Existing minimum PF pension amount inadequate: Chandy

Image
Press Trust of India Thiruvananthapuram
Last Updated : Mar 26 2013 | 12:05 PM IST
Batting for an increase in the Provident Fund pension amount, Kerala Chief Minister Oommen Chandy today said it was a reality that existing PF pension was very meagre.
The minimum PF pension amount should be made at least Rs 1000, Chandy said while replying to a calling attention to the necessity to include PF pensioners in the scheme for supplying rice at Rs one per kg and in the Rashtriya Swasthya Bima Yojana (RSBY).
Union Labour Ministry has forwarded a recommendation to hike the PF pension amount to Rs 1000. The matter was now under the consideration of Union Fiance Ministry, Chandy said.
Referring to the demand of Elamarram Kareem (CPI-M) who moved the calling attention, Chandy said due to financial constrains of state, it would not be possible to include all PF pensioners in the BPL category list.
Centre has prescribed guidelines to identify the beneficiaries under RSBY and due to certain technical problems, all PF pensioners could not be included under the scheme, he said.
In this regard, Kerala government's subsidy bill for rice would come to around Rs 635 crore and if all PF pensioners were included in the BPL list, the subsidy would go up to Rs 645 crore, he said.
*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: Mar 26 2013 | 12:05 PM IST

Next Story