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Government to Open Bank Accounts for Workers Today, Says Labour Minister Bandaru Dattatreya

Government to Open Bank Accounts for Workers Today, Says Labour Minister Bandaru Dattatreya

Latest news from Central Government regarding bank accounts. The Labour Minister Bandaru Dattatreya yesterday said that Government to start a nationwide campaign to open bank accounts for workers on Saturday.

Speaking about this campaign, Minister said Government had been decided to follow this route of digital transactions more dynamically than ever before. “The bank accounts will open for workers both in organized and unorganized sectors,” said, Bandaru Dattatreya.

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“The Special Campaigns will organize in every district at specific locations from today to help people to open their bank accounts. The Government has been decided to monitor this type of digital transactions more strongly than ever before,” he added.

He also said that the message has already been sent to all the states in this respect requesting their active co-operation. Minister Dattatreya wanted the cooperation of all establishments, employers, employees associations and others to confirm that the poor workers access these camps and gain the services. The campaign will continue for a few days through the concerned banks, their business correspondents, and fields as required.

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EPFO Brings New Rules for PF Claims in Case of Death

EPFO Brings New Rules for PF Claims

Are you irritated and worried about delays in settlement of PF Claims? Don’t worry, the new set of rules have been announced by the Government for EPF claims in case of death or retirement. On taking Prime Minister Narendra Modi directions, The Employees Provident Fund Organization (EPFO) has announced new guidelines to its officials to settle death PF claims within seven days from the date of submission of a form.

At present, the organization is taking 20 days to settle PF claimed by the person in case of death. However, the time was reduced to seven days by taking Prime Minister Narendra Modi decision during a review meeting on October 26.

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On speaking about this, Central PF Commissioner VP Joy said that “On taking PM directions, we have informed that EPF claims for Death cases to be settled within 7 days. PM Modi raised the disquiets about delays in settlement of PF claims in case of death or retirements. So, we are here to inform that all death Employee Provident Fund claims submitted by nominee or wife or legal inheritors of EPF members to be perpetually settled within seven days from the date of submission of PF claim form in particular offices.”

The new changes are applicable for both death and retirement cases, but top priority has given to Death PF claims. The circular released by EPFO mentioned that all death claims will be given top priority and officials in charge at all EPF offices will individually monitor the death cases on day to day basis. Currently, the settlements for PF claims applied by employees take up to 20 days from administrations like Employees Provident Fund, Employees Pension Scheme and Employees Deposit Linked Insurance which has directed by EPFO.

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EPFO celebrated the 64th Promulgation Day of the Employees Provident Funds and Miscellaneous Provisions Act, 1952. Labour Minister Bandaru Dattatreya was the chief guest for an event and praised the services provided by EPFO.

Employees’ State Insurance Corporation Raises the Coverage Limit to Rs.21000

Employees’ State Insurance Corporation Raises the Coverage Limit to Rs.21000

The Employees’ State Insurance Corporation (ESIC) has decided to increase the threshold limit for mandatory coverage for organized sector workers from Rs.15000 to Rs 21000 a month, which will come into effect from 1 October. This step might get an additional 50 lakh employees under its operation taking the tally of insured persons (IPs) to more than three crores. This will be the rise in wage ceiling for the ninth time since the implementation of the scheme in 1952.

“A raise in the ceiling for mandatory coverage under the Employees’ Provident Fund (EPF) is also under consideration, and the matter will be taken up for discussion at the retirement fund body’s next meeting of the Central Board of Trustees (CBT),” said, Bandaru Dattatreya, labor and employment minister. “ESIC has raised the threshold wage limit from Rs 15,000 to Rs 21,000. Both the decisions will come into form from 1 October,” he added.

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At present, ESIC has insured persons of 2.6 crores in number which covers more than 10 crore people, considering four members from each family. Dattatreya also mentioned about a plan to raise the wage threshold for retirement fund body subscribers of EPFO, and it might be considered in the Central Board of Trustees (CBT) next meeting.

“It’s a pro-worker move and in a way historical. After hiking the minimum wage late last month, the Union government has again taken a pro-employee stand that will benefit 1.2 crores more beneficiaries,” said S. Mallesham, another ESIC board member.

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Unless the medical facilities quality gets improve, an increase in wage ceiling will not be a decision which actually benefits. The question is that when there are 14000 vacancies in the ESIC system, how one can serve more people.

Govt Introduces Labour Reforms: Maternity leave extended from 12 weeks to 26 weeks

maternity leave extended from 12 weeks to 26 weeks

New mothers to cheer:

In a heart winning move, NDA government has introduced Maternity Benefit (Amendment) Bill in Rajya Sabha which will increase the leave period for new mothers.

According to reformed Maternity Benefit Act, the government will provide 26 weeks of paid maternity leave which was 12 weeks earlier. This amendment will be applicable to working mothers in the formal sector (organised sector) up to two births. For following child births, the women can avail 12 weeks of maternity leave.

Through this step, 1.8 million women workers will be receiving this benefit. The amendment also ensures that in case the establishment has 50 or more employees the employer must provide mandatory crèche facilities.

Labour Minister Bandaru Dattatreya said “We are thinking as to how we can extend this benefit to mothers in the unorganised sector,”

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After the new bill was passed some women, MP’s from Rajya Sabha demanded paternity leaves for fathers who are not present in India. However, 15 Days of paternity leave is allowed for male employees, which is not in the form of law.

Rajya Sabha Member Anu Aga said, “Men leave the burden of bringing up kids to women. By bringing in paternity leave, we can sensitise them on bringing up children,”

Apart from the above resolution government has also approved Factories (Amendment) Bill, 2016 in Lok Sabha.

Labour Minister Bandaru Dattatreya introduced the bill which is aimed to change the Section 64 and Section 65 of the Factories Act, 1948 which deals with overtime hours.

The over time hours are increased from 50 hours per week to 100 hours per week. The government wanted to increase it to 125 hours, but these changes may be inappropriate once entire Factories Act, 1948 will be made into effect.

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This move will ensure more productivity and increased employment opportunity for all. However, as per the regulations of International Labour Organization, no employee can be asked for work for more than 12 hours in a single shift. This was mentioned by the Labour Minister for ensuring employee’s welfare.