Headline Highlights
Amnesty Scheme for Employers
The Employees’ Provident Fund Organisation (EPFO) has introduced an amnesty scheme aimed at encouraging employers to disclose and rectify past non-compliance with EPFO regulations. This initiative provides a penalty-free opportunity for employers to align with EPFO …
India’s manufacturing sector faces significant hurdles in scaling its operations across key industries like textiles and electronics. Despite being the world’s second-largest producer of cotton, India lags behind countries like Bangladesh in garment exports. With $13 billion in apparel exports …
A recent Eightfold Talent Survey reveals a significant disconnect between HR leaders and business strategies, with over 80% of HR leaders acknowledging misalignment. The findings, based on responses from 500 HR leaders in large organizations (5,000+ employees), highlight key challenges …
The Indian government is reportedly gearing up for a transformative overhaul of the Employees’ Provident Fund Organisation (EPFO) system through the EPFO 3.0 initiative, while also introducing specific Aadhaar linking exemptions for certain employee categories. Here’s a comprehensive look at …
India is witnessing alarming trends in workplace stress, with multiple cases of employee burnout and suicides raising red flags. In recent months, incidents at organizations like Bajaj Finance, where a worker cited unbearable work …
The demand for generative AI (GenAI) expertise is transforming job markets worldwide, with roles mentioning GenAI growing exponentially over the past year, according to Indeed’s latest analysis. Here’s a breakdown of the trends reshaping industries and skill requirements:
European HR teams are setting benchmarks for innovation and strategic evolution, offering valuable insights for HR professionals in the APAC region. Here’s a quick look at how European strategies can inspire new approaches to HR in the APAC region:
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The Employees’ State Insurance Corporation (ESIC), under the leadership of Union Labour and Employment Minister Dr. Mansukh Mandaviya, is integrating its healthcare services with Ayushman Bharat – Pradhan Mantri Jan Arogya Yojana (AB PM-JAY). This initiative aims …
Mandatory Action:
Employees must activate their Universal Account Number (UAN) and link Aadhaar to bank accounts by November 30, 2024, to access Employment Linked Incentive (ELI) scheme benefits. This step ensures smooth Direct Benefit Transfer (DBT) for eligible …
Mandatory TDS:
Under Section 192A of the Income Tax Act, TDS applies to EPF withdrawals made before 5 years of continuous service.
TDS Rates:
Key Highlights:
• New Fund Proposal: India has called for a dedicated Multilateral Fund to support developing nations in transitioning to eco-friendly technologies under a legally binding global treaty on plastic pollution.
• Model Inspiration: The proposal mirrors the successful …
Summary
The rollout of India’s labor reform laws, including the Industrial Relations, Social Security, and Occupational Safety and Wages codes, has encountered delays as several states have yet to finalize the draft rules. While these codes were passed …
Summary
The HR landscape is rapidly transforming, driven by technology, evolving workforce expectations, and regulatory changes. Here are six major predictions shaping HR’s future: