-The Times of India Almost one in three drugs (36%) found "not of standard quality" from across India last year were from Maharashtra (23%) and Tamil Nadu (13%) alone. Around 9.2% of the rest of the sub-standard quality drugs were from Kerala, Gujarat (8.5%), Karnataka (7.2%), Uttar Pradesh (6.9%), Jammu & Kashmir (6.08%) and Rajasthan (5.8%). Union health minister Ghulam Nabi Azad said on Tuesday that of the 48, 082 drug samples tested...
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PSU Bank Employees Go On 2-Day Strike
-PTI Employees of public sector banks have gone on two-day nationwide strike today opposing banking sector reforms and outsourcing of non-core activities, affecting operations. Several private sector banks, foreign banks and ATMs, however, continued to operate normally. The strike call was given by the United Forum of Bank Unions (UFBU), an umbrella organisation of nine unions of employees and officers of PSU banks. They are protesting against banking sector reforms and unilateral implementation of...
More »Govt wants EPFO pension raised to Rs 1,000 a month
-The Times of India The labour ministry has written to the finance ministry recommending that the minimum monthly pension for members of the Employees Provident Fund Organization (EPFO) be raised to Rs 1,000 per month. Who will fund the additional Rs 539 crore per year that this will cost, the government or workers, however remains a fraught issue. The EPFO currently has 35 lakh pensioners as its subscribers, of whom 7 lakh...
More »Seven-and-half years from an opaque to a transparent process for coal allocation
-The Hindu The Comptroller and Auditor-General’s report on the allocation of coal blocks, reviews how it took seven-and-half years to move the allocation procedure for captive coal blocks from a discretionary procedure to competitive bidding that was demonstrably transparent. It turns out that the process began within six weeks of UPA-I coming to power in 2004. Ironically, the amendment to the Mines and Minerals (Development and Regulation) (MMDR) Act rules for auction...
More »Eye on polls: Minimum PF pension of Rs 1,000 a month likely-Vikas Dhoot
-The Economic Times Nearly 6 crore formal sector employees could look forward to retiring with a minimum pension of Rs 1,000 a month, in addition to their provident fund savings, if the finance ministry green signals a labour ministry proposal to increase the pension of PF subscribers. At present, most provident fund subscribers receive less than Rs 500 a month as pension after decades of service, with some getting as low as...
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