(Image source from: Decision towards conducive environment for industrial growth!})

Labour ministry has started a new online facility of filing a single return that reduces the costs of business transaction. This move will enable the companies to save time and the ease of doing business in India will attract the foreign investors. 

Minister of State (Independent Charge) for Labour and Employment, Bandaru Dattatreya, has spoken at the event of launching new facility on ShramSuvidha portal. He said that the initiative towards easing the business transactions would also push the ‘Make in India’ programme.

The new initiative will cover compliance returns for the Payment of Wages Act, Minimum Wages Act, Contract Labour (Regulation and Abolition) Act, the Inter-State Migrant Workmen Act, the Maternity Benefit Act, Payment of Bonus Act, Building and Other Construction Workers Act and Industrial Disputes Act. While the remaining two returns filed with EPFO and ESIC would also be brought under the scheme soon, according to labour secretary, Shankar Aggarwal statement.

-Kannamsai