The move is part of an effort to push use of EVs, for which high battery cost is a big hurdle. The batteries, currently being imported, account for more than half the cost of an EV and local manufacturing could help bring this down. The projects would cost as much as $5 billion (Rs 35,500 crore).
A senior government official told ET that lower contribution rule under PF will not apply to all.
The ministry has proposed constituting a social security fund or funds for provision of social security to unorganised workers, platform workers or gig workers or any class of such workers to be administered by the central government in the social security code.
The new technologies to be covered under the widened PMKVY may include artificial intelligence, internet of things, big data, 3D printing, virtual reality and robotics. This is in sync with Prime Minister Narendra Modi’s vision of making India the skill capital of the world, the official said.
This is based on the idea that the govt subsidises protein-rich food, including eggs, fish, chicken and meat.
Ministry feels delay is essential as bills’ technical provisions are significant. The ministry has decided to seek the committee’s views as it feels the proposals will have farreaching implications, but the move may slow down the pace of labour reforms being pushed by the government.
New Bill gives employees option to reduce their PF contribution, resulting in higher take-home pay.
The commission, on Thursday, submitted its report for financial year 2020-21 to the President for further necessary action. The recommendations will be effective from next financial year.
Conclusive land titles are guaranteed by the state for their correctness and entail provision for compensation by the state in case of any disputes. Guaranteed title systems have been developed and adopted in countries such as Australia, New Zealand, Singapore and the United Kingdom.
The model legislation, drafted by the Aayog three years ago, is yet to be adopted by states. Most state governments have either legally banned or slapped restrictions on agricultural land leasing that have forced tenancy to be informal, insecure and inefficient. The share of agriculture in GDP is only about 14%, but it employs 49% of the country’s total workforce.
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