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  • Now, EPFO to make all payments to members electronically May 08, 2017 08:30 PM IST

    Now, EPFO to make all payments to members electronically

    "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.

  • Draft code of labour ministry proposes social security council Apr 07, 2017 06:03 PM IST

    Draft code of labour ministry proposes social security council

    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.

  • No more EPFO? Labour ministry mulls decentralisation; restructuring on cards Mar 31, 2017 04:54 PM IST

    No more EPFO? Labour ministry mulls decentralisation; restructuring on cards

    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.

  • Govt looking at universal social security for 450 mn workforce Mar 10, 2017 10:03 AM IST

    Govt looking at universal social security for 450 mn workforce

    Just like in the west, the new policy will cover all the potential risks (income loss, death, illness etc) and also unemployment benefits for all. The government will meet the cost of the programme for the poor.

  • EPFO may hike equity investment limit to 15%: Sources Mar 03, 2017 12:29 PM IST

    EPFO may hike equity investment limit to 15%: Sources

    The Labour Ministry is again facing resistance from the trade Unions as it seeks to raise EPFO minimum equity limit to 15 percent, say sources.

  • Employees launch petition against 3-month exit notice in IT cos Mar 02, 2017 09:34 AM IST

    Employees launch petition against 3-month exit notice in IT cos

    Over 28,000 IT employees have signed an online petition asking the Labour Ministry to stop IT companies from holding them to a three-month non-negotiable notice period.

  • Unions on same page with govt on doubling gratuity to Rs 20 Lakh Feb 23, 2017 08:30 PM IST

    Unions on same page with govt on doubling gratuity to Rs 20 Lakh

    Formal sector workers may soon be eligible for up to Rs 20 lakh tax-free gratuity as central trade unions have agreed on the proposal in a tripartite consultation with the Labour Ministry.

  • Home loan rate cut and sops: Immediate cheer but can it revive the sector? Jan 03, 2017 08:00 AM IST

    Home loan rate cut and sops: Immediate cheer but can it revive the sector?

    Prime minister Narendra Modi‘s new year‘s eve announcement, on interest subvention for housing loans for the poor and the middle-class, was soon followed by rate cuts by various banks, including the government-owned State Bank &#82

  • Govt to open bank accounts of workers in unorganised sector Nov 30, 2016 08:18 PM IST

    Govt to open bank accounts of workers in unorganised sector

    "We have started this campaign from November 26, 2016 in respect of workers of organised and unorganised sectors who do not have bank accounts," Labour Minister Bandaru Dattatreya told reporters here.

  • Govt to launch campaign to open workers' bank a/cs tomorrow Nov 25, 2016 08:10 PM IST

    Govt to launch campaign to open workers' bank a/cs tomorrow

    Labour Ministry today said it will launch a campaign in association with Department of Financial services to open bank accounts of workers, who do not have one till date, in the organised as well as unorganised sector.

  • Govt introduces fixed-term employment in apparel sector Oct 08, 2016 12:32 PM IST

    Govt introduces fixed-term employment in apparel sector

    Labour Ministry today notified the amendments in the Industrial Employment (Standing Orders), paving the way for fixed-term employment in the apparel manufacturing sector.

  • EPFO to invest Rs 13,000 cr in ETFs in FY17; unions protest move Sep 30, 2016 09:54 AM IST

    EPFO to invest Rs 13,000 cr in ETFs in FY17; unions protest move

    The Labour Ministry raised the limit of investments by the Employees' Provident Fund Organisation (EPFO) in the Exchange Traded Funds (ETFs) in 2016-17 to 10 percent of its investible deposits from 5 percent in the last fiscal.

  • EPFO to invest Rs 13,000 cr in ETFs in FY17: Labour Minister Sep 29, 2016 05:22 PM IST

    EPFO to invest Rs 13,000 cr in ETFs in FY17: Labour Minister

    "We have already issued a notification raising the EPFO investment limit of ETFs to 10 per cent from the current 5 per cent of its investible deposits," Labour Minister Bandaru Dattatreya told reporters at a press conference here.

  • Labour Min likely to seek Cabinet nod for IR Code this week Sep 18, 2016 12:52 PM IST

    Labour Min likely to seek Cabinet nod for IR Code this week

    Labour Ministry is likely to move a Cabinet note on the Labour Code on Industrial Relations (IR) for its approval this week.

  • Employee provident fund may get 8.6% interest in 2016-17 Sep 11, 2016 11:20 AM IST

    Employee provident fund may get 8.6% interest in 2016-17

    Employees Provident Fund Organisation (EPFO) had provided 8.8 perecnt rate of interest on EPF deposits for 2015-16 despite Finance Ministry's ratification for 8.7 per cent.

  • 'Govt considering EPFO's voluntary pension scheme proposal' Sep 02, 2016 04:46 PM IST

    'Govt considering EPFO's voluntary pension scheme proposal'

    The Labour Ministry is actively considering proposal of a voluntary pension scheme mooted by the Employees' Provident Fund Organisation (EPFO), a senior government official has said.

  • Govt inks MoUs with firms to enhance quality of job services Aug 24, 2016 09:14 AM IST

    Govt inks MoUs with firms to enhance quality of job services

    The Ministry has implemented National Career Service (NCS) project through which it aims to provide employment related services to youths using technology.

  • Govt to bring out low-cost housing scheme for EPFO subscribers Aug 22, 2016 08:48 AM IST

    Govt to bring out low-cost housing scheme for EPFO subscribers

    On Universal Account Number (UAN) for PF members, Dattatreya said 7.44 crore UANs have been issued and 1.33 crore digitally authenticated Aadhar has been collected as on today and further 2.80 crore members are now active on UAN portal.

  • Labour Min concerned over 'misleading views' on Child Bill Jul 28, 2016 05:24 PM IST

    Labour Min concerned over 'misleading views' on Child Bill

    Labour Ministry today expressed serious concern over comments from some organisations on certain provisions of the Child Labour Bill that prohibits employment of children below 14 years, terming these as "ill-informed".

  • EPFO to consider hike in ETF investments next week Jul 21, 2016 07:54 PM IST

    EPFO to consider hike in ETF investments next week

    Retirement fund body EPFO is likely to consider a proposal to increase proportion of its investments in exchange traded funds (ETFs) in its trustees' meet on July 26.

  • Unions want ministers' panel to participate in July 18 meet Jul 09, 2016 01:12 PM IST

    Unions want ministers' panel to participate in July 18 meet

    The ministers' group has been constituted to talk with the trade unions on their charter of demands, which includes government's steps to deal with price rise, a universal social security cover for workers, stopping disinvestment of PSUs and opposition to FDI in railways and defence.

  • Labour Min, unions spar over raising EPFO investments in ETFs Jul 08, 2016 06:42 PM IST

    Labour Min, unions spar over raising EPFO investments in ETFs

    Labour Ministry and central trade unions are at loggerheads over raising the investments of retirement fund body EPFO in stock markets through Exchange Traded Funds (ETFs)

  • Labour Ministry in favour of raising EPFO's investment in ETFs Jul 07, 2016 07:16 PM IST

    Labour Ministry in favour of raising EPFO's investment in ETFs

    Labour Ministry is of the opinion that the retirement fund body EPFO should increase investments in the stock markets through ETFs, as the exercise has started giving returns

  • Govt amends EPS-95 to provide Rs 1,000 minimum monthly pension Jun 29, 2016 07:24 PM IST

    Govt amends EPS-95 to provide Rs 1,000 minimum monthly pension

    The Labour Ministry has amended the Employees' Pension Scheme 1995 to provide the entitlement of minimum monthly pension of Rs 1,000 in perpetuity to its over 50 lakh pensioners

  • India to ensure effective enforcement of labour laws: Govt Jun 08, 2016 12:12 PM IST

    India to ensure effective enforcement of labour laws: Govt

    Speaking at the Plenary session of International Labour Conference (ILC) in Geneva, Aggarwal said this is being achieved by bringing in the necessary-ease in compliance-of provisions related to labour, the Labour Ministry said in a statement.

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