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Underemployment more serious than unemployment, says NITI Aayog

Underemployment more serious than unemployment, says NITI Aayog M

  • Govt think tank NITI Aayog has warned about underemployment, saying it is more dangerous than unemployment.
  • In its draft action report that covers three years from fiscal 2018 to 2020, the NITI Aayog stressed on the need for creating high-productivity and high-wage jobs.
7th Pay Commission: PM Modi to personally intervene on allowances, arrears

7th Pay Commission: PM Modi to personally intervene on allowances, arrears M

  • PM Modi will personally intervene to look into the issue of arrears and allowances as per the recommendations made by the 7th Pay Commission. 
  • The PM would wait for the suggestions made by the Empowered Committee of Secretaries (E-CoS). 
  • The commission has recommended abolition of 51 allowances.
Finance Ministry initiates process for finding new SBI chief

Finance Ministry initiates process for finding new SBI chief M

  • The finance ministry has initiated the process for finding new chief of the country's largest lender the State Bank of India.
  • The extended term of SBI chief Arundhati Bhattacharya comes to an end on October 6.
EPFO gives nod to hike in stock investment to 15%

EPFO gives nod to hike in stock investment to 15% M

  • The EPFO has approved hike in investment limit in exchange traded funds (ETFs) to 15%, from the existing 10%.
  • The decision was taken during the meeting of the Central Board of Trustees (CBT) in Pune on Saturday.
  • In 2016, the investment was raised to 10%.
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