Business
Markets reforms: Govt to table Securities Markets Code Bill in Winter session; unified law to merge Sebi, Depositories & trading Acts – The Times of India
The government has listed the Securities Markets Code Bill 2025 for introduction in the Winter session of Parliament starting December 1, according to a Lok Sabha bulletin. The unified legislation is aimed at boosting ease of doing business and reducing regulatory friction across India’s financial markets. The Bill proposes merging key securities laws, including the Securities and Exchange Board of India Act, 1992, the Depositories Act, 1996, and the Securities Contracts (Regulation) Act, 1956, into a single code. The unified framework was first announced in the Union Budget 2021-22, when Finance Minister Nirmala Sitharaman proposed consolidating multiple laws governing securities markets — including the Government Securities Act, 2007 — into a rationalised code. Experts said the move could reduce compliance costs and minimise overlaps between rules enacted by Sebi, depositories and the central government. Bringing the Government Securities Act within a unified code could also strengthen credibility of sovereign borrowing and help channel more foreign capital, they noted.
Business
Rail fares to be frozen for first time in 30 years
Rail fares are to be frozen for the first time in 30 years, the Government has announced.
Ministers said the move will save millions of rail travellers hundreds of pounds off season tickets, peak and off-peak returns between major cities.
Commuters on the more expensive routes will save more than £300 a year.
The Government said the changes are part of its plans to rebuild a publicly owned Great British Railways that will deliver value for money through bringing rail tickets into the 21st century with tap in tap out and digital ticketing, alongside investing in superfast wifi.
The announcement applies to England and services run by English train operating companies.
Chancellor Rachel Reeves said: “Next week at the Budget I’ll set out the fair choices to deliver on the country’s priorities to cut NHS waiting lists, cut national debt and cut the cost of living.
“That’s why we’re choosing to freeze rail fares for the first time in 30 years, which will ease the pressure on household finances and make travelling to work, school or to visit friends and family that bit easier.”
Transport Secretary Heidi Alexander said: “We all want to see cheaper rail travel, so we’re freezing fares to help millions of passengers save money.
“Commuters on more expensive routes will save more than £300 per year, meaning they keep more of their hard-earned cash.
“This is part of our wider plans to rebuild Great British Railways the public can be proud of and rely on.”
Ministers said a typical commuter travelling to work three days a week using flexi-season tickets will save £315 a year travelling from Milton Keynes to London, £173 travelling from Woking to London and £57 from Bradford to Leeds.
The freeze will apply to all regulated fares, including seasons, peak returns for commuters and off-peak returns between major cities, benefitting more than a billion passenger journeys said the Government.
The move was warmly welcomed by rail unions and passenger groups.
Mick Whelan, general secretary of the train drivers union Aslef, said: “We are pleased that after 14 years of the Tories pricing people off our railways, this Labour Government is helping people to commute to work and travel for pleasure.
“This is the right decision, at the right time, to help passengers be able to afford to make that journey they need to take, and to help grow our railway in this country, because the railway is Britain’s green alternative – taking cars and lorries off our congested roads and moving people and goods safely around our country in an environmentally-friendly way.”
Alex Robertson, chief executive of passenger watchdog Transport Focus said: “Freezing fares will be extremely welcome news for rail passengers who consistently tell us value for money is their highest priority, alongside trains running on time. It should also make it more attractive for people to use the train more often or for the first time.
“We’ve always recognised there is a difficult balance to strike in how the railway is funded between fares and public subsidy. That makes today’s announcement particularly welcome.”
Eddie Dempsey, general secretary of the Rail, Maritime and Transport union, said: “This freeze is a welcome first step towards better value fares for passengers and shows that Government plans for public ownership of the railways can deliver real tangible benefits for passengers.
“More affordable fares will encourage greater use of public transport, supporting jobs, giving a shot in the arm to local economies and helping to improve the environment.
“As more passengers return to the railway, it is worth remembering that a well-staffed network with ticket office workers on hand to help people find the best and most affordable tickets, is the best way forward for the rail industry.”
TUC general secretary Paul Nowak said: “The disastrous privatisation experiment left regular train travel unaffordable and unreliable for far too many, but this Government is turning the page on the failed era of privatisation by delivering publicly-owned railways which put passengers above profit.
“This rail fare freeze will be a huge relief to working people who have got used to paying through the nose for a shabby service.”
A Rail Delivery Group spokesperson said: “The Government’s decision to freeze fares is good news for customers. Use of the railway continues to grow year on year, helping people travel to work and connect with family, while supporting a more sustainable future. We want our railways to thrive, that’s why we’re committed to working with Government to ensure upcoming railway reforms deliver real benefits for customers.”
The Conservatives welcomed the freeze but said the Government was “late to the platform”.
Shadow transport secretary Richard Holden said: “In Government, the Conservatives kept fares on the right track with below-inflation rises and consistently called for no further hikes to protect hard-working commuters.”
Business
Index reshuffle: IndiGo parent to enter Sensex from Dec 22; Tata Motors Passenger Vehicles dropped – The Times of India
InterGlobe Aviation, the operator of IndiGo, will be included in the BSE’s 30-stock benchmark index Sensex from December 22, the BSE Index Services said on Saturday.As part of the reconstitution exercise, Tata Motors Passenger Vehicles Ltd will be dropped from the index, the announcement added, PTI reported.The changes will take effect from market open on Monday, December 22, and have been made by BSE Index Services Pvt Ltd (formerly Asia Index Pvt Ltd).In the broader BSE 100 index, IDFC First Bank Ltd will be added, replacing Adani Green Energy Ltd. Within the BSE Sensex 50 index, Max Healthcare Institute Ltd will be included, while IndusInd Bank Ltd will be removed.Further, in the BSE Sensex Next 50 index, IndusInd Bank and IDFC First Bank will replace Max Healthcare Institute and Adani Green Energy.
Business
India’s New Four Labour Codes: From Gratuity After One Year To Free Annual Health Checkups; Who Will Receive Gratuity In Case Of Private Sector Employee’s Death?
New Labour Codes In India: The Government of India has introduced a major reform that will benefit lakhs of employees who frequently change jobs, including fixed-term employees, women, gig workers, MSME staff, and contract workers. Under the new Labour Codes, the minimum service required to receive gratuity has been reduced from five years to just one year. This means more workers will now be eligible for gratuity even if they don’t stay long in one organisation.
This major reform is part of the government’s plan to replace 29 old labour laws with four new Labour Codes. These include the Code on Wages, the Industrial Relations Code, the Social Security Code, and the Occupational Safety Code, replacing outdated regulations framed between the 1930s and 1950s. The goal is to make business processes smoother, improve worker welfare, update outdated rules, and create a more transparent and worker-friendly labour system.
Gratuity: What It Is And What Happens After Private Employee’s Death
It is a one-time amount that employers give to employees as a thank-you for their service. Under the Payment of Gratuity Act, private sector employees can receive gratuity when they leave a job (due to resignation or termination), retire, or become disabled. In case of an employee’s death, the amount is paid to their nominee. Earlier, employees had to complete at least five years of continuous service with the same employer to be eligible, except in situations of death or disability. (Also Read: What Is EPS-95 Scheme? If Employee Becomes Permanently Disabled, Will He Get Pension? Check Benefits, Eligibility Criteria, And How It Is Calculated)
New Labour Codes: How New Gratuity Rule Strengthens Worker Security?
With this reform, employees will not be penalised for having short job tenures, giving young workers who often switch jobs better financial security. It also benefits contractual, fixed-term, and gig workers by making gratuity easier to receive and more predictable. By offering gratuity to more people, the government is encouraging formal employment and improving the safety net for all workers. Overall, this change makes India’s workforce more secure and brings labour benefits closer to global standards.
New Labour Codes: Benefits Including Free Annual Health Check-Ups
For the first time, all workers, whether permanent, contractual, or fixed-term, must receive appointment letters, which improves job security and helps reduce disputes. The new Labour Codes also make preventive healthcare mandatory, requiring employers to provide yearly health checkups for workers aged 40 and above, helping with early detection and lowering long-term health risks.
Under the Code on Wages, every worker across all sectors is now entitled to minimum wages, ensuring that no one falls below a basic income level. Adding further, women are allowed to work in all types of jobs, including night shifts, giving them greater employment opportunities and flexibility.
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