INDUSTRIAL RELATIONS CODE BILL
Parliamentary standing panel invites suggestions on Industrial Relations Code, Code on Social Security
“The committee have decided to invite memorandam containing views and suggestions separately on each code from the public in general and NGOs/ experts/ stakeholders and institutions in particular,” labour ministry said in a statement. The bills have been referred to the standing committee for examination and report within three months.
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Lok Sabha speaker refers bankruptcy code amendment bill to standing committee
The bill seeks to amend the Insolvency and Bankruptcy Code (IBC) so successful bidders of insolvent companies will be ring-fenced from any risk of criminal proceedings for offences committed by previous promoters of companies concerned. It was passed by the Cabinet and subsequently introduced in the Lok Sabha during the Winter session earlier this month.
DPIIT to discuss with cos issues related with data storage in draft e-comm policy on Jan 14
Representatives from different companies including Accenture, Adobe, Facebook, Genpact, Google, HCL, Infosys, Intel, Microsoft and TCS are expected to participate in the deliberations, sources said.
Govt introduces Labour Code on Industrial Relations bill in Lok Sabha
The industrial relations code is the third of four labour codes that have got approval from the Cabinet. The Bill consolidates essential elements of three laws—the Trade Unions Act, 1926, the Industrial Employment (Standing Orders) Act, 1946, and the Industrial Disputes Act, 1947—helping improve ease of doing business.
Industrial Relations Code: Non-renewal of contract won’t be retrenchment
The labour code on Industrial Relations 2019, cleared by the cabinet last week, also says that fixed-term employees will get all statutory benefits like social security, wages, etc. on par with the regular employees who are doing work of same or similar nature. The Bill is expected to be introduced in parliament on Wednesday.
ETRISE Top MSMEs Ranking: As GST collections slip, compliance cost increases
A slowdown in consumption is also hurting tax collections and a prolong period of economic uncertainty will further pressure.
Unions to protest against industrial relations code
The Union cabinet approved the Industrial Relations Code, 2019 that proposes to retain the threshold of 100 employees to impart flexibility to firms for retrenchment, but it has a provision for changing ‘such number of employees’ through notification. Trade unions across the country resent the Code and plan to launch a nationwide agitation.
RSS-affiliate BMS presses for further scrutiny of Social Security Code Bill
According to BMS, since the code continues to retain the threshold under each legislation including the provident fund, employees’ state insurance, gratuity and maternity benefits, it will not benefit the entire 500 million workforce of the country. "Main concern that remains in the Code is the lack of its universal character," it said.
Social Security Code Bill introduced in Lok Sabha
The Bill proposes setting up a social security fund using corpus available under corporate social responsibility. This fund will provide welfare benefits to all workers, including gig workers. As per the bill, millions of organised sector employees may soon have the option of reducing their provident fund contribution.
Cabinet approves code to allow fixed-term employment
Fixed-term employment, which the govt had allowed for all sectors last year, has now been codified.
With four labour codes, 2020 to be a 'year of reforms': Santosh Gangwar
Entering 2020, the government hopes that India would be able to implement all four codes on wages, industrial relations, social security and occupational safety, health and working conditions. These are expected to improve ease of doing business and safeguard interest of workers.
Govt taps cos for suggestions to draw data storage funding
In a meeting with around 20 companies and industry associations, the Department for Promotion of Industry and Internal Trade (DPIIT) also asked Amazon, Microsoft and Wipro to compile challenges and possible solutions for data storage, and come back to the department in two weeks.
HC seeks Centre's reply on RIL plea to recall orders asking it to disclose assets
Justice J R Midha issued notice to the central government on RIL's application and listed the matter for hearing on February 6. The application was filed in a pending petition of the government for execution of an arbitral award in its favour. RIL has sought recall of two previous orders of November 22 and December 20, 2019.
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