-The Times of India MUMBAI: Market regulator Sebi on Wednesday cracked down on the retail-to-financial services Sahara group and ordered the attachment of all assets of two Sahara group firms, besides freezing their bank accounts and those of their promoters and directors including that of group head Subrata Roy. Sebi's crackdown on the two Sahara group firms—Sahara Housing Investment Corp and Sahara India Real Estate Corp — comes exactly a week after...
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EPFO puts on hold decision to make Aadhaar must for new accounts
-PTI Retirement fund body has decided to put on hold the decision to make it mandatory for new members joining EPF scheme to provide Aadhaar number as credential for enrolment from March 1, 2013. "In view of discussion with UIDAI official and the time required in the process of obtaining Aadhaar numbers, it may not be possible to obtain Aadhaar number by EPF members by March 1, 2013. Therefore it has been...
More »Cabinet clears new Lokpal Bill-Liz Mathew and Anuja
-Live Mint Cabinet-approved Bill may stir up controversy after it left out a key proposal to bring CBI within its purview On the day that it approved the anti-graft Lokpal Bill, the first murmurs of dissent against finance minister P. Chidambaram’s call for expenditure cuts surfaced in the Union cabinet—over the seemingly piffling amount of `90.38 crore. The cabinet eventually overruled the finance ministry’s objections and approved the infusion of the money for...
More »Despite drawbacks, MGNREGS tops in job creation-AV Ragunathan
-The Hindu Hailed as path-breaking, the scheme completes seven years on February 2. Six districts were chosen as part of the first phase in 2006. As in other parts of the country, the scheme has thrown up several issues such as livelihood security and gender empowerment. Starting today, we will be carrying a series of field reports. VILLUPURAM: Divergence of views prevails over the implementation of the Mahatma Gandhi National Rural Employment...
More »Unions Oppose EPFO's Move to Make Aadhaar Mandatory
-Outlook Trade Unions have raised red flag against the retirement fund body EPFO's suo moto decision to make submission of Aadhaar mandatory for its over 50 million existing subscribers and new members. Questioning the decision of the Employees' Provident Fund Organisation (EPFO), the trade union leaders said that it would be impossible for the members to provide Aadhaar numbers as the scheme was not operational in many parts of the country. Also...
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