Trade unions are planning to launch a nationwide protest and even go on strike to protest against the NDA government’s recent moves to amend various labour laws for improving ease of doing business and boosting ‘Make in India’ programme.
Cabinet approved amendments to the Child Labour Act, for children below 14 years to work in family enterprises and as artist.
The scheme had expired on March 31, 2015 after which EPFO had restored to the earlier provision that had led to widespread protests from trade unions.
The overall corpus of EPFO at present stands at Rs 6.5 lakh crore, but the outstanding investible funds are worth about Rs 1 lakh crore.
NITI Aayog deliberated with key central ministries on the 17 flagship schemes of the government besides taking their views on other over two dozen centrally sponsored schemes where the funding is to be shared between Centre and states.
Highlighting that India has a growth potential of 8-10% in 10-15 years, Panagariya said India's energy demands are going to grow by leaps and bounds.
“Turnaround is certainly there but it is just 10 months old. Give more time because lot of indicators is improving,” Panagariya said.
FM had announced setting up of the fund using the unclaimed deposits of about Rs 3,000 crore in the PPF and about Rs 6,000 crore in the EPF corpus.
This is set to happen in the next few months as part of the shift to a direct benefit model from one mediated by insurance firms in a bid to provide health insurance for all.
IEO was set up as an attached office of the Planning Commission and the post of director general was equivalent to a union minister of state, with a term of three years and extendable to five years.
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