-The Hindu Reiterating its opposition to the Pension Fund Regulatory & Development Authority Bill, the Communist Party of India (Marxist) on Thursday said it should not be passed by Parliament. In a statement, the party Polit Bureau said the Bill would deprive lakhs of Government Employees, both at the Central and State levels, of their right to get an assured rate of pension at the time of retirement, which they had been...
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Team Anna too finds fault with grievance redressal bill by Himanshi Dhawan
Team Anna on Thursday echoed concerns raised by Aruna Roy-led National Campaign for People's Right to Information (NCPRI) on the government's grievance redressal bill. Criticizing the structure for redressal created in the government bill as highly centralized that would collapse under the weight of complaints, Team Anna member Arvind Kejriwal said the selection process was "faulty". Activists have suggested that complaints be dealt with at the district level itself. Under the current...
More »Nod for 26% FDI in pension funds by Remya Nair
The govt has thus rejected the recommendation of the parliamentary standing committee on finance that the 26% FDI cap be a part of the Bill The cabinet on Wednesday cleared amendments to the Pension Fund Regulatory and Development Authority Bill, 2011, capping the overseas investment limit in the sector at 26%, but retaining the flexibility to raise this limit by stating that it would not form a part of the legislation. The...
More »Central Vigilance Commission penalises over 200 officials for graft in September
-PTI Over 200 government officials have been penalised for their alleged involvement in corruption by the Central Vigilance Commission (CVC) during September this year. Out of the total of 201 Government Employees, the highest number of 46 were from Central Board of Excise and Customs, 29 from Syndicate Bank, 20 from State Bank of India and 13 each from Delhi Development Authority and Ministry of Railways among others, a CVC report said. Besides...
More »Where development hasn’t quite reached by Bhamati Sivapalan and Yamini Deenadayalan
After being mired in controversies across the nation over multi-crore scams, the MGNREGA scheme hasn’t quite made headway in Bulandshahr district’s Anupshahr yet, say Bhamati Sivapalan and Yamini Deenadayalan “MGNREGA is a flop in Uttar Pradesh,” extended NGO worker Manish Sharma, as small talk, at the block development office of Anupshahr in the Bulandshahr district of Uttar Pradesh. Despite having been in force since 2005, the Mahatma Gandhi National Rural Employment...
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