Posts By: Prakash Consultancy Services

Revised Minimum Wages Notification: Andaman and Nicobar Islands (Effective from July 1, 2024)

Posted by & filed under Minimum Wages Andaman Nicobar.

The Andaman and Nicobar Islands Administration has recently issued a significant update regarding the minimum wages for various categories of workers, which took effect from July 1, 2024. This revision is a crucial step in ensuring fair compensation for labor in the region, aligning with the statutory requirements of the Minimum Wages Act, 1948. In… Read more »

Comprehensive Update on Minimum Wages in West Bengal (July to December 2024)

Posted by & filed under Minimum Wages-WestBengal.

The Government of West Bengal has issued a new circular detailing the updated minimum wages for employees across various scheduled employments. These updated wages are applicable from July 1, 2024, to December 31, 2024. This comprehensive update ensures fair compensation and reflects the state’s commitment to labour rights. Zone Classifications: Zone A: Areas under Municipal… Read more »

New EPF Facility: Simplified JD Requests for Employers and Members

Posted by & filed under Provident Fund Benefits.

The Employees’ Provident Fund (EPF) has introduced a new facility aimed at simplifying the process for employers to submit Joint Declaration (JD) requests. This development is particularly beneficial for those members whose Universal Account Numbers (UANs) are not linked with Aadhar or for those who face difficulties accessing the Member E-SEWA portal. This article delves… Read more »

Alternative ESIC Payment Solution: A Detailed Guide to Ensuring Smooth Transactions through Double Verification

Posted by & filed under ESIC.

Managing employee benefits and contributions is a critical responsibility for employers in India, and the Employees’ State Insurance Corporation (ESIC) facilitates this process. However, there are times when the ESIC payment link provided by the corporation may not function correctly, causing delays and complications. Fortunately, there is an alternative solution available through the ESIC portal,… Read more »

JOINT DECLARATION FILING (NEW)-EMPLOYER PORTAL

Posted by & filed under Provident fund -News.

Streamlining Employee Record Updates: The New Joint Declaration Filing Feature Under EPFO The Employees’ Provident Fund Organisation (EPFO) has introduced a new feature to simplify the process of updating employee details. The “Joint Declaration Filing” option is now available online, allowing employers to submit joint declaration forms electronically. This significant enhancement aims to streamline the… Read more »

Transforming Compliance: Tamil Nadu’s Digital Overhaul of Shops and Establishments Regulations

Posted by & filed under Tamil Nadu Shop.

The Tamil Nadu government has recently introduced significant amendments to the Shops and Establishments Act, aimed at modernizing the registration process, enhancing compliance, and improving workplace safety. These changes, brought into effect from July 2, 2024, mark a substantial shift in the regulatory landscape, ensuring that businesses operate smoothly, and employees are better protected. Here’s… Read more »

Exemption Notification Under the Shops and Establishment Act in Chandigarh

Posted by & filed under Punjab -Shop & Establishment.

On June 25, 2024, the Chandigarh Administration Labour Department issued a pivotal notification impacting all shops and commercial establishments in the Union Territory of Chandigarh. This notification, published in the official Gazette, provides exemptions under certain sections of the Punjab Shops and Commercial Establishments Act, 1958, allowing greater operational flexibility for businesses. This detailed analysis… Read more »

Nidhi Aapke Nikat 2.0: Empowering Clients with Direct Access to EPFO Services on 27th June 2024

Posted by & filed under Provident fund -News.

Nidhi Aapke Nikat 2.0: Empowering Clients with Direct Access to EPFO Services The Employees’ Provident Fund Organisation (EPFO) is thrilled to announce the launch of “Nidhi Aapke Nikat 2.0” camps, scheduled to take place on 27th June 2024. This initiative is a testament to EPFO’s commitment to bringing essential services and support directly to its… Read more »

Comprehensive Analysis of EPFO’s -Employees Pension – Employee Deposit Link Insurance Reduction in Damages Rates: A Detailed Examination

Posted by & filed under Provident Fund - (Notification -Circulars).

Comprehensive Analysis of EPFO’s Reduction in Damages Rates: A Detailed Examination The Employees’ Provident Fund Organisation (EPFO) recently amended the rates of damages under various provisions of the EPF Scheme, the Employees’ Pension Scheme (EPS), and the Employees’ Deposit Linked Insurance Scheme (EDLI). Effective from 14th June 2024, these changes have significant implications for employers… Read more »

Enhancing Financial Security: The Latest Amendments to the Employees’ Pension Scheme (EPS) 1995

Posted by & filed under EPS -Pension Judgement.

Enhancing Financial Security: The Latest Amendments to the Employees’ Pension Scheme (EPS) 1995 The Employees’ Pension Scheme (EPS) 1995 has been a pillar of financial security for millions of Indian workers. Recently, the Ministry of Labour and Employment announced significant amendments to this scheme, aiming to improve the pension benefits for retirees. This blog explores… Read more »