Mumbai: Union Shipping Minister GK Vasan on Friday said the government has decided to increase the monthly pension for seafarers to Rs 500. Under the revised scheme, seafarers will earn Rs 500 per month as against Rs 200 now, Vasan told reporters on the sidelines of the 50th National Maritime Day celebrations here.
The ministry will source the additional funds by charging foreign shipping lines and registration agencies, the minister added.
"The funds of Seafarers Welfare Society need to be augmented. We are exploring various measures in this regard like securing contribution from foreign shipping lines and registration agencies," he said.
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10:48 PM, Apr 05, 2013
The Tamil Nadu Assembly has reduced the suspension to six months of six DMDK MLAs who assaulted a dissident leader inside the House. They had earlier been suspended for a period of one year. ...
11:13 AM, Mar 27, 2013
Cyprus considered nationalising pension funds and ordered banks to stay shut till next week to avert financial chaos after it rejected the terms of a European Union bailout and turned to Russia for aid. ...
07:40 AM, Mar 21, 2013
Caught in a battle between their teachers and the government, Himanshu Phalak and Yojit Sharma are among thousands of students in Maharashtra whose scheduled exams hang in the balance. Second year B.Com student Himanshu Phalak said, "I don't even know what my exam timetable is like." ...
10:14 AM, Mar 20, 2013
Union Minister Jairam Ramesh has agreed to universal pensions by doing away with the BPL criteria. This means if the Cabinet approves this decision, 6 crore more people will get pensions. ...
02:26 PM, Mar 07, 2013
Government is planning to bring in reforms in NSAP pension scheme to include more socially and economically deprived people by covering single women and reducing minimum eligibility age for widows from 40 years to 18 years. The revised scheme which is expected to cost Rs 1,31,626 crore will have an exclusion criteria and the assistance extended to beneficiaries would be indexed to annual inflation. ...
07:15 PM, Mar 04, 2013
Retirement fund body EPFO on Monday decided to pay 8.5 per cent interest rate to its over five crore subscribers on their PF deposits for 2012-13, higher than 8.25 per cent provided in the previous fiscal. The decision was taken at the meeting of the Central Board of Trustees (CBT), the highest decision making body of the Employees' Provident Fund Organisation (EPFO). The meeting was chaired by Labour Minister. ...
06:38 PM, Feb 25, 2013
In the Mercedes SLS AMG Black Series, AMG has tuned the fabulous 6.2-litre V8 engine to produce 622 PS, up from 583 PS. The torque has dropped by 14 Nm, but Mercedes claims a 0-100 kmph timing of 3.6 second and a top speed of 315 kmph. Ceramic brakes with twin rotors provide the stopping force for this 1,550-kg marvel. ...
12:53 PM, Feb 15, 2013
Senior lawyer Ram Jethmalani and Bharatiya Janata Party president Nitin Gadkari have reached a truce after over a month of former's suspension from the party, according to the sources. Senior party leader LK Advani mediated the truce after they met at his residence, sources added. ...
01:39 PM, Jan 11, 2013
As many as 165 physically challenged and old persons, who have not received their pension for two years under government schemes, have sought permission from President Pranab Mukherjee for killing themselves on January 26 if their grievances are not addressed by then. On Friday, they submitted a signed memorandum, addressed to the President, to the Tehsildar (revenue official) in Yavatmal. ...
06:14 PM, Jan 05, 2013
Trinamool Congress on Sunday said it would continue to oppose the bills related to opening the pension sector to foreign investment and raising FDI cap in insurance to 49 per cent, in Parliament. "All bills, including those on privatisation of pension funds and FDI in insurance, should not be brought forward in the current session of Parliament. We will more or less oppose these bills because they will affect the...
02:56 AM, Dec 10, 2012
Parliamentary Affairs Minister Kamal Nath has assured that the UPA has the numbers to pass FDI in retail and said that the Opposition is largely in favour of passing other crucial reforms like the Insurance and Pension bills, albeit with some amendments. ...
08:08 PM, Dec 02, 2012
The BJP on Sunday suspended senior leader and Rajya Sabha member Ram Jethmalani from the party using power vested under Article 25 of BJP's constitution. ...
11:38 PM, Nov 25, 2012
In a surprising move, the BJP on Sunday suspended senior leader and Rajya Sabha member Ram Jethmalani from the party using power vested under Article 25 of BJP's constitution. ...
08:59 PM, Nov 25, 2012
New Delhi: Troubled Kingfisher airlines, whose flying licence was suspended by the DGCA, said on Saturday night it has stopped taking booking of tickets till it resumes operations. "We are now immediately suspending all forward bookings till such time we resume operations," Kingfisher spokesperson said in a statement, adding it's "our endeavour to re-start operations at the earliest and we assure you we are working towards achieving this". The airline...
10:03 PM, Oct 20, 2012
New Delhi: It could be the beginning of the end for Kingfisher Airlines. The crisis-hit company, under lockout since September end, had his licence suspended on Saturday by the aviation watchdog, the Directorate General of Civil Aviation (DGCA). This means an immediate halt on bookings, followed by the staff intensifying their protests for their dues. The DGCA on Saturday said that the suspension will stay till it is convinced that...
09:00 PM, Oct 20, 2012
Mumbai: Kingfisher lenders, including SBI, on Saturday expressed concerns over the airline losing its licence to fly, but said recovery of loans through sale of its assets is the last option. "... we are concerned as we have no control on these developments. We were prepared for all these. The last thing we bankers want is a complete shut-down of the airline, as we want the airline to resume operations...
07:46 PM, Oct 20, 2012
New Delhi: Suspension of licence stares in the face of crisis-ridden Kingfisher Airline as it extended its lockout till October 23 and submitted a reply to aviation regulator DGCA's show-cause notice on the matter. Reacting to the airline's reply, official sources said the Directorate General of Civil Aviation (DGCA) was consulting legal experts on what action - suspension or cancellation of flying licence - could be taken against Kingfisher for...
08:46 PM, Oct 19, 2012
New Delhi: The Union Cabinet will be meeting on Thursday and the pricing of excess spectrum is likely to be approved. The AG could be asked to come to Cabinet. Also on agenda are measures to control the spread of Japanese Encephalitis in UP and Bihar, the 78-day productivity linked bonus for railway employees and the Rajiv Gandhi pension scheme. The Cabinet is likely to consider a Rs 4,000-crore multi-pronged...
09:53 AM, Oct 18, 2012
"We have decided to suspend them until the conclusion of the inquiry probing the allegations," ARM Aroos, the head of the SLC's umpires committee, said. ...
10:26 PM, Oct 11, 2012
