-The Hindu No plan to merge the EPF with NPS, says Nirmala Sitharaman. Finance Minister Nirmala Sitharaman has said there is no intent to discourage higher income earners from saving with the Employees Provident Fund (EPF) and that she was open to reviewing the contribution limit of ₹2.5 lakh a year for tax-free interest, imposed in the recent Union Budget. Reiterating that the EPF will continue to remain in its present form, the...
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5 labour surveys including on migrants, domestic workers to begin by Apr 1
-PTI/ Business Standard The third pre-testing of the five surveys would be conducted in next ten days and then the studies would begin across the country by the Labour Bureau The Labour Bureau is all set to launch its five major surveys, including on migrant and domestic workers, across the country by April 1 as two out of three mandated pre-testings of the studies yielded "encouraging and positive results". The third pre-testing of...
More »Recognising housework: Is paying the only way? -Soumya Kapoor Mehta and Sona Mitra
-Hindustan Times While it is a welcome attempt to provide worth to housework, steps to reduce and redistribute such work are perhaps more important than asking for women’s unpaid work to be monetised, even notionally. They are important to ensure women’s rights and a sense of social justice. In January, the Supreme Court directed an insurance company to pay a higher claim amount by taking into account the unpaid work performed by...
More »Over 2.9 lakh cyber security incidents related to digital banking reported in 2020: Dhotre
-PTI/ The Hindu The Minister of State for Electronics and IT Sanjay Dhotre noted that the rising popularity of non-banking financial companies (NBFCs) along with e-commerce has also expanded the scope of digital payments. Over 2.9 lakh cyber security incidents related to digital banking were reported in 2020, Parliament was informed on Thursday. As per the information reported to and tracked by Indian Computer Emergency Response Team (CERT-In), a total number of 1,59,761;...
More »NK Singh, chairman of the 15th Finance Commission, interviewed by Zia Haq (Hindustan Times)
-Hindustan Times The chairman of the 15th Finance Commission, NK Singh, spoke to Zia Haq about the final report of the Commission for 2021-26 which has now been made public. Edited excerpts. The Constitution, through Article 280 to 281, provides for finance commissions every five years as a mechanism for sharing of taxes and revenues vertically between the Centre and states; and horizontally among all states, based on levels of development, demographic...
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