Around the Globe

Around the Globe

Bill to raise maternity leave to 26 weeks passed

Women working in the organised sector will now be entitled to paid maternity leave of 26 weeks, up from 12 weeks, as Parliament on Thursday passed a bill in this regard that will benefit about 1.8 million women.
The new law will apply to all establishments employing 10 or more people and the entitlement will be for only up to first two children. For third child, the entitlement will be for only 12 weeks.

Secure internet for women

We celebrated the International Women’s Day but forgot about Gulmeher Kaur. Nevertheless, the issues she raised were important but more important was why she preferred to withdraw herself from public sphere. It was because of the violence that was unleashed against her on cyber media. Violence against women is one of the most pervasive abuses of human rights and one of the greatest threats to lasting peace and development of a society. Such forms of violence are naked manifestations of gender inequality and systemic gender-based discrimination which is taken for granted.

Trai moots PDOs, aggregators for low-cost public wi-fi service

Telecom regulator Trai today recommended lowering of import duty on wi-fi equipment and mooted the concept of 'public data offices' and 'aggregators' for providing public wi-fi services at cheaper rates.

"A new framework should be put in place for setting up of public data offices (PDOs). Under this framework, PDOs in agreement with public data office aggregators (PDOAs) should be allowed to provide public wi-fi services," Trai said.

Google acquires Kaggle in boost to data play

Technology giant Google has announced the acquisition of Kaggle, a start-up that hosts a number of data scientists, for an undisclosed amount at the Cloud Next 2017 conference.

"Kaggle is going to maintain independent brand for a while... What Kaggle has contributed to the community is democratisation of data, developer community... Partnership with Kaggle is going to be very positive for us," said Chief Scientist Google Cloud (artificial intelligence and machine learning) Fei Fei Li here.

PMGKY: I-T asks blackmoney holders to make honest declarations

The I-T department today nudged blackmoney holders to make "honest" disclosures under the tax amnesty scheme -- PMGKY -- warning that non-declaration could attract 77.25 per cent tax and penalty along with prosecution.

In advertisements in leading dailies, the department said "like fingerprints, your blackmoney will lead us to you".

"Non-declaration of such undisclosed income will be liable to tax, surcharge and cess at 77.25 per cent, along with penalty, prosecution and enforcement actions," the department warned.

Sensex extends losses ahead of exit polls; down 87 pts

The Sensex shed about 87 points while the NSE Nifty cracked below the 8,900-mark in early trade today on sustained selling in oil and gas, power, healthcare and PSU counters ahead of exit poll results.

The 30-share Sensex barometer, which had lost 146.25 points in the previous two sessions, fell by another 86.92 points or 0.30 per cent to 28,815.02.

The broader Nifty too declined by 24.80 points or 0.27 per cent to 8,899.50.

China shuts Hershey-Lotte plant in spat with S Korea

Lotte Shanghai Foods, a joint venture between Hershey and Lotte Group, has been ordered by Chinese authorities to stop production, escalating China’s economic retaliation for the deployment of a US missile defence system in South Korea.
The suspension order, confirmed by Lotte, marks the first time that a US company has also been pulled into the fray of a simmering political dispute between China and South Korea. The factory suspension is the latest move by China against South Korean companies.

GPF withdrawal rules relaxed; 15-day limit for getting money

In good news for about 50 lakh central government employees, the norms for withdrawal of general provident fund (GPF) have been relaxed which will enable them to receive payments within 15 days.
Employees can also withdraw the fund for select purposes after completing 10 years of service, as against 15 years of service earlier.
The GPF can be taken for education — including primary, secondary and higher education, covering all streams and institutions. Earlier, a subscriber could withdraw GPF for beyond the high school stage.

RBI asked to spell out stand on Tata-Docomo

The Delhi High Court on Wed-nesday asked RBI whether its permission was required if there is no other objection to the enforcement of the $1.17 billion arbitral award in favour of Japanese telecom major NTT Docomo in its case with Tata Sons.
"Is RBI's special permission required for paying damages for failing to fulfil contractual obligations? Say yes or no. If yes, then quote the circular, regulation or rule under which permission is required. If not, then say no," Justice S Muralidhar said and added, "make your stand clear".