The Left unions want concrete action and not just 'assurances'.
Despite the labour ministry's claims that it is vigourosly chasing the employees provident fund defaulters, the money that employers owed to the fund mounted to Rs 1,758 crore till July, but EPFO might be able to realise only Rs 571 crore.
The labour ministry will soon submit a detailed plan on providing social security to 37 crore (370 million) workers in the unorganised sector to a Group of Ministers, which is examining the proposal and slated to meet next week.
For Swarup, the job would not be just challenging but also tricky, given the negativity attached to the sector.
A government panel examined the records of employees surveyed by Labour Bureau's quarterly enterprises surveys and mapped it with the EPFO's subscribers and found "unexplained variations" between the two.
'Today when people are fighting to get their salary, you are telling them you will privatise airports!'
While some trade union leaders have welcomed the move, industry has opposed it, fearing an increase in its wage bill
The law was amended to bring parity between public and private sector employees (including PSUs) after the gratuity limit was raised for central government on similar lines
Trade unions on Tuesday began a five-day coal industry strike, terming it as the biggest industrial action for any sector since 1977.
Fire at the factory was still not doused completely more than 48 hours after the tragedy struck ahead of Eid festival.
At present this facility is available to workers of (un-exempted) firms which do not have their PF trusts and manage their employees' accounts with their respective regional fund commissioners of the EPFO. It was launched in October last year.
While looking to give a boost to the mutual fund sector with some contribution from about Rs 5.5 lakh crore (Rs 5.5 trillion) corpus being managed by Employee Provident Fund Organisation, Sebi feels that age restrictions would safeguard investors from 'unnecessary risks' during years closer to their retirement.
The Finance Ministry has been pitching for EPFO funds to be invested in the equity markets to maximise their yields.
The labour ministry on Friday appointed Tata Sons, promoter of the major operating companies of the Tata group, a knowledge partner for enhancing employability and entrepreneurship among the youth.
The commission suggested that a comprehensive plan should be devised to handle the issue of missing files which has become a "stumbling block" in implementing the RTI act.
The unemployment rate among women came down to 12.4 per cent in urban areas
Units employing up to 49 workers are not required to list themselves with the government.
EPFO has verified or attested 64.67 lakh Aadhaar numbers.
If a risk taker and young, NPS would suit her/him. Otherwise, s/he should go for EPF.
'Now, we have a minimum pension of Rs 1,000 annually.'
'The rate of interest from the EPF is still attractive compared to the rates on fixed deposits, National Savings Scheme, Public Provident Fund...'
Tamil nadu Chief Minister and All India Dravida Munetra Kazhagam supremo J Jayalalithaa on Monday sacked three ministers and six district heads in the backdrop of her party's defeat in three Lok Sabha seats in Tamil Nadu and Puducherry.
The meeting has been called as the Finance Minister P Chidambaram did not extend a March 31 deadline for the trusts to get regular tax exemption through the Employees' Provident Fund Organisation.
In January, the Employees' Provident Fund Organisation had asked the field staff to ensure the collection of data in respect of member joining on or after March 1, on a monthly basis and in respect of existing members by June 30, 2013.
The Vasundhara Raje government's initiatives mark a critical step forward in labour law reforms.
Modi said these steps exemplified his government's approach of 'minimum government and maximum governance'.
Instead of mechanically consolidating all labour laws into one, provisions of all labour laws should be relooked in terms of their substance. The irrelevant and archaic provisions have to be fixed, says Aparajita Gupta.
The Goa Investment Promotion and Facilitation Board, the BJP's brainchild, has been able to create only 1,500 jobs
The Centre has, however, retained its proposal to curb flash strikes as workers in all factories will be required to give employers a strike notice of at least two weeks after the Bill becomes a law.
At item level, rice, coconut oil, fish fresh, poultry, milk, onion, vegetables, fruits, sugar, cigarette, electricity charges etc. are responsible for increase in the index.
President Pranab Mukherjee on Friday gave his assent to Rajasthan's amendment to three laws -- the Factories Act, Industrial Dispute Act and Contract Labour Act.
At present, the EPF subscribers are exempted from paying income tax on deposits.
Employees of around 150 firms may lose out on PF benefits as their companies failed to get an exemption certificate from the Employees' Provident Fund Organisation (EPFO)
The age of Indian maids looking for employment in Saudi Arabia has been set between 25 and 50 years under a new employment agreement finalised by the two countries to guarantee protection of domestic workers.
FIFA is not responsible for the working conditions of labourers helping to build stadiums for the 2022 World Cup finals in Qatar, the president of world soccer's governing body Sepp Blatter said.
The members of these trusts enjoy tax and other benefits at par with EPFO subscribers.
A senior finance ministry source said making the use of debit cards and e-wallets compulsory across the board is legally untenable, but banks have been asked to insist their account holders use these instruments
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