Labour Ministry

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Labour Ministry - Total results - 60
EPFO releases Rs 868 crore pension along with Rs 105 crore arrear for commutation
Business

EPFO releases Rs 868 crore pension along with Rs 105 crore arrear for commutation

Retirement fund body EPFO on Monday said it has released Rs 868 crore pension along with Rs 105 crore arrears on account of restoration of commuted value of (higher) pension

Employees' Provident Fund contribution can go higher than 10%, not of employers: Labour ministry
Business

Employees' Provident Fund contribution can go higher than 10%, not of employers: Labour ministry

Last week, Finance minister Nirmala Sitharaman had announced the reduction of statutory provident fund contribution by both employers and employees for the next three months to 10 percent of basic wages from 12 percent.

Coroanvirus Lockdown: EPFO allows employers to register digital signatures through e-mail
Business

Coroanvirus Lockdown: EPFO allows employers to register digital signatures through e-mail

Retirement fund body EPFO on Wednesday allowed employers to register their digital signatures online through e-mail, in view of the lockdown to combat COVID-19, according to a labour ministry statement

Coronavirus Outbreak: EPFO settles 1.37 lakh PF withdrawal claims worth around Rs 280 cr to ease lockdown woes
Business

Coronavirus Outbreak: EPFO settles 1.37 lakh PF withdrawal claims worth around Rs 280 cr to ease lockdown woes

Retirement fund body EPFO on Friday said it has settled 1.37 lakh provident fund withdrawal claims worth Rs 280 crore to provide relief to subscribers during the lockdown

Karnataka IT employees denounce retrenchment, salary cut during lockdown; seek Centre's intervention
Business

Karnataka IT employees denounce retrenchment, salary cut during lockdown; seek Centre's intervention

The employees union extended all support to the affected employees and requested them to refuse to resign if asked to do so by the managements.

Labour ministry relaxes EPF norms; subscribers can withdraw up to 3 months of basic pay, dearness allowance in wake of lockdown
Business

Labour ministry relaxes EPF norms; subscribers can withdraw up to 3 months of basic pay, dearness allowance in wake of lockdown

In its communication, the EPFO has stated that officers and staff must process claims of EPF subscribers promptly so that relief reaches the worker and his family to help them fight with COVID-19.

Labour ministry keen to retain 8.65% interest rate on employees provident fund deposits for 2019-20
Business

Labour ministry keen to retain 8.65% interest rate on employees provident fund deposits for 2019-20

The labour ministry is keen to retain an interest rate of 8.65 percent paid on provident fund deposits to around six crore subscribers of retirement fund body EPFO for the current financial year, a source said

Labour Ministry implements EPFO's decision to restore pension commutation; to benefit 6.3 lakh pensioners
Business

Labour Ministry implements EPFO's decision to restore pension commutation; to benefit 6.3 lakh pensioners

The labour ministry has implemented retirement fund body EPFO's decision to restore pension commutation under the Employees' Pension Scheme, a move that will benefit 6.3 lakh pensioners

Govt to reduce time taken for starting business; to introduce integrated electronic form from 15 February
Business

Govt to reduce time taken for starting business; to introduce integrated electronic form from 15 February

Currently, the ministry has the electronic form SPICe (Simplified Proforma for Incorporating Company Electronically) and that would be replaced with SPICe+.

Adivasis and the Indian State: Tribal groups particularly vulnerable to bonded labour, strict enforcement needed to prevent exploitation
India

Adivasis and the Indian State: Tribal groups particularly vulnerable to bonded labour, strict enforcement needed to prevent exploitation

People from Scheduled Tribes in rural areas are often lured with petty sums to work in labour-intensive units, and then treated like cattle.

Labour Minister Santosh Kumar Gangwar says 8.65% interest on Employees' Provident Fund to be notified soon
Business

Labour Minister Santosh Kumar Gangwar says 8.65% interest on Employees' Provident Fund to be notified soon

The labour ministry will soon notify 8.65 percent rate of interest on Employees' Provident Fund (EPF) for 2018-19 as the finance ministry does not disagree on this rate, said Labour Minister Santosh Kumar Gangwar on Friday

Finance ministry asks EPFO to reduce annual fund payout of 8.65% amid fears about lending crunch
Business

Finance ministry asks EPFO to reduce annual fund payout of 8.65% amid fears about lending crunch

EPFO, which is administered by the labour ministry, announced just before the recent April-May general election that it would pay the rate for the last financial year ending 31 March 2019, up from 8.55% in the previous year.

Govt reduces ESI contribution rate to 4% from existing 6.5%, industry to save Rs Rs 5,000 crore annually
Business

Govt reduces ESI contribution rate to 4% from existing 6.5%, industry to save Rs Rs 5,000 crore annually

The reduced rates will be effective from 1 July, 2019, the Labour Ministry said in a release. This would benefit 3.6 crore employees and 12.85 lakh employers

World Day Against Child Labour 2019: Experts rue lack of govt response to concerns over 'family enterprises' clause in Indian law
India

World Day Against Child Labour 2019: Experts rue lack of govt response to concerns over 'family enterprises' clause in Indian law

World Day Against Child Labour 2019: In India, 12 percent of all children are engaged in some form of child labour, according to a 2017 UNICEF report.

Income tax exemption limit on gratuity doubled to Rs 20 lakh from Rs 10 lakh: Labour ministry
Business

Income tax exemption limit on gratuity doubled to Rs 20 lakh from Rs 10 lakh: Labour ministry

The ceiling of gratuity amount under the Payment of Gratuity Act, 1972, has been raised from time to time

Income tax exemption limit on gratuity doubled to Rs 20 lakh from existing Rs 10 lakh: Labour ministry
Business

Income tax exemption limit on gratuity doubled to Rs 20 lakh from existing Rs 10 lakh: Labour ministry

The labour ministry's move will benefit employees who are not covered by the Payment of Gratuity Act, 1972.

PM-SYM pension scheme subscription to cross one-crore mark soon; 2.36 lakh service centres set up: Ravi Shankar Prasad
Business

PM-SYM pension scheme subscription to cross one-crore mark soon; 2.36 lakh service centres set up: Ravi Shankar Prasad

According to the labour ministry portal, as many as 10.95 lakh workers have already subscribed to the PM-SYM pension scheme.

EPFO hikes interest rate on provident fund deposits to 8.65% for 2018-19; 6 crore subscribers to benefit: Govt
Business

EPFO hikes interest rate on provident fund deposits to 8.65% for 2018-19; 6 crore subscribers to benefit: Govt

The EPFO had provided a five-year low rate of interest of 8.55 percent to its subscribers for 2017-18.

Prakash Javadekar’s claim and defence on India’s unemployment problem rings hollow from the word go
Business

Prakash Javadekar’s claim and defence on India’s unemployment problem rings hollow from the word go

By playing down the unemployment problem, Javadekar hasn’t done nothing but what is expected of him