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Prime Minister Narendra Modi on Friday announced a new jobs scheme the Pradhan Mantri Viksit Bharat Rozgar Yojana PM VBRY during his Independence Day speech at the Red Fort

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The new set of reforms for labour and tax laws will come into effect from April 1 2026 reshaping your salaries tax calculations and even full and final settlement

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Offering incentives to both first time employees and employers the programme aims to lower hiring costs formalise jobs boost workplace mobility and spur economic growth across sectors

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First time job seekers under this initiative will receive private sector employment of Rs 15 000 from the government Additionally companies are incentivised to create more jobs for

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Private sector employees may soon have a reason to celebrate as the Employees Provident Fund Organisation EPFO and the central government are considering several key reforms

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The central government is reportedly contemplating raising the minimum monthly pension under the Employees Provident Fund Organization EPFO from the current 1 000 to 5 000

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New Employment Scheme for Private Sector Entrants A key highlight of the rally was the Prime Minister s announcement of a new employment incentive scheme Under this scheme the

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In Budget 2024 Finance Minister Nirmala Sitharaman stated that the scheme would incentivise additional employment in the manufacturing sector linked to the employment of first time

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The debate around pension benefits for private sector employees has once again gained momentum in India