-The Indian Express Increasing provident fund contributions within a faulty system is not the answer The Employees Provident Fund Organisation (EPFO) is moving towards increasing the mandatory contributions made towards an individual’s provident fund (PF). Contributions to the PF are 24 per cent of basic wages. Earlier, employers would exclude allowances such as the housing allowance (HRA) to make the basic wage look smaller, and pay lower amounts. If the EPFO has...

-Tehelka While Delhi government says it will eliminate leakages in the supply chain of food distribution, activists say it will take away the rights of the poor who require food entitlements rather than cash When Chief Minister of Delhi Sheila Dikshit fumbled a bit in front of 5,000 people while delivering her speech at the launch of Annshree Yojna, the audience let out a collective gasp and began murmuring loudly. Dikshit had...

-The Financial Express A Central employees' union will go on a token strike tomorrow to protest against the Pension Bill and the Centre's decision to allow FDI in pension. The Confederation of Central Employees and Workers said employees throughout the country were agitated over the government's fresh move to introduce the PFRDA Bill in this ongoing Parliament session. "It is surprising that even after findings of the Committee set up by the government...

-Reuters MUMBAI: Wal-Mart Stores Inc prepared its entry into India's supermarket sector in 2010 with a $100 million investment into a consultancy with no employees, no profits and a scant $14,000 in revenue. The company, called Cedar Support Services, might have been a more obvious selection four months earlier: it began its corporate life as Bharti Retail Holdings Ltd, according to documents filed with India's Registrar of Companies. The Cedar investment is now...

-The Times of India ALLAHABAD: From December 1, for booking a ticket in any reserved class of the train, a passenger will have to produce one of the prescribed proofs of identity failing which the said passenger will be treated as ticketless traveler and will have to pay fine accordingly. This provision will, however, not affect the existing provision of Tatkal scheme where during the journey, the passenger is required to show...