Job cre­ation be­ing in­cen­tivised by peg­ging EPF con­tri­bu­tion rate at 8.3% for new em­ploy­ees

FICCI Business Digest - - Contents -

The gov­ern­ment has in­cen­tivized job cre­ation by peg­ging the EPF con­tri­bu­tion rate at 8.3% for new em­ploy­ees. This has been done in view of the need to cre­ate one crore jobs by next year. This was stated by Ban­daru Dat­ta­treya, Min­is­ter of State for Min­istry of Labour & Em­ploy­ment (IC), Gov­ern­ment of In­dia, at the 82nd An­nual Gen­eral Meet­ing of All In­dia Or­gan­i­sa­tion of Em­ploy­ers (AIOE), an al­lied body of FICCI, on the theme 'In­dus­trial Re­la­tions – A tool to pro­mote Growth and Em­ploy­ment' in New Delhi on May 9, 2016.

Dattareya said that dig­nity of la­bor was of ut­most im­por­tance there­fore the new labour codes were be­ing for­mu­lated in four ar­eas namely wages, in­dus­trial re­la­tions, so­cial se­cu­rity and work­ing con­di­tions to strengthen safety and so­cial se­cu­rity of work­ers. He added that these codes would sim­plify, amal­ga­mate and ra­tio­nal­ize the rel­e­vant pro­vi­sions of the cen­tral labour laws.

The Min­is­ter said that the re­forms in the sec­tor needed to be fast-paced for which the gov­ern­ment had ini­ti­ated egov­er­nance ex­pe­dit­ing the pro­cesses and de­vel­op­ing bet­ter in­dus­trial re­la­tions. He added that ease of do­ing busi­ness was one of the fore­most agen­das of the Min­istry; hence pro­cesses were be­ing sim­pli­fied.

Dattareya said that his Min­istry gives high im­por­tance to the tri­par­tite mech­a­nism. Pro­mot­ing sound and har­mo­nious in­dus­trial re­la­tions and bet­ter un­der­stand­ing be­tween em­ploy­ers and work­ers and growth and de­vel­op­ment of in­dus­try, so­cial di­a­logue be­tween the three so­cial part­ners i.e. gov­ern­ment, em­ploy­ers and trade unions are crit­i­cal for the de­vel­op­ment of the coun­try.

The Min­is­ter un­der­lined that more than 90% of the work­force in the coun­try was in the un­or­ga­nized sec­tor. Hence the gov­ern­ment had planned to bring these work­ers in the or­ga­nized sec­tor in phases. In the first phase all con­struc­tion work­ers in the coun­try would be brought un­der the am­bit of the or­ga­nized sec­tor.

On the oc­ca­sion, Dattareya fe­lic­i­tated the win­ners of the Best In­dus­trial Re­la­tions Awards 201415. Tata Steel Lim­ited se­cured the first po­si­tion, fol­lowed by Neyveli Lig­nite Cor­po­ra­tion Lim­ited and J K Lak­shmi Ce­ment Lim­ited. Tata Steel Lim­ited made a pre­sen­ta­tion high­light­ing the in­dus­trial re­la­tions best prac­tices fol­lowed by the com­pany.

In his Pres­i­den­tial Ad­dress San­jay Bha­tia, Pres­i­dent, AIOE, said that AIOE fully sup­ported the Gov­ern­ment's new ini­tia­tive like 'Make in In­dia' and 'Stand-up In­dia' to pro­vide fil­lip to the man­u­fac­tur­ing sec­tor, gear­ing up em­ploy­ment gen­er­a­tion and en­trepreneur­ship de­vel­op­ment. But, it would re­quire sim­ple, flex­i­ble and growth ori­ented labour pol­icy re­plac­ing the ex­ist­ing ar­chaic and rigid pol­icy regime.

Bha­tia said that The Small Fac­to­ries (Con­di­tion of Ser­vice) Draft Bill, 2014 is yet to be in­tro­duced in the Par­lia­ment. It had pro­posed a num­ber of mea­sures to cut through cum­ber­some and avoid­able pa­per­work to seek mul­ti­ple com­pli­ances, pro­vid­ing re­lief to en­trepreneurs and im­prov­ing 'ease of do­ing busi­ness'. He re­quested the min­istry to kindly in­tro­duce the Bill at the ear­li­est pos­si­ble.

Gau­rav Swarup, Pres­i­dent Elect, AIOE, said that the ini­tia­tives by the gov­ern­ment to in­tro­duce the IR code had cre­ated a positive work­ing cul­ture and should be taken to its log­i­cal con­clu­sion. These amend­ments pend­ing for a long time have made in­vestors to shy away, and look for in­vest­ment op­por­tu­ni­ties in the neigh­bor­ing coun­tries. On be­half of AIOE, he as­sured that the em­ploy­ers will do their best to en­sure an en­vi­ron­ment of growth and so­cial har­mony in the coun­try.

Ban­daru Dat­ta­treya, Min­is­ter of State for Min­istry of Labour & Em­ploy­ment (IC), Gov­ern­ment of In­dia, ad­dress­ing the 82nd An­nual Gen­eral Meet­ing of All In­dia Or­gan­i­sa­tion of Em­ploy­ers.

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