Profit down 78% as flight crisis, labour codes take their toll| Business News

IndiGo, India’s biggest airline operated by Interglobe Aviation Ltd, has reported reported a 78% decline in net profit, on account of a flights crisis that virtually grounded one of the fastest growing aviation markets in the world. Signage at the headquarters of InterGlobe Aviation Ltd.’s IndiGo in Gurugram, Haryana. (Bloomberg) IndiGo Q3 Results (Consolidated, YoY) […]

India’s new labour codes may decrease your take-home salary, but raise benefits| Business News

India’s new labour codes—which restructures 29 existing labour laws into four labour codes—has wide-ranging ramifications of what you earn today and save for the future. The most significant component impacting employees’ salaries is the Code on Wages, 2019, which introduces a uniform and expanded definition of “wages”. (AI Image) The four new labour codes are: […]

Explained — The wage and bonus rules under India’s new labour codes| Business News

India’s new labour codes, consolidating 29 complex central laws into four streamlined codes, represent a landmark reform in labour laws that govern the largest working population in the world. India’s new labour codes aim to modernise the legal framework, extend social security to a wider workforce, and ensure universal wage protection. (AI Image) These codes […]

What Swiggy, Zomato and their ilk must do under India labour codes| Business News

The government has formally implemented India’s four new Labour Codes, replacing 29 fragmented labour laws, in what is seen as a pivotal moment for gig workers in the world’s fourth largest economy. India’s new labour codes ensure that the likes of Swiggy and Zomato can no longer view their delivery partners (gig workers) as independent […]