-Business Standard The Centre proposed a slew of measures for workers ahead of Labour Day. Suggesting flexibility for employers in hiring and firing labour, it also proposed provisions for a better compensation package. Union Labour Secretary Shankar Aggarwal tells Somesh Jha both workers and employers should be ready for a change demanded by the new dynamism of the economy. Edited excerpts: * How important is rationalisation of trade unions? Unions are formed so...

-The Hindu FM's Budget speech dwelt on agriculture, public investments in infrastructure, manufacturing and social sector spending. States to be equal partners in economic growth; move to making India cashless society; social sector programmes to continue. Some of the challenges mentioned by the Finance Minister are: poor agricultural income, decline in manufacturing ; and the need for fiscal discipline. Here are sector-wise highlights: TAXATION 1 Abolition of Wealth Tax. 2 Additional 2% surcharge for the super...

-The Hindu Business Line ‘Pathetic'situation of the tea garden workers in West Bengal, Assam a major concern Labour reforms for the unorganised sector is a priority for the Narendra Modi government. And steps are being accordingly taken in this regard by the Centre, the Union Minister of State for Labour and Employment, Bandaru Dattatreya, said here. According to him, some of the steps taken include the setting up of the Shram Suvidha Portal...

-Press Information Bureau/ Ministry of Labour & Employment The Union Minister of Labour & Employment, Steel and Mines, Shri Narendra Singh Tomar announced the launch of a guaranteed minimum pension of Rs 1000 per month under Employees' Pension Scheme, 1995. Speaking to journalists at a press conference in here today, he said, the Union Government has decided to organize functions in every office of the Employees Provident Fund Organisation spread across...

-The Business Standard   A CAIU will be set up to analyse and collect field data for a transparent and accountable labour inspection system The Union labour ministry has approved a more liberal inspection scheme aimed at simplifying business regulations and bringing "transparency and accountability" in the system. For this purpose, a Central Analysis and Intelligence Unit (CAIU) will be set up to analyse and collect field data "for a transparent and accountable labour...