Explore the latest Labour Law news, trends, AI innovations, HR analytics, and digital workplace insights. Stay updated with expert opinions and industry developments.
According to a Livemint report, The EPFO has launched a new online feature date of exit...
The benefits of the provident fund should be extended to contractual employees, the Supreme Court ha...
The inclusion of gig workers in new labour laws, offering millions of informal workers...
The Employees’ Provident Fund Organisation (EPFO) may reduce the interest rate to its subscribers by 15-25 basis points, leading to lower returns for the financial year ending March 31, 2020. This comes in the wake of EPFO offering its subscribers an interest of 8.65% in 2018-19 fiscal after taking seven months to convince the finance ministry of […]
The labour ministry plans to launch a new portal ‘Santusht’ in Jan 2020 for the speedy redressal of worker as well as employer grievances and ensuring effective implementation of labour laws at the grassroots level. Initially, Santusht (Hindi for satisfied) would monitor all services provided by retirement fund body EPFO and health insurance and services […]
The labour ministry will enforce the retirement fund body EPFO’s decision to restore pension commutation, or advance part-withdrawal, under the Employees’ Pension Scheme from January 1, 2020, a move which will benefit 6.3 lakh pensioners, PTI reports. These 6.3 lakh pensioners had opted for commutation of their pension and got a lump sum amount at […]
As per a report in Business Standard, The government is planning to implement all the four labour codes on a single date in 2020-21 because the government believes that a single date for the implementation of all the four labour codes will be fruitful because it will ensure uniformity and will lead to efficient execution. […]
Definition of Wages Definition of Wages under the Code is defined as all remuneration whether by way of salaries, allowances or otherwise. This includes – basic pay, dearness allowance and retaining allowance, if any. However, it excludes certain specified compensation items such as value of housing accommodation, conveyance allowance, leave travel allowance etc. If the […]
Labour minister Santosh Kumar Gangwar, on Wednesday, introduced the Social Security Code Bill, 2019 in Lok Sabha, paving way for universalization of social security for 50 crore workers in the country. Union Cabinet had approved the bill last week. The bill seeks to establish a social security fund and tap the corporate social responsibility fund […]
Millions of organized sector employees may soon have the option of reducing their provident fund contribution; currently at 12% of basic salary and therefore increase their takehome pay. Labour ministry officials said this provision is part of the Social Security Code Bill, 2019, approved by the cabinet and expected to be tabled in Parliament this […]
The Government approved the IR Code, 2019 that proposes to retain the threshold of 100 employees to impart flexibility to firms for retrenchment, but it has a provision for changing ‘such number of employees’ through notification. IR Code proposes to amalgamate- The Trade Unions Act, 1926, The Industrial Employment (Standing Orders) Act, 1946, and The […]
The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval for introduction of the Industrial Relations Code, 2019 which is the third & the most contentious labour law amendments. This code allows companies to hire workers on a fixed-term contract of any duration. The code has retained the threshold on the worker […]
The Government of Karnataka on Wednesday issued an order to scrap the law that bans employing women in night shifts in factories, subject to certain security conditions. The order issued by the government says that women can work during night shifts (between 7 p.m. and 6 a.m.) in places registered under the Factories Act, 1948. […]
According to Labour & Employment Minister Santosh Gangwar, The central government is planning to introduce ‘One Nation, One Pay Day’ system. Gangwar said there should be a pan-India single wage day every month across various sectors to ensure that workers get timely payment of salaries. Prime Minister Narendra Modi is keen on this legislation to […]
According to ET reports, EPFO may soon give members an option to start drawing their pension once they turn 60 instead of 58 currently. The proposal to increase the superannuation age for drawing pension under the scheme is expected to help a beneficiary grow his/her pension kitty, while also aiding the pension fund in reducing […]
