Government Proposes Social Security and Welfare of Employees of Organized Sector

0
69

IndiaCSR News Network

NEW DELHI: The Union Budget presented by Shri Arun Jaitley, Minister of Finance, yesterday has a number of proposals relating to welfare of employees.

Following is the text of the speech delivered by the Finance Minister:

“Government is fully committed to the social security and welfare of employees serving in the organized sector. The Government is notifying minimum pension of Rs 1,000 per month to all subscriber members of EP Scheme and has made an initial provision of Rs 250 crore in the current financial year to meet the expenditure.

Further, increase in mandatory wage ceiling of subscription to EPS from Rs 6,500 to Rs 15,000 has been made and a provision of Rs 250 crore has been provided in the current budget. For the convenience of the subscribers, EPFO will launch the “Uniform Account Number” Service for contributing members to facilitate portability of Provident Fund accounts.”

[Seminar Theme: Understanding Indian CSR Law (www.seminar.indiacsr.in)
Venue: Hotel Babylon Inn, Jail Road, Raipur, Chhattisgarh
Date: August 9, 2014 (9:00am to 4:00pm) ] advt

indiacsr logo

Comments

comments

SHARE
Previous articleCSR Spend: Budget Dashes India Inc’s Tax break Hopes
Next articleSeminar on ‘Understanding India CSR Law’, Must Attending for PSUs Leaders, Directors & CSR Heads
India CSR Network
India CSR Network is India's biggest and most trusted news portal in the domain of CSR & Sustainability. India CSR welcomes stories, statements, updates, reports on issues that interest you. Feedback, comments will make it more purposeful and resourceful. It is designed and maintained by India CSR Group. Contents are non-fiction. Though all efforts have been made to verify the accuracy, the same should not be construed as a statement of law or used for any legal purposes. In case of any ambiguity or doubts, readers are advised to verify with the source(s). Statement, articles, views and contributions can be sent to editor@indiacsr.in