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Publication Monthly GAAP Bulletin – August 2022

A summary of significant accounting, auditing and related updates.

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Grant Thornton’s Global Delivery Services works to provide innovative multi-disciplinary solutions across service lines and expertise areas, with a global...

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Newsletter

Labour Law Insights - June 2024

11 Jul 20241 min read

Key highlights of the publication:

Employers at factories/establishments in Goa shall follow the revised rates of variable dearness allowance as applicable to them pursuant to the notification issued by the Goa Labour Department.
In Karnataka the Government has provided exemption to the knowledge-based industrial establishments including IT/ ITES/ Startups/ Animations/ Gaming/ Computer Graphics/ Telecom/ BPO/ KPO. IT and ITeS companies in Karnataka will not be required to comply with the Standing Orders Act until 10 June 2029, provided that the employer adheres to the conditions. Exemption notification mentions that in the event The Industrial Relations Code, 2020 is to be implemented, the same shall apply to all.
In Telengana, the move to exempt the ITES/ITE industries from certain working conditions related provisions of the Telangana Shops and Establishments Act allows flexibility to such entities to work at different times increasing the productivity, however, subject to conditions that will also ensure all due benefits of employees remains intact.
The Rajasthan Government has in similar lines with the notification issued by the Government of Karnataka in 2020, and the recent notification by the government of Telangana in June 2024 has provided the establishments registered under Rajasthan Shop And Establishment Act, 1958, to allow the women to work at night subject to compliance of certain conditions ensuring safety of women during such period.
The Ministry of Labour & Employment vide it’s press release dated 01 June 2024 stated the EPFO has operationalised a software for online filing of the changes in the member’s Know Your Customers (KYC) details. It is further stated that the members may request for change/rectification in the Member Data like Name, Gender, Date of Birth, Parent Name, Marital Status, Nationality, Aadhaar, etc online and upload the relevant prescribed documents.

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