Chief Minister V.S. Achuthanandan on Wednesday announced that the scheme for supply of ration rice at Rs.2 a kg would be extended to all cardholders, including APL cardholders, subject to certain conditions. People with high incomes and landholdings would not be eligible. Briefing the media on the Cabinet decisions, the Chief Minister said the Cabinet had approved the recommendations of the Ninth Pay Revision Commission with changes proposed by the Cabinet...

Illegality in India today touches almost every economic activity. It is both systemic and systematic. The Indian ruling class faced its severest crisis of credibility in 2010. Its past caught up with it and skeletons and scams were spilling out of its closets. The scams have a symbiotic relationship with the black economy. The number of scams is growing and so is the size of the black economy, which has reached...

The retirement fund manager EPFO plans to replace PF account number with unique identification number, a move which will help in speedy transfer of a subscribers' funds in case of job change and allow them to track their accounts online. At present when a subscriber changes job, it takes months to transfer Provident Fund money from one account to another, as the records are required to be transferred from one office...

Rolling out a slew of measures for the working class in 2010, the government effected key reforms in some labour acts while also raising the annual rate of returns on employee Provident Funds to 9.5 per cent. The steps came as the government also unveiled the draft national policy on employment with suggestions of launching of a employment guarantee scheme in urban areas on the lines of NREGA. It amended the Payment...

After sugar mills in Uttar Pradesh, it’s now the turn of jute mills in West Bengal to reel under shortage of labour. This has forced many jute mills to reduce their production hours and go for production cuts. The 52 working jute mills in West Bengal employ around 400,000 workers and the labour shortfall is about 30 per cent. “The workers are more interested in getting engaged in different government schemes like...