Labour Minister Calls for Joint Government-Industry Response to Employment Crises
Govt, industry must coordinate on labour distress during crises: Mandaviya
Business StandardImage: Business Standard
Union Labour Minister Mansukh Mandaviya emphasized the need for a collaborative approach between the government and industry to address employment crises during global disruptions. He highlighted recent labour unrest in industrial hubs like Noida and Manesar, urging the establishment of mechanisms to support affected workers and ensure timely payments for contractual workers.
- 01Mandaviya stresses the importance of a joint platform for government and industry to address employment crises.
- 02Recent labour unrest in Noida and Manesar highlights issues like low wages and poor working conditions.
- 03The government is taking steps to ensure timely payment for contractual workers.
- 04A new facility will allow provident fund subscribers to withdraw up to 75% of their balance through ATMs.
- 05The PM Viksit Bharat Rozgar Yojana aims to incentivize job creation and retention.
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Union Labour Minister Mansukh Mandaviya addressed the need for coordinated efforts between the government and industry to tackle employment challenges during global crises, particularly in industrial clusters. Speaking at the CII Annual Business Summit, he noted the recent labour unrest in areas like Noida and Manesar, where workers protested against low wages and poor working conditions. Mandaviya called for a joint platform to assess the government's role in such crises and highlighted the importance of identifying sectors facing layoffs and unpaid wages.
In response to these issues, the government has directed all departments and public sector undertakings to ensure timely payments for contractual workers and to take action against agencies that fail to comply. Additionally, Mandaviya announced a new facility allowing Employees’ Provident Fund Organisation (EPFO) subscribers to withdraw up to 75% of their provident fund balance through ATMs while retaining 25% in their accounts. This initiative aims to enhance liquidity access for workers. Furthermore, he mentioned the PM Viksit Bharat Rozgar Yojana (PM-VBRY), which seeks to incentivize formal job creation by encouraging employers to hire and retain first-time job seekers.
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These measures aim to alleviate financial stress on workers in industrial sectors, ensuring they receive timely payments and have easier access to their provident funds, which could improve their economic stability.
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