Labor Day: Labor Day is celebrated every year on 1st May. Labor Day is celebrated on May 1 to appreciate the contribution of the labor class. Let us tell you that Labor Day started in America in the 19th century. There the ‘At Our Day’ movement was started demanding eight hours of work, eight hours of recreation and eight hours of rest.
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The first Labor Day in India was celebrated on 1 May 1923 in Madras. It was started by the Labor Kisan Party of Hindustan. On the occasion of Labor Day, here we will give you information about 3 best government schemes.
Know the importance of Labor Day Labor Day is completely dedicated to the working class. The first one in America was celebrated in 1882. But even before that, the roots of Labor Day go back to the 1872 printers’ strike in Toronto (Canada). By the way, Labor Day is celebrated in Canada on the first Monday of September.
These are the 3 government schemes Pradhan Mantri Shram Yogi Maandhan Yojana is a scheme for financial security in old age under Pradhan Mantri Shram Yogi Maandhan Yojana. This scheme is for unorganized sector workers, which include shopkeepers, drivers, plumbers, tailors and mid-day meal workers etc. Under this scheme, a pension of up to Rs 3000 (Rs 36000 annually) is given every month.
If an 18-year-old deposits Rs 55 every month (less than Rs 2 daily), then he will start getting a pension of Rs 3000 at the age of 60 years. He will have to deposit Rs 55 monthly till the age of 60 years. You can view the contribution chart at this link .
These are the remaining 2 schemes E-labor portal in the remaining 2 schemes, through which registration of unorganized workers across the country is done and they are given many benefits. The second scheme is the Aam Aadmi Bima Yojana, through which insurance cover is provided to workers in the unorganized sector.
Salary bill of private sector increased Let us also tell that the difference between the salary bills of private sector and public sector has increased by about one percent in the non-financial year 2021-22. As a percentage of nominal GDP, the private sector wage bill stood at 12.7 per cent for the year ending March 31, 2022, compared to 11.8 per cent for the public sector, according to an ET analysis.