EPFO to appoint Fund Manager to manage its 3 Lacs crore corpus
Employees Provident Fund Organisation (EPFO) is in the process of appointing multiple fund managers for manging its funds for a three year period beginning July 1. The meeting of the committee to recommend the appointment of the fund managers for EPFO to its trustees is likely to be held next week where the panel would… Read More
Flexibility in Labour laws proposed in the New Manufacturing Policy
India will formulate its new policy for increasing share of manufacturing in its gross domestic product with a view to create additional jobs in the country. Prime Minister Manmohan Singh has convened a meeting on June 2 of senior ministers to give a direction for firming up the policy. Its draft prepared by the industry… Read More
FAQ’s on Special Provisions for International Workers under Provident Fund
1) Who is an International Worker? An International worker may be an Indian worker or a foreign national. - Any Indian employee working or having worked abroad in a country with which India has entered into a Social Security Agreement (SSA); OR - Any foreigner working in India in an establishment where the Employees Provident… Read More
Highlights of the Industrial Disputes (Amendment) Act, 2010
The Article analyses impact of Industrial Disputes (Amendment) Act, 2010 on staffing, business and organisations: In India, the Industrial Disputes Act, 1947 is the main legislation for investigation and settlement of all industrial disputes. The Industrial Disputes (Amendment Act), 2010 have brought few significant changes to the Industrial Disputes Act, which are produced under the… Read More
Professional Consulting Service Firms liable under ESI
CONSULTING ENGINEERING SERVICES (INDIA) PVT. LTD.Vs.THE CHAIRMAN, ESI CORPORATION & ORS. Brief Background of the case: The Appellant company is a private company which does not carry out any manufacturing activity nor it produces any goods for the purpose of marketing and supply to any of its clients and customers and even public in general. It is claimed that the… Read More
Workshops on “Managing Contract Labour” & “Knowledge of Disciplinary Action”
Workshop on Managing Contract labour & Knowledge of Disciplinary Action A workshop on Managing Contract Labour - Legal Issues, Compliance & Handling Outsourcing will be conducted on Friday,29 April 2011 at New Delhi & Friday, 6 May 2011 at Mumbai and another Workshop will be on "Knowledge of Disciplinary Action, Enquiry Procedures and Related Case Laws" on Saturday, 30 April 2011… Read More
Commerce Ministry proposes Hire and Fire Policy
The ministry of commerce and industry has proposed to set up National Manufacturing and Investment Zones (NMIZ) to increase the share of manufacturing sector in the country™s gross domestic product (GDP). The ministry also suggested for an exemption from labour laws for easier hiring and firing of workers. In the proposal, the Contract Labour Abolition Act would also… Read More
Central Government Revises the National floor level Minimum Wage
Central Government Revises the National floor level Minimum Wage (NFLMW) from Rs. 100 Per Day to Rs. 115 Per Day Effective from 01.04.2011 The Central Government has revised the National Floor Level Minimum Wage (NFLMW) from Rs. 100/- per day to Rs. 115/- per day effective from 01.04.2011, on the basis of the rise in… Read More
Pension Fund Regulatory and Development Authority (PFRDA) Bill soon
Finance minister Pranab Mukherjee is likely to reach out to BJP leader Yashwant Sinha to get an early green signal for the Pension Fund Regulatory and Development Authority (PFRDA) Bill. Sinha heads the parliament's standing committee on finance whose nod is necessary to get the long-pending bill passed. PFRDA was established by Government of India… Read More
No interest on PF on inoperative accounts
PF Accounts which are non operative for 36 months shall not earn any interest, as per the Employees Provident Funds Amendment Scheme which comes into effect from 1st April, 2011. This means all the old PF accounts of employees with old employers, which have become in-operative and have not been transferred or withdrawn will stop… Read More
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