Keeping in view the needs of the services sector, a separate model standing orders for the services sector has been prepared the first time, the statement said

The Atmanirbhar Bharat Rozgar Yojana scheme, which aims to create more formal jobs, to benefit around 58.5 lakh employees, says minister

CPI-IW index hasn't been revised since 2001, which ideally should be revised every five years; Labour Minister Santosh Gangwar says new index is yet to revise minimum wages and inflation in retail prices

7th Pay Commission: The Dearness Allowance of central government employees is linked with CPI-IW. Any change in base impacts the dearness allowance

The consumer price index for industrial workers (CPI-IW) is used for computing both government staff's dearness allowance (DA), pensioners' dearness relief (DR) as well as industrial workers' salaries

Labour unions have opposed new rule which allows companies with upto 300 employees to lay-off staff and close the firm without government approval. The threshold for this was 100 employees earlier

The EPFO has decided to provide 8.15 per cent interest on EPF right away and the remaining 0.35 per cent rate would be credited into the subscribers' account by the end of this year, after proposed liquidation of ETFs

The period of coverage which was earlier available from March 24 till June 30, 2020 has also been extended by a year to June 2021

Easier and simpler labour laws, and flexibility to manage employees, can work wonders for businesses

Getting the basics right holds the key. This would involve first acknowledging that a large population has lost incomes, savings and jobs and second, consumption drives the economic growth which had already been weakened even before the pandemic hit

Coronavirus impact: The Ministry of Labour stated that it would utilise the cess fund of Rs 52,000 crore to provide relief to the construction workers through direct benefit transfer (DBT)

The Central Statistics Office had earlier reported that the share of MSME in the country's GDP in 2017/18 was at 29.7 per cent

PM Mudra loans: The survey showed that a total of 11.2 million new jobs were created in 2015-18 due to the Mudra loans, out of which 55 per cent were self-employment. Women comprised 62 per cent of these jobs

EPS amended: The amendment in the Employees' Pension Scheme (EPS) 1995 will benefit around 6.3 lakh pensioners.