Career
Two years' bonus for central government employees: Jaitley
Some 33 lakh employees of the central government had reason to cheer on Tuesday with the government announcing their annual bonus that has been pending for two years.
 
"The bonus entitlement for 2014-15 and 2015-16 will be released on the revised norms for central government employees. This was pending for two years. After this, the bonus will be covered under the 7th Pay Commission," Finance Minister Arun Jaitley told reporters.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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IIT-B names, shames start-ups reneging on job offers
In an unprecedented move, the Indian Institute of Technology-Bombay (IIT-B) on Thursday released the names of nine companies it had blacklisted for allegedly going back on plum job placements they offered to its students.
 
These companies, most of them start-ups, were blacklisted for one year for various reasons, IIT-B spokesperson Falguni Benerjee-Naha said.
 
The erring companies are LeGarde Burnett Group, which had revoked its job offers and was later found to be fake.
 
Companies LexInnova and IndusInsight delayed the joining dates given to the selected students, Banerjee-Naha said.
 
The others who are said to have revoked job offers are GPSK, Johnson Electric of China, Portea Medical, Peppertap and Cashcare Technologies. 
 
One firm, Mera Hunar, came up with a different name and hired the IIT-B students for another start-up.
 
The list of nine companies named on Thursday is not final and more could follow depending on their responses in future, she said.
 
It is the first time a prestigious institution like the IIT-B has published a list of blacklisted companies for reneging on job offers to its passouts.
 
The matter had been under review for a couple of months after these companies defaulted on their job offers and was discussed at a recent national-level conclave of all IITs in the country.
 
Taking a cue from IIT-B, other IITs are expected to follow suit and announce their own lists of companies that have gone back on their placement commitments.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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COMMENTS

Kisan Karnad

1 year ago

These are probably start ups which use hiring intent to drum up cash flows from potential VCs.

No admissions in Gujarat on basis of reservation for Patels
The Supreme Court on Monday said the stay of the Gujarat High Court verdict quashing 10 per cent reservation for the economically weaker sections will continue but no admission would take place on the basis of the quota was carved out in the wake of Patel agitation in the state.
 
While directing the hearing of Gujarat's appeal against the high court order, a bench of Chief Justice T.S. Thakur, Justice A.M. Khanwilkar and D.Y. Chandrachud said the August 4 stay order would continue along with the undertaking that no admissions would be made on the basis of 10 per cent reservation.
 
The Gujarat High Court, while staying its own judgment to enable the state government approach the top court challenging it, had recorded an undertaking by the Gujarat government that no admissions would be made on the basis of 10 per cent reservations.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

 

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