Crude and Petroleum procurement: 24×7 Control Room Monitoring Supply Position (See 'Corp Brief') On World Wildlife Day 2026, PM reaffirms Commitment to Wildlife Conservation (See 'Corp Brief') IBC - valuers must ensure a reasoned valuation report to guide stakeholders in economic decision-making during insolvency, including consideration of intangible assets where relevant: IBBI (See 'Legal Desk') GPS transforming fishing community lives in Car Nicobar (See 'Corp Brief') Competition Act - disputes concerning alteration of copyrighted content & associated rights, need not be entertained where no prima facie case of anti-competitive agreement or abuse of dominant position, is made out: CCI (See 'Legal Desk') Ministry of Steel holds Interactive Session with Global Diplomats Ahead of 'Bharat Steel 2026' (See 'Corp Brief') Khadse announces unique nationwide ASMITA League to mark International Women's Day (See 'Corp Brief') IPR – Anti-dissection rule, which requires trademarks to be compared as whole, does not apply where part of mark is proven to be dominant feature: HC (See 'Legal Desk') India Summit 2026: Major AI Investment Commitments made (See 'Corp Brief') Joshi commends CWC's Contribution to India's Food Security (See 'Corp Brief') SEBI - Termination of a major acquisition agreement constituted a material event requiring clear & conspicuous disclosure under Regulation 30 of the LODR Regulations: SAT (See 'Legal Desk') India invites the world to study, innovate and grow together (See 'Corp Brief') SEBI - Investor decisions & share prices are significantly influenced by disclosures relating to acquisitions & corporate developments, ergo, failure to transparently disclose termination undermines market integrity: SAT (See 'Legal Desk') Controller General of Communication Accounts inaugurates North Zone Review Meeting (See 'Corp Brief') National Arogya Fair 2026 concludes in Shegaon (See 'Corp Brief') IPR - For purpose of passing-off claim, prior use of composite trademark is sufficient to establish prior use of its essential and source-identifying component: HC (See 'Legal Desk') APEDA organises Sikkim Organic Conclave-cum-International Buyer Seller Meet in Gangtok (See 'Corp Brief') 'Double Engine' Momentum Can Fast-Track Kerala's Progress: MoS (See 'Corp Brief') IBC - Waiver of rights under contract such as debenture trust deed cannot be implied if agreement explicitly requires such waiver to be in writing: SC (See 'Legal Desk') IBC - Manner in which bank classifies loan as non-performing asset for accounting or provisioning purposes does not determine IBC, if debt was restructured and acknowledged in fresh agreements: SC (See 'Legal Desk') IBC - corporate restructuring under IBC must be prioritized over stalled and ineffective proceedings under Companies Act to protect public funds and larger economic interest: SC (See 'Legal Desk') IBC - NCLT can't Reject Sec 7 application citing corporate debtor's financial health, once twin requirements of debt & default are established: SC LB (See 'Legal Desk') IBC - Moratorium u/s 14 of IBC is intended to preserve debtor's estate from creditor actions aimed at debt recovery, but does not interdict sovereign proceedings in rem for attachment or confiscation under Benami Act: SC (See 'Legal Desk') Supreme Court Clears Path For Single Insolvency Proceedings Against Linked Group Companies (See CORP EINSICHT)

BRICS Labour & Employment Ministerial Declaration adopted

Published: Sep 11, 2024

By TIOLCorplaws News Service

NEW DELHI, SEP 11, 2024: SECRETARY, Ministry of Labour & Employment, Sumita Dawra, attended the BRICS Labour and Employment Ministerial Meeting held under the Russian Presidency on 9-10 Sept, 2024 in the city of Sochi, Russia. The Ministers/ Heads of Delegation of the member countries viz. Brazil, Russia, India, China and South Africa participated in the meeting. Ministers/Heads of Delegation of the new members of BRICS Partnership: Egypt, Ethiopia, Iran, and the United Arab Emirates also attended the meeting.

Discussions were held on four priority issues namely, (i) development of a system of vocational guidance, skills training and lifelong professional education for the entire population, (ii) platform employment and the challenges of its regulation, (iii) ensuring safety and healthy working environment and social protection for workers, (iv) development of social support for the BRICS countries.

Secretary elucidated the progressive steps taken by Government of India, highlighting the comprehensive scheme for internship opportunities for India youth, integration of National Career Service (NCS) portal with Skill India Digital Hub (SIDH) for integration of skilling and employment, role of Sector Skill Councils in training and education of youth and adults in enhancing employability, and e-Shram for access to skills portal by informal sector workers.

Indian delegation informed that the Code on Social Security is a significant step forward by the Government of India as it defines ‘gig' and ‘platform' workers for the first time, and envisages providing social security benefits to them, thereby formalizing these workers by providing them with the much-needed social protection.

Government of India's strategies to mitigate risks associated with occupational hazards and promoting a healthier workforce were highlighted. Accidental insurance under ESIC (Employees' State Insurance Corporation) was showcased as a pivotal safeguard for the workforce in India, ensuring financial security in the face of unforeseen accidents or injuries on the job, encompassing crucial coverage of medical expenses, disability benefits and compensation in case of fatalities due to workplace accidents, to ensure a secure and dignified livelihood for India's labour force.

On the matter of social security for citizens of BRICS countries, the strengths brought to formal labour force on account of schemes of Employees State Insurance Corporation (ESIC) and Employees Provident Fund Organisation (EPFO) was highlighted. ESIC provides medical, sickness and other benefits, to its members; while EPFO is one of the world's largest social security funds providing pensionary and provident fund related benefits to labour.

EShram with a strong membership of 300 million unorganised sector workers, and India's vision to develop it as a ‘one-stop-shop' for access to social security benefits by the informal sector and self employed workers was explained.

Besides several important schemes promoting labour welfare, such as Pradhan Mantri Awas Yojana for affordable housing, Pradhan Mantri Kaushal Vikas Yojana to enhance employability through skill development, etc were highlighted.

India's impressive coverage of 347 million under Ayushman Bharat healthcare cards was also showcased as the world's largest government-funded healthcare programme.

India's remarkable transformation in its approach to financial inclusion and social welfare, by prioritising access to financial services and providing safety nets for vulnerable populations, whereby Government of India has empowered millions of individuals, thereby fostering an inclusive society, was emphasised. Member states were also urged by India to work together to ensure that universal social protection becomes a reality for the citizens in BRICS countries.

One of the significant outcomes of the aforesaid meeting was the adoption of the BRICS Labour & Employment Ministers' Declaration. The Declaration recognized the need for developing: comprehensive strategies for life-long learning, vocational guidance, continuous professional education; modernization of employment services; ensuring safe working conditions; welfare of the platform workers and bolstering robust social support mechanisms.

TIOL CORP SEARCH

TIOL GROUP WEBSITES