Cabinet may step in to resolve EPF stand-off
New Delhi: The stand-off between the labour and finance ministries over retaining the interest rate on employees' provident fund deposits for 2002-03 at 9.5 per cent may have to be resolved by the union cabinet.
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EPF cushion for laid-off members
New Delhi: The central board of trustees of the Employees Provident Fund Organisation has cleared the introduction of a multi-benefit employees insurance scheme for EPF members who have been laid off on account of companies' 'right-sizing.'
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NOC mandatory for govt trusts to seek external loans
New Delhi: The finance ministry has outlined that the central- and state-sponsored societies, associations and trusts will have to obtain a no-objection certificate from the department of economic affairs before submitting their proposals for funds to external agencies.
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Status quo on EPF rate as Verma puts his foot down
New Delhi: New labour minister Sahib Singh Verma has reiterated that there will be no cut in the present rate of interest at 9.5 per cent on the employees provident fund deposits, and said if necessary, the cabinet will be moved for continuing with the current interest rate regime.
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Drag EU to WTO over stiff tech norms: FICCI
New Delhi: FICCI has urged the government to take up the issue of technical regulations and standards during the WTO Trade Policy Review of the European Union scheduled for 24-26 July 2002.
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No changes in copra MSP
New Delhi: The cabinet committee on economic affairs has decided to maintain minimum support price for milling copra at Rs 3,300 per quintal and ball copra at Rs 3,550 per quintal for the 2002 season to prevent distress sales by copra farmers.
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Cabinet to find ways against opposition to disinvestment
New Delhi: The department of disinvestment has convened a crucial meeting at New Delhi on 11 July 2002 to discuss the problems being faced by the government in shedding its stake in various central public sector undertakings.
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UK rejects A-Is request for more landing slots at Heathrow
New Delhi: The United Kingdom has turned down the Indian governments request for additional landing slots for Air-India at Londons Heathrow airport, and instead offered other airports such as Gatwick and Manchester.
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