The programme targets improving the performances of 555,000 MSMEs and is expected to mobilise financing of US$15.5 billion.
The committee will provide technical inputs and recommendations to set minimum wages and a national floor for minimum wages.
The country is reporting almost 200,000 COVID-19 cases daily, causing many local governments to impose curbs to control the spread of the virus.
Some companies, both in the public and private sector, have already begun lining up its vaccination programme for their staff and family members.
Firms should review operations and minimise the use of in-person manpower, limiting it to critical operations or activities required by law.
Various departments have asked their employees to report at staggered timings, while those living in COVID-19 containment zones are told to stay home.
All non-essential services like malls, beauty salons and places of worship were ordered to shut operations from Monday.
The central government has postponed the implementation of four new labour codes originally scheduled to be rolled out on April 1.
The committee set up to study evidence on the matter comprise members from education and yoga institutions, as well as the corporate sector.
Official data also showed that the net payroll additions hit 1.11 million in January as employment continues to rise.
Employees, especially those with high allowances, are likely to see a major change in their salary structures if the new wage code kicks in from April 1.
The Centre for Monitoring Indian Economy (CMIE) has said the country’s unemployment rate has fallen to 6.9% in February from 7.3% last July.
The International Labour Organization (ILO) has said Indian employees ranked among the highest at being overworked and earned the least.
Based on the country’s present demographics, the working population is projected to increase by 12 million annually.
The government has issued new SOPs that allow work to resume in offices after disinfection has been done in accordance with new protocols.
The National Employment Council estimates that over 160,000 new jobs will be created this year through committed investments.
The government’s paperless portal for MSME registration – Udyam Registration – has processed 2.03 million registrations in the last three months.
Labour and employment secretary Apurva Chandra said the new labour codes would provide the flexibility of four working days in a week.
The data could help formulate health, housing, skill, insurance, credit and food schemes for migrant workers, says the finance minister.
India’s lockdown period saw companies adopt a WFH arrangement for their staff, cutting down on staff strength, hiring freelancers and outsourcing tasks.
Out of those who could retain their jobs, about 83% of women workers in India faced a severe income drop, said Oxfam India.
The government is considering whether some activity under the manufacturing sector should also have the flexibility to work from home (WFH).
Prime Minister Narendra Modi said the government will initiate a seed fund for startups of Rs10 billion (US$136.3 million).
The Ministry of Labour & Employment has made the proposal to formalise work from home (WFH) regulations for the services sector in the new year.
The prime minister urged the country’s youth to be prepared for the opportunities that lie ahead as startups grow in Tier-II and Tier-III cities.
Starting from March next year, the government will launch a more comprehensive All India Quarterly Base Establishment Survey (AIQBES).
The EPFO faces the huge challenge to cover 400 million informal workers.
Sexual harassment is a serious issue that needs to be addressed at all work places urgently and sensitively.
The central government has approved more than 5.2 million claims and disbursed Rs133 billion (US$1.8 billion) to formal sector workers.
A survey by India’s chamber of commerce for the tech industry found that startups in the country have seen their revenue accelerate, and funding improved.