Shri Gangwar reiterates commitment to improve employment outcomes for the youth in India, Ministry of Labour and Employment and UNICEF Sign Statement of Intent

Ministry of Labour & Employment has issued Press release today (17 June 2021).

Shri Gangwar reiterates commitment to improve employment outcomes for the youth in India


Ministry of Labour and Employment and UNICEF Sign Statement of IntentPosted Date:- Jun 17, 2021

Union Minister of State for Labour & Employment (Independent Charge) Shri Santosh Gangwar has said that India is committed to improve employment outcomes for all youth in India, including women and vulnerable section of the people, through an enduring, long-term commitment for better opportunities. He said, the Government is making all-out efforts to improve the bridge between education and employment, and to prepare young people for the future of work. A number of policies and schemes have been undertaken for upliftment of the youth through skills development, employment generation, and entrepreneurship programs.

Union Minister of State for Labour & Employment (Independent Charge) Shri Santosh Gangwar addressing the gathering on the occasion of signing of Statement of Intent between the Ministry of Labour and Employment and UNICEF

Speaking after the signing of Statement of Intent between the Ministry of Labour and Employment and UNICEF here today, the minister said, by leveraging the strengths of the Ministry, UNICEF and associated network members, we hope to enable abundant choices for our young generation to contribute and shape our country’s future. Appreciating the idea of partnership between the Ministry and UNICEF for empowering our youths to gain relevant skills and guidance, Shri Gangwar said, the collaboration is a starting point to facilitate direct dialogue and feedback mechanism between youth and other stakeholders including policy makers.

Union Minister of State for Labour & Employment (Independent Charge) Shri Santosh Gangwar, Secretary (Labour & Employment), Shri Apurva Chandra, and Country Representative of UNICEF, Dr Yasmin Ali Haque after signing the Agreement.

Shri Gangwar said, India is a country of young people. According to Census 2011, every fifth person in India is a youth (15-24 years). He said, the National Career Service (NCS), launched in 2015, caters to the employment and career needs of the youth. It provides a variety of employment related services like career counseling, vocational guidance, information on skill development courses, apprenticeship, internships etc.

The Minister informed that NCS has taken a number of initiatives to mitigate the challenges in the labour market due to COVID-19 and the consequent lockdown of the economy. Online Job Fairs are being organized to bridge the gap between job seekers and employers where the complete cycle from job posting to selection of candidate can be completed on the portal. A Special link for Work from Home Jobs and Online Trainings has been created on NCS portal to give direct access to job-seekers to such jobs. All these facilities on NCS are free of cost.

Shri Gangwar expressed hope that in the next three years, both UNICEF and Ministry of Labour & Employment will make great achievement in the areas of collaboration and empowerment of Indian youth to face the future confidently.

Secretary (Labour & Employment), Shri Apurva Chandra, Special Secretary (Labour & Employment) and DGE, Ms Anuradha Prasad, Country Representative of UNICEF, Dr Yasmin Ali Haque, and senior officers from the Ministry and UNICEF India were present on the occasion.

Driven by its mission to deliver results for children, UNICEF has come together with its public and private sector partners to establish the YuWaah, Generation Unlimited (in short GenU) as a partnership in India. GenU is a global multi-stakeholder platform that aims to prepare young people to transition to productive work and active citizenship. In India, by 2030 YuWaah aims to ensure, the following, namely: – (a) Build pathways for 100 million young people to aspirational economic opportunities; (b) Facilitate 200 million young people to gain relevant skills for productive lives and the future of work; and (c) Partner with 300 million young people as changemakers and create spaces for developing their leadership.

The Statement of Intent intends to provide a platform for cooperation between MoLE and UNICEF to leverage the existing mainstreamed initiatives of both parties in select states to co-create and implement solutions at scale to tackle the employment and skilling challenges for adolescents and youth in India, with focus on vulnerable population including young people with special needs, youth leaving care institutions, migrant youth, victims of child labour, violence, child marriage and trafficking and like other matter. Areas of collaboration include: 1. Create linkages with aspirational economic opportunities, that is, connecting young people with employment opportunities, including building pathways to connect them with jobs, self-employment, entrepreneurship, apprenticeships and internships. For this, innovative solutions and technology platforms will be engaged to maximize the scale and reach. 2. Upskilling of young people on 21stcentury skills including life skills, financial skills, digital skills, vocations skills and foundational skills through online and offline channels and support them through self-learning, for their productive lives and the future of work. 3. Strengthening National Career Service (NCS) by forming a coalition of partners to engage on the following areas: (a) Promotion of NCS among job seekers and employers through YuWaah networks. (b)Integration of career guidance sessions or videos, or both by successful entrepreneurs and professionals. (c)Updating Career Information on NCS Portal related to sectors and job roles. (d)Integration of E-learning courses for job readiness of young people. (e)Exploring value additions for Model Career Centers and Employment Exchanges like: D2X (Direct to Employment Exchange) classes on job readiness. (f)Integration with NCS portal for connecting with jobseekers. MoLE may provide the necessary API interfaces to the YuWaah to connect with the job seekers. MoLE may facilitate the necessary integration and exchange of data base of candidates under the various categories of NCS Portal with the Partner Institution (YuWaah). (g)Career Counselling and Vocational Guidance, that is to say that the Network of Career Counsellors and Model Career Centres are integral component of the NCS. Qualified counselors are empaneled with NCS and over 200 Model Career Centres have been established to provide the Career Counselling, Vocational Guidance, Skill Gap Analysis, organizing Job Fairs and like other matters (h)Identifying solutions for assessing jobseekers registered on NCS portal, for better job-matching 4. Support in Job forecasting by exploring the gaps in job forecasting and work towards predicting which sectors or /jobs, or both of the economy are strengthening or weakening to build linkages to focus needs for skilling. 5. Supporting direct dialogue and the establishment of a feedback mechanism between youth and policy stakeholders towards ensuring that schemes and programmes are consistent with young people’s priorities and aspirations (via the online Ureport and youth-led multi-stakeholder consultations).

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MJPS/MS/jk

Draft Rules relating to Employee’s Compensation under the Code on Social Security, 2020 notified

Ministry of Labour and Employment, Government of India has notified the draft rules relating to Employee’s Compensation under the Code on Social Security, 2020 on 03.06.2021 for inviting objections and suggestions, if any, from the stakeholders.  Such objections and suggestions are required to be submitted within a period of 45 days from the date of notification of the draft rules.

The Code on Social Security, 2020 amends and consolidates the laws relating to social security with the goal to extend social security to employees and workers in the organised as well as unorganised sectors.

Chapter VII (Employee’s Compensation) of the Social Security Code, 2020 envisages, inter-alia, provisions relating to employer’s liability for compensation in case of fatal accidents, serious bodily injuries or occupational diseases.

The draft Employee’s Compensation rules notified by the Central Government provide for the provisions relating to manner of application for claim or settlement, rate of interest for delayed payment of compensation, venue of proceedings and transfer of matters, notice and manner of transmitting money from one competent authority to another and arrangements with other countries for the transfer of money paid as compensation.

The draft rules under the Code on Social Security, 2020 relating to Employees’ Provident Fund, Employees’ State Insurance Corporation, Gratuity, Maternity Benefit, Social Security and Cess in respect of Building and Other Constructions Workers, Social Security for Unorganised Workers, Gig Workers and Platform Workers and Employment Information were notified on 13.11.2020.

The draft of the Code on social Security (Employee’s Compensation) (Central) Rules, 2021 (Hindi and English) can be accessed at https://labour.gov.in/whatsnew/draft-social-security-employees-compensationcentral-rules-2021-framed-inviting-objections.

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MJPS/MS/jkRelease Id :-1727195

Latest updates & video series on Company Law, Income Tax, GST & Financial awareness-April 2021

Dear Friends,

Please find below link of latest updates & video series on Company Law, Income Tax, GST & Financial awareness

🎯 Company Law

MCA defers Audit Trail Provisions by 1 year w.e.f. 01st April 2022 https://youtu.be/tSUMiQh9oNA

Presentation of Financial Statements w.e.f. 01st April 2021 (After incorporating Schedule III of Companies Act 2013 amendments )
https://www.youtube.com/watch?v=kExSlqi14os

Audit Trail, Reporting in Auditors Report, Schedule III amendments https://www.youtube.com/watch?v=mxUhhUs0ILo

Limited Liability Partnership(LLP)-is suitable form of business ? Let’s analyze
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One Person Company-is suitable form of business ? let’s analyze (एक व्यक्ति कंपनी)

https://youtu.be/lNxclckEyJo

🎯 Income Tax

Reduce Capital Gains Tax Liability for the Year II कैपिटल गेन टैक्स प्लानिंग II
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Deductions on Interest income https://youtu.be/pP_ZI7ztIlM

Tax benefits on job creation(Employ more-save more) (Deduction u/s 80JJAA)
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Deductions for House Rent u/s 80GG of Income Tax Act 1962
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Political Funding https://www.youtube.com/watch?v=iklwX0k_XY0&t=312s

Tax Planning series 6: Deductions in respect of Donations u/s 80G of Income Tax Act 1961
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Trusts & NGOs: Changes in Tax provisions for FY 2021-22 or subsequent years
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One Person Company-Is it tax beneficial?
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Tax Planning series 4: Tax benefits on Medical Deductions (u/s 80D, 80DD, 80DDB, 80U)
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Tax Planning Series 3: Deductions more than 2 lakhs u/s 80CCD (NPS, APY)
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Tax Planning Series 2: Deductions u/s 80C(Max. 1.5 Lakh)
https://youtu.be/vbVOVDR-Uew

Tax Planning Series 1: Deductions under Chapter VI A
https://youtu.be/g63SVwE4zfY

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🎯 GST

Do this before filing GSTR-1(Q) return for Jan 21 to March 21 under QRMP Scheme
https://youtu.be/I50h2PdvxHw

CBIC notification dated 30th March 2021-B2C QR Code compliance exemption extended till 30th June 2021.
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Mandatory e- invoicing for B 2B transactions for Taxpayers having turnover over Rs. 50 Cr. From April 1, 2021.
Notification dated 08th March 2021

https://youtu.be/WZgf0GklJ70

🎯 Financial awareness

Partition of Property II संपत्ति का बंटवारा (कानूनी प्रावधान) II
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ELSS is best option to create wealth https://youtu.be/RgOFI0tJs6c

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How many years your money will be double, triple & four times https://youtu.be/samgAJoMlN8

🎯 Compliance list under Income Tax, GST & Corporate Laws for the month of April 2021
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Please also suggest for improvement.

Regards,
Bipul Kumar🙏🙏🙏