The remaining 0.35 per cent will be credited in December this year, if the EPFO is able to redeem its equity investments.
Experts say, these leave many matters to the discretionary powers of bureaucrats, rather than providing them explicitly in the rules.
The government further defended its move to introduce fixed-term employment, insisting that the present system of hiring workers through contractors is exploitative.
According to a proposal by the Union labour ministry, 10 per cent of the employees or 100 workers will be needed at least to form a trade union
Parliamentary standing committee on labour, led by Biju Janata Dal MP Bhartruhari Mahtab, has said in its report that it is unjustifiable for owners to pay workers' wages during natural calamities.
The outbreak and lockdown have thrown up a number of challenges, such as layoffs, pay cuts and a general slowdown. Many subscribers after their unsuccessful attempts to use the scheme have taken to social media to voice their complaints, as the EPFO website and grievance portal suffer outages and its customer helpline remains unreachable.
Congress leaders Siddarmaiah and G Parameshwara are likely to leave with a host of other senior leaders to meet with party high command in New Delhi to hold discussions about the Karnataka elections.
According to the law, the contribution "should not be more than 5 per cent of the amount paid to gig workers. The government is likely to start seeking contribution from gig companies towards the fund from April 1, 2021.
In this interview with Rediff.com's Vicky Nanjappa, Kharge says that he is not an aspirant to the chair of the chief minister, but also adds that the final decision would be with the party high command.
ILO acts upon a plea by 10 central trade unions objecting to the ordinances proposed to temporarily scrap labour laws in Uttar Pradesh and Gujarat, along with executive orders issued by at least 10 states to increase the daily working limit to 12 hours from eight hours, along with other labour law changes.
Reaching out to the working class, especially in the unorganised sector, the government rolled out several measures in 2011, raising minimum daily wages, enlarging health insurance coverage and also notifying Majithia Wage Board recommendations for newspaper and news agency employees.
Prime Minister Narendra Modi's Cabinet colleagues celebrated the second International Day of Yoga on Tuesday at different parts of the country.
US hopes to learn from these innovative and dynamic programmes in India.
The Minimum Wages Act will be amended to enact a new centrally set minimum, in the wake of the National Advisory Council's suggestion on asymmetries in this regard between states on payments for work done on schemes under the National Rural Employment Guarantee Act.
The Union labour ministry has said that it can invest part of the Rs 5 lakh crore (Rs 5 trillion) provident fund corpus in the stock market provided the finance ministry guarantees safety of the workers' money.
The Union Labour ministry had announced a compensation of Rs 10 lakh for the next of kin of the deceased and Rs 2 lakh for those seriously injured.
States may set it higher, not lower; planned link to cost of living.
The Karnataka Government on Tuesday ruled out a CBI probe into the illegal iron ore mining and export scam, even as the stand-off with the Opposition showed no signs of resolution.
The United Progressive Alliance government has initiated a move to revive a 20-year-old controversial bill which seeks to give representation to workers on company boards. As a first step, Union Labour Secretary Prabhat Chaturvedi met human resource directors and other senior officials of 12 'Navratna' PSUs in Delhi.
'Just as coronavirus has come to us from China, this disease is also coming from that country.' 'India is a strong democracy and you cannot compromise on labour laws in this manner.' 'These changes will be challenged in court.'
Top officials from the US department of labour, organisers of the event, said the innovative 100-day rural employment guarantee scheme has been successful beyond the expectations of almost every one.
Currently, industries with up to 100 workers were allowed to do this.
The CBT headed by Union labour minister would meet on September 4.
Never in his long political career has the Union labour minister attracted such attention.
Modi said his government was committed to provide equal opportunities to all sections of the society.
According to new proposal for amendements in the labour law, a worker will be allowed to object to being laid off within three years, against no clear period specified in the law now.
Labour law changes for three years may not be enough as it takes a couple of years for factories to build and operations at a proper scale start only in the third or fourth year.
Govt working on policy to regularise migrant workers, labour ministry puts out broad contours of the policy for public discussion
The Employees' Provident Fund Organisation (EPFO) on Friday decided to give 8.5 per cent interest on provident fund deposits of 4.5 crore (45 million) subscribers.
'Pay Rs. 30 and insure free treatment up to Rs. 30,000.' That is the latest slogan of the Manmohan Singh government, which has provided such a unique insurance cover to those below the poverty line (BPL) for the first time in the history of the country.
Faced with stiff resistance from the Union Home Ministry for his efforts to do away with Section 377 of IPC which penalises gay sex, Union Health Minister Anbumani Ramadoss today said he and other "like-minded" colleagues planned to meet PM Manmohan Singh and seek a solution.
A large chunk of workers in north India, who are migratory in nature, were engaged in the construction sector, Union Labour Secretary Pillai said on Thursday and added that though these workers were covered under five basic laws, but in many cases, they were deprived of the benefits given under the laws.
Labour sector needs bigger reform than the PM revealed.
The government has deferred the decision on fixing the Employees' Provident Fund (EPF) rate of interest for the current fiscal till the next meeting of the Employees' Provident Fund Organisation.
As per the recommendations of the 2nd National Commission on Labour, the ministry is codifying existing 44 central labour laws into four codes by simplifying, amalgamating and rationalising the relevant provisions of the legislations.
The Employees Provident Fund Board may examine the option of investing five per cent EPF corpus money in stock markets, Union Labour Minister Oscar Fernandes said on Tuesday. Ahead of the meeting of EPF Central Board of Trustees to finalise the interest rate for 2007-08, Fernandes said that the option to make investment in the capital market was "still open".
The noted writer, who was awarded D.Lit (Doctor of Letters, honoris causa) by the Central University of Hyderabad few years ago, said the institution has "acted against human dignity and knowledge."
In an apparent attempt to act as a pressure group within the United Progressive Alliance, two constituents -- Rashtriya Janata Dal and Telangana Rashtra Samithi -- Thursday announced the formation of an informal group within to "review" UPA
TRS Ministers K Chandrasekara Rao and A Narendra will tender their resignation to Prime Minister Manmohan Singh later in the evening.
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