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How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
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The five-year gratuity rules will end from next year; the four labor codes will be implemented in FY 2021-22

The five-year gratuity rules will end from next year; the four labor codes will be implemented in FY 2021-22

 


The four labour codes brought by the central government can come into force simultaneously from April 1, 2021. Labor Secretary Apoorva Chandra has said this. In the last session of Parliament only

1 - Industrial Relations Code,

2- Social Security Code,

3- Occupational Safety

4- Health and Working Condition Code

Is approved. While the wedge code was approved only in 2019. The central government has prepared these four codes by combining 44 Central Labor Acts.

 

Speaking to reporters, Labor Secretary Apoorva Chandra said that we have recently started working on draft rules to implement the three Labor Codes passed by Parliament. He said that there will be an attempt to notify the draft rules by mid-November. 45 days time will be given for feedback. After this, the final notification will be issued to implement the four codes from April 1, 2021.

 

The Central Labor Minister Santosh Gangwar had said last month that the four labour codes can be implemented by December 2020. Last year, the Labor Ministry issued draft rules to implement the wedge code bill. But the draft rules were withdrawn by the ministry to implement the four labour codes simultaneously. The ministry wants to implement these together to interlink the four labour code rules.

 

The central government has set a target of bringing India into the top-10 countries in the World Bank's Ease of Doing Business list. For this, the government has changed the labour laws. According to the Doing Business 2020 report, India jumped 14 places to 63rd in Ease of Doing Business. In the last five years (2014–19), India has improved 79 places in the Ease of Doing Business list. High ranking promotes investment in your country.

 

What impact will the bill have?

 

Social Security Code: The features of ESIC and EPFO ​​have been enhanced under this code. After the implementation of this code, workers working in the unorganized sector, Giggs workers, platform workers will also get the facility of ESIC. Apart from this, no employee will have to wait for five years to get gratuity.

 

Occupational Safety, Health and Working Condition Code Bill 2020: This bill seeks to create a leave policy and safe environment. After the enactment of this bill, 180 days of work instead of 240 will be entitled to labour leave. In addition, an employee will be fined at least 50 per cent for injuries caused by the workplace.

 

Industrial Relations Code Bill: Companies have been given considerable exemption in this bill. After the implementation of the new bill, companies with less than 300 employees will be able to lay off without government approval. The bill introduced in 2019 had a limit of 100 employees, which has been increased to 300 in 2020.

 

Wage Code Bill: In this bill, provision has been made to provide minimum wages to labourers of the entire country. Under this, the government will fix the minimum wage for the whole country. The government estimates that after the implementation of this bill, 50 crore workers of the country will get timely and fixed wages. This bill was passed in 2019 itself.


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