The Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, has planned to amend the Employees’ Deposit Linked Insurance Scheme, 1976. It has introduced a minimum assurance benefit of Rs. 2.5 lakhs and a maximum of Rs. 6 lakhs, for two years. The scheme may be called the Employees’ Deposit Linked Insurance (Amendment) Scheme, 2018. This will be effective from the 15th February, 2018.
To know more the official gazette, click here.
The minimum wages for Andaman & Nicobar islands have been revised. These changes are effective from 1st January 2018.
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The Government of Tamil Nadu has decided to introduce a Bill to amend the Tamil Nadu Payment of Salaries Act, 1951. The Bill will have the following amendments:
This Act may be called the Tamil Nadu Payment of Salaries (Amendment) Act, 2018.
It shall be deemed to have come into force on the 1st July, 2017.
In section 3 of the Tamil Nadu Payment of Salaries Act, 1951 (hereinafter referred to as the principal Act),— Tamil Nadu Act XX of 1951.
in sub-section (1), for the expression “eight thousand rupees per mensem”, the expression “thirty thousand rupees per mensem” shall be substituted
in sub-section (2), for the expression “ten thousand rupees per mensem”, the expression “fifteen thousand rupees per mensem” shall be substituted
For a detailed notification of the amendment, click here.