-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 »SEARCH RESULT
Total Matching Records found : 183
Government's e-office plans tied in red tape, files go up in flames-Vikas Dhoot & Harsimran Julka
-The Economic Times Heaps of dusty files continue to grow in government buildings and sensitive papers are mysteriously lost, leaked or dramatically reduced to ashes in fires while the six-year-old plan to modernise and digitise governance remains tied up in what it should eliminate - red tape. The latest casualty was the Union home ministry, where a fire was reported on Sunday, days after a blaze engulfed Mumbai's Mantralaya, killing people and...
More »Govt push for Rs. 1,000 monthly pension plan-Vivek Sinha
-The Hindustan Times The labour ministry has proposed a minimum pension of Rs. 1,000 a month for all those who subscribe to the Employees’ Pension Scheme (EPS). If implemented, the move will benefit nearly 3 million workers engaged in small and medium enterprises with higher retirement benefits. Under the EPS 95 scheme, which has been in operation since 1995, a part of the employees’ Provident Fund contributions are set aside into...
More »World Bank urges India to make PF must for formal staff-Vikas Dhoot
-The Economic Times The World Bank has urged India to make Provident Fund membership compulsory for all formal sector staff and urgently raise the 6,500 wage ceiling for mandatory PF contributions - which at present is even lower than the minimum wages in most states. The Bank has also advised to reduce the threshold for bringing firms under the Employees' Provident Fund (EPF) net from 20 staff to 10, dismissing finance ministry...
More »Dipankar Mukherjee passes away
-The Hindu Renowned trade union leader Dipankar Mukherjee (69), who passed away on Monday morning, was a brilliant parliamentarian with versatile capabilities. Elected to the Rajya Sabha in April 1994 from West Bengal as a Communist Party of India (Marxist) member, Mr. Mukherjee played an important role in intervening in all crucial economic and industrial policy-related issues during his 12-year-long parliamentary stint till 2006. Born in June 1943 in Kolkata, Mr. Mukherjee had...
More »
