The retirement fund body added 10.52 lakh new members in July—an increase of over 2.66 percent from June. Maharashtra alone contributed 20.21 percent of the total new additions.
EPFO payroll data, which captures data related to the organised & semi-organised sector, shows there was a sharp drop in payroll additions among those younger than 25 years.
The collusion between the new class of bureaucrats, politicians, businessmen and trade union bosses perpetuates itself partly because of the short-run benefits and partly because they see no way out of the system, wrote author MH Mody in 1980.
IAF is firming up plans to revamp airlift capabilities with medium transport aircraft that will be assembled in India & serve as its main workhorse. Embraer is leading contender as of now.
COMMENTS