Proposal for amendment in the Factories Act, 1948

1. The government has declared 8.75% interest on Employees’ Provident Fund (EPF) for the year 2013-14
2. The Factories Act, 1948 for taking care of the occupational safety, health & welfare issues of the workers employed in factories /manufacturing sector including the ship breaking yard
3. The Government has since approved a proposal for increase in wage ceiling for coverage under Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 from Rs. 6,500/- to Rs. 15,000/- per month
4. A proposal for amendment in the Factories Act, 1948 is under active consideration of the Government to make it more compatible to the requirement of the present scenario in the industrial sector. The major amendments proposed in the Factories Act, 1948 include:..............
5. The Central Government has not allocated any fund for the welfare of the labourers engaged in construction sector.
6. The Ministry of MSME has launched a Virtual Clusters website