Food inflation stood at 5.49 percent in June 2020 as against 5.88 percent in the previous month and 5.47 percent during the corresponding month a year ago.
Similarly, as per the data, food inflation stood at 5.88 percent against 6.56 percent in the previous month and 5.21 percent in May 2019.
"Point to point rate of inflation based on the CPI-AL (agriculture labourers) and CPI-RL (rural labourers) decreased to 8.40 percent and 8.12 percent in May 2020 from 8.80 percent and 8.52 percent, respectively in April 2020," the labour ministry statement said.
The Labour Bureau is a wing in Ministry of Labour & Employment, which collects and process data like retail inflation, employment etc.
The ministry on Monday notified lower rates of provident fund contribution at 10 percent, increasing the in-hand salary of 4.3 crore provident fund subscribers.
The committee in its report on the proposed Industrial Relation Code 2019 submitted to the Lok Sabha Speaker earlier this week stated, "Threshold be increased accordingly in the Code itself and the words ''as may be notified by the Appropriate Government'' be removed because reform of labour laws through the executive route is undesirable."
A provision for withdrawal from the EPF Scheme to fight COVID-19 pandemic was announced by the government and an urgent notification issued, providing for non-refundable withdrawal to the extent of basic wages and DA for three months or up to 75 percent of the amount standing to member's credit in the EPF account, whichever is less.
The Labour Ministry on Tuesday said it has set up 20 control rooms on pan-India basis to address wage-related grievances and to mitigate problems faced by migrant workers.
Under the commutation, monthly pension used to be cut by one-third for the next 15 years and the reduced amount was given in lump sum. After the 15 years, pensioners were entitled to get the full pension.
This amount is only till March 2019 and the dues have since risen in the following months as the government faces continued financial pressure
The EPFO has been settling EPF withdrawal claims at 8.55 percent interest rate, approved for 2017-18.
Increasing take home salary by lowering employees’ mandatory contribution to PF is like enjoying today and leaving little for the rainy days
The Maternity Benefits (Amendment) Act, 2017, increased the maternity leave from 12 weeks to 26 weeks
A senior labour ministry official said that the concerns of the finance ministry would be considered and the issue soon resolved.
The NDA government hasn’t officially made public the NSSO report on jobs, which pegged unemployment at a 45-year-high of 6.1 per cent in 2017-18.
The government will rollout this scheme in three phases over the next decade, after which it wishes to make the programme universal
Central trade unions have been demanding an enhancement of the minimum monthly pension under the scheme to Rs 3000 and also to index it (linked with inflation).
It wants to complete the exercise by the end of next fiscal, before going to the polls in 2019, so that these workers are covered under the social security code proposed by the ministry.
On assuming charge as the Minister of State for Labour, he said the ministry will continue to hold tripartite consultations, involving government, unions and industry.
As on September 30, 2015, barely 0.56 per cent of the candidates got placement. Of all the registered 4,48,52,500 job aspirants, 2,53,900 were placed, Labour Minister Bandaru Dattatreya said in a written reply in the Lok Sabha.
Out of these exempted firms or trusts, there are over 500 trusts which are either managing a meagre amount of EPF (up to Rs one crore) or their members are not more than 20.
The amended Maternity Benefit Act was enforced on April 1, 2017. There was a confusion that whether the employees already on maternity leave would get the benefit under amended law or not.
"The labour ministry has amended the schemes run by the EPFO by a notification. This will enable the Employees' Provident Fund Organisation (EPFO) to make all payments like EPF and pension through digital mode," an official said.
A draft code prepared by the Labour Ministry envisages the constitution of a national social security council to regulate the social security schemes of the Centre and states, the Lok Sabha was informed today.
Once the Labour Code on Security and Welfare is put into effect, schemes like provident fund, pension and insurance schemes run under the EPF Act, 1952, and the sickness benefit scheme under the ESIC Act, 1948 will no longer exist in their present forms.