Atmanirbhar Bharat Rozgar Yojana News

The govt will provide subsidy for two years in respect of new employees engaged on or after 1st Oct 2020 and up to 30th June 2021 It will pay both 12% employees' contribution and 12% employers' contribution i.e. 24% of wages towards EPF It will pay only employees' share of EPF contribution i.e. 12% of wages in respect of new employees in establishments employing over 1000 employees for two years

The Cabinet approved laying of an undersea optical fibre cable to 11 Lakshadweep Islands to provide high-speed broadband internet connectivity It would be on the lines of the one recently laid to Andaman and Nicobar Islands. The cabinet also approved setting up of 1 crore data centres The govt also decided to provide Rs 22,810 cr towards employee, employer contribution to the retirement fund of new hires for 2 years