Page 5 - Labour Laws

RBI extends PIDF scheme to street vendors under PM SVANidhi programme

Reserve Bank on Thursday extended the scheme for encouraging deployment of Point of Sale (PoS) infrastructure to street vendors covered under the PM SVANidhi programme in tier 1 and 2 centres.

Labour codes: Cos' PF liability to go up, less take-home pay for workers

The four labour codes are likely to see the light of day in a couple of months as the Centre is now keen to go ahead with the implementation of these laws, which among others will result in reduction in take-home pay of employees and higher provident fund liability of companies. Once the wages code comes into force, there will be significant changes in the way basic pay and provident fund of employees are calculated. The labour ministry had envisaged implementing the four codes on industrial relations, wages, social security and occupational health safety & working conditions from April 1, 2021. These four labour codes will rationalise 44 central labour laws. The ministry had even finalised the rules under the four codes. But these could not be implemented because many states were not in a position to notify rules under these codes in their jurisdiction. Labour is a concurrent subject under the Constitution of India and therefore both the Centre and states have to notify rules ...

Indian workers building temple in New Jersey allege harassment, violations

Lawsuit alleges employer forced them to work on temple for more than 87 hours a week for $450 a month.

Adrift in April

Low employment rates and low labour participation rates leave enough people free to participate in endless political rallies and mammoth religious congregations

Wrong narratives are created to create political instability, says PM Modi

Prime Minister Narendra Modi on Tuesday said lies and rumours are being spread by the opponents of the Bharatiya Janata Party (BJP) to create political instability in the country

Three mantras for informal sector

By some accounts, the informal sector accounts for more than 80 per cent of the workforce and 50 per cent of the GVA in India

Haryana IT firms fear state's local hire law, predict severe impact: Study

80 per cent companies said that the law will hurt their business and investments plans, according to Nasscom survey

India Inc figures out new salary structures to meet labour codes

The new definition under the Code of Wages, 2019, includes three components: Basic pay, dearness allowance and retention payment.

New tack on economic policy: Why's Modi govt going against its natural instinct?

The promise of a less suspicious govt is surprising. What about the disconnect between the new business stance and earlier push to dictate the narrative in politics and public life, wonders T N Ninan

Four-day week likely for some firms as final rules of labour codes are set

Working hours cannot go beyond 48. Those who give a four-day week will have to provide three consecutive holidays after that

Google unions form global alliance representing 20 million employees

Alpha Global will fight for the rights of full-time Alphabet employees as well as temporary, vendor and contract workers, UNI Global said

Carlsberg India probes find 'potential improper payments', child labour

The findings cast a fresh shadow on operations and compliance practices at the Indian joint venture of Danish brewer Carlsberg A/S

Need worker protection, migrant data: Will labour laws drive job creation?

We take a look at what transpired on the jobs and labour fronts in 2020 and what experts have to say as we step into 2021

The irony of microeconomics: Excess supply and a study of scarcities

How has economics built the excess supply of land, labour, capital and product into its formal analytical structure which, even now, is predicated on the study of scarcities? The answer is, it hasn't

Industry lobby seeks clarity on draft rules under four new labour codes

New rules silent on treating benefits like medical allowance and rent free accommodation as part of wages

Wistron controversy unlikely to impact Apple's expansion plans in India

From a small exports market that played second fiddle to the markets in North America, Europe and China, India now features at the top of Apple's priority list

Best of BS Opinion: Wistron violence, India's two looming challenges & more

Here's a selection of Business Standard opinion pieces for the day

Amazon faces charges of illegally firing warehouse worker in US

Amazon is facing charges of violating labour laws in the US for firing warehouse worker Courtney Bowden of Pennsylvania.

Not your grandfather's manufacturing

While announcing its policies, the government needs to keep in mind that global manufacturing is also changing

Best of BS Opinion: Labour productivity, dependence on China, and more

Here are the Best of BS Opnions for today