News: The union labour ministry proposes to come out with four labour codes in the areas of wages, industrial relations, social security and working conditions to strengthen safety and social security of workers. The Government is holding tri-partite meetings with representatives of trade unions, employers and Central and State governments ...
Read More »Modi to launch India’s biggest labour overhaul in decades
News: Prime Minister Narendra Modi is preparing to launch India’s biggest overhaul of labour laws since independence in a bid to create millions of manufacturing jobs, at the risk of stirring up a political backlash that could block other critical reforms. The ministry is drafting a bill for the upcoming parliamentary ...
Read More »EPFO upgrades new PF Offices to the North-Eastern Region
The Employees Provident Fund Organisation(EPFO) has upgraded the District Offices / Services Centres in Gangtok, Imphal, Aizwal, Itanagar and Dimapur to special state offices. The Special State Office shall be headed by an Assistant P.F. Commissioner level officer and would have an Enforcement Officer and other supporting staff. The special ...
Read More »Smart card for unorganised sector workers soon
News The Centre would soon issue smart cards to the workers of the unorganised sector to enable them to access a number of social security benefits, Union Minister Bandaru Dattatreya said. Government would give them U-WIN (Unorganised Worker Identification Number) card to access the benefits and a portal would be ...
Read More »Investment upto 5% of EPFO corpus in stock markets allowed
News Labour ministry has notified the new investment pattern for the Employee Provident Fund Organisation (EPFO). The new pattern allows the retirement fund body to invest 5% of its incremental income in Exchange Traded Funds (ETFs) from the current financial year. The limit of investment in ETFs, starting from 1% ...
Read More »Government to Ensure Transparent Admin of Social Security Schemes
News Government is making efforts to ensure transparent and swift administration of social security schemes through e-initiatives for employees and employers, Labour Minister Bandaru Dattatreya said. He appreciated new initiatives by Employees’ Provident Fund Organisation (EPFO), including allotment of Universal Account Number to all EPF subscribers. The retirement fund body ...
Read More »