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Showing posts from November, 2016

Payment Through Bank Account

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Dear Employer, As per the direction of Government of India, the following advisory is issued for your necessary compliance from EPFO Departments  :  "For financial inclusion of worker, all Establishment are advised to make timely payment of wages through bank account. Pre-paid cards of suitable denomination can also be issue for making part payment." Also  Please find the above circular issued dated 25 November 2016 from Ministry of Labour and Employment, New Delhi regarding “launching a campaign to open bank accounts in respect of those workers of organized and unorganized sector who do not have their own bank account till date". To explain further it can say that,  we all seen one of the big changes in Indian currency, thus with that things in mind our Government of India given directives for a campaign which has been launched at various places to open bank accounts of those employees who do not have their own bank account till date.

Employees' Provident Funds (Fifth Amendment) Scheme, 2016

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Employees' Provident Funds (Fifth Amendment) Scheme, 2016 Nepalese & Bhutan shall be deemed to be an Indian worker In the indian Market many employees come from Bhutan & Nepal for Job & specially this employees are working in Security Guard etc & when and they were treated as International worker & the respective employee cant withdraw the respective dues when he leave the job  & he has to wait till age 58 as per International Worker rules as framed under EPF act  Considering the above fact & condition labour ministry & EPF Board of Trustees have made an amendment in Employees' Provident Funds (Fifth Amendment) Scheme, 2016 In the Employees’ Provident Funds Scheme, 1952 , in paragraph 83, in sub-paragraph (2), in clause (ja), after sub-clause (b), the following proviso shall be inserted, namely :- “Provided that the worker who is a Nepalese national on account of Treaty of Peace and Friendship of 1950 and the worker who is a Bhutanese

Press Release - ESIC Limit Increases from Rs 15000 to Rs 21000

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On September 7 2016  labour ministry had declared that ESIC Limit will Increases from Rs 15000 to Rs 21000 on 6th Oct 2016 Draft rules were released &  30 days time limit was given for calling for objections & suggestion Yesterday in the Press Information Bureau Ministry of Labour & Employment Shri Bandaru Dattatreya declared that The Employees State Insurance Corporation(ESIC) has approved the enhancement of wage ceiling  from present Rs. 15,000 per month to Rs. 21,000/-. The gazetted copy of the same will be published very soon 

Holiday Notification for Year 2017

In exercise of the powers of Central Government under section 25 of the Negotiable Instruments Act, lSSl (XXVI of 18S1) entrusted to it by the Government of India, Ministry of Home Affairs vide its Notification No.39/1/68/JUdl-IIIIdated the 8th  May 1968, the Government of all the respective state will hereby declares the following days as Public Holidays in the State of Maharashtra during the year 2017. Street HR team will try to bring all the Holiday List for Year 2017 as on it release. Maharashtra -   https://drive.google.com/drive/folders/0B5rIbmaiFFQVTkRTRjRBNjRjd2M  Goa -  https://drive.google.com/drive/folders/0B5rIbmaiFFQVTkRTRjRBNjRjd2M Kerala -  https://drive.google.com/drive/folders/0B5rIbmaiFFQVTkRTRjRBNjRjd2M or  http://www.lc.kerala.gov.in/images/holydays2017.pdf

The Employees’ Provident Funds (Sixth Amendment) Scheme, 2016

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Dear all, Amendment in the respective Employees’ Provident Funds (Sixth Amendment) Scheme, 2016 i.e in para 72  In the Employees’ Provident Funds Scheme, 1952, in paragraph 72, in sub-paragraph (6),- (a) for the words “ceased to be employed”, the words “retired from service after attaining age of fifty-five years or migrated abroad permanently” shall be substituted;  (b) the words “or transfer,  as the case may be” shall be omitted;  (c) after the proviso, the following new proviso shall be inserted, namely:- Further a good Move by the labour Ministry where in one more provision has been inserted  “ Provided further that if any amount becoming due to a member, as a result of supplementary  contributions on account of litigation or default by the establishment or a claim which has been settled but is received back undelivered not attributable to the member, shall not be transferred to the  inoperative account.”.