-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...
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Cash transfer scheme will eliminate irregularities, says Chidambaram
-The Hindu Chennai: Union Finance Minister P. Chidambaram said the cash transfer scheme, aiming at crediting subsidy amount directly to the bank accounts of beneficiaries, would be fully implemented throughout the country by December 2013. “Beneficiaries of 39 schemes will get their money transferred to their bank accounts directly,” Mr. Chidambaram said, while participating in the centenary celebrations of former Assembly Speaker S. Chellapandian on Sunday. He said the “your-money-in-your-hands” scheme would...
More »Rural men don domestic roles, thanks to SHG initiatives -G Naga Sridhar
-The Hindu Business Line Can you imagine many men who never donned domestic roles are now sharing household works in rural India? This is one of the findings of a national study, conducted on the impact of self help groups in the last two decades, which Union Minister of Rural Development Jairam Ramesh has released here. Finance and managment The study, conducted by the National Network of Enabling Self Movement (Enable) in eight States...
More »Govt may hike fuel prices to offset cost of extra cylinders
-The Economic Times The oil ministry may raise prices of diesel by Re 1 a litre or that of cooking gas by Rs 100 to neutralise the impact of its plan to increase the supply of subsidised cylinders to households, government officials said. "A Re 1 hike in diesel prices would generate about Rs 8,000 crore a year, which is sufficient for three additional cylinders in a year. About Rs 100 hike...
More »Doha dithers on equity -Meena Menon
-The Hindu THE SUNDAY STORY The scientific evidence points to a warming world. That would affect human health and agriculture, but at the Climate Change Conference in Doha, many rich countries baulked at strong action. India and China lead the developing world in calling for more remedial funding. The World Meteorological Organization (WMO) times the release of its provisional annual statement with the U.N. climate negotiations. This year, it dwelt on the...
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