-The Hindu Industry had opposed the move as it may hurt small factories financially New Delhi: The centre is reconsidering a plan to widen the social security net for workers by bringing more factories under the provident fund coverage. The Cabinet Secretariat has pointed out a few contradictions in the Labour Ministry’s proposal to amend the Employees’ Provident Fund and Miscellaneous Provisions Act of 1952, senior labour ministry officials said. The Labour Ministry had...
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Govt eyes post offices, kiranas for pension plans -Sidhartha
-The Times of India NEW DELHI: After the success with opening bank accounts and two insurance schemes, the government is lining up a major push for retirement savings under its financial inclusion programme. The finance ministry has begun talks to rope in 1.5 lakh post offices along with kirana shops and chemists to sell pension plans with an assurance of minimum returns. Sources told TOI that the department of posts, which is...
More »After 60 years, SC to re-look right to privacy, courtesy Aadhaar -Krishnadas Rajagopal
-The Hindu The new Constitution Bench will sit for the first time on October 14. Over 60 years after an eight-judge Bench declared that Right to Privacy is not a fundamental right, the Supreme Court on Thursday decided to set up another Constitution Bench to re-look the question in the light of raging controversy that the Aadhaar card scheme is an invasion into citizen's privacy. In 1954, the Supreme Court Bench led by...
More »Centre for all-round use of Aadhaar card -Dhananjay Mahapatra
-The Times of India NEW DELHI: The Centre on Tuesday came to the Supreme Court along with several important organizations and made an impassioned plea for permitting voluntary use of Aadhaar cards held by 90 crore citizens to accurately identify beneficiaries for welfare schemes. They wanted modification of the SC's August 11 interim order limiting the use of Aadhaar card only for LPG subsidy and ration through public distribution system. A bench...
More »PFRDA Bill gets President assent
-PTI President Pranab Mukherjee on Friday gave his assent to the Pension Bill, which provides for investment of funds in equity market and opens the sector to up to 26 per cent FDI. The long-pending Pension Fund Regulatory and Development Authority (PFRDA) Bill was passed by Parliament on September 6. "The PFRDA Bill, 2013 has received the assent of the President of India," an official statement said. The legislation provides subscribers a wide choice...
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