News Details- (Get Professional Updates on Whatsapp, Msg on
8285393786) More
News
Cabinet approves law allowing shops to open 24x7
A model law that allows shops, malls and cinema halls among other establishments to run 24x7 throughout the year got the Cabinet approval today -- a move aimed at boosting job creation and consumption-led growth.
The law also provides for women to be employed on night shifts with adequate security and calls for better working conditions for employees such as drinking water, canteen, first aid, lavatory and creche.
"The main aim of this bill is to increase employment generation. Like in the case of malls, which operate all seven days in week and they don't have any (fixed) working hours.
All those shops where number of workers is 10 or more should be allowed to choose timings and days," Finance Minister Arun Jaitley said addressing a press meet on Cabinet decisions.
In a meeting held this morning, the Union Cabinet approved Model Shops and Establishment (Regulation of Employment and Condition of Services) Bill 2016.
The law, which covers shops and establishments employing 10 or more workers except manufacturing units, will not require Parliament's approval.
Jaitley said that "Since it is a model bill on a state subject, it will be sent to the states," adding, the bill also prescribed for compulsory holidays and provides for a provision for permitting women to work in night (shifts).
"The employment generation was less as there was protective discrimination. We used to protect them (women) but they were discriminated. Besides there are provision for transportation and other amenities," Jaitley said.
The model law also makes provisions for online one common registration through a simplified procedure.
It will help in generating additional employment as shops and establishments will have freedom to operate for longer hours, thereby requiring more manpower.
It also provides exemption to highly-skilled workers like those in IT and bio-technology from daily working hours (9 hours) and weekly working hours (48 hours), subject to maximum 125 over-time hours in a quarter.
The law is designed to bring in uniformity in legislative provisions, making it easier for all the states to adopt it and ensure uniform working conditions across the country.
The Centre has been receiving suggestions to enact the model law, which the states could consider for enforcement either by adopting the central law or necessary modifications by the state law. #casansaar
The law also provides for women to be employed on night shifts with adequate security and calls for better working conditions for employees such as drinking water, canteen, first aid, lavatory and creche.
"The main aim of this bill is to increase employment generation. Like in the case of malls, which operate all seven days in week and they don't have any (fixed) working hours.
All those shops where number of workers is 10 or more should be allowed to choose timings and days," Finance Minister Arun Jaitley said addressing a press meet on Cabinet decisions.
In a meeting held this morning, the Union Cabinet approved Model Shops and Establishment (Regulation of Employment and Condition of Services) Bill 2016.
The law, which covers shops and establishments employing 10 or more workers except manufacturing units, will not require Parliament's approval.
Jaitley said that "Since it is a model bill on a state subject, it will be sent to the states," adding, the bill also prescribed for compulsory holidays and provides for a provision for permitting women to work in night (shifts).
"The employment generation was less as there was protective discrimination. We used to protect them (women) but they were discriminated. Besides there are provision for transportation and other amenities," Jaitley said.
The model law also makes provisions for online one common registration through a simplified procedure.
It will help in generating additional employment as shops and establishments will have freedom to operate for longer hours, thereby requiring more manpower.
It also provides exemption to highly-skilled workers like those in IT and bio-technology from daily working hours (9 hours) and weekly working hours (48 hours), subject to maximum 125 over-time hours in a quarter.
The law is designed to bring in uniformity in legislative provisions, making it easier for all the states to adopt it and ensure uniform working conditions across the country.
The Centre has been receiving suggestions to enact the model law, which the states could consider for enforcement either by adopting the central law or necessary modifications by the state law. #casansaar
Category : General | Comments : 0 | Hits : 420
Get Free Daily Updates Via e-Mail on Income Tax, Service tax, Excise and Corporate law
Search News
News By Categories More Categories
- Income Tax Dept serves notices to salaried individuals for documentary proof to claim exemptions
- Bank Branch Audit 2021 - Update on allotment of Branches
- Bank Branch Audit 2020 Updates
- Bank Branch Audit 2021 Updates
- Bank Branch Audit 2020 - Update on Allotment of Branches
- Police Atrocities towards CA in Faridabad - Its Time to be Unite
- Bank Branch Statutory Audit Updates 2019
- Bank Branch Statutory Audit Updates
- Bank Branch Audit 2022 Updates
- Bank Branch Statutory Audit Updates
- NFRA Imposes Monetary penalty of Rs 1 Crore on M/s Dhiraj & Dheeraj
- ICAI notifies earlier announced CA exam dates despite pending legal challenge before SC
- NFRA debars Auditors, imposes Rs 50 lakh penalties for lapses in Brightcom, CMIL cases
- GST Important Update - Enhancement in the GST Portal
- NFRA Slaps Rs 5 lakh Penalty on Audit Firm for lapses in Vikas WSP Audit Case
- CBDT extends due date for filing Form 10A/10AB upto 30th June, 2024
- RBI comes out with FEMA regulations for direct listing on international exchange
- RBI directs payment firms to track high-value, fishy transactions during elections
- NCLT orders insolvency proceedings against Subhash Chandra
- Income Tax dept starts drive to dispose of appeals, 0.54 million at last count
- Payment of MCA fees –electronic mode-regarding
- Budget '11-12' Parliament Completes Approval Exercise
- Satyam restrained from operating its accounts
- ICICI a foreign firm, subject to FDI norms: Govt
- Maha expects Rs 15 crore entertainment tax revenue from IPL
- CAG blames PMO for not acting against Kalmadi
- No service tax on visa facilitators: CBEC
- Provision of 15-minutes reading and planning time allowance to the candidates of Chartered Accountants Examinations
- Companies Bill to be taken up in Monsoon Session
- File Service Tax Return in time as Maximum Penalty increased 10 times to Rs. 20000

Comments