Labour Ministry
Industrial 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 ActChandra 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 sectorThe 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 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 DHFLEPF 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 schemeAs 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 2019Centre reduces ESI contribution to 4% for industrial workers
The move will benefit 36 million insured persons and 1.3 million organizationsAfter the revision, employees’ contribution has been slashed from 1.75% to 0.75% of their salary
2 min read14 Jun 2019Amid fund crunch, EPFO shelves plan to double minimum pension
Provident fund body may not demand more funding as model code of conduct ahead of polls is in place ₹150 cr surplus with EPFO. It announced 8.65% interest rate for its 60 million subscribers for FY19
2 min read28 Mar 2019Income tax exemption limit on gratuity doubled to ₹20 lakh: Labour Ministry
The ceiling of gratuity amount under the Payment of Gratuity Act, 1972, has been raised from time to time keeping in view overall economic conditionThe latest enhancement of tax exemption limit on gratuity follows a government notification issued on 29 March, 2018
1 min read7 Mar 2019