Secretary Labour and Employment briefs media on labour initiatives announced in Union Budget 2021

Last updated: 10 February 2021

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The Secretary of Labour and Employment, Shri Apurva Chandra, has briefed the media on significant labour initiatives announced in the Union Budget 2021. These include the 'One Nation One Ration Card' scheme, designed to benefit migrant and construction workers by allowing them to claim rations anywhere in the country. A new portal for unorganised labour, set to launch by May/June 2021, will collect data to help formulate welfare schemes and offer incentives like free accidental insurance. The briefing also covered the finalisation of rules for four labour codes and changes to tax-free income on Provident Funds.

Secretary Labour Employment Shri Apurva Chandra outlined the key budget announcements for migrant workers and labourers and those related to employment generation. Addressing a press briefing here today on Budget announcements 2021, he explained various labour initiatives and issues. Besides, he briefed on the rationalization of tax free incomes on Provident Funds. He highlighted the following:- One Nation One Ration Card It will benefit migrant workers, building and other construction

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FAQ :

This scheme allows migrant workers, construction workers, and others to claim their entitled rations from any fair price shop across the country, providing greater flexibility and support.

The portal for unorganised labour, including gig, platform, and migrant workers, is scheduled to be rolled out by May/June 2021 for registration and other services.

Enrolled workers will receive an incentive of free coverage for one year for accidental and disability cover under the Pradhan Mantri Suraksha Bhima Yojana (PMSBY).

The rule-making process for the four labour codes – Code on Wages, Industrial Relations, Occupational Safety, Health and Working Conditions, and Social Security Codes – is underway and expected to be completed soon, allowing them to be brought into force.

The interest earned on employee contributions to Provident Funds exceeding Rs 2.5 lakhs annually will now be taxable, aiming to prevent misuse by high-net-worth individuals.

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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