Private firms will have to maintain a minimum net addition to their workforce each month from October this year to June 2021 to get the Employees' Provident Fund subsidy for the new recruits.
India has entered a 'demographic sweet spot' with half of its population being under the age of 29. This 'demographic dividend' is likely to last for 2-3 decades and provides the government a unique opportunity to harness the vast potential of India's youth, points out Raj Kishore Mishra, the former civil servant turned development professional.
Government tenders could soon go to bidders who promise to train highest number of youth.
A day after being sworn-in, the new ministers took charge of their portfolios. Here's a look at the various new ministers on their first day at work.
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.
States may set it higher, not lower; planned link to cost of living.
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.
Experts say, these leave many matters to the discretionary powers of bureaucrats, rather than providing them explicitly in the rules.
EPFO had started investing ETFs in August last year.
Thackeray said he was in constant touch with the Centre over the issue of running more trains to ferry migrant labourers, stranded due to the coronavirus-enforced lockdown, to their native places.
Tomar had discussed the two proposals with trade unions on June 24 and assured that the government will take at least two weeks to take a decision.
The company stated that it was taking steps for cost rationalisation across all businesses to maintain liquidity and due to a prolonged slowdown it had to take a few tough measures.
A day after Prime Minister Narendra Modi carried out the first revamping of his ministry since he assumed power in May, the new ministers took charge of their portfolios on Monday.
A lowdown on how this career portal launched by the Government of India will change your search for jobs forever
'The package will help in realising the true potential of employment generation in the textile and apparel sector.'
While the number of active COVID-19 cases stood at 7,409, as many as 764 people have been cured and discharged, and one had migrated, it said. Of the total 273 deaths, Maharashtra tops the tally with 127 fatalities, followed by Madhya Pradesh at 36, Gujarat at 22 and Delhi at 19.
He also announced an assistance of Rs 3,000 for accredited journalists while acknowledging their role in the dissemination of information on COVID19.
The minister said Industrial Disputes Act provides for constituting different authorities to ensure harmonious industrial relations and prevent strikes and lockouts.
The government has not done its homework or made any attempt to forge a consensus on this matter that affects millions of people in the organised sector, says Harsh Roongta.
Centre's off-the-record instructions through WhatsApp and a squeeze on funds brought the rural work programme to collapse after a roaring first half of the year.
Workers being laid off will be entitled to full wages of 45 days for every year of service.
Fresh guidelines were issued by the government on Wednesday for enforcing the second phase of the coronavirus lockdown, with the Union home ministry barring all kinds of public transport and prohibiting opening of public places during this period.
Never in his long political career has the Union labour minister attracted such attention.
Many farmers in drought hit states are seeking MGNREGA work but the state government's coffers do not have enough fund to pay the salaries of these workers.
More women are leaving their homes than ever before to hunt for jobs in India's overcrowded employment market, the first government study of its kind released in New Delhi showed.
As the COVID wave gradually shifts to rural areas, several states are gearing up to check its spread through self-proclaimed lockdowns by Panchayati Raj institutions, creating a database of migrants and providing free online medical consultation to the sick.
Sawant took the oath in Konkani language.
The decision will benefit over nine crore such account holders having total deposit of around Rs 32,000 crore.
EPF is the major vehicle for the long-term savings of organised private sector employees.
Of the total cash outgo Rs 40,000 crore is towards enhanced expenditure under Mahatma Gandhi National Rural Employment Guarantee Program and Rs 33,771.48 crore have been sought for direct benefit transfer under Pradhan Mantri Jan Dhan Yojana and National Social Assistance Programme.
The Prime Minister's Office has decided to set up a panel, led by former chief statistician T C A Anant, to deliberate on whether the enterprise-level quarterly data, which is released by the labour bureau, should be discontinued.
'As soon as the BJP feels they are going to lose power, they will publish the caste census data of 2011 and conduct the caste census of 2021.'
Industry cheers while unions label the move veiled entry of a 'hire & fire' regime.
Non-performers were not punished, performers were not rewarded, points out Utkarsh Mishra.
The government's decision to release the reports comes two days after over 200 scholars from across the globe issued a statement demanding release of all withheld reports produced by the NSO, including the household consumer expenditure survey that was junked.
Instructions from the Union rural development ministry to the state officials on the WhatsApp group show that the chat was also used as an off-record avenue for the Union government to pass instructions, which it could not have done through formal channels, keeping the law in mind.
Rajasthan has taken the lead on structural reforms which could help India attract business and employ a fast-growing workforce.
The objective behind the move is to "retain the membership of PF subscribers and to address the social security needs at the time of unemployment."
Beneficiaries to get hospitalisation cover up to Rs 30,000.
Prime Minister Narendra Modi will retain DoPT, Atomic Energy as well as all important policy issues and portfolios not allocated.
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