The parliamentary standing committee on labour has asked the Employees Provident Fund Organisation (EPFO) why the retirement fund body continued to invest in equity market, even when the market was falling in March-April.
Santosh Kumar Gangwar, minister for labour and employment, discusses how the recently enacted labour codes will serve the interests of both the industry and workers and catalyse economic growth. Excerpts from an exclusive int
An industry source said the proposed PLI scheme was aimed at helping the industry further develop or consolidate its capacity to manufacture electrical and automotive grades of steel and achieve self-reliance.
SAIL is also not pursuing Chhattisgarh Mega Steel, incorporated as a Special Purpose Vehicle (SPV) with the objective of fast tracking developmental processes for setting up of an ultra mega steel project.
The plan requires roughly a third of the total Employees’ Provident Fund (EPF) contribution on behalf of new employees with a monthly salary above Rs 15,000, to go to their personal pension accounts, rather than the EPF.
The number of contributing establishments and members to EPFO increased to 4.98 lakh and 4.54 crore in August from the lows of 3.33 lakh and 3.84 crore, respectively, in April, the government data showed.
Nearly 81% of the addition to the June payroll came from the top ten industries, including expert services; building and construction; electronics, mechanical or general engineering products manufacturing; engineering; and tr
The government’s move to launch similar mechanism will also help domestic producers of coal and non-ferrous metal such as Vedanta, Nalco, Hindalco and Hindustan Copper to chalk out their strategies for substituting imports.
The PMO had earlier instructed the steel ministry to “hold discussions with the concerned ministries/parties to facilitate domestic manufacturing of high-grade steel with the help of Japanese and Korean companies”.
While some states, not agreeing to so far, want the co-existence of the hybrid system — under which a ration card holder is entitled to lift the share using either the old system or the new system; some other states want in
The code will also extend the provision for a mandatory 14-day prior notice for strikes and lock-outs, now applicable to public utility services, to other firms, to encourage resolution of disputes through tripartite negotiat
The social security code proposes to empower the central government, by notification, to constitute the Social Security Fund or funds for provision of social security and to be administered by the central government.