Labour Ministry News
For social security, gig workers need to update info on govt portal: Draft rules
The Code on Social Security 2020 mandates Aadhaar-based registration on the portal of Central Govt Provision has also been made in the rules regarding gratuity to an employee who is on fixed term employment
2 min read15 Nov 2020Industrial workers set for a pay hike
The base year for CPI-IW will be revised from 2001 to 2016, which is likely to benefit millions of workers
1 min read16 Oct 2020Govt to implement four new labour codes by April
Rules are executive work that add details to an Act and iron out issues that were not clear in the Act Chandra said he has written to chief secretaries of all states and union territories few days back and have urged them to expedite the rule making process
2 min read14 Oct 2020Govt allays apprehension over labour codes, says workers' rights not compromised
Govt said labour codes are aimed at expanding labour welfare measures not only to existing beneficiaries but also to more workers in the unorganised sector The workers’ rights such as notice before retrenchment, compensation at the rate of 15 days wages per completed year of service has not been compromised, says govt
7 min read28 Sep 2020EPFO adds nearly 14 mn subscribers in last two financial years
The subscriber growth is on account of lower exits and higher rejoining by exited members, says Labour Ministry
2 min read22 Jun 2020Govt sets up 20 control rooms to address wage-related issues, workers' plight
The Prime Minister has announced extension of the nationwide lockdown till May 3 with conditional relaxation from April 20 in some areas on the basis of evaluation of the situation.
1 min read14 Apr 2020Trade unions write to PMO, labour ministry on plight of contract workers
The unions have apprised them of the way these workers are being laid-off despite government advisories Trade union leaders said these workers are not only losing their earnings, but also face eviction
2 min read3 Apr 2020EPF likely to fetch lower returns
This year EPFO has found it hard to recover some of its previous investments in troubled IL&FS and DHFL EPF interest rate is likely to be cut by 15-25 bps this fiscal
3 min read6 Jan 2020Centre’s EPFO dues surge to ₹9,115 crore amid fiscal pressure
Of the total dues, ₹8,063.66 crore is the government’s contribution to employees pension scheme As part of the EPS scheme, the Union government offers an additional 1.16% of the pension contribution of subscribers whose monthly salary is less than ₹15,000
2 min read21 Oct 2019Labour ministry, EPFO may stick with 8.65% rate for FY19
Retirement fund body to convince ‘higher ups’ to retain rate despite FinMin’s concerns EPFO had raised interest rate on provident fund deposits to 8.65% for 2018-19
3 min read30 Jun 2019Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared