Labour Ministry likely to give shape to National Employment Policy by December
Labour Ministry likely to give shape to National Employment Policy by December
NEW DELHI: The Ministry of Labour and Employment is likely to give a shape to the National Employment Policy (NEP) by December this year following the implementation of four labour codes and completion of four major surveys, including one one migrant workers.
The NEP will draw a broad road map for improving job opportunities in the country, mainly by various initiatives like skill development, bringing investment in employment intensive segments and other policy interventions.
Last year, Parliament passed three labour codes on Industrial Relations, Social Security and Occupational Health Safety & Working Conditions (OSH).
National Employment Policy roadmap likely by December: Labour Ministry
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. Updated: 10 Jan 2021, 11:16 AM IST PTI
The Ministry of Labour and Employment is likely to give a shape to the National Employment Policy by December this year following the implementation of four labour codes and completion of four major surveys, including one migrant workers.
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The Ministry of Labour and Employment is likely to give a shape to the National Employment Policy (NEP) by December this year following the implementation of four labour codes and completion of four major surveys, including one migrant workers.
The NEP will draw a broad road map for improving job opportunities in the country, mainly by various initiatives like skill development, bringing investment in employment-intensive segments and other policy interventions.
National Employment Policy to take shape by December, says Labour Bureau DG DS Negi The document is expected to aid employment generation in the country to a great extent, at a time when the government is grappling with the issue of job loss especially due to the pandemic Representational Image. Reuters
New Delhi: The Ministry of Labour and Employment is likely to give a shape to the National Employment Policy (NEP) by December this year following the implementation of four labour codes and completion of four major surveys, including on one migrant workers.
The NEP will draw a broad road map for improving job opportunities in the country, mainly by various initiatives like skill development, bringing investment in employment-intensive segments and other policy interventions.
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Now the interest rate would be officially notified in the government gazette following which the EPFO headquarter would give directions for crediting the rate of return on EPF into the subscribers accounts.
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Earlier this year, EPFO had decided to split 8.5 per cent interest into two installments.
NEW DELHI: The Labour Ministry has decided to notify 8.5 per cent rate of interest on employees provident fund (EPF) accounts of over six crore subscribers of retirement fund body EPFO for 2019-20 after receiving the finance ministry s concurrence on that, a senior official said. The labour ministry has decided to notify the 8.5 per cent rate of interest for crediting the same into the account of over six crore subscribers of the Employees Provident Fund Organisation (EPFO), the official told .
Labour Ministry decides to notify 8.5% interest on EPF for 2019-20, gets FinMin nod PTI
New Delhi: The Labour Ministry has decided to notify 8.5 per cent rate of interest on employees’ provident fund (EPF) accounts of over six crore subscribers of retirement fund body EPFO for 2019-20 after receiving the Finance Ministry’s concurrence on that, a senior official said.
“The labour ministry has decided to notify the 8.5 per cent rate of interest for crediting the same into the account of over six crore subscribers of the Employees’ Provident Fund Organisation (EPFO),” the official told PTI.
The official said that the rate of interest on the EPF has been formally approved for notification by Labour Minister Santosh Gangwar on Thursday after receiving the finance ministry’s concurrence.