Statutory updates

Exemption from Physical Policy Issuance for Life Insurers

The Insurance Regulatory and Development Authority of India grants a six-month extension for life insurers from the requirement to issue physical policy documents and proposal…

Modification of Guidelines on Standard Personal Accident Insurance Product

All general and standalone health insurers must provide a fifteen day free look period for new policies under the Standard Personal Accident Insurance product.

Implementation and Consultation Status of Four Labour Codes

The Government of India notifies four Labour Codes in the Gazette of India after extensive tripartite consultations and parliamentary examination.

Unemployment Rate and Aatmanirbhar Bharat Rozgar Yojana Data

The Ministry of Labour and Employment provides statistics for the unemployment rate and the Aatmanirbhar Bharat Rozgar Yojana scheme.

Webinar on Preventive Vigilance in EPFO

The Pandit Deendayal Upadhyaya National Academy of Social Security schedules a webinar on Preventive Vigilance in EPFO on 24th March and 25th March 2021.

Welfare Schemes for Unorganised Workers

The Government provides social security to unorganised sector workers through life, disability, health, and old age protection schemes.

EPFO Net Subscriber Additions for January 2021

The provisional payroll data of EPFO shows the addition of 13.36 lakh net subscribers during the month of January 2021.

All-India Consumer Price Index Numbers for Agricultural and Rural Labourers - February, 2021

Health Insurance Claims Settlement Procedures

Life, general, and standalone health insurance companies and third-party administrators must establish systems to let policyholders track cashless requests and claim statuses…

Labour Bureau and BECIL Agreement for All India Surveys

The Labour Bureau signs a service level agreement with Broadcast Engineering Consultants India Limited for technical and manpower support.

Review of FDI Policy on Downstream Investments by NRIs

The Government of India clarifies the treatment of downstream investments by Indian companies owned and controlled by Non-Resident Indians (NRIs) on a non-repatriation basis.

Reporting of status of ongoing corporate insolvency resolution processes through Form CIRP 7

The Insolvency and Bankruptcy Board of India requires interim resolution professionals and resolution professionals to report delays in specific corporate insolvency resolution…

Gangwar Releases Compendium on Consumer Price Index for Industrial Workers

Modification in Guidelines on Standard Individual Health Insurance Product

Insurers must offer the sum insured between Rs. 50,000 and Rs. 10,00,000 under the standard product Arogya Sanjeevani.

Working Hours Under the OSHW&C Code 2020

The Ministry of Labour and Employment clarifies the daily and weekly limits for workers under the Occupational Safety, Health and Working Conditions Code, 2020.

ILO Report on Indian Workers and Wages

The Ministry of Labour and Employment shares details about the ILO report titled Global Wage Report 2020-21 in a written reply in Rajya Sabha.

Measures to Formalise the Informal Sector via Employment Schemes

The Government implements employment schemes to formalize the informal sector and to incentivize employers for new employment creation.

Safety and Welfare of Inter-State Migrant Workers

The Ministry of Labour and Employment develops the National Database of Unorganised Workers to record details of unorganized workers and migrant workers, seeded with Aadhaar.