Page 12 - Social Security Code News Today

The chief executive officers of some of the top Indian startups and tech companies have welcomed the tax breaks and incentives in Finance Minister Nirmala Sitharaman’s Budget presented on Monday. They said coming in the wake of the Covid-19 pandemic, the Union Budget looks to strengthen many of the important pillars for economic recovery and future growth. Kalyan Krishnamurthy, CEO at e-commerce company Flipkart Group said there is a clear focus on attracting greater investments into infra...

Employees Provident Fund: PF deduction, wage limit, earned leaves and EPFO suggestion - Latest updates According to reports, the government is planning to hike the wage ceiling from Rs 15,000 to Rs 21,000. DNA Web Team Jan 24, 2021, 08:15 AM IST Prime Minister Narendra Modi-led government at the Centre is planning to increase the monthly wage ceiling of mandatory Employees Provident Fund (EPF) soon. According to reports, the government is planning to hike the wage ceiling from Rs 15,000 to Rs 2...

Synopsis The labour ministry had held first round of tripartite discussions on draft rules on Wage Code and Code on Industrial Relations in December. Next round of discussion on the Social Security Code and the Code on Occupational Safety Health and Working Conditions. The joint platform of 10 central trade unions will boycott the tripartite stakeholder meeting called by labour ministry on Tuesday saying it is a farce. Instead, the unions have demanded the government hold physical meeting with...

Updated Jan 06, 2021 | 06:25 IST Traditionally tax was the annual change quotient for most employees that impacted their ‘take-home-pay’, but going forward labour codes may also have an impact. Representational image&nbsp The government has been pushing the ‘Make-in-India’ initiative by bringing in various legislative, administrative and e-governance related changes to facilitate the ease of doing business in India. The Labour Code is one such step in that directi...

CM “Today we extend the measure 60/40 until the end of March, and in the coming weeks we will ensure its implementation until September 2021. We will further support tourism and transport sectors with the 80/20 measure, and from January 1 we are introducing 75/0 assistance for closed businesses,” Prime Minister Boyko Borissov said during todays meeting of the Council of Ministers, which was held via videoconferencing. Borissov was adamant that the government will continue to provide s...

Govt finalising technicalities of four mega surveys to collate job data of unorganised sector SECTIONS Share Synopsis The government has set up an expert group under the chairmanship of Professor SP Mukherjee to provide technical guidance to the Labour Bureau with respect to these surveys. The expert group consists of eminent economists, statisticians and government functionaries. Agencies “The survey will be done by the Labour Bureau and results will be available by October 2021,” the min...

: Prime Minister Narendra Modi inaugurates countrys first ever driverless metro train in Delhi; Says efforts are on to make urban development ready for future requirement. 100th Kisan Rail to be flagged off by Prime Minister this evening. Dry run for Coronavirus vaccination begins in Andhra Pradesh, Gujarat, Punjab, and Assam today. COVID-19 recovery rate improves to 95.83 per cent. US President Donald Trump signs Coronavirus relief package bill, averting a partial government shutdown....

Amid farmers unrest, 10 unions boycott meet on framing labour code rules RSS affiliate Bharatiya Mazdoor Sangh (BMS) participated in the meeting and demanded that the new wage definition limiting allowances at 50% of the total salary should not be frozen. Share Via Email   |  A+A A- By Express News Service NEW DELHI:  Several trade and labour unions on Thursday boycotted a virtual meeting called by the Centre for tripartite consultation to frame rules for four labour codes, saying phy...

Labour Ministry holds tripartite stakeholder consultation with industry chambers and trade unions SECTIONS Share Synopsis The four codes, which have been passed by the Parliament, include the Code on Wages, the Industrial Relations Code, the Social Security Code and the Code on Occupational Safety, Health and Working Conditions BMS has suggested a family should consist of 6 units for the purpose of calculating minimum wages instead of 3.6 proposed by the last committee on minimum wages and mini...

Introduction The Social Security Code 2020 (the SS Code), the Occupational Safety, Health and Working Conditions Code 2020 (the OSHW Code) and the Industrial Relations Code 2020 (the IR Code) were recently passed by Parliament and received presidential assent. The three new labour codes have been enacted in the pursuit of abridging, rationalising and consolidating central and state labour laws and improving Indias position in the global ease of doing business index. The government is in the pro...