A Guide to Minimum Wage in India in 2024 - India Briefing
WEBMay 8, 2024 · Most media report that the average Indian salary for unskilled work ranges between INR 2250 (US$26.95) to a maximum of INR 70,000 (US$838.50) per month, under the Minimum Wages Act. However, the median monthly salary in India comes at around just INR 29,400 (US$352.17).
Guide to India’s Public Holidays & Festivals
WEBAlthough there are many ways to manage this schedule, most companies in India offer 10 to 14 public holidays, depending on the company’s past practices and industry norms, as well as the discretion of the concerned states. Companies doing business with state and government authorities must note their respective holiday calendars.
List of Approvals: PLI Scheme for Automobile and Auto Components
WEBMar 15, 2022 · The PLI scheme for the automotive industry also intends to promote higher-tech green manufacturing, and will benefit from the INR 181 billion (US$2.42 billion) PLI scheme for advanced chemistry cell manufacturing as well as the Faster Adoption of Manufacturing of Hybrid and Electric Vehicles (FAME) scheme. These schemes are likely to become essential to India’s clean energy goals, enabling ...
Women and Work in India: Trends and Analysis
WEBApr 18, 2022 · As per World Bank estimates, the female labor participation rate in India fell to 20.3 percent in 2019 – from more than 26 percent in 2005 and 31.9 percent in 1983. This is much lower, even when compared with 30.5 percent in neighboring Bangladesh and 33.7 percent in Sri Lanka.
Labor Laws in India – A Guide to Federal, State, and Industry …
WEBDec 26, 2018 · Certain federal laws, such as the Industrial Employment (Standing Orders) Act, 1946, affect all industrial establishments where 50 or more workmen are employed and in establishments where the Shops and Establishments Act is applicable.
FAQs on India's GST Regime, GST Applicability on Overseas …
WEBJan 27, 2022 · The category of transactions that falls under the scope of overseas transaction under the GST regime are: Category 1: Export of goods by payment of IGST or under LUT/Bond. Category 2: Export of services. Category 3: Import of goods, which is governed by Customs Act, 1962. Category 4: Import of services whether for business or non-business ...
Import and Export Procedures in India - India Briefing
WEBFeb 26, 2024 · As India seeks to boost two-way trade, we discuss the import and export procedures, including updates under the Foreign Trade Policy 2023. A key goal for authorities is trade facilitation to streamline trade compliance and customs procedures – part of the broader India@2047 blueprint, which aims to elevate India’s global trade share to 10 percent by 2047.
2024 Holidays in India: List of Gazetted and Restricted Days
WEBNov 22, 2023 · The below list of holidays are based on the Circular by the Ministry of Personnel, Public Grievances and Pensions. September 16, Monday: Milad-un-Nabi (Birthday of Prophet Muhammad) January 17, Wednesday: Guru Gobind Singh’s Birthday. March 6, Wednesday: Swami Dayananda Saraswati Jayanti.
Semiconductor Industry in India: Incentives and Key Players
WEBSep 18, 2024 · The Kaynes Semicon unit at Sanand will have the capacity to produce 6 million chips per day that will cater to applications across a wide variety of industries, including automotive, electric vehicles, consumer electronics, telecom, and mobile phones.; On September 2, Monday, India’s Union Cabinet approved a proposal by Kaynes Semicon to set up a semiconductor unit in Sanand, Gujarat, with ...
India's Occupational Safety, Health and Working Conditions Code, …
WEBJan 22, 2021 · The Occupational Safety, Health and Working Conditions Code, 2020 (OSH Code) is one of three new labor codes that will consolidate the bulk of labor legislation in India and streamline labor compliance besides expanding the social security net for workers. More importantly, the new labor codes seek …