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India-UK social security pact to slash costs for firms; up to 95% of Indian professionals to gain

Thousands of Indian professionals working in Britain through Indian employers will stop paying dual social security contributions from July 15, with officials estimating that 90-95% of such workers will benefit from the India-UK social security pact coming into force alongside the free trade agreement.The Agreement on Social Security, or Double Contribution Convention (DCC), is expected...
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Fertilisers: ‘It takes time to restart plants’: Hormuz reopening may not ease fertiliser woes anytime soon, say industry executives

Fertiliser availability and prices may take another three to four months to return to normal despite a tentative US-Iran peace agreement and the expected reopening of the Strait of Hormuz, industry executives said.While the agreement is expected to ease pressure on global energy and shipping markets, executives said disruptions caused by the conflict in West...
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Trade deal with UK set to kick in from July 15

NEW DELHI: The India-UK free trade agreement (FTA) and the social security deal are set to be operationalised from July 15 after talks between PM Narendra Modi and his counterpart Keir Starmer in Evian on Wednesday.“We have got an even solution that balances the interests of our stakeholders on the issue of steel,” a senior...
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PNGRB asks oil, gas firms to strengthen compensation for accident victims

New Delhi: Petroleum and Natural Gas Regulatory Board (PNGRB) has urged oil and gas companies to review and strengthen their compensation policies beyond statutory requirements to ensure adequate support for families of workers killed or permanently disabled in accidents.While several companies have already enhanced their voluntary compensation packages following its interventions and continued follow-up, the...
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