Centre committed to Employment Security , Wage Security and Social Security to every Worker:Shri Bandaru Dattatreya Amendnment to bonus act doubled benefit amount with enhanced reach

Centre committed to Employment Security , Wage Security and Social Security to every Worker:Shri Bandaru Dattatreya Amendnment to bonus act doubled benefit amount with enhanced reach The Governments paramount priority is the Welfare of Workers and its endeavor is to achieve Employment Security, Wage Security and Social Security to every Worker especially the Unorganised workers who constitute 93% of our workforce. This was stated by Shri Bandaru Dattatreya, the Union Minister of State(IC) for Labour and Employment here today while addressing a Press Conference. The Minister said that during the last two years for the benefit of work force the Government has amended the Bonus Act increasing the eligibility limit from Rs. 10,000 to Rs. 21,000 and benefit ceiling from Rs. 3500 to Rs. 7000, Minimum Pension of Rs. 1000 per month in perpetuity which is benefiting more than 20 lakh pensioners. The Minister said, the Government has announced interest @ 8.8% to EPF subscribers for the year 2015-16 which is the highest rate of interest for any saving instrument in the country. Further, our Govt. on March, 29th, 2016 in a historic decision decided to credit interest to 9.23 Crore inoperative accounts of EPFO which was stopped by the UPA Government in February, 2011. A new and pragmatic scheme has been launched for eliminating the social evil of Bonded Labour he added. He said ,the Ministry of Labour and Employment have initiated process of reforming the archaic labour laws to create a conducive, cordial and harmonious environment in the country. Towards this Ministry is simplifying the 43 Labour Laws into 4 Labour Codes which aims to amalgamate and rationalize the provisions of these 43 Labour Laws : These are Labour Code on Wages,Labour Code on Industrial Relations, Labour Code on Social Security & Welfare and Labour Code on Safety & Working Conditions. To achieve this huge objective, tripartite consultations are held from time to time for consensus. Two of these codes have been finalized and necessary approvals are being sought, the Minister added. On Reforms Through Technology ,The Minister said a unified Web Portal Shram Suvidha Portal was laubnched on 16.10.2014, to bring transparency and accountability in enforcement of labour laws and ease complexity of compliance. It caters to four major Organizations under the Ministry of Labour, namely Office of Chief Labour Commissioner (Central), Directorate General of Mines Safety, Employees Provident Fund Organization; and Employees State Insurance Corporation. The Minister said eradication of Child Labour is a priority and to address the issue Government has proposed to amend the Child Labour (Prohibition & Regulation) Act, 1986 with the objective of complete prohibition on employment of children below 14 years and linking the age of prohibition with the age under Right of Children to Free & Compulsory Education, Act, 2009. The amendment also intends to make the punishment for employers more stringent and make the offence cognizable for employers on employing any child or adolescent in contravention of the Act. The Minister said that the Government is implementing National Career Service (NCS) Project for transforming and strengthening the public employment services in the country with an aim to bring job seekers, employers and training providers on a common platform with efficient use of information technology. National Career Service (NCS) Project aims to address the gaps in the employment market by strategic interventions and partnership with leading institutions and organizations. Central Ministries and State Governments have also been involved in making the NCS Portal (www.ncs.gov.in) a vibrant platform. The NCS Portal dedicated to the nation in July, 2015 has successfully registered over 3.5 crore candidates and all the 9 lakh establishments having a Labour Identification Number are also registered. The Minister also spoke about two Social security organizations The Employees State Insurance Corporation providing comprehensive medical care and cash benefits in the contingencies of Sickness and Employees Provident Fund Organization providing social security to the organized workforce of the country.

Centre committed to Employment Security , Wage Security and Social Security to every Worker:Shri Bandaru Dattatreya Amendnment to bonus act doubled benefit amount with enhanced reach

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