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Labour Min mulls scheme for gig platform workers
"We are putting together the scheme for the gig and platform...
OROP: Have decided not to accept recommendations on pension hike, Centre to SC
Earlier, the bench had come down heavily on the Centre for failing...
UK Court of Appeal confirms Deliveroo riders are self employed
Employment models across the “gig economy” have been challenged in courts around the world by unions and workers.
G20 nations recommit to shaping human-centred recovery
“The crisis has impacted some sectors and groups much harder. In particular, it has hit women and youth, along with those in the informal economy.Those are also the groups facing the most difficult situations today and the biggest risk of being left behind in the months and years ahead,”ILO Director-General Guy Ryder said.
Ryder outlined the cataclysmic impact of COVID-19, which has led to the loss of the equivalent of 161 million full-time jobs in the G20 nations. This, he said, represents a world of work crisis four times as severe as the one triggered by the financial crisis of 2008/09.
9 months after lockdowns, US births see biggest decline since 1973
Coupled with the more than half a million Americans who have died from Covid-19, the drop in births will have long-term consequences for the population growth.
Cannot pay Rs 4 lakh compensation to Covid victims, Centre informs SC
” If ex-gratia of Rs 4 lakh is given for every person, who lost life due to COVID-19, the entire amount of SDRF may possibly be spent on this alone, and indeed the total expenditure may go up further”, said the affidavit.
The MHA contended that unlike floods, earthquake, cyclone, etc, during the ongoing COVID-19 pandemic, thousands of crores of rupees have been spent by Centre and states on prevention, testing, treatment, quarantine, hospitalization, medicines and vaccination, etc and it is still continuing.
Labour ministry mulls extending ABRY deadline till March 2022 to boost fresh hiring
Under the scheme, the central government pays both 12 per cent employees’ contribution and 12 per cent employers’ contribution i.e. 24 per cent of wages towards social security schemes run by the retirement fund body Employees’ Provident Fund Organisation (EPFO).
An employee drawing a monthly wage of less than Rs 15,000 who was not working in any establishment registered with the Employees’ Provident Fund Organisation (EPFO) before 1st October, 2020 and did not have a Universal Account Number or EPF Member account number prior to 1st October 2020 is eligible for the benefit.
No intention to delay fixing minimum wages: Labour Min
Earlier this month, the ministry announced that the Centre has constituted an expert group under the chairmanship of renowned economist Ajit Mishra to provide technical inputs and recommendations on fixing these wages. The tenure of the expert group is three years.
Sharpening income inequalities telling story of ‘uneven’ recovery: Subbarao
A study by the Azim Premji University has found that the one year of Covid-19 pandemic has pushed 230 million people into poverty with a 15 per cent increase in poverty rate in rural India and a 20 per cent surge in urban India,” Former RBI Governor D Subbarao said citing the findings of a study.
“Add to that CMIE data showing that the unemployment rate has gone up as high as 12 per cent in May, 10 million jobs have been lost just on account of the second wave and 97 per cent of the households in the country have experienced declines in incomes,” he added.
Child labour records 1st rise in 20 years, millions more at risk due to Covid: Report
”The number of children in child labour has risen to 160 million (16 crore) worldwide — an increase of 8.4 million (84 lakh) children in the last four years — with millions more at risk due to the impacts of COVID-19,” the report said.
UNICEF India Representative Dr Yasmin Ali Haque said the coronavirus pandemic has clearly emerged as a child rights crisis, aggravating the risk of child labour as many more families are likely to have fallen into extreme poverty. ”Children in poor and disadvantaged households in India are now at a greater risk of negative coping mechanisms such as dropping out of school and being forced into labour, marriage, and even falling victim to trafficking,” she said.
State-owned banks getting ready for privatisation may come out with VRS
Finance Minister Nirmala Sitharaman while unveiling Budget 2021-22 on February 1 had announced that the government proposed to take up the privatization of two public sector banks (PSBs) and one general insurance company.An attractive VRS will make them lean and fit for takeover by the private sector entities that are keen to enter the banking space, the sources said.
80 % Indians feel digital tech effectively used to respond to COVID-19: EY survey
They want the government to prioritize making certain services available online including pension planning, resources to help people set up businesses, and providing more ways for citizens to have an online say in government decision making.
Looking ahead to the future,81 percent of the Indian respondents think that technology will change the way they bank and shop,80 percent think that it will change the way they work/study, and79 per cent think that it will change the way they entertain themselves