-Vikalp.ind.in Ministry of Labour & Employment, Govt. of India has amalgamated all the existing social security legislations into a Code. The proposed draft Code on Social Security is presently being referred to Parliamentary Standing Committee on Labour for examination. This commentary highlights the salient features of the proposed code and discusses the areas of improvement and concerns. After considerable period of deliberations and consultations, the union government has circulated the draft...
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867,964 people joined formal workforce in November, shows payroll data -Prashant K Nanda
-Livemint.com * The number was better than October when 686,158 people joined the formal work but less than any other months in the current financial year * In July it was 1.2 million, and in June it was 1.18 million, in May it was 1.01 million and in April it stood at 1.06 million NEW DELHI: At least 867,964 new people joined the formal workforce in November 2019, an improvement from the month...
More »UPPCL EPF investment scam: Addresses of 5 out of 14 brokerage firms found fake -Rohit K Singh
-Hindustan Times In a startling revelation, the addresses of five out of 14 investment brokerage firms – hired by UP Power Corporation Limited (UPPCL) authorities for investment of employees’ Provident Fund – were found to be fake, said senior officials UP police’s Economic Offences Wing (EOW). These 14 firms were hired by UPPCL authorities since March 2017 for investment of employees’ PF in Mumbai-based Dewan Housing Finance Corporation Limited (DHFL), said an...
More »Give us your SC/ ST numbers: Govt to firms under EPFO -Aanchal Magazine & Sunny Verma
-The Indian Express Through this month, regional Provident Fund offices have been sending out queries in a specified format to companies seeking “employment data of the proportion of SC & ST employees in total employment”. THE MINISTRY of Labour and Employment has kicked off a survey that requires establishments contributing to the Employees’ Provident Fund Organisation (EPFO), including from the private sector, to furnish information on the number of SC and...
More »Govt proposes to hand over EPFO corpus of Rs 10 lakh crore to a central body
-The Economic Times Labour ministry proposes to hand over reins; dedicated funds for Provident Fund, pension & insurance schemes to be administered by a Central Board. NEW DELHI: The labour ministry has proposed to hand over control of the over Rs 10 lakh crore corpus of Provident Fund, pension and insurance schemes under the Employees’ Provident Fund Organisation (EPFO) to a central body, which will have a central government-appointed chairman. Unlike the...
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