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  • 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.

  • Decision soon on increasing EPFO investments in ETFs: Minister Jun 06, 2016 04:28 PM IST

    Decision soon on increasing EPFO investments in ETFs: Minister

    Noting that EPFO's investments in Exchange Traded Funds (ETFs) have given good returns during March and April this year, Union Labour Minister Bandaru Dattatreya today said these investments would be increased and the quantum for coming year would be decided soon.

  • Finmin for EPFO's reserve fund to protect interest of workers Apr 30, 2016 12:38 PM IST

    Finmin for EPFO's reserve fund to protect interest of workers

    While ratifying interest rate of 8.8 percent on Employees Provident Fund (EPF) for 2015-16, sources said it advised the Labour Ministry to create a reserve fund for future to protect workers from interest rate shocks in a regime of falling interest rates.

  • Kingfisher Airlines' PF contributions to be probed: Dattatreya Mar 14, 2016 07:54 AM IST

    Kingfisher Airlines' PF contributions to be probed: Dattatreya

    Beleaguered businessman Vijay Mallya, who is facing legal proceedings for allegedly defaulting on loans of over Rs 9,000 crore from various banks, is currently under scanner by multiple agencies, including CBI.

  • Centre selects 54 workers for 2014 Shram awards Feb 10, 2016 07:36 AM IST

    Centre selects 54 workers for 2014 Shram awards

    These awardees made outstanding contribution to productivity and exhibited exceptional courage and presence of mind on duty, a Labour Ministry release said.

  • Not causing demand disruption for auto majors:Uber chief advisor Feb 05, 2016 10:10 PM IST

    Not causing demand disruption for auto majors:Uber chief advisor

    Uber's chief advisor, David Plouffe says the memorandum of understanding (MoU) signed with the Indian government will result in organised employment in the country.

  • Unions oppose Model Law to provide flexibility to retailers Jan 06, 2016 07:55 AM IST

    Unions oppose Model Law to provide flexibility to retailers

    The Labour Ministry held tripartite consultations to discuss the Model Shops and Establishments (Regulation of Employment and Conditions of Service) Bill, 2015, which was opposed by the unions, including BJP-backed Bhartiya Mazdoor Sangh (BMS).

  • Centre mulls law for greater flexibility to retailers, malls Jan 04, 2016 03:18 PM IST

    Centre mulls law for greater flexibility to retailers, malls

    "Labour Ministry has called a tripartite meeting which is scheduled on January 5, to discuss the Model Shops and Establishments (Regulation of Employment and Conditions of Service) Bill, 2015," a ministry official said.

  • Bill to raise maternity leave to go for inter-min consultation Dec 29, 2015 09:16 PM IST

    Bill to raise maternity leave to go for inter-min consultation

    The Labour Ministry is in the final stages of preparing a draft amendment bill to extend the period of maternity leave of working women from 12 weeks to 26 weeks and will soon send it for inter-ministerial consultations.

  • Govt to bring a bill for mandatory national minimum wage Dec 22, 2015 07:46 PM IST

    Govt to bring a bill for mandatory national minimum wage

    Winding up a debate on the Payment of Bonus (Amendment) Bill, 2015 in the Lok Sabha, Labour Minister Bandaru Dattatreya also said that following the recommendations of the second national labour commission, 44 central labour laws would be converged into four codes.

  • Labour Ministry to push for 6 bills in Winter Session Nov 17, 2015 10:08 PM IST

    Labour Ministry to push for 6 bills in Winter Session

    The ministry is ready with four bills -- the Child Labour (Prohibition & Regulation) Amendment Bill, the Payment of Bonus (Amendment) Bill, the Small Factories (Regulation of Employment and Conditions of Services) Bill and the Employees' Provident Fund & Miscellaneous Provisions Bill.

  • Labour Ministry sets out to table 9 Bills in winter session Oct 30, 2015 09:46 PM IST

    Labour Ministry sets out to table 9 Bills in winter session

    "The government wants to rationalise labour laws and these laws are in the interest of workers and will protect their rights. The purpose of this is employment generation and ease of doing business," Labour Minister Bandaru Dattatreya told reporters.

  • Mandatory minimum wages proposal sent for LawMin opinion Sep 15, 2015 08:33 PM IST

    Mandatory minimum wages proposal sent for LawMin opinion

    Earlier in August, the Labour Ministry had proposed to make fundamental changes on payment of minimum wages across the country and had said that it will be made mandatory.

  • AI may see another strike as pilots oppose Labour Min move Sep 14, 2015 05:15 PM IST

    AI may see another strike as pilots oppose Labour Min move

    According to sources, the Central Executive Committee (CEC) of Indian Commercial Pilots Association (ICPA) is likely to serve a strike notice to the Air India management in the next two days.

  • Balco begins to shut rolling business; 1K jobs to be lost Sep 13, 2015 03:45 PM IST

    Balco begins to shut rolling business; 1K jobs to be lost

    Last month, the aluminium manufacturer had announced its decision to shut down the rolling mill in Korba (Chhattisgarh) on account of "steep fall" in the prices of the metal besides dumping from China and falling margins.

  • Air India pilot woes continue; 11 flights affected Aug 21, 2015 06:15 PM IST

    Air India pilot woes continue; 11 flights affected

    This is being seen as a sign of protest against a recent labour ministry directive which has barred senior pilots of the national carrier from being a part of the employees union.

  • After EPFO, Sebi pitches for more pension funds in market Aug 09, 2015 07:47 PM IST

    After EPFO, Sebi pitches for more pension funds in market

    Welcoming the EPFO decision to invest five percent of its incremental deposits into capital markets through Exchange Traded Funds (ETFs), Sebi chairman UK Sinha said other pension funds should also look at investing in markets.

  • EPFO to give members options for investment of their funds Jul 31, 2015 07:39 PM IST

    EPFO to give members options for investment of their funds

    Retirement fund body EPFO plans to give an option to its subscribers to choose from various investment products where they want their money to be invested and a larger focus might be eventually on the equity market.

  • ESIC board to discuss other health insurance on Tuesday Apr 06, 2015 01:30 PM IST

    ESIC board to discuss other health insurance on Tuesday

    At present, as per Employees' State Insurance Act, 1948, it is mandatory for formal sector workers getting gross pay of up Rs 15,000 per month to subscribe to health insurance scheme run by the ESIC.

  • Employers, workers may shell out more for EPF contributions Mar 13, 2015 06:37 PM IST

    Employers, workers may shell out more for EPF contributions

    According to the new definition of the wages, as proposed in a draft bill, for the purpose of computing provident fund contributions by employers as well as employees, the wages would include basic pay and allowances.

  • EPFO sets up expert group to consider housing scheme Mar 10, 2015 08:30 PM IST

    EPFO sets up expert group to consider housing scheme

    The ministry intends to collaborate with PSU banks, housing finance companies, state-owned construction firms like NBCC and authorities like DDA, PUDA, HUDA to build houses at a price to be fixed by the government. Over 70 percent EPFO subscribers' basic wages are less than Rs 15,000 per month.

  • Affordable housing scheme for EPFO subscribers in the works Jan 04, 2015 11:38 AM IST

    Affordable housing scheme for EPFO subscribers in the works

    The Labour Ministry is preparing a mega housing scheme to offer affordable houses to over 5 crore subscribers of retirement fund body EPFO in the backdrop of the government's mission 'Housing for all by 2022'.

  • Govt approves 8.75% interest on EPF deposit for 2013-14 Mar 05, 2014 07:48 PM IST

    Govt approves 8.75% interest on EPF deposit for 2013-14

    EPFO estimated an income of Rs 25,048.55 crore for 2013-14. As per its estimates, the payment of interest rate at 8.75 percent would require Rs 25,005.41 crore and there would be a surplus of Rs 43.14 crore.

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