Page-3 of Indian labour law Current Affairs, GK & News

Election Commission revises MGNREGA wage rates

Election Commission has approved to revise the wages under the MGNREGA ( Mahatma Gandhi National Rural Employment Guarantee Act) scheme under the request of Rural Development Ministry from 1st April. The new wages has been notified which will be linked with the Consumer Price Index for agricultural labourers. The increase could be up to 5 ..

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Central Government contribution in National Pension Scheme (NPS) raises to 14%

The Union Cabinet has recently raised the government’s contribution to National Pension Scheme (NPS) to 14% of basic salary from the current 10%. However, minimum employee contribution will remain at 10%. The Cabinet also allowed government employees to commute 60% of the fund accumulated at the time of retirement, up from 40% at present. Also, ..

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AP government approves an unemployment allowance scheme “Mukhyamantri Yuva Nestam”

The Andhra Pradesh Cabinet has recently approved an unemployment allowance scheme “Mukhyamantri Yuva Nestam” through which an allowance of Rs 1000 per month will be provided to unemployed youth in the state. Unemployed youths with a degree or diploma between the ages of 22 and 35 years are eligible to avail the benefit. The state ..

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The conference on implementation of National Pension System (NPS) by Central Autonomous Bodies (CABs) held in New Delhi

The conference on implementation of National Pension System (NPS) by the Central Autonomous Bodies (CABs) was held in New Delhi. It was organized by Pension Fund Regulatory and Development Authority (PFRDA). The prime objective of the conference was to provide a forum to all the CABs, where the progress in the implementation of NPS with ..

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Fixed Term Employment

Fixed-term employment is a contract in which a company or an enterprise hires an employee for a specific period of time. Features: In most case it is for a year but can be renewed after the term expires depending on the requirement. In a fixed-term employment, the employee is not on the payroll of the ..

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