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Business Environment and Law-Factories Act, 1948

Recent Amendments In The Act: - Factories Act, 1948

   Posted On :  15.05.2018 12:40 am

Government has introduced the Social Security Scheme for the unorganized sector worker on a pilot basis in 50 districts of the country, which was launched on 23/01/2004.

Recent Amendments In The Act:
 
 
Government has introduced the Social Security Scheme for the unorganized sector worker on a pilot basis in 50 districts of the country, which was launched on 23/01/2004. This would cover workers in the unorganized sector drawing not more than Rs. 6500 per month. The scheme provides,

1. A flat rate pension of Rs. 500 per month on retirement at the age of 60 and total disablement. Family pension in case of death of the Workers.

2. A personal accident insurance cover for rupees one lakh and
 
3. Universal health insurance scheme for a worker and his family at the cost of Rs. 548 per annum for a family of 5 members or Rs. 365 per annum for a family of 3 members.
 
Further, the Ministry took several measures such as labour welfare funds, welfare fund for overseas Indian workers etc.
 
The Factories (Amendment) Bill, 2003 was introduced in the Lok Sabha on July 29, 2003. The bill proposes to amend Sec. 66 of the Factories Act, 1948, so as to provide flexibility in the matter of employment of women during night with adequate safeguard for their safety, dignity, honour and transportation from the factory premises to the nearest point of their residence.

The Parliamentary Standing Committee on labour and welfare examined the contents and submitted its report on August 27, 2003. The report of the II National Commission on labour was submitted to the Government on June 29, 2002.

 

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