Since the imposition of nationwide lockdown by the Indian government, layoffs and furloughs have become a piece of common news. In an attempt to tide over the crisis erupted due to the coronavirus pandemic and subsequent lockdown, businesses have been resorting to tough measures to prevent cash burn. The Government of India had imposed a…
Days after the Central government announced its decision to freeze the implementation of revised rates of Dearness Allowance (DA) of central government employees and Dearness Relief (DR) to pensioners for the installments due between 1st Jan 2020 and 1st July 2021, state governments have also started to follow the suit. Citing the severe fiscal crisis…
In view of the challenges thrown by COVID19 outbreak and consequent lockdown, the Government of India recently took a major decision to provide relief from payment of rental to the small IT units operating out of the Software Technology Parks of India (STPI). Most of these units are either Tech MSMEs or startups. The Ministry…