The Employees Provident Fund Organisation (Ministry of Labour) has issued a notification to provide major relief towards manner of withdrawal of funds under para 68B of EPF Act, 1952 for housing purpose.
The Form 31 which talks about the withdrawal from the Fund for the purchase of a dwelling house/flat or for the construction of a dwelling house including the acquisition of a suitable site f...
A revised transfer claim settlement process has been started through an Online Transfer Claim Portal to smoothen the process of transfer of PF accounts. The revised process has following features:-
(i) The claim can be submitted by the member in the online mode in addition to physical mode.
(ii) The claim can be submitted through previous or present employer.
(iii) There would be no paper...
"The Anatomy of Section 29 : A Legal Autopsy "
by R. Sridhar
Head - India, Labour Relations, Caterpillar India Private Limited
Section 19 (2) of the Industrial Disputes Act (hereinafter referred to as the “Act”) deals with the period of operation of settlement which reads as follows:
“Such settlement shall be binding for such period as is agreed upon by the parties, and if no such...
There is a fundamental question which has influenced the history and present position of work claims: can the preferential treatment given to workers compared to other injury victims be justified? The industrial injuries scheme privileges workers by making available benefit which cannot be claimed by those not injured in the course of employment.
Position in India:
The principal behind compensat...
The Pension Fund Regulatory and Development Authority Bill, 2013 has received the assent of the President of India. It has now been published in the Gazette of India, Extraordinary, Part-II, Section-1, dated the 19th September 2013 as Act No. 23 of 2013....
During the current fiscal, till the month the Organisation settled more than 50 lakh claims out of which 97% was settled within 30 days as mandated by the scheme. In the month of August alone, 10.98 lakh claims were settled and the percentage of claims settled within the above said mandated time-limit was 98.90%. Importantly, as a result of constant up-gradation in the standards of service deliver...
1.Q: Why the need for a Street Vendors (Protection of Livelihood and Regulation of Street Vending) Bill, 2012 , which has been passed by the Lok Sabha in the recently concluded session. ?
Ans: Street vendors constitute an integral part of our urban economy. Street vending is not only a source of self-employment to the poor in cities and towns but also a means to provide ‘affo...
Lok Sabha Passes Pension Fund Regulatory and Development Authority Bill, 2011 with official amendments
Subscribers Seeking Minimum Assured Returns Allowed to OPT for Investing their Funds in such Scheme Providing Minimum Assured Returns
The Pension Fund Regulatory and Development Authority Bill (PFRDA), 2011 was passed by the Lok Sabha today with official amendments. It was earlier introduced in Lok Sabha on the 24th March, 2011 to provide for a statutory regulatory body the Pension Fund Regulator...
Recently, Government has formulated policy for the 7th Round (2nd part) of wage negotiations for workmen in Central Public Sector Enterprises (CPSEs) based on consultations among various central ministries/ departments and other organisations. Giving this information in written reply to a question in the Rajya Sabha today, Shri Praful Patel, Minister of Heavy Industries & Public Enterprises, s...
An Expert Committee constituted by the Government to review the Employees’ Pension Scheme (EPS), 1995, has, inter alia recommended either of the two options below:
(i) Introduction of Provident Fund-cum-Pension Annuity Scheme wherein pension is linked to accumulations of members in the Fund
or (ii) Modifications in the existing EPS, 95 such as:
increase in wage ceiling from Rs. 6500/- ...