'Workers and employers should be ready for a change demanded by the new dynamism of the economy'
At present, someone short of the retirement age can completely withdraw the PF money.
Trade unions said Jaitley's minimum wage announcement is completely inadequate
Currently, industries with up to 100 workers were allowed to do this.
According to new proposal for amendements in the labour law, a worker will be allowed to object to being laid off within three years, against no clear period specified in the law now.
Labour Ministry has notified new investment pattern for EPFO.
The Centre has, however, retained its proposal to curb flash strikes as workers in all factories will be required to give employers a strike notice of at least two weeks after the Bill becomes a law.
100 model career centres all across the country to help job seekers connect with potential employers and skill providers.
Workers being laid off will be entitled to full wages of 45 days for every year of service.
The decision will benefit over nine crore such account holders having total deposit of around Rs 32,000 crore.
The government is looking at building by-laws and floor area ratio so that you can build up instead of out, thus requiring less land.
On the eve of the Modi government's two years in office, the RSS-linked Bharatiya Mazdoor Sabha leadership met Finance Minister Arun Jaitley. After the meeting, the BMS claimed the FM told its delegation 'the government has realised that labour reforms are not essential for industrial growth in the country.'
To redevelop cities as 'smart', investment of at least $10 billion is required. For 100 cities, it works out to $1 trillion
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