To provide for fixing minimum rates of wages in certain employments.Such as Basic rates of wages etc., Variable DA and Value of other concessions etc.
Any premises whareon 10 or more persons with the aid of power or 20 or more workers are/were without aid of power working on any day preceding 12 rnonths, wherein Manufacturing process is being carried on.
All the employees (including casual, part time, Daily wage contract etc.) other then an excluded employee are required to be enrolled as members of the fund the day, the Act comes into force in such establishment.
All Employees drawing wages/salary upto Rs. 15,000/-per month engages either directory or thru' contractor, are covered under Scheme. It has also been extemded upon shopa, hotels, restaurants, roads motor transport undertakings, etc. etc.
Insurance is the equitable transfer of the risk of a loss, from one entity to another in exchange for money. It is a form of risk management primarily used to hedge against the risk of a uncertain loss.
Gratuity is the reward in the form of money for an employer to his employee on his termination for his past services.
To regulate the employment of contract labour in certain establishments and to provide for Its abolition in certain circumstances and for matters connected therewith.
Promotion of new manpower at skills. Improvement/refinement of old skills through theoretical and practical training in number of trades and occupation.
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