The coal ministry announced in June 2023 that it has accepted a salary adjustment deal struck with trade unions for non-executive workers of Coal India.
The inclusion of the agenda item of the Central Board of Trustees’ (CBT) to make PF contributions voluntary for the garment and made-up sectors has raised doubts on the government’s long-term intent on provident fund structure.
As per projections, while 8.65 percent will leave the EPFO with a slight surplus for the year, an 8.8 percent rate of interest would result in a deficit of around Rs 200 crore, said sources.
The All India Trade Union Congress (AITUC) today came out strongly against the central government for its steps to privatise 22 public sector undertakings, terming them "anti-people policy of strategic sale".
Labour Minister Bandaru Dattatreya met representatives of a dozen central trade unions yesterday to apprise them about steps being taken regarding their demands.
According to the statement, the model law will permit establishments in states to have 9 or more working hours and allow women in night shifts, which will endanger their security.
Trade unions today gave call for day-long nationwide protest on Friday against Finance Ministry's decision to fix 8.7 per cent interest rate for provident fund subscribers, lower than 8.8 per cent decided by the EPFO.
The Commission, in its recommendations, has favoured introduction of a health insurance scheme for staff and pensioners and doubling the gratuity ceiling to Rs 20 lakh.
Criticising Union Finance Minister P Chidambaram's call for consolidation in the banking sector, CPI leader Gurudas Dasgupta dubbed him as an "all-time low finance minister," and said that the party would oppose any such move.
Four of the five trade unions of mining major Coal India Ltd have placed their wage demand with the management.
From the Honda unrest in 2005 to the Maruti strike in 2011, industrial relations in Haryana have gone from bad to worse.
Arvind Kapur, managing director, Rico Auto Industries talks to CNBC-TV18 about the latest happenings in his company and the auto ancillary sector.
Workers in up to 65 factories in the Gurgaon-Manesar industrial belt commenced a two-hour tool-down strike this morning in support of their colleagues at Maruti Suzuki India's Manesar plant, where a crippling strike entered its 11th day today.
In an interview on CNBC-TV18, secretary of the All India Trade Union Congress (AITUC), VL Sachdeva said that the Haryana state government was actively working to get the strike issue resolved urgently. He said workers will be persuaded to makeup for the loss by working extra hours.
All India Trade Union Congress (AITUC) on Wednesday said it will stage a ''satyagraha'' on June 9 outside the entrance of Maruti Suzuki India's Manesar plant, where the workers are on strike for the last five days.