Finance Minister Nirmala Sitharaman announces new employment generation scheme
New Delhi: Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires.
The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said.
Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said.
Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees' Provident Fund Organisation (EPFO) registered establishment taking new employees would get this subsidy.
The scheme will cover any new employee joining employment in EPFO-registered establishment on monthly wages less than Rs 15,000 crore.
It would also cover EPF members drawing monthly wages of less than Rs 15,000, who made an exit from employment during COVID-19 pandemic from March 1, 2020 and is employed on or after October 1, 2020.
The scheme would cover establishments registered with EPFO if they add new employees compared to the reference base of employees as in September 2020.
The condition would be adding a minimum of two new employees for establishments with up to 50 employees. Those establishments with more than 50 employees, would have to give a minimum of five new jobs.
The scheme would be operational till June 30, 2021.
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Barber held for beating man to death over 'bidi' in east Delhi
New Delhi (PTI): A 32-year-old barber was arrested on Wednesday for allegedly beating a man to death following an altercation over a 'bidi' in east Delhi's Pandav Nagar area, police said.
A call regarding the incident that occurred near the bus stand road in Shashi Garden was received at 1.24 am, they said.
The victim was identified as Deepak (28), while the accused was Manoj, he added.
According to the police, during an argument, the accused picked up a wooden stick lying nearby and struck the victim repeatedly on the head. Multiple injuries and bruise marks were also found on the victim's forehead.
"Deepak was taken to Lal Bahadur Shastri Hospital, but doctors declared him brought dead," an officer said.
An FIR has been registered and further investigation is underway, the officer added.
