Gratuity ceiling for private sector employees to be raised to Rs 20 lakh
Formal sector workers may soon be eligible for up to Rs 20 lakh tax-free gratuity as central trade unions have agreed on the proposal in a tripartite consultation with the Labour Ministry.
Feb 23, 2017, 20:50 PM IST
Labour Min, FinMin agree on 8.65% EPF interest: Dattatreya
Labour Minister Bandaru Dattatreya on Tuesday said 8.65 percent interest rate on EPF deposits for this fiscal will soon be ratified by the Finance Ministry and there is no difference of opinion on the issue.
Feb 14, 2017, 18:58 PM IST
Budget may levy new cess to provide social security to coolies
Government may announce a new cess in the forthcoming Union Budget 2017-18 to cover around 20,000 railway coolies under social security schemes run by the retirement fund body EPFO.
Jan 23, 2017, 15:39 PM IST
Govt to launch campaign to open workers' bank accounts today
Labour Ministry will launch a campaign in association with Department of Financial services to open bank accounts of workers, who do not have one till date, in the organised as well as unorganised sector on Saturday.
Nov 26, 2016, 09:08 AM IST
7,000,000 jobs could disappear in India by 2050, says study
As many as 550 jobs have disappeared every day in last four years and if this trend continues, employment would shrink by 7 million by 2050 in the country, a study has claimed.
Oct 16, 2016, 17:00 PM IST
ESIC to extend services in unorganised sector as well: Bandaru Dattatreya
The Employees State Insurance Corporation (ESIC) will extend its health services to 20 crore workers in organised as well as unorganised sectors in 3 to 4 years, Union Labour Minister Bandaru Dattatreya said on Monday.
Oct 10, 2016, 18:35 PM IST
Employee provident fund may get 8.6% interest in 2016-17 down from 8.8% in 2015-16
Over 4 crore EPFO subscribers may get a lower interest at a rate of 8.6 percent on their PF deposits for current financial year as Labour Ministry is expected to toe the Finance Ministry line to cut the rate.
Sep 11, 2016, 10:42 AM IST
'Govt considering EPFO's voluntary pension scheme proposal'
The Labour Ministry is actively considering proposal of a voluntary pension scheme mooted by the Employees' Provident Fund Organisation (EPFO), a senior government official has said.
Sep 02, 2016, 17:01 PM IST
Govt hikes minimum wage; Unions stick to September 2 nationwide strike call
Seeking to dissuade labour unions from a nationwide strike on September 2, the government Tuesday announced 42 percent minimum wage hike and a two-year bonus, but the trade bodies rejected these measures as "completely inadequate" and stuck to their call.
Aug 30, 2016, 21:02 PM IST
EPFO set to hike proportion of ETF investments
Retirement fund body EPFO will on July 7 take a decision on increasing investments in stock markets through ETFs, as they have started giving returns, Labour Minister Bandaru Dattatreya said Tuesday.
Jun 28, 2016, 15:11 PM IST
Government's U Turn on EPF
The government could give 8.8% interest rate on 2015-16 EPF. to know more watch the full news story.
Apr 29, 2016, 22:28 PM IST
Modi govt revises EPF interest rate again; hikes it to 8.8%
This is the third rollback on EPF. Last month the government was forced to withdraw the Budget proposal to tax a certain portion of withdrawals.
Apr 29, 2016, 17:31 PM IST
Third PF roll-back: Govt raises EPF interest rate to 8.8% from 8.7%
In yet another roll back, Finance Ministry has retracted its earlier decision of lowering the EPF interest rate for 2015-16, and agreed to return to 8.8 percent as earlier.
Apr 29, 2016, 15:41 PM IST
Executive order soon for Rs 10,000 minimum wage for contract workers
The Centre will issue an executive order to ensure contract workers get a minimum wage of Rs 10,000 per month, Union Minister of State for Labour and Employment Bandaru Dattatreya said on Sunday.
Apr 17, 2016, 17:20 PM IST
Some relief for Vijay Mallya: Labour Ministry gives clean chit to Kingfisher Airlines
The Labour Ministry on Tuesday gave a clean chit to Vijay Mallya's now defunct Kingfisher Airlines in connection to non-payment of EPF stating that there was no complaint against the airlines.
Mar 15, 2016, 17:43 PM IST
Labour Ministry to probe Kingfisher Airlines' PF contributions
Beleaguered businessman Vijay Mallya, who is facing legal proceedings for allegedly defaulting on loans of over Rs 9,000 crore from various banks, is currently under scanner by multiple agencies, including CBI.
Mar 13, 2016, 13:37 PM IST
EPFO trustees may fix interest on PF for 2015-16 on Nov 24
Retirement body EPFO's trustees are likely to consider and approve a proposal to fix rate of interest on PF deposits for over five crore subscribers for the current fiscal in their meeting scheduled on November 24.
Nov 07, 2015, 00:09 AM IST
Air India may see another strike as pilots oppose Labour Ministry move
National carrier Air India is staring at yet another industrial unrest with a majority members of one of its pilots' unions favouring a strike against a Labour Ministry notification on exclusion of flight commanders from the workmen category.
Sep 14, 2015, 18:11 PM IST
EPFO panel approves raising insurance cover to Rs 5.5 lakh
Retirement fund body EPFO's panel on its pension and insurance schemes has approved a proposal to increase the maximum amount assured under the EDLI scheme to Rs 5.5 lakh from Rs 3.6 lakh.
Sep 09, 2015, 19:22 PM IST
Myanmar approves first-ever national minimum wage
Myanmar's government has approved the country's first-ever national minimum wage, state media reported Saturday, after months of bitter negotiations with labour groups and employers.
Aug 29, 2015, 14:53 PM IST