-IANS The service records of Comptroller and Auditor General (CAG) Vinod Rai "are not traceable", the Department of Personnel and Training (DoPT) has revealed in response to a Right to Information (RTI) application. Lucknow activist Arvind Shukla had filed the RTI application last month, seeking details about the most powerful accountant of the country, who has gained renown as a vigilant anti-corruption watchdog and who is once again in the spotlight after...
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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 »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...
More »Red flag in front of FDI in pharma too-Pranab Dhal Samanta
-The Indian Express At a time when the government is struggling to get past objections from its coalition partners to attract investment in certain sectors such as retail, aviation and Pensions fund management, a grim internecine ministerial battle has applied the brakes on foreign direct investment flow into one of the more attractive and lucrative sectors — pharmaceuticals. Clearances for over Rs 1,000 crore FDI in this sector, the second largest in...
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