Page 102 - Labor
Retirement age of MP government employees raised
Government employees in Madhya Pradesh will now retire at the age of 62 years instead of 60 years, Chief Minister Shivraj Singh Chouhan announced here on Friday.
Expect to create nearly 1 cr new jobs through enhanced scope of PMRPY: Minister
Union Labour and Employment Minister Santosh Kumar Gangwar on Thursday said the government expects to generate nearly one crore new jobs by bearing the entire contribution of employers towards the Employees' Pension Scheme (EPS) of new employees in the informal sector for the first three years.
Tax-free gratuity ceiling raised to Rs 20 lakh
The government today notified doubling of the limit of tax-free gratuity to Rs 20 lakh in private sector. The notification follows changes in the Payment of Gratuity Act which had empowered the government to fix the ceiling of the retirement benefit through an executive order. The amendment bill approved by Parliament earlier in the month had also empowered the government to fix the period of maternity leave. Accordingly, the central government has fixed the total period of maternity leave in the case of a female employee to 26 weeks. After implementation of the 7th Central Pay Commission, the ceiling of tax-free gratuity amount for the central government employees was increased from Rs 10 lakh to Rs 20 lakh. The unions have been demanding for inclusion of the change in the Payment of Gratuity Act. So far, formal sector workers with five or more years of service are eligible for Rs 10 lakh tax-free gratuity after leaving job or at time of superannuation. The Payment of Gratuity Act, ..
Govt employees demand abolition of CPS
Members of the Joint Action Committee of various associations of the Andhra Pradesh govrnment employees today observed mass fast here today demanding the center to abolish the contributory pension scheme. Speaking on the occasion, K Narasimha Reddy, MLC, asked the political parties to express their view on the new pension scheme.
Sales domain can create 7 lakh jobs in 3 yrs in Delhi-NCR: Report
Sales domain has the potential to create around 7 lakh jobs in Delhi-NCR and one crore across the country over the next three years on the back of a string of reforms initiated by the government, says staffing firm TeamLease Services. "While manufacturing accounted for the bulk of jobs created in some of the developed countries, India's transition from farm-to-non-farm jobs will be spearheaded by the sales domain," TeamLease said. As per its analysis, the sales domain is expected to create at least 1.75 lakh jobs in Delhi-NCR and 25 lakh in India over the said period, without any reforms. The reforms that will spur job creation include consolidation of 44 central labour laws into 4 labour codes, Unique Enterprise Number, employee salary choice, PPC compliance portal, Factories Amendment Bill 2016 and Small Factories Act. Other reforms are amendments in contract Labour and Regulation Act 1970, in Industrial Disputes Act 1947, in Trade Union Act 1926, and the adoption of Model Shops ...
Ex-Microsoft manager lands Responsible Cobalt Initiative role
BEIJING (Reuters) - A former manager for Microsoft Corp in China has been named as the first executive secretary of the Responsible Cobalt Initiative (RCI), which works to address social and environmental risks in the cobalt supply chain.
Thyssenkrupp, Tata Steel venture faces fresh union opposition
DUESSELDORF/FRANKFURT (Reuters) - Plans by Thyssenkrupp and Tata Steel to combine their European steel operations face renewed opposition from German unions, who say the companies' labour agreement in the Netherlands goes too far in protecting work and sites there.
Vacancy in Indian Railways hiked by 20,000
In a bid to create more job opportunities, the Indian Railways announced a 20,000-hike in vacancies in the department.As per an infographic released by the department, the existing 90,000 vacancies in the sector has been increased to 1,10,000, thus creating 20,000 additional job opportunities.The department also notified that over 9,000 jobs would be created in the Railway Protection Force (RPF) and Railway Protection Special Force (RPSF), advertisements for which are slated to be published in May this year.Furthermore, 10,000 additional jobs will be created in L-1 and L-2 categories, the department said.The decision follows a series of changes made in the Railways by Union Minister Piyush Goyal along the lines of improving travel safety, avoiding derailment, electrification, and modernisation of the Indian Railways using new technology.
Cabinet approves enhancing of PMRPY scheme
The Cabinet on Wednesday gave its approval for enhancing the scope of Pradhan Mantri Rojgar Protsahan Yojana (PMRPY).The Government of India will now contribute the employer's full admissible contribution for the first three years from the date of registration of the new employee, and for all the sectors including existing beneficiaries for their remaining period of three years.The informal sector workers would get social safety net and there would be more job creation.Till now, the scheme has produced encouraging results and added about 31 lakh beneficiaries involving an expenditure of more than Rs 500 crore.The PMRPY has been in operation since August 2016. In this scheme, the government is paying 8.33% of the contribution of Employers to the Employees' Pension Scheme (EPS) in respect of new employees (who have joined on or after 1st April 2016) having a new Universal Account Number (UAN), with salary up to Rs 15,000/- per month.The scheme has a dual benefit as on the one hand, the .
CCEA nod to bear expenses for employee's pension contribution for 3 yrs
The Cabinet Committee on Economic Affairs today approved the proposal under the Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) wherein the government will bear expenses of employer's full contribution for pension for the first three years for new employees. The government will now contribute the employer's full admissible contribution for the first three years from the date of registration of the new employees for all the sectors including existing beneficiaries for their remaining period of three years, an official statement said. This will result into benefits to employees of informal sector as they would get social safety net and there would be more job creations also. Till now, the scheme has produced quite encouraging results and has added about 31 lakh beneficiaries to the formal employment involving an expenditure of more than Rs 500 crore. The scheme is in operation since August, 2016. Under this, the government pays the 8.33 per cent contribution of employers to the ...
Scope of PM's Rozgar Protsahan Yojana to be enhanced
The Cabinet Committee on Economic Affairs on Wednesday approved enhancing the scope of Pradhan Mantri Rojgar Protsahan Yojana (PMRPY).
Thyssenkrupp supervisory board to discuss Tata Steel JV - source
DUESSELDORF (Reuters) - Thyssenkrupp's supervisory board will discuss a planned European steel joint venture with Tata Steel at an extraordinary meeting on April 12, a person familiar with the matter told Reuters.
HC-appointed arbitrator junks transport workers' demand
A Madras High Court-appointed arbitrator has called the state's transport corporation employees demand of revising wage by applying 2.57 multiplying factor instead of 2.44 as unjustified. The report of Justice E Padmanabhan, a retired judge of the court appointed to adjudicate the dispute over the quantum of wage revision, was submitted before a bench comprising Justice S Manikumar and Justice M Govindaraj today. Notably, the employees had gone on an indefinite strike since January 3 pressing their demand for wage revision. They had rejected the wage settlement proposed by the state government on January 4 by applying the 2.44 factor, insisting on 2.57 only. The matter was later taken to the high court. However, they withdrew their strike on January 11 firstly by citing the impending harvest festival of 'Pongal' and then after the high court appointed Justice Padmanabhan as the arbitrator to settle their dispute with the government. Justice Padmanabhan in his report said the demand ...
Over 16 lakh Registered Educated Job seekers in Assam
There are 16,65,866 Registered Educated Job seekers and 2,97,510 Registered Unskilled Job seekers in employment Exchanges in Assam as on December 31, 2017, the Assembly was informed today. Of the Registered Educated Job seekers, 3,17,824 are graduate and 5,67,340 are high school pass, Skill Employment and Entrepreneurship Minister Chandra Mohan Patowary said while replying to questions of Rupjyoti Kurmi of the Congress and Aminul Islam of the AIUDF. The Employment Exchange sends names of the registered job seekers to various organisations when they ask for filling up their vacant posts, besides facilitating employment to those undergoing training on various trades in the Industrial Training Institutes across the state, Patowary said.
Centre, ADB ink USD 80 million loan deal
The Asian Development Bank (ADB) and the Government of India on Wednesday signed a USD 80 million loan to help modernise technical and vocational education and training (TVET) institutions and improve the skills ecosystem in the state of Himachal Pradesh.Sameer Kumar Khare, Joint Secretary (Multilateral Institutions), Department of Economic Affairs, Ministry of Finance, signed the loan agreement for the government of India, and Kenichi Yokoyama, Country Director of ADB's India Resident Mission, signed on behalf of the ADB.The project agreement was signed by Dr Basu Sood, Adviser (Planning), Planning Department on behalf of the government of Himachal Pradesh.Speaking on the occasion, Sameer Kumar Khare said that the project will support the skill initiatives of the Government of Himachal Pradesh and help the state step-up the reform and scale-up its skill development efforts.He further said that it will fund short-term and long-term training programs in growth areas including ...
Benefits for Migrant Construction Workers
The States are mandated to utilize the cess fund for the welfare of the BOC workers including migrant construction workers in terms of Section 22(1) of the Act and as such the States have formulated various welfare schemes relating to BOC workers life and disability cover, health and maternity benefits, funeral assistance etc.
ADB okays $80 mn loan for job oriented project in Himachal
Multi-lateral funding agency Asian Development Bank (ADB) has approved USD 80 million loan for hill state Himachal Pradesh to fund modernisation of technical and vocational education and training (TVET) institutions and improve skills ecosystem to help boost employability of the youth. ADB and the central government today inked a USD 80 million loan agreement, signed by Sameer Kumar Khare, Joint Secretary (Multilateral Institutions), Finance Ministry and Kenichi Yokoyama, ADB Country Director in India. "The project will support the government of Himachal's skills policy to guide the reform and scale-up skills development efforts in the state," Khare said. "It will fund short-term and long-term training programmes in growth areas including cars, electronics, pharmaceutical, tourism and hospitality, banking and financial services, healthcare to help state youth enhance their skillsets and get better paying jobs," he said. Manila-headquartered ADB said the state needs more than 5 lakh ...
No proposal to replace National Pension System: Govt
There is no proposal to replace the National Pension System (NPS) with the old pension scheme, the Lok Sabha was informed today. The NPS gives the utmost importance to the welfare of subscribers, Minister of State for Personnel Jitendra Singh said in a written reply. "Representations have been received regarding the implementation of NPS which, inter alia, include the demand that the NPS may be scrapped and the government may re-introduce the old defined benefit pension system," the minister added. The government made a conscious move to shift from the defined benefit pay-as-you-go pension scheme to the defined contribution system, now called NPS, after considering the "rising and unsustainable pension bill", he said. "There is no proposal to replace the NPS with the old pension scheme in respect of central government employees recruited on or after April 1, 2004," he said. The transition also has the added benefit of freeing the government's limited resources for more productive and .
Government of India and Asian Development Bank (ADB) sign $80 Million Loan Agreement to help boost Youth Employability in State of Himachal Pradesh
Shri Sameer Kumar Khare, Joint Secretary (Multilateral Institutions), Department of Economic Affairs, Ministry of Finance, signed the loan agreement for the Government of India, and Mr. Kenichi Yokoyama, Country Director of ADB's India Resident Mission, signed on behalf of ADB. The Project Agreement was signed by Dr. Basu Sood, Adviser (Planning), Planning Department on behalf of the Government of Himachal Pradesh.