EPF Rate Increased To 8.15% In 2023-2024 FY
In good news for employees, the Union Labour and Employment Ministry increased the marginal interest rate of Employees Provident Fund (EPF) to 8.15% from previous 8.1%. The decision was taken after a meeting with the Ministry of Labourer and Central board of trustees of the Employees' Provident Fund Organisation. The Ministry further said, the interest rate would be officially notified in the government gazette after approval of Ministry of… read-more
Tags: EPF, FY 2023-2024, Rate Hike, GoI, Union labour ministry
Courtesy: NDTV
National Employment Policy To Get Drafted By December 2021
The Ministry of Labour and Employment is expected to formulate the National Employment Policy (NEP) by December 2021. The NEP will be chalked out in tandem with the execution of four labour codes and completion of four employment surveys. It aims to provide an impetus for improving job opportunities in the country through policy interventions. Besides, a quarterly survey will also be conducted to provide comprehensive data from both the… read-more
Tags: Union labour ministry, job opportunities, NEP, Employment
Courtesy: Hindustan Times
2 Crore Migrant Workers Given Financial Aid During Pandemic: Santosh Gangwar
Labour and Employment Minister Santosh Gangwar said that the Central government had taken "unprecedented steps" for labour-welfare and employment during the pandemic. He said, "About 2 crore migrant workers have been provided Rs 5,000 crore directly in their bank accounts." Reportedly, the amount provided was arranged from Building and other Construction Workers' Cess Fund. The ministry also established 20 Control Rooms across the country to… read-more
Tags: Migrant Labourers, Union labour ministry, Coronavirus Pandemic, financial support
Courtesy: The Times Of India