Narendra Modi's Washington test

Narendra Modi's Washington test

If Modi gets the world’s biggest power right, his pursuit of larger global goals...
Small banks or banks for ‘small’ people?

Small banks or banks for ‘small’ people?

Unless appropriate sub-limits are imposed on loans, there is a serious...

Cabinet proposal soon to constitute 7th Pay Commission for revising salaries

Dec 19 2013, 21:24 IST
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The government is believed to have approved fixing minimum pension of Rs 1,000 per month under the Employees' Pension Scheme 1995 run by EPFO. The government is believed to have approved fixing minimum pension of Rs 1,000 per month under the Employees' Pension Scheme 1995 run by EPFO.
SummaryGovt has made provision of Rs 3.5 cr in second supplementary demands for grants in this regard.

of basic wages from existing 1.16 per cent for ensuring Rs 1,000 per month to pensioners.

The decision to fix minimum pension of Rs 1,000 would immediately benefit over 35 lakh pensioners under EPF-95. In the long run, the decision of enhancing wage ceiling would benefit over 5 crore existing subscribers of EPFO.

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