-The Economic Times The government is ready to give up its monopoly over coal mining to meet the requirements of the economy, if BJP supports a long-pending legislation to amend the Coal Mine Nationalisation Act (CMNA). "We are ready to take up the bill and open up the coal sector to increase production. This is the only way forward and there is a consensus within the government on this. Once BJP comes...
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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...
More »IB asked to probe if there is Maoist link in Maruti plant violence-Sandeep Joshi
-The Hindu MHA’s move prompted by violence that rocked Maruti Suzuki’s Manesar plant Large scale violence by workers that rocked Maruti Suzuki’s Manesar plant in Gurgaon last week has led the Ministry of Home Affairs (MHA) to alert the Intelligence Bureau (IB) to probe whether there is any Maoist influence on trade unions in industrial belts in the National Capital Region (NCR). Senior MHA officials fear that Maoists might be trying to influence...
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