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NITI Aayog calls meeting of trade unions and industry bodies on employment generation

Updated: Jul 12, 2016 08:51:01am

NITI Aayog calls meeting of trade unions and industry bodies on employment generation

New Delhi, July 12 (KNN) Aiming towards generating more employment in the country, NITI Aayog is today holding a meeting with five central trade unions as well as industry chambers to discuss about labour laws and explore ways of improving employment generation in the country.

Vice chairman of the Aayog, Arvind Panagariya, will chair the meeting which will also see participation from industry chambers like CII, Ficci and Assocham, apart from Finance Ministry officials.

The five trade unions invited for the meeting include the RSS-affiliate Bhartiya Mazdoor Sangh, the Centre of Indian Trade Unions, the Indian National Trade Union Congress, the All India Trade Union Congress and the Hind Mazdoor Sabha.

However, the agenda of the meeting is not clearly spelt out; unions feel issues across the board could be discussed, important being the government's intent to hike EPFO investment in equity and the upcoming amendment to labour laws.

Labour ministry is contemplating to increase the investment of Employees Provident Fund Organisation into stock market beyond 5% at the behest of finance ministry, which has been strongly opposed by unions.

Besides, the ministry is all set to table at least three legislation in the Parliament in the upcoming session, starting from July 18, other than the amendment to the Child Labour Act pending in Parliament. Besides, Cabinet has recently approved the model Shop & Establishment Act which paves way for malls to remain open all night. (KNN Bureau)


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