SpiceJet, India’s oldest private airline, is rapidly deteriorating operationally and financially. With capacity sharply reduced, the carrier has begun furloughs and is delaying salaries for employees by up to two months or more. Unpaid dues including GST, TDS, and PF are also accumulating, deepening uncertainty for staff and stakeholders as the airline hunts for a lifeline.
India’s new Code on Wages requires basic salary to be at least 50% of total CTC. That shift is expected to raise provident fund and gratuity contributions, boosting long-term retirement savings. But employees may see lower take-home pay as employers restructure allowances to meet the rule—effectively making it harder for firms to minimize retirement contributions.
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The Orissa High Court allowed a criminal case to continue against a company director accused of not depositing Rs 15 lakh deducted from employees’ salaries for provident fund. The director argued that the firm later became insolvent and the dues were subsequently cleared. The court said later payment does not erase criminal liability for the original failure.
EPFO has expanded its facility for members to delink incorrect Member IDs (MIDs) from their Universal Account Number (UAN), even when EPF contributions already exist. The change targets cases where wrong MIDs were created without a member’s knowledge. Eligible members can use the official process to correct linkage, but not if claims are processed, pending, or multiple.
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