Close Menu
Buzz NewsBuzz News
    Facebook X (Twitter) Instagram
    Trending
    • HDB Financial IPO listing: Stock set for market debut on July 2; check GMP and other details
    • Total sown area this monsoon: Kharif sowing jumps 11.3% on strong monsoon; rice and pulses lead acreage surge
    • Leadership shuffle: Tata Sons ropes in consumer veterans to Tata Digital board; balances earlier finance-centric line-up
    • June GST collections 2025: Tax mop-up at Rs 1.85 lakh crore, up 6.2% on YoY
    • Sensex zooms 12,000 points in just 3 months! Is the Rs 72 lakh crore stock market rally sustainable? Here’s what investors should focus on
    • ‘Make in India’ success: Chinese smartphone brands bet on India for manufacturing & exports; Indian phonemakers compete for assembly
    • ITR filing FY 2024-25: Why filing Income Tax Return is important even if you have no tax to pay – explained
    • Indian Railways launches new ‘super app’ RailOne: Book IRCTC train tickets, track PNR, food, rail enquiry in one place – what it means for passengers
    • Raymond Realty listing: Shares open below discovered price; brokerages still bullish on long-term prospects
    • PM Modi’s visit to Namibia: Focus likely on diamonds, critical minerals; uranium talks also on agenda
    Buzz NewsBuzz News
    Tuesday, July 1
    • Home
    • Cryptocurrency
    • Investment Tips
    • Finance
    • Home Insurance
    • Market News
    • Life Insurance
    Buzz NewsBuzz News
    Home»Investment Tips»Modi government sets ball rolling for schemes, labour reforms with aim to create 29 million formal jobs
    Investment Tips

    Modi government sets ball rolling for schemes, labour reforms with aim to create 29 million formal jobs

    BuzzNewsBy BuzzNewsAugust 21, 2024No Comments3 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Modi government sets ball rolling for schemes, labour reforms with aim to create 29 million formal jobs
    Share
    Facebook Twitter LinkedIn Pinterest Email Telegram WhatsApp Copy Link

    The central government is set to engage in high-level discussions with states and union territories to assess their preparedness for implementing the employment-linked incentive schemes outlined in the budget, as well as certain labour reforms, including the labour codes.
    The 2024-25 budget has proposed three employment-linked incentive schemes, to be administered by the ministry of labour and employment, aimed at creating 29 million formal jobs.
    According to an ET report quoting government officials, the labour and employment ministry will conduct a virtual meeting with the states and UTs on Wednesday, followed by six regional meetings from August 30 to October 4. These meetings will focus on labour codes, employment generation, integration of e-Shram portal, and extension of social security benefits to building and other construction workers.

    Centre State talks for jobs

    Centre State talks for jobs

    An official was quoted as saying, “The government wants to ensure smooth roll out of the employment-linked incentive schemes as well as the labour codes. Since, labour is a concurrent subject, the Centre is keen that all states are on board before the roll out of these.”
    The meeting is expected to address the gaps and divergences identified in the draft rules of the states compared to the central rules of the four labour codes, to ensure uniformity across the country for ease of compliance. “Further, preparedness of states and union territories on other aspects of requirements of labour reforms will also be assessed,” the official added.
    The Ministry of Labour and Employment, under the guidance of Secretary Sunita Dawra, convened a virtual meeting with state representatives in June to encourage them to finalize the draft rules for the four labour codes and ensure alignment with the central rules. This step aims to prevent legal challenges that may arise post-implementation of the codes.
    According to sources, the upcoming agenda will prioritize employment-related matters, including the measurement of employment, incentives linked to employment, national carrier service, and the modernization of employment exchanges. It is important to note that state governments and Union Territories have direct administrative and financial control over employment exchanges.
    Furthermore, the central government will encourage states to integrate their data for unorganized workers with the e-Shram portal. This integration will enable states to utilize the portal data for extending state welfare schemes to unorganized workers, after conducting eligibility verification. Additionally, the Centre will push for expanding the coverage of central sector schemes to include building and construction workers.
    During the meetings, all states will be obligated to provide updates on the progress made and share best practices across the key agenda items. This sharing of information will facilitate the adoption of successful strategies by other states. To ensure widespread participation, regional meetings are expected to take place in various cities, including Bengaluru, Guwahati, Rajkot, Bhubaneswar, Lucknow, and Chandigarh.

    aim ball Create formal government jobs labour million Modi reforms rolling schemes Sets
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleFinance minister sees IMF approval for $7 billion bailout package next month
    Next Article Alloy report shows the revenue potential of embedded finance, but compliance challenges persist
    BuzzNews
    • Website

    Related Posts

    HDB Financial IPO listing: Stock set for market debut on July 2; check GMP and other details

    July 1, 2025

    Total sown area this monsoon: Kharif sowing jumps 11.3% on strong monsoon; rice and pulses lead acreage surge

    July 1, 2025

    Leadership shuffle: Tata Sons ropes in consumer veterans to Tata Digital board; balances earlier finance-centric line-up

    July 1, 2025

    Leave A Reply Cancel Reply

    Recent Posts

    HDB Financial IPO listing: Stock set for market debut on July 2; check GMP and other details

    July 1, 2025

    Total sown area this monsoon: Kharif sowing jumps 11.3% on strong monsoon; rice and pulses lead acreage surge

    July 1, 2025

    Leadership shuffle: Tata Sons ropes in consumer veterans to Tata Digital board; balances earlier finance-centric line-up

    July 1, 2025

    June GST collections 2025: Tax mop-up at Rs 1.85 lakh crore, up 6.2% on YoY

    July 1, 2025

    Sensex zooms 12,000 points in just 3 months! Is the Rs 72 lakh crore stock market rally sustainable? Here’s what investors should focus on

    July 1, 2025
    Our Picks

    Bitcoin Remains Above $60,000, Bittensor Becomes Top Gainer

    August 23, 2024

    Prospects For Cryptocurrency Development In South Asia

    August 23, 2024

    Trump announces The DeFiant Ones, a new cryptocurrency platform

    August 23, 2024

    Hackers use McDonald’s Instagram account to steal $700,000 in cryptocurrency scam

    August 22, 2024
    About

    Welcome to BuzzNews, your go-to source for the latest in insurance and finance news. Our mission is to provide you with accurate, timely, and insightful information to help you make informed decisions. From life insurance to personal finance, market news to investment tips, we cover a wide range of topics to keep you updated and knowledgeable.

    Popular Posts

    HDB Financial IPO listing: Stock set for market debut on July 2; check GMP and other details

    July 1, 2025

    Total sown area this monsoon: Kharif sowing jumps 11.3% on strong monsoon; rice and pulses lead acreage surge

    July 1, 2025

    Leadership shuffle: Tata Sons ropes in consumer veterans to Tata Digital board; balances earlier finance-centric line-up

    July 1, 2025
    OUR CATEGOIRES
    • Cryptocurrency
    • Finance
    • Health Insurance
    • Home Insurance
    • Investment Tips
    • Life Insurance
    • Market News
    Copyright © 2024. BuzzNews. All Rights Reserved.
    • Sitemap
    • DMCA
    • Terms and Conditions
    • Privacy Policy
    • Contact Us
    • About Us

    Type above and press Enter to search. Press Esc to cancel.