RDI Fund 'Conflict of Interest' policy protected by Stringent Safeguards: MoS (See 'Corp Brief') BRICS Youth Council Meeting and BRICS Youth Summit held successfully in Gandhinagar (See 'Corp Brief') RM to hold bilateral talks with his Japanese counterpart in New Delhi (See 'Corp Brief') 'Friends of MY Bharat': A New Global Youth Connect launched (See 'Corp Brief') IBC - Writ remedy cannot be invoked where petitioner does not challenge any order passed by either Tribunal but merely seeks directions relating to listing, constitution of special bench & restraint on pending proceedings - costs of Rs 25000 imposed on petitioner: HC (See 'Legal Desk') HM to chair 31st meeting of Southern Zonal Council in Mahabalipuram (See 'Corp Brief') India hosts 8th BRICS Youth Energy Summit 2026 (See 'Corp Brief') Health Ministry organises Capacity Building Workshop to strengthen Leprosy Control (See 'Corp Brief') IPR - Fundamental test in trade dress passing off action is one of overall impression and similarity, rather than side-by-side comparison of minor differences: HC (See 'Legal Desk') FM asks Banks to establish sustained relationship with Young customers (See 'Corp Brief') Guwahati-Tezpur Corridor: A New Highway Link to Boost Assam's Tea, Tourism and Trade (See 'Corp Brief') Historic Turnout Marks West Bengal's First-Ever Kaushal Mahotsav (See 'Corp Brief') PMLA - Accused has no vested or matter-of-right entitlement to conversion of non-bailable warrant into bailable warrant: HC (See 'Legal Desk') CCI approves acquisition of 23% equity of TM International Logistics by Tata Steel (See 'Corp Brief') CCI nod for addl shareholding of Acko Technology by General Atlantic Singapore (See 'Corp Brief') CCI okays acquisition of equity in Bharti Life Insurance by Prudential Corporation (See 'Corp Brief') Competition Law - Collective determination of freight rates by truck associations constituted horizontal agreement that directly determined sale prices, thereby violating Sec 3(3)(a): CCI (See 'Legal Desk') Gwalior-Chambal Region to gain New Momentum with Strengthened Rail Connectivity (See 'Corp Brief') Credit to weaker sections reaches Rs 3.49 lakh crore (See 'Corp Brief') PMLA - NBFCs cannot shield themselves from liability when they allow their regulatory licenses to be used for predatory financial crimes: SAFEMA (See 'Legal Desk') Department of Youth Affairs to host BRICS Youth Council Meeting (See 'Corp Brief') IBC - Only crystallised claims as on effective date are payable on pro-rata basis from designated Operational Creditors Settlement Amount: SC (See 'Legal Desk') RDDBFI - Borrowers cannot cherry-pick figures from bank certificates while ignoring standard accounting treatment of interest after NPA classification: SC (See 'Legal Desk') IPR - Holding subsequent trademark registration does not override prior court injunction protecting visual get-up: HC (See 'Legal Desk') PSB Confluence 2026 - deposit mobilisation, banking for youth & investment cycles on agenda (See 'Corp Brief') A&C - Continuation of arbitration proceedings against some guarantors while statutory interim moratorium u/s 96 of IBC is in effect regarding 'debt' violates fundamental policy of Indian law: HC (See 'Legal Desk') IBC - Rights issue that does not comply with the mandatory timing and procedural requirements under company law, and which reduces majority shareholders into minority and transfers control, constitutes oppression: NCLT (See 'Legal Desk') DFS highlights mechanism for Timely Redressal of Insurance Policyholders' Grievances (See 'Corp Brief') CCRAS-NIIMH signs MoU with Sevadhi Museum and Indological Research Institute for Digitization (See 'Corp Brief') IBC - Second proviso to Rule 30(9) of Companies (Incorporation) Rules, 2014, acts as mandatory statutory bar, which prevents Regional Director from allowing shifting of registered office while appeal against resolution plan is pending: HC (See 'Legal Desk') Over 2 Lakh Villages, Now 'Har Ghar Jal' Certified (See 'Corp Brief') Companies Act - Assets of a company belong to the entity and its creditors, not its shareholders; transfer of company assets seemingly to place them beyond creditors' reach is impermissible: HC (See 'Legal Desk') MSDE convenes India-Japan Stakeholder Consultation to strengthen skilling (See 'Corp Brief') Competition law - Dealership termination, even if commercially harsh, does not by itself become competition law violation unless there is material showing an anti-competitive agreement causing dominance and abuse: CCI (See 'Legal Desk') Tete-a-tete around AI in banking sector often begins with algorithms (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.

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