The implementation of four labour codes in one go from April 1 next year will usher in a new wave of reforms in industrial relations and also help in attracting more investments but employment generation will remain a key challenge in 2021. This year has also been a challenging year for the work force as well as for employers due to the outbreak of the COVID-19 pandemic. The government imposed a nationwide lockdown from March 25, which had an adverse impact on economic activities and resulted in exodus of migrant workers from large cities to their homes in the hinterland. Many migrant labourers lost their jobs and it took months for them to return back to their work places from their native places.
Economy has become a major cause of concern for the new government with GDP dropping to 5.8 per cent in the last quarter of the 2018-19.
The new Council of Ministers comprises of 25 Cabinet ministers, nine Ministers of State (Independent Charge) and 24 Ministers of State (MoSes).
Retirement fund body EPFO on Thursday lowered the interest rate on Provident Fund deposits to 8.5 per cent for the current financial year, Labour Minister Santosh Gangwar said on Thursday.
This is the first reshuffle in the Council of Ministers by Prime Minister Modi since he assumed charge for a second term in May 2019.
The EPFO had decided that 8.15 per cent interest from its debt income would be credited immediately and the remaining 0.35 per cent capital gains from the equity sale would be given later, subject to its redemption.
The ceiling of gratuity amount under the Payment of Gratuity Act, 1972, has been raised from time to time keeping in view overall economic condition and employers' capacity to pay and the salary of employees, which have been increased in private sector and in PSUs.
Sharply divided maulanas appear to have paved way for a smooth sailing for Bharatiya Janata Party nominee Santosh Kumar Gangwar in Bareilly.
The finance ministry official may have claimed that the ministry does not have information on the loans sanctioned by different banks to Mallya or the details of the guarantee given by Mallya against those loans, but the ministry had responded to questions in this regard in Parliament in the past.
However, the hike in salary for government officials may take some time as the Centre had earlier this year decided to put a freeze on any hike in the DA of its employees till July, 2021, owing to the Covid-19 pandemic.
All four labour codes are likely to be implemented in one go from April 1, the beginning of the next fiscal year, labour secretary Apurva Chandra said on Wednesday. The parliament in its just concluded session passed three labour code bills: the Industrial Relations (IR) Code, the Social Security Code, and the Occupational Safety, Health and Working Conditions Code (OSH). The Wage Code Bill, 2019 was passed by the parliament last year.
Jet Airways has been looking at various ways to raise funds amid acute liquidity crunch that has forced it to ground aircraft, cancel flights in large numbers, shutdown stations and delay salary payments to its pilots and engineers along with other senior staff.
'Bachpan se hi mujhe sabki madad karna pasand hai,' says the fearless lad who says he will readily risk his life again if the occasion so demanded.
'Even they can see through the stories on these news channels and can see how these channels keep shifting their goals: From murder, drugs, to someone missing. They are worthless goals.'
Sitharaman said the Bill has proposed giving a legal framework for fixed-term employment through which contract workers serving a fixed-tenure will get equal statutory social security benefits as regular workers in the same unit.
Directions have been issued to about 48 industrial units polluting River Ganga to close down, the Rajya Sabha was informed on Monday.
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 remaining 0.35 per cent will be credited in December this year, if the EPFO is able to redeem its equity investments.
According to the EPFO estimates, there would be a surplus of Rs 151.67 crore after providing 8.65 per cent rate of interest for 2018-19 on EPF.
The special investigation team probing her allegations had on Monday taken the woman before Judicial Magistrate Geetika Singh to record her statement.
Given the controversy over Uttar Pradesh's population control moves, Hemant Shivsaran/Rediff.com digs deep to find out how many children BJP MLAs in UP have.
The move will help industries in pushing authorities for exemption under various labour laws at a micro-level, along with demanding changes to bring greater flexibility in their operations related to retrenchment, safety standards, and collective bargaining.
After taking benefit of the scheme, jobs increased by around 11 mn in establishments that took loans.
Strengthening the portfolios of the home minister and the finance minister is a message that should not be missed, points out A K Bhattacharya.
Talking to media persons after taking charge of the new portfolio, she side-stepped questions about Bharatiya Janata Party president Amit Shah being behind her shift saying it is not individuals but the party who takes such decisions.
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.
Union ministers Mukhtar Abbas Naqvi, Thaawarchand Gehlot, Ravi Shankar Prasad and Santosh Gangwar, Delhi Lieutenant Governor Anil Baijal, BJP national general-secretary Arun Singh and party MP Maneka Gandhi also visited the hospital to know about his wellbeing.
If retrenched workers are unable to reskill within a fixed period of time, they will have to return the money given to them by the government. Moreover, they may be asked to pay back an interest on the sum transferred.
The Seventh Pay Commission had decided to choose the CPI-IW as the index for adjusting inflation for central government employees.
Statistics from PropEquity, a firm that compiles and analyses real estate data across India, show that by 2014, Noida will have 190,123 new houses and apartments -- almost 40,000 more than what Gurgaon, Navi Mumbai, Gachibowli (Hyderabad) and Hinjewadi (Pune) collectively offer.
The EPFO is now developing a software that will help show retirement savings in cash and ETFs components separately. At present the account only shows the savings as gross cash component.
The new Council of Ministers has representation from almost all the states, except Andhra Pradesh and the north-eastern states of Nagaland, Manipur, Mizoram, Sikkim and Tripura.
The textile industry is the second-largest employer in the country, employing about 32 million, and the government is banking on it to absorb millions of youth.
Under fire over the molestation of a woman in a busy Patna street, the Bihar government on Saturday transferred 14 senior police officers, including an inspector general, deputy inspector general and five senior superintendents of police. As the incident on Thursday sparked an outrage threatening to sully the government's image, IG (central zone) Sunil Kumar, DIG (central range) J S Gangwar, SSP (Patna) R Malar Vizhi and Superintendent of Police Anwar Hussain were shifted.
Apart from Bihar, Chhattisgarh and Jharkhand, where none of the estimated 6.7 million construction workers got cash transfer benefits, the coverage of the construction workers was the lowest in Delhi, where only about 5 per cent of the estimated workers received cash under the PMGKY, followed by Kerala and Uttar Pradesh (22 per cent), among major states. In India, construction workers belong to the unorganised sector but account for the highest share of non-farm jobs after manufacturing.
The scheme, which will be effective from July 1, 2019 would benefit 36 million employees and 1.28 million employers. The ESI Act applies to factories with 10 or more workers and provides for medical, cash, maternity, disability and dependent benefits to employees drawing a salary of up to Rs 21,000 per month.
Three persons were on Saturday arrested in connection with the alleged assault and stripping of a young woman by a group of people on the busy Exhibition Road in Patna on Thursday that sparked nation-wide outrage. Police said the arrested persons were Ashok Kumar, owner of the hotel where the woman allegedly engaged in flesh trade stayed, and the hotel manager besides an alleged pimp.
Under the New Code on Wages Bill 2019, employers will be required to give the minimum wages, notified by either the state or the Centre, to the unorganised sector, too.
Sitharaman, who was holding the Commerce portfolio (Independent charge), was on Sunday promoted to the Cabinet rank as was Goyal.
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