-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...
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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 »Chhattisgarh set to become first state to offer health insurance cover for all-Amiti Sen
-The Economic Times Chhattisgarh is set to become the first state to extend health insurance cover to all its unorganised sector workers, a step that will not only make healthcare accessible to all but also set a model for other states to follow. The state has offered to pay the insurance premium from October 1 for all those not covered under the Centre's flagship health insurance scheme-the Rashtriya Swasthya Bima Yojna (RSBY)....
More »Switch from farm subsidy to farm investment-Ashok Gulati
-The Economic Times With a weak monsoon, farmers and farm labour, agri-investors and policy makers, everyone is looking up in the sky and praying for more water to pour. Farm analysts are debating whether this will lead to a drop of 16 million tonnes of foodgrain, as it happened in 2009, or 38 million tonnes, as it did in 2002. NCAER is projecting 20 million tonnes drop in grain production in...
More »Unfair contract
-The Business Standard Hiring contract labour must come with more commitments Almost a third of India’s organised labour force is on contract. This is an inevitable consequence of archaic labour laws that make it impossible for India Inc to disengage permanent workers even if they can’t afford them, don’t need them or they don’t perform. Companies such as Maruti Suzuki India have thus used contract workers liberally — almost half the workers...
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