Labour reforms will get PM Modi's push today
In line with his government’s aim of simplifying labour laws, Prime Minister Narendra Modi will on Thursday unveil a number of schemes to reduce hassles for employees and employers and create a conducive environment for business.india Updated: Oct 16, 2014 01:06 IST
In line with his government’s aim of simplifying labour laws, Prime Minister Narendra Modi will on Thursday unveil a number of schemes to reduce hassles for employees and employers and create a conducive environment for business.
According to labour ministry officials some of the schemes that will be launched at the event titled ‘Deen Dayal Upadhyay Shrameva Jayate’ include Universal Account Number (UAN) facility for Employees Provident Fund Organisation (EPFO) subscribers, a new labour inspection scheme and a unified web portal to check labour law- compliances.
The unified web portal aims at making compliance process easier for industry and will see a common window for compliances of 16 central labour laws. The portal will also enhance transparency in labour inspections based on key performance indices and provide an effective grievance redressal system.
The new inspections scheme envisages doing away with the discretionary power of inspectors and any decision on inspections will be taken only after the proposed central analysis and intelligence unit analyses the compliance reports by the employers. Also each inspector will have to submit his report online within three days, making the process transparent and accountable.
Through UAN, employees will no longer have to apply for transfer of provident fund (PF) accounts claim, while switching job anywhere in the country, reducing time in funds transfer.
The event is likely to see convergence of three schemes for the unorganised sector — Rashtriya Swastha Bima Yojana, Aam Aadmi Bima Yojana and Indira Gandhi National Old Pension Scheme.
First Published: Oct 16, 2014 00:38 IST