The revised IFC proposes to do away with the veto power enjoyed by RBI Governor on policy rates, instead suggesting a decision by a majority vote.
Prime Minister Narendra Modi had launched the two insurance schemes along with the Atal Pension Yojana on May 9 this year to improve social security and insurance coverage in the country.
Campaign for opening up of demat accounts likely to be undertaken
EPFO also plans to raise the age for withdrawal of up to 90 per cent of the accumulation from the current limit of 54 years to 57 years
Government to subsidise premium for those below poverty line by up to 90% through cash transfers.
The finance ministry is hopeful that capital spending will witness a significant rise in the current quarter as more projects get approved and Budget announcements are implemented.
Talking about different interest groups, Modi said that there was a thin line dividing the interest of industry and industrialists, government and nation, and labour and labour organisations.
The facility built on the lines of a similar service provided by the UK government aims to create a direct market place for workers and employers.
Laws (Exemption from Furnishing Returns and Maintaining Registers by Certain Establishments) Act, amendments to the Factories Act, 1948 are pending with Parliament.
The $100 billion NDB is promoted by Brazil, Russia, India, China, and South Africa for investments in infrastructure in the five nation bloc.
The mission, which is being launched on the World Youth Skills Day will also be launched by various state governments.
Over the past few years, the EPFO has been working to improve its claim settlement period trying to bring it within the mandated one month period
The Socio-Economic & Caste Census is set to help in better targeting of beneficiaries using Jan Dhan-Aadhar-Mobile number trinity.
BN Rai, president, Bharatiya Mazdoor Sabha said the trade union will continue to oppose all policies of the government that it considers to be wrong.
Public response to the Centre’s proposed guidelines to encourage electronic payments on www.mygov.in the have been largely positive with many suggesting the complete withdrawal of currency notes.
However, 11 Central trade unions that have already opposed the proposed amendments have also announced a national strike on September 2.
Earlier, the Prime Minister’s Office too is understood to have written to state governments encouraging them to take forward labour law reforms.
The latest socio -economic and caste census is expected to be released by the finance minister on July 3.
Those with a Bachelor’s degree with statistics, mathematical statistics or applied statistics as one of the subjects are now eligible to apply for the service.
The initiatives are expected to boost investments in the lagging infra sector.