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  • PF Rule Change: No… September 23, 2017

    1) The formal sector employers will be required to intimate about the details of their new employees online to retirement fund body EPFO from October 1, 2017. The EPFO has decided to do away with filing of Form-9, a declaration by a person (employee) taking up employment in an establishment in which Employees' Pension Scheme is in force. This Form-9 is filed by the formal sector employers manually at present to intimate about their new employees. 2) EPFO provides facility to make down payment to buy home and pay equated monthly instalment through their EPF accounts. EPFO subscribers who have activated their UAN and seeded their KYC (Aadhaar) with EPFO will be able to apply for final PF settlement, pension withdrawal benefit and partial PF withdrawal from their UAN Interface directly.   3) EPFO members can complete the whole process online without interacting with the employer or the EPFO field office. The claim submitted by the member would flow in a soft form to the EPFO database, where it will be processed and the member's bank account will be credited. 4) EPFO has made partial withdrawal easier from provident fund for medical and other purposes like purchase of house, education and marriage of children. For this purpose, the EPFO subscriber is no longer required to submit various certificates or documents. 5) The labour ministry has amended the social security schemes run by the retirement fund body EPFO to enable it to make all payments - pension, provident fund and insurance - to members electronically. This..

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  • Minimum wages to be… August 18, 2017

    he Centre will issue an executive order to ensure  get a  of Rs 10,000 per month, Union Minister of State for Labour and Employment Bandaru Dattatreya said today. “It is the endeavour of the Central government to make reforms in  and to proceed from  to universal wage. Because the Opposition is not cooperating in the Parliament, we will do it through an executive order,” Dattatreya told reporters here. “Because the Parliament is not functioning properly, we don’t want to wait and we want to go ahead with some executive orders for the welfare of the workers,” he said. He said the government has decided to make changes to rule 25 of the  and every contract worker will be entitled to get Rs 10,000 per month. “We have framed this rule and sent to the Law Ministry (for approval) and shortly a notification will come and after this all the state governments will implement this decision,” he said. Dattatreya said the Supreme Court had given a direction, keeping in view of Consumer Price Index and variable DA, to increase the minimum wage. “In view of the apex court order, we are enhancing it first to Rs 10,000 and then we want to go for universal minimum wage,” the minister said. All  with the corresponding Labour Department, he said, adding in Telangana and Andhra Pradesh over one lakh sanitation workers (those who get Rs 8,500 per month) will benefit, besides crores of workers elsewhere, by the .

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  • The Factories Act, 1948 August 18, 2017

    Objective and Applicability of the Factories Act – The main objective of the Factories Act, 1948 is to ensure a safe environment for the persons working inside a factory. The Act is applicable to any premises involved in manufacturing process engaging 10 or more people with the aid of power or 20 or more people without the aid of power. Prohibition of Children in the Factory – No person below the age of 14 can be allowed to work in the factory. Any person between the ages of 14-18 years working in the factory has to carry a certificate of fitness and cannot work for more than 4 and half hours excluding in night shift. Working Hours in the Factory – A person can work up to 48 hours in a week and not more than 9 hours daily. Upon completion of 5 hours of continuous work, 30 minutes break is to be given to the person working. Women cannot work in a factory between 7 PM to 6 AM. Overtime Wages – Overtime wages should be double of the normal rate of wages. Leave with Wages – A person is entitled to 1 day leave per 20 days of work, provided he worked for 240 days in a year. Up to 30 days leave can be accumulated under the Factories Act, 1948. Basic Facilities and Safety Measures – The employer shall ensure in such a way that sufficient safety measure is provided to the workers while working with machines. Basic hygiene facilities like cleanliness, drinking water, ventilation, proper lighting, dust..

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