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Dear All, Greetings from Street HR!!! Good news for Pensioners who had Twenty or more  year pensionable service. EPFO has given direction to all its offices to implement the office earlier circular dated 25.07.2016 and pay the pension with two years weightage of service in case you have completed 20 plus pensionable years. Even your pension is settled or you have not made any representation, you will be paid pension at revised rate. Please find a circular of EPFO dated 20.09.2016 to this effect. Add caption

Dear Readers, Greetings from Street HR!!! EPFO had released new notification regarding   Merger of Duplicate Universal Account Numbers (UAN ). This will solve duplicity of UAN as EPFO System will identify duplicate UAN and deactivate the old UAN and PF Member can receive their arrears from previous employer in their New UAN.   Add caption Please find the Notification below regarding Merger of UAN Add caption Regards, Team Street HR Your True National Compliance Partner Street HR & Associates Pvt. Ltd. www.streethr.com

The Aam Aadmi Party (AAP) government’s plan to hike minimum monthly wages by 50 per cent to around Rs. 14,000 for workers in Delhi has been scrapped in its current form. Following a diktat from Lieutenant-Governor Najeeb Jung, the Delhi government has been compelled to start the entire exercise of computing the revised minimum wages afresh. “The minimum wages advisory committee has been reconstituted and notified now. It will meet on September 23 to start fresh discussions to fix minimum wages,” said a top State Labour Ministry official.  Industry chambers had raised apprehensions about the formula, the official said. “The calculations will be revisited now as industries too had raised a few objections,” he added. The previous 13-member advisory committee was termed ‘illegal’ by the LG as it was formed without his approval. Mr. Jung had earlier this month sent back the Delhi government’s proposal to substantially hike the minimum wage asking it to restart the entire pro

https://boardhr.blogspot.com/2020/04/esic-rcci-letter-to-shri-b-dattatreya.html

The proposed changes to the Maternity Benefit Act does a lot to bring India on par with international standards which provide 14 weeks of paid Maternity Benefit. However, some of the changes proposed could significantly increase costs for employers. The Maternity Benefit (Amendment) Bill, 2016 (the  Amendment ) was recently passed by the Rajya Sabha to amend certain provisions of the Maternity Benefit Act, 1961 (the  MB Act ). As number of women entering the workforce is  increasing , there is a renewed focus on whether the benefits provided by existing  legislation , such as the MB Act, encourage  exclusivity . It has also often been highlighted that the 12 weeks of paid maternity leave provided for under the MB Act falls short of the international standard of 14 weeks as set by the International Labour Organisation. Given this, there has been a concerted push to amend the MB Act, with several ministries in the government coming up with proposals for change. In this backgro

The Employees' State Insurance Corporation (ESIC) today raised the monthly wage threshold to Rs 21,000, from the current Rs 15,000, for coverage under its health insurance scheme. In a meeting held today, the ESIC board also decided to give an option to existing insured persons to continue membership even if their wage breaches the ceiling of Rs 21,000 per month. At present, all those insured under the ESIC scheme lose their membership of ESIC as well as that of the insurance cover if their wage overshoots the ceiling. "ESIC has raised the threshold wage limit from Rs 15,000 to Rs 21,000," Labour Minister Bandaru Dattatreya told PTI after the board meeting of ESIC here. Labour Minister is the Chairman of the ESIC Board. Both the decisions will be implemented from October 1. Dattatreya added that the move of raising the threshold will help bring in an additional 50 lakh members to ESIC. At present, ESIC has 2.6 crore insured persons, which covers ov