Labour Minister News

It is objective of the 'Fit India' movement that all should be healthy in the country, the minister stated. However, the name of the 10 cities to be added to the pilot would be announced later. Yadav also announced that vacancies for appointing 5,000 doctors at ESIC hospitals will be filled in this calendar year expeditiously.

 Bandaru Dattatreya is MP from Secunderabad, Andhra Pradesh.

Labour Minister Bandaru Dattatreya has said the bill which seeks to double the tax-free gratuity ceiling to Rs 20 lakh is likely to be pushed for passage in the upcoming monsoon session of Parliament, beginning July 17.

Nobel laureate Kailash Satyarthi, the indefatigable activist for children`s rights, said India`s ratification of the two ILO conventions was a "very happy moment for me."

Labour Minister Bandaru Dattatreya on Monday clarified that the retirement fund body EPFO will not construct houses, but become a facilitator for its over four crore members so that they can buy homes.

The government has ratified 8.65 per cent rate of interest on EPF deposits for 2016-17 which would now be credited into the accounts of members of the retirement fund body EPFO.

The Finance Ministry is believed to have permitted the Labour Ministry to go ahead with 8.65 percent rate of interest on employees' provident fund for 2016-17, which will benefit over four crore EPFO members.

About 4 crore subscribers of EPFO will get 8.65 per cent interest on provident fund deposits for 2016-17, as decided by the organisation's trustees in December, Labour Minister Bandaru Dattatreya said on Thursday.

The board of retirement fund body EPFO on Wednesday deferred the proposal to raise investment in stock market to 15 per cent of its investible deposits from current 10 percent.

In order to ensure that workers receive their salaries either through cheques or directly in their bank accounts, Union Labour Minister Bandaru Dattatreya on Sunday said the Centre would soon amend the Payment of Wages Act.

Over four crore subscribers of the retirement fund body EPFO would be able to pledge their provident fund to buy houses and use their accounts to pay equated monthly instalments (EMIs) from next fiscal.

The government on Friday called upon central trade unions to reconsider their decision to go ahead with their proposed nation-wide strike on September 2.

Buoyed by strong stock markets, Labour Minister Bandaru Dattatreya has said the Employees Provident Fund Organisation may invest up to 12 per cent of its investable amount in equities over a period of time.    

Retirement fund body EPFO is working on a proposal to provide low cost housing to its over five crore subscribers.

Facing strong protest from the trade unions over reduction in EPF interest rate, Labour Minister Bandaru Dattatreya said on Thursday that he will discuss the issue with Finance Minister Arun Jaitley.

Labour Minister Bandaru Dattatreya today urged Health Minister J P Nadda to reconsider the mandated pictorial warnings covering 85 percent of the packaging space on beedi packets, a move that threatens the livelihood of 1.50 crore workers

Labour Minister Bandaru Dattatreya today said he is holding discussions on the controversial budget proposal to tax EPF withdrawals with the Finance Ministry and government will reveal final details on the issue during the debate on Budget. 

Labour Minister Bandaru Dattatreya today said he is holding discussions on the controversial budget proposal to tax EPF withdrawals with the Finance Ministry and government will reveal final details on the issue during the debate on Budget.

Clarifying on EPF taxation issue, Labour minister Bandaru Dattatreya on Wednesday said that the government is in discussion with stakeholders and is considering all aspects.

The state-run pension fund's Central Board of Trustees (CBT) would be asked to speed up the investment process, Union Minister of State for Labour Bandaru Dattatreya said here.