-The Hindu “Unions should press for things like public health, nutrition, in addition to [addressing] issue of secularity” Nobel laureate Amartya Sen on Saturday exhorted Trade Unions to expand their role to address injustice in general, covering aspects like inequalities in income, healthcare, education and nutrition. Speaking at the 90 anniversary celebration of the Reserve Bank Employees Association, he said unions could take their role further as their identity cut across religious sects,...
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Wages in India lagged behind overall GNP growth: Amartya Sen
-The Business Standard Nobel laureate says rural areas worst affected, with wages in Chinese villages having risen 6-7 times faster Nobel laureate Amartya Sen today said that wages in India had failed to keep pace with the overall GNP growth over the last decades. Sen pointed out, although India has seen a lot of economic growth over the past 20 years, wages, especially that of rural labour, have fallen behind. Comparing wage rise...
More »EPFO to include 'AAA' rated corporate bonds in portfolio-Raj Kumar Ray
-The Indian Express The Employees' Provident Fund Organisation is set to widen its investment horizon by including 'AAA' rated corporate bonds of any private company in its portfolio following a clean chit from Crisil, a move that can open up a window for blue-chip corporates to raise about Rs 35,000 crore through long-term debt papers annually. Crisil, which was appointed by EPFO to advice on investment portfolio, has said that none of...
More »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 »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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