Business Standard
Thursday, Feb 16, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

EPFO crackdown on defaulters soon...
BS Reporters / Kolkata Jun 02, 2009, 22:23 IST

The Employees Provident Fund Organisation (EPFO) would clamp down on the jute mills who failed to pay the provident fund dues of the employees through coercive and legal actions, a top government official said.

“Of the 59 jute mills in and around Kolkata, most are defaulters. We are trying to recover the amount through all sorts of measures, including coercive actions,” said S S Prasad, regional PF commissioner, EPFO, on the sidelines of an interactive session organised by the Bengal National Chamber of Commerce and Industry (BNCCI) in Kolkata on Tuesday.

According to Prasad, almost all the defaulting jute mills have filed for litigation against the EPFO, and in several cases, the EPFO had moved the Supreme Court for reversal of the judgements by the Calcutta High Court.

The jute industry has been witnessing labour unrest and frequent strikes over the last few years on issues like non-payment of standing provident fund (PF) and gratuity dues.

In May last year, a personnel of a jute mill in Titagarh, North 24-Parganas, was battered to death in his office on the mill premises, while the Sangrami Mazdoor Union (SMU) conducted protests in the premises.

The shrinking demand for jute in the packaging industry has also been a cause of concern for jute mill owners. Of the 59 jute mills in and around Kolkata, 52 are operating. Even in the operating jute mills, the production has been falling.

...to roll out NSSN

EPFO,that is yet to roll out the National Social Security Number (NSSN), has now made some modifications in the scheme in software related areas and has also changed its IT vendor from Siemens Information Services Ltd to National Informatics Centre(NIC). “We have completed trial runs in Karnal in Punjab and will soon replicate it here,” said a senior EPF official in the Kolkata Circle.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- S&P reaches 7-month high before hitting wall
- World Bank President Zoellick to step down on June 30
- Oil cos cut jet fuel prices by Rs 350/kl
- Telcos operating profit to rise 5% in 2 yrs: Crisil
- PESB recommends SS Narsing Rao for CIL's top slot
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Save over Rs.3000 with IndianOil Citibank Card
- We live for our family. have you secured them?
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Medium-sized businesses are the engines of a smarter planet.
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Office 365 for professionals and small businesses.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Kanika Datta: The importance of being SRK
- Nestle: Food for thought
- Tailor-made but not good enough
- Leela parts ways with Kempinski
- Tata Motors soars to record level as JLR propels profit
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us