Labour Laws

Amendments in Labour Laws as part of Aatma-Nirbhar Bharat COVID-19 Relief Package

Amendments in Labour Laws as part of Aatma-Nirbhar Bharat COVID-19 Relief Package

Finance Minister today held second Press conference announcing details of Aatma-Nirbhar Bharat 20 lakh crores package.

The initiatives announced today included a total of 9 measures, namely:

a. 3 related to Migrant workers
b. 1 related to Street vendors
c. Small traders
d. Self-employed people
e. 2 on Small farmers
f. 1 on housing
 

Salient features of the announcements related to amendments in labour laws were as under:

Labour Codes – Benefits for Workers

1. Universalization of right of minimum wages and timely payment of wages to all workers including unorganized workers -presently minimum wages applicable to only 30% of workers.

2. Statutory concept of National Floor Wage introduced. This is expected to reduce regional disparity in minimum wages.

3. Fixation of minimum wages simplified, leading to less number of rates of minimum wages and better compliance.

4. Appointment letter for all workers to promote formalization.

5. Annual Health Check-up for employees.

6. Occupational Safety & Health (OSH) Code also applicable to establishments engaged in work of hazardous nature even with threshold of less than 10 workers.

7. Definition of inter-state migrant worker modified to include migrant workers employed directly by the employer, workers directly coming to destination State of their own besides the migrant workers employed through a contractor.

8. Portability of welfare benefits for migrant workers.

9. Extension of ESIC coverage pan-India to all districts and all establishments employing 10 or more employees as against those in notified districts/areas only.

10. Extension of ESIC coverage to employees working in establishments with less than 10 employees on voluntary basis.

11. Mandatory ESIC coverage through notification by the Central Government for employees in hazardous industries with less than 10 employees.

12. Social Security Scheme for Gig workers and Platform workers.

13. Re-skilling fund introduced for retrenched employees.

14. All occupations opened for women and permitted to work at night with safeguards.

15. Provision for Social Security Fund for unorganised workers.

16. Gratuity for Fixed Term Employment-Provision of gratuity on completion of one year service as against 5 years.

Share

Recent Posts

  • Empanelment

FDCM invites application for empanelment of practising CAs/ Chartered Accountant Firms

Invitation For Empanelment Of Practising Chartered Accountants / Chartered Accountant Firms Forest Development Corporation of Maharashtra Limited (FDCM Limited), Nagpur,…

2 days ago
  • Empanelment

PGRI invites application for CAs for empanelment for Circulation Verification work

Press Registrar General of India (PGRI) invites application for empanelment of Chartered Accountants. The Press Registrar General of India manages…

2 days ago
  • Income Tax

CBDT notifies revised Form for registration as valuer & authorised income tax practitioner

CBDT notifies revised Form No. 169 for making application for registration as a valuer under section 514 and authorised income…

2 days ago
  • Income Tax

Curtailing time to file reply to notice u/s 148A(b) from 30 days prejudiced assessee’s right – HC

Curtailing time to file reply to notice u/s 148A(b) from statutorily available 30 days to 15 days seriously prejudiced assessee’s…

3 days ago
  • Income Tax

For registration u/s 12AB, applicability of proviso to section 2(15) can’t be adjudicated

At the stage of registration u/s 12AB, the CIT(E) not empowered to adjudicate applicability of provisio to section 2(15) of…

4 days ago
  • Income Tax

Flower bed area not included in “built up area” to calculate eligible limit u/s 80IB(10)

Flower bed area could not be included in the definition of “built up area” to calculate eligible limit of 1000…

5 days ago