26 January 2018: The Union Labour Ministry issued a draft notification on 8 January 2018 proposing an amendment in the provisions of the Industrial Employment (Standing Orders) Central Rules, 1946 to allow Fixed Term Contracts (FTC) in all sectors.
The proposed amendments exempt the employers from:
15 January 2018: Government has increased the cap of Foreign Direct Investment (FDI) in Single Brand Retail to 100% with the clause that where the share of FDI exceeds 51%, 30% of the value of goods purchased must be from India. The government has also allowed for 100% and 49% FDI in the Construction sector and Civil Aviation sector respectively.
9 January 2018: The Jammu & Kashmir Building and Other Construction Worker Welfare Board launched Muhafiz – an insurance scheme for construction workers which would provide a cover of Rs.4 lakh for accidental death, Rs.2 lakh for natural death, Rs.2 lakh for permanent disability, Rs.1 lakh for partial disability and a credit facility of up to Rs.10,000.