House panel to vet two labour codes
Ministry feels delay is essential as bills’ technical provisions are significant. The ministry has decided to seek the committee’s views as it feels the proposals will have farreaching implications, but the move may slow down the pace of labour reforms being pushed by the government.
Labour ministry to rejig draft social security code
PMO unhappy as the proposals fail to meet objective of unifying all social security benef...
Labour Ministry extends utility service status for three industries
Labour Ministry in its recent notification said that it is in public inte...
Pension commutation under EPFO from Jan 1
The move, which comes 10 years after the provision was withdrawn, follows a decision at a recent meeting of the EPFO’s central board of trustees and will benefit around 630,000 pensioners.
Govt may unveil Rs 36 K-cr plan to get more phones made in India
Indian Cellular & Electronics Association, which has Apple, Foxconn, Xiaomi and Flextronics among its members, has flagged subsidy for machinery & equipment, cost of power, incentive for supporting industry, labour subsidy, logistics and reduction of land rentals as other disabilities India faces in comparison to rivals such as Vietnam.
Labour ministry proposes revised social security code
Labour ministry has circulated the draft code seeking comments from stakeholders by October 25 following which tripartite consultations will be held to finalise the code.
Labour Ministry mulls incentives to companies for encouraging employment of SC, STs
EPFO is collecting data about SC and ST employees in the public sector as well as private sector through its over 136 regional offices.
Labour Ministry notifies 8.65% interest rate on EPF for 2018-19
The EPFO has been settling EPF withdrawal claims at 8.55 per cent interest rate, approved for 2017-18. Now, the EPFO will settle accounts at a higher rate of 8.65 per cent for 2018-19.
RSS-affiliate BMS presses for further scrutiny of Social Security Code Bill
According to BMS, since the code continues to retain the threshold under each legislation including the provident fund, employees’ state insurance, gratuity and maternity benefits, it will not benefit the entire 500 million workforce of the country. "Main concern that remains in the Code is the lack of its universal character," it said.
Labour reforms resulted in higher salaries in FY18: Finmin
Compared with 2011-12, FY18 also saw 5% of the country’s agricultural workforce moving to services and industry. This resulted in 2% of the country’s workforce moving from the unorganised to the organised sector.
Govt introduces Labour Code on Industrial Relations bill in Lok Sabha
The industrial relations code is the third of four labour codes that have got approval from the Cabinet. The Bill consolidates essential elements of three laws—the Trade Unions Act, 1926, the Industrial Employment (Standing Orders) Act, 1946, and the Industrial Disputes Act, 1947—helping improve ease of doing business.
Labour ministry to call stakeholder consultation on revised draft of social security code
“The draft of ‘code on social security’ is ready and will be shared with stakeholders for their comments soon,” labour minister Gangwar said.
A stitch in time: Policy flip-flops have seen India lose in garments exports but, it might not be too late
Countries like Bangladesh & Vietnam are growing rapidly as garment manufacturing is moving here from China.
Next Ease of Biz ranking of states likely in March
The exercise is aimed at triggering competition among states to improve business climate in order to attract domestic and global investors.
View: The upcoming Budget and other moves will bring the economy back on track
It is time for commentators on the economy to offer their wish lists of reforms to the finance minister.
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