-The Indian Express The objective is to ensure that a standard minimum wage rate exists for all kinds of occupations. The government is seeking to significantly boost incomes of the country’s lowest paid workers by substantially raising the minimum wages payable to them, mandating payments through formal banking channels and ensuring they get social security benefits like provident fund and medical insurance. Fresh amendments are being readied to incorporate these changes to...

-Business Standard No consensus as yet on social security code  Even though the Indian Labour Conference (ILC) could not build a consensus on forming a labour code on social security schemes, it recommended a slew of measures to broaden their coverage. The two-day conference, a tri-partite platform of trade unions, industry and the government, concluded here on Tuesday with a series of recommendations. It recommended that Employees' State Insurance Corporation (ESIC) coverage be expanded...

-The Hindu Business Line The Atal Pension Yojana is intended as a safety net for workers in the informal sector The Atal Pension Yojana (APY), like the National Pension System (NPS), seeks to provide monthly pension to subscribers from the age of 60. While the APY is open to all citizens of India between 18-40 years, it is focussed on workers in the unorganised sector. Guaranteed pension The scheme has been tailored to make it...

-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...

-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...