Blog - Page 69 of 90 - Prakash Consultancy services

Government plans to amend the existing law to bring firms with minimum ten employees under the Provident Fund coverage, the Lok Sabha was informed today.(25th Apr 2016)
Currently, companies with less than 20 employees are excluded from PF coverage.

“A proposal for comprehensive amendment to the Employees’ Provident Funds and Miscellaneous Provisions (EPF & MP) Act, 1952 is under consideration of the Government which, inter alia, includes 20 to 10
The same was mentioned by Mr. Bandaru Dattatreya (ministry of labour and employment) in written reply to a question in Loksabha today.

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Government Raises EPF Interest Rate to 8.8 Percent for 2015-16

Provident fund -News

Prakash Consultancy Services

April 29, 2016

In the third roll-back in two months, the government today raised interest rate on employee provident fund (EPF) contributions to 8.8 per cent for 2015-16 against 8.7 per cent approved by the Finance Ministry last week.

Labour Minister Bandaru Dattatreya announced the decision to raise interest rate on a day employee unions had called nationwide protests against fixing interest rates lower than 8.8 per cent decided by the retirement fund body EPFO as well as 8.75 per cent paid for the previous fiscal.

“I am happy that finance ministry has agreed to 8.8 per cent for 2015-16,” he told reporters here.

This is the third rollback on EPF. Last month the government was forced to withdraw the Budget proposal to tax a certain portion of withdrawals. Subsequently, it withdrew tighter withdrawal norms.

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Interest on delayed payment of ESI contribution

Esic-Circulars

Prakash Consultancy Services

April 22, 2016

Interest on delayed payment of ESI contribution As per new Memorandum/Instruction issued on 08.04.2016 by ESI Corpn, it has been decided that the interest on ESI contribution payable on omitted wages, shall be calculated calendar month-wise.

Prior to above instructions, the Interest on left-out wages/omitted wages reported by the Social Security Officer or Test Inspecting Officer where the number of employees, employee-wise details of wages paid and period of engagement of such employees was not available, is to be claimed after allowing a grace period of 21 days from the date of demand letter/C-18 notice from the Regional/Sub-Regional Office.

Henceforth, the interest is payable on such omitted wages from the day the ESI contribution on said omitted wages was payable.

interest-on-delayed-payment-omitted-wages-ESI-2016.pdf

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Implementation of ESI Scheme in new geographical areas of 12 revenue village of Kasauli Tehsil, Solan District in the State of Himachal Pradesh

Esic-Circulars

Prakash Consultancy Services

April 16, 2016

NOTIFICATION

In exerc ise of the powers conferred by sub-section (3) of Section 1 of Employees’ State nsurance Act, 1948 (34 of 1948) the Central Government hereby appoints the 1st April, 2016 as the date on which the provisions of Chapter IV except Sections 44 a nd 45 which have already been brought into force) and chapter -V and VI (exce pt Sub-Section (1) of Section 76 and Sections 77,78,79 and which have already been brought into force) of the said Act shall come into force he following areas in the State of Himachal Pradesh namely the respective notification is enclsoed for the same

Implementation of ESI Scheme in new geographical areas of 12 revenue village -himachal pradesh

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Implementation of AAdhar Based authentication of Beneficiaries under ESIC Act

Esic-Circulars

Prakash Consultancy Services

April 16, 2016

Dear all,

Pls refer to the the respective circular as issued by ESIC Central office where in all ESIC covered employees AAdhar Card Number is to be Link with the ESIC Number along with the ESIC Pechan card this will serve as Permanent Identity card in lieu of Biometric Pechan Card.

In case the Biometric Pechan Card is not fed the E-pechan card will only be temporary & the IP and the his/her family will not be entitled for treatment beyond 30 days of registration.

In case AAdhar number is not fed in then IP has to carry any govt issued photo identity card along with the E-pechan card for getting the treatment.In case of family members if AAdhar number id not fed in then they also have to carry any govt issued photo identity to avail the treatment.

ESIC AADHAR circular

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ESIC Challan Can Be file in One Consolidated template having multiple branches

Prakash Consultancy Services

April 14, 2016

ESIC Challan Can Be file in One Consolidated template having multiple branches

Dear all,

Now Employers having multiple branches & having multiple sub codes can file the monthly contribution in One template from this Month i.e. from Mar-2016 (if they have already filed & generated the challan then they can file from Next Month)

The creation of this facility is the result of almost 3 years of persistent follow up and efforts of Mr. Surendra Kumar Suri who retired from the Corporation as Assistant Director and is very active in assisting the stakeholders in the Corporation with his suggestions and advice, his efforts in this matter were strengthened when the Retail Association of India understood the benefit of his idea and joined hands with him to make representation to the Corporation.

This Facility is available in the Main code login in the Monthly contribution menu on the very down side pls select “File Monthly Consolidate Contribution”

After selecting the same the respective screen shot will be available as shown below please select the respective month for which is to be filed

After selecting the Month all the respective sub code as applied will be appearing here and we can select multiple Sub code and can generate the challan.

This is a very good move by the ESIC dept.

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Tamil Nadu State Election Holiday on 16 May 2016

Election Circular-2016

Prakash Consultancy Services

April 14, 2016

There will be a public holiday in Tamil Nadu on 16th May 2016 on account of General Elections of Legislative Assembly

Respective circular enclsoed TN State Election Holiday on 16 May 2016

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MINIMUM WAGES REVISED IN HARYANA w.e.f. 01-01-2016 declared on 5th Apr 2016

Minimum Wages-Haryana

Prakash Consultancy Services

April 12, 2016

MINIMUM WAGES REVISED IN HARYANA w.e.f. 01-01-2016 declared on 5th Apr 2016

The Haryana government on 05th Apr 2016 revised the legal minimum wage in the state Earlier it was declared in the Month of Nov-2015 effective date was from 25th Sep-2015 & now the effective date is from 1st Jan 2016

Category of Workers	Current Wages (Rs.)	Revised wages per month (Rs.)	Revised wages per day (Rs.)
Unskilled	7600.00	7621.00	293.11
Semi skilled A	7980.00	8002.34	307.78
Semi skilled B	8379.00	8402.00	323.15
Skilled A	8797.95	8822.58	339.33
Skilled B	9237.85	9263.71	356.29
Highly skilled	9699.74	9726.89	356.29

Detail Notification enclosed

Haryana Minimum wages w.e.f. 1st jan 2016 declared on 5th Apr 2016

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Bihar Minimum Wags 1st Apr 2016

Minimum Wages-Bihar

Prakash Consultancy Services

April 7, 2016

Dear All,

Bihar Minimum Wags have been hiked from 1st Apr 2016 necessary Notification is enclosed for your ready reference

Bihar Minimum wages april 2016

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Gujarat High Court Stay on Bonus Act 2015

Prakash Consultancy Services

April 7, 2016

Dear All,

Pls Find enclosed is the Stay order on Bonus Act 2015 in regards to Gujarat State the respective stay order is for the F,Y 2014-2015

Honble-Gujarat-High-Court-Stay Order on bonus act 2015

Gujarat Stay Order Verdict -Details

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