Tag: Act

DOL proposal would help clarify difference between company drivers, owner-operators under Fair Labor Standards Act

WASHINGTON — The U.S. Department of Labor has proposed a rule that would clarify the definition of “employee” under the Fair Labor Standards Act (FLSA) as it relates to independent contractors.

“The department’s proposal aims to bring clarity and consistency to the determination of who’s an independent contractor under the Fair Labor Standards Act (FLSA),” said Eugene Scalia, U.S. Secretary of Labor. “Once finalized, it will make it easier to identify employees covered by the Act, while respecting the decision other workers make to pursue the freedom and entrepreneurialism associated with being an independent contractor.”

The DOL says the proposed rule:

  • Adopts an “economic reality” test to determine a worker’s status as an FLSA employee or an independent contractor. The test considers whether a worker is in business for himself/herself (independent contractor) or is economically dependent on a putative employer for work (employee).
  • Identifies and explains two “core factors”: The
Read More

Hungary central bank unexpectedly hikes deposit rate, may need to act again

By Krisztina Than and Gergely Szakacs

BUDAPEST, Sept 24 (Reuters)Hungary’s central bank unexpectedly raised the interest rate on its one-week deposit facility NBHK by 15 basis points to 0.75% on Thursday, saying the move was aimed at preventing a rise in inflation risks.

The rate hike at Thursday’s deposit tender came two days after the National Bank of Hungary kept all of its main interest rates unchanged at a rate-setting meeting.

The central bank said on Thursday it was committed to maintaining price stability even amid the coronavirus pandemic.

“The NBH wants to prevent a rise in inflation risks due to the current uncertain environment, and thus decided to raise the rate on the one-week deposit,” it said in a reply to questions.

The bank also said it would monitor short-term market rates closely to ensure that they are “in every sub-market and at all times” consistent

Read More

Harold Evans, Crusading Newspaperman With a Second Act, Dies at 92

Harold Evans, the crusading British newspaperman who was forced out as editor of The Times of London by Rupert Murdoch in 1982 and reinvented himself in the United States as a publisher, author and literary luminary, died in New York on Wednesday. He was 92.

Mr. Evans’s death was reported by the Times of London, where he served as editor for its Sunday stablemate for 14 years, and Reuters, where he had been editor at large. His wife, Tina Brown, told Reuters that he had died of congestive heart failure.

From smoky Fleet Street newsrooms to star-studded literary circles in New York, Mr. Evans climbed to success with relentless independence, innovative ideas and an appetite for risks that often led to postwar changes in journalism, publishing and public tastes on both sides of the Atlantic.

In Britain, he helped redefine high-quality newspapers and pushed back legal restrictions on the press.

Read More

Odisha to amend GST Act to make fraud in input tax credit non-bailable

© Provided by Hindustan Times

Faced with rising cases of fraud in input tax credit, the Naveen Patnaik government plans to amend the Odisha Goods and Services Tax making fraudulent input tax credit and retaining benefit as a cognizable and non-bailable offence.

The Cabinet which met on Tuesday decided to amend the Odisha Goods and Services Tax Act 2017 by bringing Odisha Goods and Services Tax(Amendment) Bill 2020 in its place so that people who do fraudulent GST transactions or passing and availing fraudulent input tax credit would be liable for penalty. The amendment would also make such offences cognizable and non-bailable.

The Cabinet also decided to insert a new section 168A in the Odisha GST Act to extend due dates for various compliances during war, epidemic, flood, drought, fire, cyclone and natural calamities.

The proposed amendment has come in the backdrop of a series of cases involving fraudulent input

Read More

CARES Act funds go to COCC students, Small Business Development Center


BEND, Ore. (KTVZ) — Just four months after Central Oregon Community College assisted more than 1,500 students with a financial boost from the school’s federal Coronavirus Aid, Relief and Economic Security (CARES) Act funds, the college is again awarding dollars to students — this time specifically to those with COVID-related challenges.

COCC students can now apply for the “COCC COVID-19 Fund” via an online application, providing a COVID-19-related need (along with documentation), to receive assistance with expenses such as expanding internet access, upgrading a computer, paying online course fees, covering childcare costs and other expenses. To be eligible to receive funds, COCC students must be U.S. citizens or eligible non-citizens and enrolled in a minimum of three credits. Eligible students can receive a maximum of $1,000 per term, and financial awards will be distributed beginning the third week of COCC’s fall term on a first-come, first-serve basis.


Read More