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"Instead of delving on the past delays, it’s best to now look forward. This code has everything going for the workers, for the expansion of industries and employment," Gurnani told Moneycontrol.
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Connaught Place, one of the busiest commercial hubs in Delhi, witnessed normal operations.
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In October, Union Labour Minister Mansukh Mandaviya said that a policy for providing social security benefits like pension and health services to gig and platform workers is under process.
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As per the latest available Periodic Labour Force Survey (PLFS) report, the estimated unemployment rate for youth aged 15-29 years in the country for the year 2023-24 is 10.2 percent, which is lower than global levels.
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Employees' Provident Fund Organisation (EPFO) enrolled around 9.47 lakh new members in September 2024, representing an increase of 6.22 percent over September 2023, the Labour Ministry said.
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The association is seeking these entitlements — hotel accommodation and conditions of accommodation — in line with the policy on accommodation for pilots, as per the previous agreements and tribunal awards.
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The All-India Consumer Price Index for Agricultural Labourers (CPI-AL) and for rural labourers (CPI-RL) registered an increase of 10 points each in July, reaching 1,290 and 1,302, respectively, a labour ministry statement said.
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While the government is confident it will eventually be able to convince the eastern state to come on board citing the merits of the proposed regulations, it has reached out for a legal opinion in case of a stalemate.
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The labour secretary's comments come at a time when major infrastructure companies like Larsen & Toubro have said that India is losing a large portion of its skilled labour to infrastructure projects that are being executed in the Middle East.
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The labour ministry will work with around 25 ministries to collate data on the various central and state government schemes where employment is created, either directly or indirectly
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The retirement fund body has been in the news for inordinate delays in disbursal of claims, sometimes even running into years. The labour secretary says the ministry is in the process of upgrading the EPFO’s digital platform and is developing a central database to streamline payments, which should be ready in another 2-3 months.
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The union said many of these employees had turned down other job offers and are currently struggling financially as a resukt.
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With massive investments on the line, industry experts say India needs skilled individuals to support the anticipated growth in various sectors, especially in information technology (IT), electric vehicles (EVs), fintech among others.
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Around 20,830 new establishments were registered and brought under the social security umbrella of ESIC in November ensuring more coverage, the labour ministry said in a statement.
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The proposal to reinvest redemption proceeds from ETFs back into the stock market requires approval from the finance ministry.
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The NCS portal has registered the highest vacancies during 2022-23 since its launch in July 2015, a labour ministry statement said.
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A letter sent by NITES to Union Labour Minister Bhupender Yadav alleged that Amazon employees are being forced to quit the company, and sought an inquiry.
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On one-month percentage change, it increased by 0.23 per cent with respect to the previous month compared to an increase of 0.16 per cent recorded between corresponding months a year ago.
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Addressing the National Labour Conference, PM Modi said that India has once again become the fastest growing economy in the world, so a lot of credit goes to the workers.
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Presently, over 138 regional offices of the Employees’ Provident Fund Organisation (EPFO) disburse pensions to beneficiaries in their region separately.
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Of the total 15.32 lakh net subscribers added during the month (of March), around 9.68 lakh new members have been covered under the provisions of EPF & MP Act, 1952 for the first time.
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Before today's meeting, the Labour Ministry had issued another notice to Infosys to hold a joint discussion on April 28, which the IT major did not attend.
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The company was absent from the first round of discussion that was scheduled on April 28. In the next meeting, representatives from the ministry and Infosys are expected to be present along with the union that filed the complaint seeking removal of the agreement from offer letters.
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The labour codes are expected to introduce far-reaching changes with implications for employers and workers. They will offer greater flexibility in rolling out short-term work contracts, make hiring and firing flexible, and make industrial strikes harder.
