27.01.2014: Government decides to increase the monthly pension to Rs.1,000/-

It is reported that the government has decided to raise the minimum pension to Rs.1, 000 per month, which will benefit around 27 lakh workers. It may be noted that at present a large number of employees in the unorganised sector are getting even Rs.20 or Rs.40 as monthly pension. The Central Trade Unions have long been pressurising the government to increase the quantum of pension. Further, it is also reported that the government has decided to raise the ceiling of employer's contribution to EPF from the present Rs. 6,500 to Rs.15,000.