OBC creamy layer ceiling increased to Rs 8 lakh : Finance Minister | WeForNews | Latest News, Blogs OBC creamy layer ceiling increased to Rs 8 lakh : Finance Minister – WeForNews | Latest News, Blogs
Connect with us

India

OBC creamy layer ceiling increased to Rs 8 lakh : Finance Minister

Published

on

New Delhi, Aug 23: The central government on Wednesday increased the criterion of OBC creamy layer to Rs 8 lakh from Rs 6 lakh and said there will be sub categorizations within ‘Other Backward Classes’ list.

Addressing a press conference, Union Finance and Defence Minister Arun Jaitley  revealed that it will soon set up a commission to examine sub categorizations of OBCs.

He said once the chairperson of  the Commission appointed, it will submit its report within 12 weeks.

Earlier, The National Commission for Backward Classes (NCBC) in its report to the government recommended sub-categorisation within the OBCs into three categories i.e.OBCs into Extremely Backward Classes (Group ‘A’), More Backward Classes (Group ‘B’) and Backward Classes (Group ‘C’).

Apart from this, Jaitley also asserted that the Cabinet has approved a framework for consolidation of public sector banks.

When asked is there any possibility to demonetise the newly introduced Rs 2,000 currency notes, Union minister said that there was no discussion within government to scrap higher value denomination.

Speaking on Rail Minister Suresh Prabhu decision of offering resignation after multiple rail derailment, Jaitley said  accountability is a good system in the government.

However, he said that the final decision will be taken by Prime Minister Narendra Modi in the matter.

Wefornews Bureau 

 

Business

No decision to discontinue printing Rs 2,000 notes: Govt

Security Printing and Minting Corporation of India Limited (SPMCIL) has informed that printing of bank notes at their presses was also affected due to the Covid-19 pandemic, he said.

Published

on

Rs 2000 Notes

New Delhi, Sep 19 : Although printing of Rs 2,000 denomination notes has been significantly lowered, the Centre has not decided to discontinue the high denomination notes.

In a written reply to a question in the Lok Sabha on Saturday, Minister of State for Finance, Anurag Thakur said that printing of bank notes of particular denomination is decided by the government in consultation with the Reserve Bank of India (RBI) to maintain desired denomination mix for facilitating transactional demand of public.

“During the year 2019-20 and 2020-21, no indent has been placed with the presses for printing of Rs. 2000 denomination notes. However, there is no decision to discontinue the printing of Rs. 2,000 denomination bank notes by the Government,” he said.

A total of 273.98 crore notes of the denomination of Rs 2,000, were in circulation as of March 31, 2020, compared to 329.10 crorenotes in March 31, 2019.

On a question regarding the impact of the pandemic on the currency printing process of various denomination notes, Thakur said that according to RBI in view of nation-wide lockdown printing of notes stopped temporarily.

However, the note printing presses resumed production in a phased manner, as per the guidelines issued by Central and state governments.

The production activities at Bharatiya Reserve Bank Note Mudran Private Limited (BRBNMPL) presses were suspended from March 23, 2020 to May 3. Printing of bank notes at BRBNMPL presses resumed from May 4, 2020.

Security Printing and Minting Corporation of India Limited (SPMCIL) has informed that printing of bank notes at their presses was also affected due to the Covid-19 pandemic, he said.

Continue Reading

Blog

Air India employees receiving PF dues within 30-60 days

Once the management is satisfied that there are no dues pending from the employee, the Company Contribution is also released accordingly”, Air India said.

Published

on

By

Air India 777

New Delhi, Sep 19 : National carrier Air India has clarified that it had already deposited the TDS and the PF dues for superannuated employees which are being released within 30-60 days.

There have been reports that Air India has defaulted on the deposit of TDS and PF dues since January this year.

Responding to IANS queries, Air India said it has already deposited the TDS.

“Distribution of Form 16 is also under process”, it added.

On the PF dues of employees, the national carrier said they are receiving them within 30-60 days.

“All our employees, getting superannuated, are receiving PF dues generally within a period of 30-60 days. The Employees’ contribution is paid at the initial stages after retirement- usually within a period of 30 days.

The Company’s Contribution is disbursed usually within 60 days after superannuation, depending on clearance and NOC by various departments like Finance, Personnel, Security, Vigilance.

Once the management is satisfied that there are no dues pending from the employee, the Company Contribution is also released accordingly”, Air India said.

Continue Reading

India

450 jobless Indian workers forced to begin Saudi, shifted to detention centres

Due to the ongoing COVID-19 pandemic, the situation of the economy of many countries has worsened. The effect can be seen in Saudi Arabia as well. As there are no jobs 450 Indian workers have no other choice but to beg for survival.

Published

on

jobless Indian workers in Saudi

Due to the ongoing COVID-19 pandemic, the situation of the economy of many countries has worsened. The effect can be seen in Saudi Arabia as well. As there are no jobs 450 Indian workers have no other choice but to beg for survival.

The workers are mainly from the states of Andhra Pradesh, Maharashtra, Bihar, Delhi, Rajasthan and Karnataka. The work permits of these workers have now expired and thus they have to beg as their situation is worse.

These workers are now being shifted to detention centres. Videos have gone viral where the workers are being taken to the Shumaisi detention centre in Jeddah. Among the workers 39 belong to the state of Uttar Pradesh, 10 belong to Bihar, 5 are from Telangana and four each from the state of J and K, Maharashtra and Karnataka.

Workers said that they have not committed any crime but had to beg as they had lost their jobs and were helpless.

Social worker and MBT leader Amjed Khan told TOI that the workers with an expired work permit were taken to detention centres .

A total of 2.4 lakh Indians were reported to return to the country but only 40,000 have made it so far.

Continue Reading
Advertisement

Most Popular

Corona Virus (COVID-19) Live Data

COVID-19 affects different people in different ways. Most infected people will develop mild to moderate illness and recover without hospitalization.