LABOUR MINISTER
Bengal CM announces Rs 5,000 aid for 19,524 tea garden workers ahead of Diwali
West Bengal Chief Minister Suvendu Adhikari announced financial assistance of Rs 5,000 for tea garden workers. The government is considering increasing rice allocation from 35 kg to 50 kg for these workers. Adhikari emphasized the commitment to reopen closed tea gardens for better employment opportunities. He also mentioned upcoming employment benefits under the Pradhan Mantri Chaa Shramik Yojana for eligible workers.
Is EPFO set to invest in startups, AIFs? Report says provident fund body is working on guidelines
Employees' Provident Fund Organisation plans to establish rules for investments in alternative investment funds. The organization is considering allocating up to 3% of new annual accretions to AIFs for diverse investments.
EPFO plans to invest in startups, AIFs five years after govt approval
The Employees Provident Fund Organisation is working on guidelines for investing in alternative investment funds for better portfolio diversification. The proposed allocation could be up to 3% of fresh annual accretions to these funds. This decision follows recommendations for EPFO's participation in the Startup India Fund of Funds 2.0. Proposed safeguards will include limits on individual fund exposures and minimum corpus requirements.
Keralam to form special committee with trade union representatives on labour codes; report due in 10 days
Keralam government is forming a special committee that will include trade union representatives to review Labour Codes. This committee will submit recommendations within ten days regarding the state's rules implementation. Chief Minister V D Satheesan emphasized the need for protecting workers' interests during the meeting. All trade unions will be invited to provide their suggestions for amendments to the draft prepared in 2021.
Indian Navy inducts multi-purpose INS Samarthak, a drone mothership and weapons testbed, the first major warship built by a private shipyard
Samarthak, the first multi-purpose vessel built by a private shipyard to be commissioned into the Indian Navy, has entered service with more than 75% indigenous content. Built by L&T, it will support weapons and sensor trials, maritime surveillance, unmanned systems, disaster relief and emergency response at sea.
EPFO launches WhatsApp channel for PF updates: How to join official channel and what information you can get
The Employees Provident Fund Organisation has introduced a dedicated WhatsApp channel for its members. This innovative service delivers crucial updates and pertinent information straight to users' devices. Members can explore educational resources on different EPF topics via this channel.
AI will not lead to job losses: Labour Minister Mansukh Mandaviya
Labour Minister Mansukh Mandaviya informed Parliament on Monday that the adoption of artificial intelligence (AI) will not lead to job losses in India. Instead, he emphasized that this emerging technology will create new employment opportunities. He was responding to a query about potential job losses due to AI by Kalyan Banerjee of the All India Trinamool Congress in the Lok Sabha.
Taiwan: Labour Minister regrets statement on Indian migrant workers, extends formal apology
Taiwan's Labour Minister, Hsu Ming-chun, has apologized for her remarks about the planned recruitment of Indian migrant workers, which some have deemed as racist. Minister Hsu had stated that workers from northeastern India would be prioritized because of their similar skin color and dietary habits. However, she expressed regret for her comments and clarified that Taiwan's labor policies aim for equality and non-discrimination.
8.65% interest on EPF to be notified soon: Labour Minister
In February, the Central Board of Trustees, headed by the labour minister, had decided to raise the interest rate on EPF to 8.65% for 2018-19.
No proposal to cut maternity benefits: Labour Minister
The labour ministry has prepared a draft on 'Labour Code on Social Security and Welfare, 2017' and placed it on ministry's website in March this year, inviting comments from public.
EPFO may invest up to 12% in equity markets: Labour Minister
The Finance Ministry has given its consent to the EPFO to invest from 5 per cent to 15 per cent of the investable income of the organisation every year.
Labour Minister Bandaru Dattatraya asks Arvind Kejriwal to clear dues of over Rs 1,100 crore
ESIC provides medical care facility to its beneficiaries. Since health is a state subject, this facility is provided by respective state governments, the Labour Ministry said.
Labour Minister welcomes passage of Payment of Bonus Bill
Welcoming passage of the Payment of Bonus Bill in Rajya Sabha, Labour Minister Bandaru Dattatreya said it will benefit workers whose wages are below Rs 21,000 a month.
EPFO planning housing scheme for members: Labour Minister
Retirement fund body EPFO is considering a scheme for its subscribers so that they are able to own a house by retirement, Labour Minister Bandaru Dattatreya said.
India providing social security cover to unorganised workers: Labour Minister
While delivering a speech during the 104th Session of the International Labour Conference at Geneva yesterday, the minister said.
Deficit in EPS fund not matter of concern: Labour Minister
Dattatreya said the membership of the Fund has been restricted to employees whose wages at the time of joining is at or below the wage ceiling of Rs 15,000 per month.
No more ESI medical colleges: Union Labour Minister Narendra Singh Tomar
Union Labour Minister Narendra Singh Tomar today said the one proposed at Bhubaneswar would be established as it was already decided.
Labour ministers to attend conference in capital on September 27
State labour ministers will meet in New Delhi on September 27 to discuss ways to ensure industrial harmony and labour law implementation.
G20 Labour Ministers meet in September
Issues related to employment generation and strengthening social protection would figure prominently at the G20 Labour Ministers meet in September this year.
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