UCS Newsletter | The Compliance Watch April 2023

Greetings from UCS!

In this edition:

  • UCS POV | An Overview of The Apprentices Act, 1961
  • EPFO board agrees to clear higher pension issue with SC judgment
  • Order on gratuity in HDFC Bank case may hit corporates
  • Code on Wages Act, 2019 stipulates government to review minimum rates of wages at an interval not exceeding five years
  • Why skilling up the gig workforce is the need of the hour?
  • Layoffs coming to the Indian IT sector? Analysts say Accenture’s jobs cuts offers a ‘blueprint’.
  • Strike-related rules stricter, layoff norms eased in new labour rules
  • Over 95% Indian blue collar women employees believe they receive equal pay:Survey
  • 12-hour shifts, night-time work for women: Apple, Foxconn pushed for labour reforms to advance Indian production plans
  • EPF interest rate fixed at 8.15% for FY 2022-23 by EPFO; hikes interest rate by 0.05%
  • 8,000 applications for higher pension made till now: Centre
  • FYI – Pg 11
  • NFH 2023 Notifications – Pg 12
  • UCSCompliTool – A SaaS Based Tool Designed to Enhance Compliance Quality. A One-Stop Platform to Monitor and Track your Labour Law Compliance Risks.

*The information shared in the newsletter is based on Government notifications and newspaper articles. This is for general information purposes only and does not constitute legal advice.

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