EPFO’s 236th CBT Meeting Brings Pathbreaking Reforms for Pensioners and Employers
New Delhi: Dr. Mansukh Mandaviya, Union Minister for Labour and Employment, chaired the 236th Central Board of Trustees (CBT) meeting of the Employees’ Provident Fund Organisation (EPFO), where significant advancements were announced to improve efficiency, transparency, and member services.
One of the highlights was the upcoming rollout of the Centralized Pension Payment System (CPPS), set for January 1, 2025. This system aims to benefit over 78 lakh pensioners by enabling seamless pension disbursements across any bank branch nationwide, eliminating the need for bank verifications or physical visits. After successful pilot projects in October and November 2024, CPPS will modernize pension management under EPFO’s IT-enabled system, CITES 2.01.
Member-Centric Reforms
In a major decision, CBT approved paying interest up to the date of claim settlement, replacing the earlier practice of ending interest calculations a month prior. This move is expected to expedite claim processing and reduce grievances. Additionally, the enhancement of auto-claim settlement limits from ₹50,000 to ₹1 lakh for housing, marriage, and education loans will benefit members significantly.
The Board also ratified extending EDLI benefits, ensuring members receive between ₹2.5 lakh and ₹7 lakh in case of emergencies. A record 3.83 crore claims worth ₹1.57 lakh crore were settled in FY 2024-25, reflecting EPFO’s improved service delivery.
Employer-Friendly Initiatives
CBT recommended the EPFO Amnesty Scheme 2024, designed to encourage employers to voluntarily rectify compliance issues without penalties. This initiative aligns with the Employment Linked Incentive (ELI) Scheme from the Union Budget 2024-25, which aims to create over 2 crore formal jobs in two years. Simplified empanelment criteria for banks handling EPF collections were also approved to enhance ease of business.
Investment Strategies for Better Returns
CBT outlined a prudent investment framework, including guidelines for Public Sector Undertaking (PSU)-sponsored InvITs/REITs, to secure higher returns for EPF members. The redemption policy for ETF investments will generate additional income for the EPF’s interest account.
A Forward-Looking Approach
These measures underscore EPFO’s commitment to digital transformation, member welfare, and employer engagement, steering India toward a more inclusive and efficient social security system.
— PIB, NEW DELHI
Web Team, C6N
Why is BJP Delaying the Maharashtra CM Announcement? Sanjay Raut Raises Alarm
MUMBAI: Amid growing speculation over the next Maharashtra Chief Minister (CM), Shiv Sena (UBT) leader Sanjay Raut has raised critical questions about the delay in the announcement. With the BJP-led Mahayuti coalition securing a commanding majority in the recent Maharashtra Assembly elections, Raut has asked why the party is yet to formally name a CM despite their clear victory.
Raut pointed out the internal indecision within the BJP, suggesting that the party is facing a “compulsion” in naming a leader for the top post. He questioned whether the BJP’s leadership, particularly Prime Minister Narendra Modi and Home Minister Amit Shah, are struggling to find a suitable candidate for the role, despite their strong mandate. According to Raut, the delay reflects a deeper political strategy, one that could be tied to their wider national interests, including their approach in states like Madhya Pradesh and Rajasthan.
Raut’s remarks come amid a chaotic political environment in Maharashtra, where the Maha Vikas Aghadi (MVA) is asserting its own political agenda. He criticized the BJP’s handling of the political situation, accusing them of playing tactical games rather than focusing on governance.
As Maharashtra waits for clarity, the political landscape remains tense with uncertainty over who will lead the state. The BJP’s struggle to finalize the CM post continues to stir discussions on its broader political maneuvers.
Web Team, C6N
Suresh Wadkar’s Soulful Radio Show “Ae Zindagi Gale Laga Le” Set to Premiere on My FM
MUMBAI: Starting December 1, 2024, music lovers can unwind every Sunday evening with “Ae Zindagi Gale Laga Le,” a special radio show hosted by the legendary Suresh Wadkar. Airing from 8 PM to 9 PM on My FM, the show promises a journey through the healing power of music, featuring some of Wadkar’s timeless hits alongside touching personal anecdotes. The program, co-hosted by Kumarr, aims to offer a moment of serenity amid the fast-paced rhythms of everyday life.
The announcement of this heartfelt musical journey took place at Ajivasan Hall in Mumbai, where Wadkar and Kumarr shared the exciting news with fans. The hour-long show will showcase a blend of soulful melodies, intimate stories, and the restorative qualities of music. Wadkar’s presence on air is expected to bring a nostalgic and soothing atmosphere, perfect for winding down after a hectic week.
For decades, Suresh Wadkar has been a pillar of Indian music, with his soothing voice echoing through some of the most iconic Bollywood songs. Now, through “Ae Zindagi Gale Laga Le,” he hopes to share the timeless magic of music with listeners in a fresh, personal way.
Web Team, C6N
Sambhal Mosque Dispute: Ban on Outsiders Extended Amid Tensions; Akhilesh Yadav Criticizes BJP
The Sambhal administration has prohibited the entry of “outsiders” until December 10, following violent clashes on November 24 over a survey at the Shahi Jama Masjid. The incident, which left three dead and over 20 security personnel injured, has drawn significant political attention. District Magistrate Rajendra Pensiya stated that the restrictions aim to maintain peace in the district.
Protesters clashed with police during a court-ordered survey of the Shahi Jama Masjid, which was conducted following claims that the mosque was built on a Harihar temple site. The clashes escalated into stone-pelting and arson. The Supreme Court stayed the survey proceedings and directed authorities to seal the report until the Allahabad High Court reviews the matter.
Akhilesh Yadav, Samajwadi Party (SP) chief, directly accused the BJP government of orchestrating the unrest to divert attention from electoral issues. He stated, “BJP provokes emotions to cover up its poor governance.” Yadav criticized the administration’s decision to ban entry into Sambhal, claiming it was an effort to suppress opposition voices. SP leader Mata Prasad Pandey, who planned to lead a fact-finding delegation, accused the administration of concealing its failures, saying, “The administration is blocking our visit to hide its shortcomings.”
Uttar Pradesh Police Chief Prashant Kumar assured the public that the situation is under control. He vowed to take strict action against those responsible for inciting violence.The administration has also issued orders to prevent the collection of flammable materials, aiming to curb further unrest.
Congress state president Ajay Rai announced plans for a delegation to visit Sambhal on December 2, reflecting rising political stakes around the issue. Meanwhile, both Hindu and Muslim groups have expressed differing views on the mosque’s history, underscoring the case’s sensitive nature.
The developments in Sambhal continue to highlight challenges in balancing historical disputes and communal harmony. With tensions still high, all eyes are on the Allahabad High Court’s next steps in addressing this contentious matter.
Rahul Gandhi Demands Adani’s Arrest, Alleges PM Modi Shields Corruption
In a sharp rebuke to the Modi government, Congress leader Rahul Gandhi has intensified his criticism of Prime Minister Narendra Modi, alleging favoritism toward industrialist Gautam Adani despite his indictment in a U.S. bribery case. Speaking at a press conference, Gandhi called for Adani’s immediate arrest, labeling him as the central figure in corruption that undermines India’s democratic principles.
Gandhi stated, “It is evident that Gautam Adani has violated Indian and American laws, yet he roams free because he is protected by the Prime Minister. This is a vindication of what we’ve been asserting about their nexus.” He reiterated demands for a Joint Parliamentary Committee (JPC) probe into the Adani Group’s dealings, particularly regarding a reported ₹2,029 crore bribery scandal involving solar power contracts. The alleged payments, spanning from 2020 to 2024, implicate officials across four states and one Union Territory.
Congress has been persistent in linking Adani’s business growth to favorable policies by the BJP-led government. Gandhi remarked, “Adani has amassed wealth by exploiting public resources and providing electoral support to the BJP. This is not just corruption but also a threat to democracy.”
The Congress leader emphasized the party’s responsibility to expose the collusion, vowing to bring the issue to the forefront in Parliament’s upcoming Winter Session. Adding to the criticism, Congress general secretary Priyanka Gandhi Vadra questioned the BJP’s accountability, highlighting how such incidents damage India’s global image.
The BJP has yet to respond substantively to these allegations, with party representatives dismissing them as politically motivated. However, opposition parties, including the AAP and TMC, have joined Congress in calling for transparency and a thorough investigation into the matter.
The Adani controversy is shaping up to be a focal point in the opposition’s strategy for the upcoming general elections, underscoring its campaign against perceived crony capitalism.
Mumbai’s Real Estate Market: Registrations Climb 3% YoY, Stamp Duty Revenue Soars
The Mumbai real estate market showcased resilience in November 2024, with property registrations rising by 3% year-on-year (YoY) to 10,095 units, up from 9,736 units in November 2023. Stamp duty collections surged significantly, recording a 28% YoY growth to Rs.917 crore, reflecting a continued appetite for premium properties despite market fluctuations.
However, month-on-month (MoM) data revealed a cooling period following October’s festive-driven high. Property registrations dipped by 27% compared to October’s 12,960 units, while stamp duty collections fell by 31% from Rs.1,205 crore. Experts attribute this decline to market stabilization post-festive transactions and the impact of state elections .
High Demand for Premium Properties
Around 80% of November’s property registrations were for residential units, with a significant shift toward premium housing. Properties priced above Rs.2 crore constituted 23% of total registrations, rising from 17% the previous year. Simultaneously, registrations for properties below Rs.50 lakh dropped sharply from 28% to 20%, indicating a shift in buyer preferences toward luxury and long-term investments.
Dr. Mohit Ramsinghani, Chief Business and Strategy Officer of Suraj Estate Developers, stated, “This significant jump reflects renewed confidence in Mumbai’s property market and underscores its resilience. The ongoing festive quarter could outpace the preceding one, driven by strong buyer sentiment.” Knight Frank India’s Shishir Baijal highlighted, “The rise in high-value transactions reflects a decisive shift toward quality investments and more spacious living spaces”.
November Insights: What Buyers Want
Properties between 500 and 1,000 sq ft remained the most popular, representing 48% of all registrations. However, demand for larger spaces also grew, with apartments sized over 1,000 sq ft increasing their market share from 10% to 19% YoY. The stability of interest rates and infrastructure developments, such as metro and coastal road projects, continue to attract investments.
As 2024 progresses, Mumbai’s real estate market appears poised for sustained growth, underpinned by robust demand for premium housing and evolving buyer preferences.
Ed Sheeran to Make History as the First International Artist to Perform in Bhutan
British pop sensation Ed Sheeran is set to break new ground by becoming the first international artist to perform in Bhutan. As part of his ‘Mathematics Tour,’ Sheeran will take the stage at Thimphu’s Changlimithang Stadium on January 24, 2024. This concert is a significant moment for Bhutan, marking the country’s growing music scene and global appeal.
The tour, which began in 2022, has seen Sheeran perform over 130 shows worldwide. Following his performance in Bhutan, he will continue the tour across India and the Middle East, concluding in May 2025. Fans can expect a mix of Sheeran’s hit tracks, including those from his 2019 album No. 6 Collaborations Project, and his acclaimed Mathematics album.
Tickets for the event are available starting at USD 10, with more details provided by TiXbt. The concert is organized in collaboration with Gelephu Mindfulness City, AEG Presents, and One Fiinix Live.
Web Team, C6N
Top Superfoods to Boost Brain Health and Cognitive Function
Brain health is essential for overall well-being, and incorporating nutrient-rich superfoods into your diet can significantly enhance cognitive abilities, improve memory, and reduce the risk of neurodegenerative conditions. Here’s a roundup of the best superfoods for a healthy brain:
1. Blueberries
Known as nature’s brain boosters, blueberries are packed with antioxidants like flavonoids. These compounds improve memory, communication between brain cells, and protect against oxidative stress. Enjoy them fresh or in smoothies for a tasty brain-friendly treat.
2. Fatty Fish
Salmon, mackerel, and sardines are rich in Omega-3 fatty acids, particularly DHA, which supports the structural integrity of brain cells. Regular consumption may reduce inflammation and enhance memory.
3. Turmeric
This golden spice contains curcumin, a compound with potent anti-inflammatory and antioxidant properties. Curcumin may cross the blood-brain barrier, enhancing memory and stimulating the production of brain-derived neurotrophic factor (BDNF), a key protein in learning and memory.
4. Nuts and Seeds
Walnuts, almonds, and pumpkin seeds provide healthy fats, antioxidants, magnesium, and vitamin E, all of which are linked to better brain function. These nutrients combat inflammation and support neurotransmitter activity, essential for mood and memory.
5. Dark Chocolate
Rich in flavonoids, caffeine, and antioxidants, dark chocolate improves blood flow to the brain and enhances cognitive abilities while boosting mood. Opt for chocolate with at least 70% cocoa content for maximum benefits.
6. Leafy Greens
Spinach, kale, and Swiss chard are loaded with nutrients like vitamin K, lutein, and folate, which slow cognitive decline and enhance memory. These greens make a great addition to salads and smoothies.
7. Avocado
This creamy fruit contains monounsaturated fats, promoting healthy blood flow to the brain. It also provides antioxidants that protect brain cells from damage.
8. Green Tea
Rich in L-theanine and caffeine, green tea improves mental alertness and focus while reducing anxiety. Its antioxidants may also protect against age-related cognitive decline.
9. Eggs
Eggs are a powerhouse of nutrients like choline, B vitamins, and folate, which play a crucial role in neurotransmitter production and brain cell maintenance.
10. Broccoli
Packed with sulforaphane and vitamin K, broccoli supports memory and reduces oxidative stress. It’s an excellent vegetable for brain and overall health.
Why Include Superfoods in Your Diet?
A diet incorporating these superfoods not only improves brain health but also reduces the risk of Alzheimer’s, Parkinson’s, and other neurodegenerative diseases. Pairing these foods with regular exercise, quality sleep, and stress management can enhance long-term cognitive function.
ECI Invites Congress Delegation for Dialogue on Maharashtra Election Concerns
NEW DELHI: The Election Commission of India (ECI) has invited a delegation from the Indian National Congress (INC) to meet on December 3, 2024, in response to the party’s concerns regarding the recently concluded Maharashtra Assembly elections. The Congress raised serious questions about voter turnout discrepancies, alleging that the electoral process had been compromised. Among the concerns was a sudden rise in voter turnout figures, which the party claims to be irregular and potentially manipulated.
The Congress party’s grievances focus on a significant jump in voter turnout, particularly after the polling stations were officially closed. In some constituencies, voter participation surged from 58.22% at 5 PM to 65.02% by the evening, leading the party to demand a detailed investigation. Congress also flagged issues with the accuracy of voter roll data, citing unusual discrepancies between early and final turnout figures.
In response, the Election Commission has assured the Congress delegation of a transparent and thorough review of their concerns. The Commission reiterated that all polling data is available for verification at each constituency level, and attributed the late-night turnout updates to procedural duties of polling officers. The ECI has also assured the Congress that after hearing their concerns in person, a detailed written response would follow.
The meeting between the Election Commission and Congress on December 3 will play a pivotal role in addressing these concerns and ensuring the integrity of the electoral process in future elections.
For reply from the ECI , Click ” HERE “
Web Team, C6N