News & Insights

NOTIFICATIONS New EPF, EPS & EDLI Schemes Approved to Align with Code on Social Security, 2020 The Central Board of Trustees (CBT) has approved the introduction of the Employees’ Provident Fund (EPF) Scheme, 2026; Employees’ Pension Scheme (EPS), 2026; and Employees’ Deposit Linked Insurance (EDLI) Scheme, 2026, as part of a broader effort to modernise India’s social security framework in line with the Code on Social Security, 2020. These new schemes are intended to replace t

NOTIFICATIONS Education Support for Wards of Unorganised Workers Strengthened in Alignment with Code on Social Security, 2020 The Ministry of Labour & Employment has announced a reform to strengthen educational support for children of unorganised workers, aligning welfare measures with the Code on Social Security, 2020. The change allows students receiving welfare-based scholarships under the Labour Welfare Scheme (Education Component) to also avail merit-based scholarships o

NOTIFICATIONS Redefinition of “Worker” Category Under Indian Labour Laws The Ministry of Labour and Employment, Government of India, through a notification dated 30 January 2026 , has significantly redefined the scope of who qualifies as a “worker” under Indian labour law frameworks. The notification clarifies that persons employed in a supervisory capacity and earning more than ₹18,000 per month will no longer fall within the statutory definition of a “worker”. This change

The Union Budget 2026 reflects a continuation of the government’s medium-term fiscal strategy, anchored in capital-led growth, manufacturing expansion and gradual regulatory consolidation. With a fiscal deficit target of 4.3% of GDP for FY 2026–27 , the Budget balances expenditure discipline with sustained public investment, particularly in infrastructure, skills and enterprise development. While labour and employment reforms are not foregrounded as standalone announcements,