-The Telegraph Labour minister Santosh Gangwar said that Rs 178 would be the minimum wage New Delhi: An existing tripartite advisory committee of employers, Employees’ unions and state government officials will determine a national-level minimum wage that will be binding on all states after the passage of a draft law, the Centre said on Wednesday. Labour minister Santosh Gangwar had last week said that the government would table a Code on Wages Bill...
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Union cabinet approves bill to merge 13 labour laws into single code
-Hindustan Times The OSH Code is the second major labour reform approved by the government. It cleared the Wage Code last week that contained “provisions of minimum wages and payment of wages to cover Employees in both the organised and unorganised sectors. The Union Cabinet on Wednesday approved the Occupational, Safety, Health and Working Conditions Code, also known as the OSH Code, that seeks to merge 13 central labour laws into a...
More »Why young, not ageing, firms can spur job creation -Dhirendra Tripathi
-Livemint.com * Contrary to popular belief, the Economic Survey 2019 says “dwarfs”—over 10-year-old firms with less than 100 Employees—which account for a majority of firms in organized manufacturing, hold back job creation and productivity * Mint explains why it is so and the way out How do small and young firms fare in terms of job creation? The Economic Survey says the contribution of small firms to output and employment in the manufacturing sector...
More »Bengal IT Employees apply for trade union registration
-IANS * The Kolkata Forum for IT Employees said there has been a number of incidents of unfair labour practices in the past * There are 1.8 lakh Employees working in the IT industry in West Bengal The Kolkata Forum for IT Employees on Saturday said it has applied to the West Bengal government for trade union registration in the Information Technology and ITes, Business Process Outsourcing and Knowledge Process Outsourcing industry in...
More »Government reduces ESI contribution rate to 4%, industry to save Rs 5,000 crore annually
-PTI NEW DELHI: The government on Thursday announced a cut in contributions made by employers and Employees toward the health insurance scheme of Employees' State Insurance Corporation (ESIC) to 4 per cent from the existing 6.5 per cent, a move which would lead to an estimated annual saving of around Rs 5,000 crore for firms. The reduced rates will be effective from July 1, 2019, the labour ministry said in a release....
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