Detecting frauds worth about Rs 1 crore in claims settlement across the country, Employees Provident Fund Organisation on Wednesday decided to set up a fact finding team to investigate into the matter as part of efforts to prevent such misdemeanours.
Even as the labour ministry gave an in-principle approval to the civil aviation ministry's proposal to classify pilots as executives instead of workmen, the pilots' unions said they would respond strongly to the move.
Union Labour Minister and a prominent BJP leader from Delhi Sahib Singh Verma, however, said the subject of law and order will remain with the Centre.
Anguished over the Cabinet referring the Social Security Bill to a GoMs, members of a tripartite labour committee demanded that a legislation to provide social security to the unorganised sector be passed at the earliest.
Union Labour Minister Sahib Singh Verma said on Tuesday that the Central Board of Trustees would be meeting on May 31 at New Delhi for reviewing the interest rate of employees provident fund.
Spokesman of the Indian Pilots' Guild, Captain Mahesh Gulwani, said the decision to withdraw the stir followed three rounds of talks with Union Labour Minister Sahib Singh Verma.
In a bid to take forward labour reforms, the government on Thursday said units in the special economic zones will be exempted from making contributions to Employees Provident Fund and Employees State Insurance for five years.
The order said the two leaders who made objectionable comments while campaigning during election rallies be removed from the list of BJP's 'star campaigners'. Thakur and Verma can still canvass for the BJP but they will have to bear the campaign expenditures.
The Union Labour Minister Sahib Singh Verma said on Friday that he would soon make public the names and other details of the major provident fund defaulters.
India will soon write to the International Labour Organisation seeking its help to combat the scourge of penury and bring down the poverty ratio to 19 per cent by 2007 from the present level of 26 per cent.\n\n\n\n
The Central Board of Trustees of Employees Provident Fund Organisation is likely to cut the EPF interest by one per cent from the present 9.5 per cent when it meets on May 31.
Verma, who till recently was strongly opposed to any cut in EPF rates, however, appeared to have softened his stand as he cited the current lower interest rate regime in the country.\n\n\n\n
The government on Wednesday said it would put in place a new labour law within the next six months, incorporating reforms in the sector, as part of measures to bring it in tune with the liberalised environment.
The government on Thursday told the Rajya Sabha that it would permit setting up of private employment exchanges to facilitate job opportunities in the country.\n\n
The labour ministry will soon submit a detailed plan on providing social security to 37 crore (370 million) workers in the unorganised sector to a Group of Ministers, which is examining the proposal and slated to meet next week.
Labour Minister Sahib Singh Verma on Tuesday expressed confidence that the 9.5 per cent EPF interest rate could be maintained next year, in spite of the falling interest rates.
Agreeing to a partial rollover of the interest rate, the Central Board of Trustees of the EPFO on Friday asked the IFCI to pay 10 per cent on bonds issued by it for the next 10 years, starting from this fiscal.
Labour Minister Sahib Singh Verma said on Monday that he will try to maintain the present interest rate of 9.5 per cent on Employees Provident Fund for 2003-04.
However, in some markets of the city meat is anyways not sold on Tuesdays as this day of the week is considered auspicious by many Hindus.
Under increasing pressure to cut interest rates on Employees Provident Fund, the labour ministry is expected to meet the Reserve Bank of India brass in a bid to retain the current rate of 9.5 per cent.
The government will decide the interest rate on the country's largest pension fund scheme based on the rate of return on investments in the next financial year, Labour Minister Sahib Singh Verma said on Tuesday.
The government on Thursday assured that it will continue with the 9.5 per cent interest on Employees Provident Fund and said it was because of 'wise' investment decisions that it was able to offer such a rate.
The government on Thursday ruled out any cut in interest rates on Employees' Provident Fund this fiscal from the present 9.5 per cent, but said it would be reviewed only next fiscal based on the surplus position, Labour Minister Sahib Singh Verma
All top ten candidates belong to the BJP.
According to the chief minister's wife, she, her mother-in-law, Deputy Chief Minister Manish Sisodia wife and Health Minister Satyendar Jain's wife had gone to meet them at the L-G office, but were not allowed.
The list, which was released by Delhi BJP chief Manoj Tiwari, also included former AAP MLA Kapil Mishra and has 11 SC and four woman candidates.
Besides managing retirement funds, EPFO may come out with a scheme to provide housing to its over 5 crore (50 million) subscribers on additional contribution of 10 per cent by them from their basic wages every month.
COVID-19 has propelled him into a place in the sun that he could only have hoped for.
After intense confabulations and consensus-building lasting over eight hours, BJP on Wednesday announced the names of 62 candidates for Delhi assembly elections and decided to field former state unit president Vijendra Gupta against Chief Minister Sheila Dikshit.
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