Odisha Government Raises Pension for Construction Workers
ECONOMY & POLICY

Odisha Government Raises Pension for Construction Workers

In a significant move, the Odisha government has declared a hike in the pension provided to construction workers. This decision reflects a proactive approach to prioritise the welfare of this essential workforce, acknowledging their contributions and addressing the changing dynamics of the labour sector.

The increase in pension for construction workers is expected to have a positive impact on the livelihoods of individuals engaged in this sector. The Odisha government's commitment to enhancing social security measures aligns with broader efforts to uplift and support the labour community, particularly those involved in critical infrastructure development.

The announcement underscores the importance of recognizing the challenges faced by construction workers and responding with concrete measures to improve their socio-economic conditions. The Odisha government's decision to raise pension levels is a testament to its dedication to the well-being of the labour force and a step towards creating a more inclusive and supportive environment.

As the Odisha government takes measures to bolster the financial support provided to construction workers, the move is poised to contribute to the overall welfare and economic resilience of this vital segment of the labour workforce. The decision reflects a balance between acknowledging the contributions of construction workers and addressing their evolving needs in a rapidly changing socio-economic landscape.

In a significant move, the Odisha government has declared a hike in the pension provided to construction workers. This decision reflects a proactive approach to prioritise the welfare of this essential workforce, acknowledging their contributions and addressing the changing dynamics of the labour sector. The increase in pension for construction workers is expected to have a positive impact on the livelihoods of individuals engaged in this sector. The Odisha government's commitment to enhancing social security measures aligns with broader efforts to uplift and support the labour community, particularly those involved in critical infrastructure development. The announcement underscores the importance of recognizing the challenges faced by construction workers and responding with concrete measures to improve their socio-economic conditions. The Odisha government's decision to raise pension levels is a testament to its dedication to the well-being of the labour force and a step towards creating a more inclusive and supportive environment. As the Odisha government takes measures to bolster the financial support provided to construction workers, the move is poised to contribute to the overall welfare and economic resilience of this vital segment of the labour workforce. The decision reflects a balance between acknowledging the contributions of construction workers and addressing their evolving needs in a rapidly changing socio-economic landscape.

Next Story
Building Material

JSW Steel and POSCO to Invest ?650 Billion in Odisha Steel Plant

India's JSW Steel and South Korea's POSCO have announced plans to jointly invest ?650 billion (~$7.73 billion) in constructing a steel plant in Odisha. The plant, which will have an initial capacity of 5 million tons of steel annually, is part of their strategy to tap into India's rapidly growing steel market, fueled by its fast-paced economic expansion. The cooperation agreement was signed last week, although specific financial details were not disclosed. The initial investment for the project will be ?200 billion, with the plant expected to be operational by next year. Over the following thr..

Next Story
Infrastructure Urban

India's EV Charging Market Set to Reach $3.7 Billion by 2030

India’s electric vehicle (EV) charging market is projected to grow to $3.7 billion by 2030, driven by increasing EV adoption and the need for efficient charging solutions. The sector is expected to expand at a compound annual growth rate (CAGR) of 16%, supported by environmental concerns and fluctuating fuel prices. Globally, the EV charging infrastructure market is also experiencing significant growth, with revenues forecast to surge from $25.9 billion in 2023 to $164 billion by 2030, reflecting a CAGR of approximately 12%. "Fast-charging technologies and battery-swapping solutions are esse..

Next Story
Resources

IIA Kerala to host SRC 2024 on November 29-30

The Southern Regional Conference (SRC) 2024, hosted by The Indian Institute of Architects (IIA) Kerala Chapter and organised by IIA Kannur Centre, will take place on November 29-30, 2024 at Vythiri Village Resort in Wayanad. This prestigious conference will bring together visionary architects from across the country  and beyond to foster a rich dialogue and exchange of innovative ideas in the field of architecture.The Southern Regional Conference serves as a premier platform for professional development, knowledge sharing, and networking within the architectural community. This year’s t..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000