPFO has hiked the interest rate on employees’ provident fund (EPF) deposits for 2023-24 to 8.25%, a three-year-high. The decision was made during a meeting of the EPFO’s apex decision-making body, the Central Board of Trustees (CBT), on Saturday. Also...
