Plan to increase EPF pension by Rs 1,000 before Finance Dept

Union Cabinet will soon take a decision on the matter

Image
Press Trust of India Thiruvananthapuram
Last Updated : Nov 02 2012 | 3:01 PM IST

The Labour Ministry is actively considering a proposal to increase the Employees Provident Fund pension amount by Rs 1,000, Minister of State for Labour Kodikkunnil Suresh said here today.

"The Labour ministry's recommendation to increase the pension amount by Rs 1,000 is now before the Finance Ministry for consideration and the Union Cabinet will soon take a decision on the matter," he told a meet the press programme organised by Kesari Memorial Journalist Trust here.

Suresh said the ministry had received several representations from the EPF pensioners Association, pointing to the meagre pension amount, which in some cases was about Rs 50 to Rs 300.

The Association has demanded an increase of at least Rs 3000, he said, adding the cabinet would consider the matter once the Finance Ministry's expenditure wing submits its report.

On problems faced by nurses in private hospitals in the country, he said the Health Ministry had written to all states to bring out a law fixing wages and salaries for them.

Suresh said the Centre felt states should formulate laws on wages and salaries for nurses, taking into account the situation and circumstances prevailing in each state.

He said the Labour Ministry has started an ambitious programme of setting up 1,500 Industrial Training Institutes in the country to impart skill training to 50 lakh youth by 2022.

The health insurance scheme being implemented in the unorganised sector would be extended to more people, he added.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 02 2012 | 3:01 PM IST

Next Story