-The Economic Times The labour ministry has moved a Cabinet note saying the government should raise the monthly pension for organised-sector workers to Rs 1,000 and fund the differential, despite the proposal cutting no ice with finance ministry. The Cabinet note, moved by Labour Minister Mallikarjun Kharge, has put out three options, but his ministry is keen that the burden of providing the extra pension does not fall on employees. "We have proposed...
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Dipankar Mukherjee passes away
-The Hindu Renowned trade union leader Dipankar Mukherjee (69), who passed away on Monday morning, was a brilliant parliamentarian with versatile capabilities. Elected to the Rajya Sabha in April 1994 from West Bengal as a Communist Party of India (Marxist) member, Mr. Mukherjee played an important role in intervening in all crucial economic and industrial policy-related issues during his 12-year-long parliamentary stint till 2006. Born in June 1943 in Kolkata, Mr. Mukherjee had...
More »India has no room for its wandering builders-Moushumi Basu
The exploitation of migrant construction workers has grown alongside the expansion of the industry. It's time the government got serious about upholding the law. A recent report in The Hindu on the violation of labour laws at a massive construction site belonging to the Army Welfare Housing Organisation in Bangalore raises yet again the repeated neglect of regulations relating to the employment and welfare of workers by construction companies in India. For...
More »Trade unions pitch for worker-oriented Budget
-The Hindu Suggest “necessary preventive” measures to safeguard the interest of workers Trade union groups on Monday pitched for a worker-oriented Budget for 2012-13 aimed at removing poverty and unemployment and suggested “necessary preventive” measures to safeguard the interests of workers. At their meeting here with Finance Minister Pranab Mukherjee — the second in the series of the customary pre-Budget consultations — representatives of trade unions (TUs) proposed that wages of contract labour...
More »Nod for 26% FDI in pension funds by Remya Nair
The govt has thus rejected the recommendation of the parliamentary standing committee on finance that the 26% FDI cap be a part of the Bill The cabinet on Wednesday cleared amendments to the Pension Fund Regulatory and Development Authority Bill, 2011, capping the overseas investment limit in the sector at 26%, but retaining the flexibility to raise this limit by stating that it would not form a part of the legislation. The...
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