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ARTICLE · 02 DECEMBER 2021

Labour Law Newsletter – October2021

Singhania & Partners LLP
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Declaration of Rate of Interest for the Employees Provident Fund Members Account.

IndiaEmployment and HR
Singhania & Partners
Singhania & Partners
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Declaration of Rate of Interest for the Employees Provident Fund Members Account
Employee Provident Fund Organization ("EPFO") vide circular dated October 29, 2021 has requested all zonal offices and regional offices to issue instruction for crediting interest at the rate 8.50 per cent for the year 2020-2021 to members account in regard to Central Government convey of approval.

Rate of Minimum Wages (Variable Dearness Allowance) Revised for Central Sphere Workers
The Ministry of Labour & Employment, Government of India has notified and revised the rate of Variable Dearness Allowance ("VDA") with effect from October 1, 2021 which will benefit around 1.5 crore workers engaged in various scheduled employment in the central sphere across the country i.e. (a) Construction, maintenance of Roads, Runways, building operations etc.; (b) Sweeping and cleaning; (c) Loading and unloading; (d) Watch and ward; (e) Mines & (f) Agriculture.

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