Author: Legal Parivar

A group of seasoned American professionals has lodged accusations against Tata Consultancy Services (TCS) for allegedly engaging in unlawful discrimination based on their race and age, as per a report by the Wall Street Journal citing complaints filed with the US Equal Employment Opportunity Commission. The report suggests that TCS purportedly terminated their employment and outsourced some of their tasks to lower-paid Indian immigrants holding temporary work visas. Since late December, at least 22 individuals have reportedly filed complaints against TCS with the Equal Employment Opportunity Commission. TCS boasts clients among the largest corporations in the US. According to the…

Taxpayers seeking to make last-minute tax-saving investments for FY 2023-24 may find March 30 and March 31 crucial, being the final two days of the financial year. Missing this deadline would mean forfeiting the opportunity to invest in the current fiscal year. Investing in government schemes like the Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY) on March 30 and March 31 could potentially qualify as investments for FY 2023-24. However, the crucial factor lies in when the bank processes the transaction. If the remittance is processed on the same day, the investment date will be considered these dates,…

Zee Entertainment announced on Friday that it has implemented workforce reductions at its Technology and Innovation Centre in Bengaluru, cutting approximately half of its employees. This decision follows recommendations from a company-formed review panel aimed at cost reduction. The move was approved by the managing director and chief executive officer, Punit Goenka, according to a statement released by the company. The ‘3M (Monthly Management Mentorship) Program Special committee,’ consisting of company chairman R. Gopalan and audit committee chairman Prakash Agarwal, suggested measures to address losses in Zee’s businesses, including its English-language TV channels. One of the key recommendations was to…

The Congress party has leveled accusations against the income tax department, alleging double standards in its actions. It claims that while the department has slapped the Congress with an income tax demand notice of Rs 1,823.08 crore, it has overlooked larger violations by the ruling BJP, which supposedly owes Rs 4,600 crore. The Congress has labeled these actions as “tax terrorism” orchestrated by the ruling establishment, especially in light of the upcoming general elections. The party has announced its intention to take the matter to the Supreme Court next week. Various opposition parties, including the Left, have also received income…

Banks across many states will remain closed on Monday as they finalize their yearly accounts, following Reserve Bank of India (RBI) guidelines. This closure is part of the 14 days of bank holidays in April, which includes Sundays and second and fourth Saturdays, according to the RBI holiday list. The RBI has categorized holidays into three types: Negotiable Instruments Act Holidays, Real Time Gross Settlement Holidays, and Bank Account Closing Holidays. April 1, 2024, has been designated as a bank holiday under the Bank Account Closing Holidays category. While most states will observe bank closures for this purpose, exceptions include…

The Employees’ Provident Fund Organisation (EPFO) traditionally announces the annual interest rate applicable on EPF deposits during the last quarter of the financial year. This year, in February, the EPFO declared a marginal increase in the interest rate to 8.25% for deposits held during the financial year 2023-24. However, historical trends suggest that this interest may not be credited before the end of the financial year on March 31, 2024. According to an expert the delay in crediting interest is often attributed to procedural delays within the labour ministry, including the process of forwarding required documents to the finance ministry.…

According to a recent report from the International Labour Organization (ILO), in India, young people with higher education levels face a higher likelihood of unemployment compared to those with no formal schooling. The report reveals that for graduates, the unemployment rate stands at 29.1 percent, nearly nine times higher than the 3.4 percent rate for those who are illiterate. It’s worth noting that in 2022, the proportion of unemployed young Indians aged 15 to 29 decreased to 82.9 percent, down from 88.6 percent in 2000. Additionally, the percentage of educated youths increased to 65.7 percent compared to 54.2 percent in…

A college student from Gwalior, Madhya Pradesh, has taken legal action after discovering transactions totaling Rs 46 crore were made from his bank account, according to news agency ANI. Pramod Kumar Dandotiya, a resident of Gwalior, was alerted to the transactions only after receiving a notice from the income tax department. The notice revealed that a company had been registered using his PAN card and was operating in Mumbai and Delhi in 2021. Dandotiya, a college student in his twenties, was shocked by the notice. He alleges that his PAN card was unlawfully used to register the firm and conduct…

On March 29, the Bharatiya Janata Party ( BJP ) lodged a formal complaint with the Election Commission (EC), alleging that Yathindra Siddaramaiah, son of Karnataka Chief Minister Siddaramaiah, violated the Model Code of Conduct (MCC) by using derogatory language to target Prime Minister Narendra Modi and Home Minister Amit Shah. The state BJP unit accused Yathindra Siddaramaiah of making inappropriate remarks against the leaders during a speech in Hanur town of Chamarajanagara district on March 28. They claimed that such statements were in violation of the MCC guidelines set by the EC. In the complaint addressed to the poll…

M/S. Kozyflex Mattresses Private Limited vs. SBI General Insurance Company Limited and Another : Read Full Judgment The case of M/S. Kozyflex Mattresses Private Limited vs. SBI General Insurance Company Limited and Another revolves around a fire incident at the manufacturing unit of the appellant company and the subsequent insurance claim filed by them. The appellant, engaged in manufacturing coir foam mattresses, pillows, cushions, and other coir by-products, had obtained a fire insurance policy from the respondent insurance company. However, when a massive fire occurred at their manufacturing unit, causing significant damage, the insurer repudiated the claim on grounds of…