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Labour minister to launch software for surveys today Labour Minister Santosh Gangwar will launch s...
EPFO has launched an electronic facility for principal employers to view EPF compliances of their co...
ESI Corporation, claim process under Atal Beemit Vyakti Kalyan Yojana further liberated Atal Beemit ...
EPFO: Interest on your PF contributions over Rs 2.5 lakh to be taxed Interest on employee contributions to provident fund over Rs 2.5 lakh per annum would be taxed from April 1, 2021, a move aimed at taxing high-value depositors in the EPF. Finance Minister Nirmala Sitharaman said the Employee Provident Fund (EPF) is aimed […]
EPFO is likely to hike wage ceiling for PF deduction to Rs 21,000 from Rs 15,000 The government of India is likely to increase the monthly wage ceiling of mandatory EPF soon. The report suggests that it will be hiked from Rs 15,000 to RS 21,000. Accoring to a report by Zee News, a meeting […]
EPFO net new enrolments dip to 10.11 lakh in November Net new enrolments with retirement fund body EPFO slipped to 10.11 lakh in November from 10.56 lakh in October 2020, according to its latest payroll data released on Wednesday, providing a perspective on formal sector employment amid the coronavirus pandemic. Provisional payroll data released by the Employees’ […]
The year 2020 will be remembered as a year for devastation, Job loss and exodus of Migrant labourers. There are many good things also happening amid this situation of crisis, Introduction of Four Labour codes was one of them. Labour codes mitigate the generation gap of seven decades, where the emphasis is much on practising […]
EPFO settles 56.79 lakh COVID-19 advance claims, releases over Rs 14,000 cr till Dec 2020 Retirement fund body EPFO has settled 56.79 lakh COVID-19 non-refundable advance claims, and has disbursed Rs 14,310 crore till December 31, 2020, reflecting the adverse impact of the pandemic on the formal sector workforce. When the coronavirus-induced lockdown was imposed […]
Uniform definition of ‘Wages’ under 4 new Labour Codes and its Impact: Parizad Sirwalla, Partner KPMG Labour laws in India are traditionally governed by multiple Central government and state government legislations. With a view to harmonise and consolidate such multiple labour legislations, 29 existing Central laws have been amalgamated into four labour codes. These codes regulate […]
The three-judge Bench headed by Justice U.U. Lalit will consider the petitions on January 18, Monday After an interval of 21 months, the Supreme Court will be considering the review petition filed by the EPFO (Employees Provident Fund Organisation) against the apex court verdict on the pension and the appeal filed by the Ministry of […]
Budget 2021: Labour Ministry recommends reducing PF Contribution The Ministry of Labour and Employment has suggested bringing down the rate of contribution by companies towards the pension and provident fund scheme administered by the EPFO in the upcoming union budget 2021. It may increase the take-home salary of the employees but may cause loss to […]
Gujarat amendment to Industrial Disputes Act gets presidential nod As per Industrial Disputes Act 1947, establishments having 100 or more workers are required to seek prior permission of the state government before effecting layoff, retrenchment, or closure, while the amendment has raised the employee limit to 300. Gujarat’s amendment to the Industrial Disputes Act that […]
Labour Ministry likely to give shape to National Employment Policy The Ministry of Labour and Employment is likely to give a shape to the National Employment Policy (NEP) by December this year following the implementation of four labour codes and completion of four major surveys, including one one migrant workers. The NEP will draw a […]
ESI Corporation: Major Initiatives Taken in 2020 Employee’s State Insurance Corporation (ESI Corporation) has entered into a partnership with National Health Authority (NHA) running Ayushman Bharat – Pradhan Mantri Jan ArogyaYojana (AB PM-JAY) which will create an ecosystem wherein beneficiaries of ESI Scheme of selected districts in newly implemented area shall be able to access […]
EPFO: Major Initiatives Taken in 2020 Ministry of Labour and Employment has initiated major reforms in labour laws to ensure safety, security and health for every worker with transparency and accountability. During the tough time of Covid-19, many e-governance measures were introduced to simplify the entire EPFO claim process and by the same time, Pradhan Mantri […]