Minimum EPS pension hike to ₹7,500 may be considered in Union budget 2025: Report
2 months, 1 week ago

Minimum EPS pension hike to ₹7,500 may be considered in Union budget 2025: Report

Hindustan Times  

The government could reportedly be considering acting on the appeal by private sector employees covered under the Employees' Provident Fund Organisation for an increase in the minimum pension, which at the moment is fixed at ₹1,000 per month. Under the Provident Funds and Miscellaneous Provisions Act, an employer and worker both are required to contribute 12% of a person’s basic salary towards a retirement-benefits corpus managed by the EPFO For this, a delegation of EPS-95 pensioners met Finance Minister Nirmala Sitharaman on January 10, 2025, as part of a pre-budget consultative meeting, according to a Financial Express report. Trade unions also met the finance minister during the session, but they advocated for a lower pension increase to ₹5,000 per month, the report read. The report quoted the pension body as claiming that despite the government’s 2014 announcement of setting the minimum monthly pension at ₹1,000, over 36.60 lakh pensioners still receive less than this amount.

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History of this topic

Labour unions call for increasing pension to ₹9,000 per month
2 weeks, 1 day ago

Labour unions call for increasing pension to ₹9,000 per month

The Hindu  

The Madras Labour Union and B&C Mills Staff Union have urged Union Labour Minister Mansukh Mandaviya to increase to ₹9,000 per month the minimum pension for those covered under the Employees’ Pension Scheme. Mahendran, the president of the unions and former MLA of Perambur,expressed “shock and disappointment” over the latest Union Budget making no mention of the increase in the …

Higher EPS pension: Why do employees feel shortchanged?
3 weeks, 4 days ago

Higher EPS pension: Why do employees feel shortchanged?

Live Mint  

NEW DELHI : Opting for a higher pension under the Employees' Pension Scheme seems to have become a procedural nightmare for employees. However, the EPFO calculates the pension amount on a pro-rata basis, splitting the service period into two parts: i) from the date of implementation of the EPS, that is, from 16 November 1995 to 31 August 2014; ii) …

About 22,000 EPFO members got higher pension, 1.65 lakh asked to contribute additional amount
1 month, 2 weeks ago

About 22,000 EPFO members got higher pension, 1.65 lakh asked to contribute additional amount

Live Mint  

New Delhi, Feb 3 Retirement fund body EPFO has issued 21,885 pension payment orders and asked 1.65 lakh eligible members to deposit additional amount for higher pension, Parliament was informed on Monday. A total of 17,48,768 applications were submitted by members/pensioners for getting higher pension on making higher contribution under Employees' Pension Scheme 1995 run by Employees' Provident Fund Organisation, …

Union Budget 2025: Double allocation for employment generation scheme
1 month, 3 weeks ago

Union Budget 2025: Double allocation for employment generation scheme

The Hindu  

Union Finance Minister Nirmala Sitharaman said the New Employment Generation Scheme, formulated to support employment generation across the country, will receive ₹20,000 crore. The employment generation scheme was announced in the 2024-25 Budget with an outlay of ₹10,000 crore. “The phenomenon of continuing slowdown in economy and its devastating effect on lives and livelihood of the mass of the people, …

Budget 2025: Government may raise minimum EPS pension to Rs 7,500
2 months, 1 week ago

Budget 2025: Government may raise minimum EPS pension to Rs 7,500

India Today  

In a move that could significantly impact private sector employees, the government is reportedly contemplating a hike in the minimum monthly pension under the Employees’ Pension Scheme to Rs 7,500. A delegation representing pensioners met Finance Minister Nirmala Sitharaman on January 10, 2025, during a pre-budget consultation, urging an increase alongside additional benefits like a dearness allowance hike and free …

Pensioners’ delegation calls upon Finance Minister; demands ₹7,500 minimum monthly pension under EPS-95
2 months, 1 week ago

Pensioners’ delegation calls upon Finance Minister; demands ₹7,500 minimum monthly pension under EPS-95

The Hindu  

A delegation of EPS-95 pensioners met Finance Minister Nirmala Sitharaman on Friday to press for their long-pending demand for a minimum monthly pension of ₹7,500 along with dearness allowance. Under the EPS-95 or Employees Pension Scheme 1995 run by retirement fund body Employees’ Provident Fund Organisation, the existing minimum monthly pension is ₹1,000. Comment: An opportunity to rethink India’s pension …

New pension rules from 2025: Now collect EPS anywhere in India
Trending News
2 months, 3 weeks ago

New pension rules from 2025: Now collect EPS anywhere in India

India Today  

Starting January 1, 2025, pensioners under the Employees’ Pension Scheme, 1995, will experience a major shift in how they receive their monthly pension. Thanks to the introduction of the Centralized Pension Payment System, pensioners will now be able to collect their pension from any bank branch across India, even if they move to a different city or town. It represents …

EPS rule update: Pensioners can now withdraw pension from any bank branch
2 months, 3 weeks ago

EPS rule update: Pensioners can now withdraw pension from any bank branch

Hindustan Times  

Employees’ Pension Scheme subscribers now have access to their pension from any bank branch in India. Pensioners don't have to visit the branch for any verification and it will be credited immediately upon release The ministry of labour and employment made the announcement in a statement on September 4 last year as part of the newly introduced Centralised Pension Payments …

EPS rule tweak: Starting today, pensioners can withdraw pension from any bank branch across India. Check latest norms
2 months, 3 weeks ago

EPS rule tweak: Starting today, pensioners can withdraw pension from any bank branch across India. Check latest norms

Live Mint  

Employees’ Pension Scheme subscribers can access pension from any bank branch in India from today, January 1, 2025. This is the outcome of the introduction of the Centralised Pension Payments System, and the rollout is expected to benefit 78 lakh EPS pensioners. Additionally, pensioners would not need to visit the branch for any verification at the time of commencement, and …

Will EPF pension be raised soon? Here are parliamentary panel’s recommendations
3 months ago

Will EPF pension be raised soon? Here are parliamentary panel’s recommendations

Live Mint  

The Parliamentary Standing Committee on Labour recently recommended that the government raise the minimum pension, which currently stands at ₹1,000, given by the Employee Provident Fund Organisation under its Employee Pension Scheme. In its report tabled in Parliament on December 16, the panel noted that over a decade has passed since the minimum pension of ₹1,000 per month was implemented. …

EPFO high pension: Why have 1.7 million applied for higher EPS contribution?
3 months, 1 week ago

EPFO high pension: Why have 1.7 million applied for higher EPS contribution?

India Today  

Over 1.7 million Employees' Provident Fund Organisation members have opted for higher pensions under the Employees’ Pension Scheme, following the Supreme Court’s landmark ruling in November 2022. This ruling has brought significant relief for eligible employees, allowing them to contribute to the scheme based on their actual basic salaries instead of the fixed threshold of Rs 15,000 per month. Under …

Govt may lift cap on EPF contributions in key push for savings scheme
3 months, 3 weeks ago

Govt may lift cap on EPF contributions in key push for savings scheme

Hindustan Times  

The Union government is considering doing away with caps on the share of an employee’s salary contributed towards pension to enable higher deductions by those who want higher retirement payouts, as part of a series of upcoming reforms, a senior labour ministry official said on Thursday. An employer and worker both are required by law to contribute 12% of a …

Delhi's new pension scheme: Eligibility, benefits, and how much seniors can get
3 months, 3 weeks ago

Delhi's new pension scheme: Eligibility, benefits, and how much seniors can get

India Today  

The Delhi government has announced a pension scheme for the elderly, offering monthly financial aid to residents aged 60 and above. AAP supremo Arvind Kejriwal announced on Monday that an additional 80,000 people are now eligible for the old-age pension in Delhi, bringing the total number of beneficiaries to 5.3 lakh. The applicant must have a 'singly-operated' account in any …

8th Pay Commission and Unified Pension Scheme 2025: What do you need to know? Details
4 months ago

8th Pay Commission and Unified Pension Scheme 2025: What do you need to know? Details

India TV News  

The Unified Pension Scheme, a guaranteed lifetime pension scheme for central government employees, will commence on April 1, 2025. Predicted changes by the fitment factor 7th Pay Council Fitment Factor: 2.57 Predicted 8th Pay Commission fitment factor: Reports suggest a factor of 1.92, but experts advocate for 2.86. If a factor of 2.86 is adopted: Minimum salary: Rs 51,480 Minimum …

Centre plans to review upper wage limit for PF contribution
6 months ago

Centre plans to review upper wage limit for PF contribution

The Hindu  

Union Labour Minister Mansukh Mandaviya on Tuesday said the Centre was trying to remove the ceiling for contributions towards the Employees’ Provident Fund Organisation and the Employees’ Pension Scheme run by the EPFO. “The Ministry is finalising a Cabinet note on the ELI scheme and it will be soon placed before the Cabinet for approval,” Mr. Mandaviya said. The Minister …

EPS pensioners’ body urges Centre to follow NPS for calculating pension wealth
6 months, 1 week ago

EPS pensioners’ body urges Centre to follow NPS for calculating pension wealth

The Hindu  

A Bengaluru-based body of pensioners under the Employees’ Pension Scheme -1995 of the Employees’ Provident Fund Organisation has renewed its call for calculating the value of pension wealth under the Scheme on the lines of the National Pension System and fixing 8% rate of interest to the Pension Scheme. In a response to an item appeared in FAQ columns on …

About 97,000 PF members, pensioners to benefit by pension on higher wages
6 months, 2 weeks ago

About 97,000 PF members, pensioners to benefit by pension on higher wages

The Hindu  

Nearly 97,640 PF members and pensioners under the Employees’ Pension Scheme, 1995, across the country are expected to benefit with pension on higher wages. The overall figure has been arrived at by adding the number of persons who have been issued pension payment orders with the tally of persons who have been sent demand notices. Only in respect of those …

80% spike in pension bill in 4 yrs piles up state’s fiscal woes
6 months, 2 weeks ago

80% spike in pension bill in 4 yrs piles up state’s fiscal woes

Hindustan Times  

The Punjab government, which is facing increasing pressure to implement its decision to revert to the old pension scheme, has seen an 80% jump in its expenditure on pension and other retirement benefits in four years. The pension bill, a key component of the committed expenditure of the state government, has added to the fiscal stress of debt-ridden Punjab. Upinder …

Why did the Centre alter its pension plan?
6 months, 3 weeks ago

Why did the Centre alter its pension plan?

The Hindu  

The story so far: Last weekend, the Union Cabinet signed off on a major shift in the approach for providing old age income security to Central government employees, setting the stage for a new Unified Pension Scheme to be launched on April 1, 2025. There are five major components of the UPS benefits, starting with the assurance that government employees …

Unified Pension Scheme: Who is eligible? What's the minimum amount? Explained
6 months, 3 weeks ago

Unified Pension Scheme: Who is eligible? What's the minimum amount? Explained

Hindustan Times  

The union cabinet on Saturday approved a Unified Pension Scheme, which will benefit approximately 23 lakh government employees and will serve as an alternative to the National Pension System. Union minister Ashwini Vaishnaw briefed the media on the central government's new Unified Pension Scheme. Prime minister Narendra Modi, who chaired the meeting, posted on X saying, “The Unified Pension Scheme …

Govt, workers thrash out key issues in new pension scheme
7 months, 2 weeks ago

Govt, workers thrash out key issues in new pension scheme

Hindustan Times  

Representatives of the government and its employees have reached a consensus on the contentious pension issue, addressing concerns about post-retirement benefits without reverting to the old pension scheme, according to two people familiar with the matter. “After working out the finer details, the committee will submit its report to the government soon.” The resolution addresses three core apprehensions of employees, …

Old vs new pension scheme: Will Budget 2024 offer 50% of last drawn salary as annuity?
8 months ago

Old vs new pension scheme: Will Budget 2024 offer 50% of last drawn salary as annuity?

Firstpost  

Amid calls to restore old pension scheme, government is considering a proposal to increase pension benefits under National Pension System. Reports suggest Finance Minister Nirmala Sitharaman may announce a 50% pension guarantee of employees’ last drawn salary in Budget 2024. File Photo Amid calls, including from Opposition parties, for restoration of old pension scheme, Narendra Modi government is likely to …

Budget 2024: Govt may double minimum guaranteed amount under Atal Pension Yojana
8 months, 2 weeks ago

Budget 2024: Govt may double minimum guaranteed amount under Atal Pension Yojana

India TV News  

Budget 2024: The government is considering a proposal to increase the minimum guaranteed amount under its popular social security initiative, Atal Pension Yojana. Proposals to make scheme more attractive As of June 20, there have been more than 66.2 million enrollments in the Atal Pension Yojana, with 12.2 million new accounts added in the financial year 2023-24 alone. Economically deprived …

Pension concerns: On the EPFO recommendation
1 year, 1 month ago

Pension concerns: On the EPFO recommendation

The Hindu  

The recommendation of the Central Board of Trustees of the Employees’ Provident Fund Organisation for a 0.1-percentage-point increase in provident fund deposits for 2023-24 should not be surprising, as it is in tune with what the EPFO did last year. Months ago, the Finance Ministry had rejected a proposal to double the minimum pension amount, citing a “huge rise” in …

Budget 2024 | FM cuts allocations to Labour Ministry, workers’ social security
1 year, 1 month ago

Budget 2024 | FM cuts allocations to Labour Ministry, workers’ social security

The Hindu  

At a time when the Centre is drawing flak over unemployment among educated youth, the Interim Budget 2024-25 decreased allocations to the Labour Ministry on Thursday. The Atmanirbhar Bharat Rojgar Yojana, a pet scheme of the Narendra Modi government, which had an allocation of ₹2,272 crore in the last Budget has got just ₹150 crore in the Interim Budget. The …

Govt mulling over assured pensions at 40-45% as some states move back to OPS
1 year, 9 months ago

Govt mulling over assured pensions at 40-45% as some states move back to OPS

Live Mint  

Amid the politics of the Old Pension Scheme vs National Pension Scheme, the Government of India officials on Wednesday said that they are mulling over some changes in the new market-linked pension scheme which will ensure employees a minimum pension of 40%-45% of their last drawn salary, a report by Reuters said. The development comes as many Opposition-ruled states in …

Applications for higher pensions under EPS to be assessed within 20 days of receipt: EPFO
1 year, 9 months ago

Applications for higher pensions under EPS to be assessed within 20 days of receipt: EPFO

Hindustan Times  

The joint applications for higher pensions under the Employees' Pension Scheme will have to be scrutinised within 20 days of receipt, the Employees' Provident Fund Organisation has directed its field officers. “Hence, it is reiterated that each Applications for Validation of Joint Option/Joint Option shall be scrutinized expeditiously and it shall be ensured that Demand Letter to Employer/Communication to Employer …

Should you opt for higher pension under the Employee Pension Scheme?
1 year, 10 months ago

Should you opt for higher pension under the Employee Pension Scheme?

Live Mint  

The deadline for opting for higher pension under the Employee Pension Scheme is 26 June. In hindsight, EPFO probably rues making this change as it allowed members to opt for significantly higher pensions, thereby increasing EPS’ pension obligation. When members started opting for higher pensions by contributing to EPS based on actual salary, EPFO rejected many applications on procedural grounds. …

Minister clears the air over clause restricting persons opting for higher PF pension
1 year, 11 months ago

Minister clears the air over clause restricting persons opting for higher PF pension

The Hindu  

Union Labour Minister Bhupender Yadav on Thursday clarified that employees and pensioners covered under the Employees’ Pension Scheme of 1995, “are not restricted from filing application forms/ joint options,” in the absence of the requirement of permission under paragraph 26 of the Employees’ Provident Fund Scheme, 1952. Replying to a set of questions raised by John Brittas, Communist Party of …

2-day EPFO board meeting from today: List of issues likely to be taken up
1 year, 11 months ago

2-day EPFO board meeting from today: List of issues likely to be taken up

Hindustan Times  

The Central Board of Trustees of the Employees Provident Fund Organisation will convene in New Delhi on Monday for a 2-day meet, during which they are expected to discuss a host of issues, including the interest rate for the financial year 2023-24. Higher pension: The board may hold detailed discussions regarding the higher pension option for subscribers after the Supreme …

The old pension scheme as a burden on the poor
2 years ago

The old pension scheme as a burden on the poor

The Hindu  

The demand for the old pension scheme is growing especially after a few States announced that they would be reverting to it. In consonance with the spirit of the National Pension System, the Sixth Pay Commission had substantially increased the basic salary of government employees to cover pension contributions and promote savings for post-retirement expenses. Rising pension liabilities The pension …

More than one lakh people opted for higher PF pension, Centre tells Rajya Sabha
2 years ago

More than one lakh people opted for higher PF pension, Centre tells Rajya Sabha

The Hindu  

The Centre on Thursday informed Rajya Sabha that 1,20,279 employees have submitted joint options at the Employees’ Provident Fund Organisation portal for higher pension. Answering a question from Communist Party of India MP John Brittas, Minister of State in Union Labour Ministry Rameswar Teli said the total number of beneficiaries of the Supreme Court judgement on higher PF pension will …

EPFO sets May 3 as deadline for subscribers to opt for higher pension
2 years ago

EPFO sets May 3 as deadline for subscribers to opt for higher pension

Deccan Chronicle  

New Delhi: The Employees' Provident Fund Organisation on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2014, to contribute up to 8.33 per cent of their actual salaries - as against 8.33 per …

EPFO sets deadline for subscribers to opt for higher pension set as May 3
2 years ago

EPFO sets deadline for subscribers to opt for higher pension set as May 3

Hindustan Times  

The Employees' Provident Fund Organisation on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2024, to contribute up to 8.33 per cent of their actual salaries - as against 8.33 per cent of …

Higher pension | Eligible EPFO members can apply till May 3
2 years ago

Higher pension | Eligible EPFO members can apply till May 3

The Hindu  

All eligible members can opt and apply jointly with their employers for higher pension till May 3, 2023 at unified members' portal of retirement fund body EPFO. EPFO issues guidelines for employees, pensioners to opt for higher pension In an office order, EPFO had provided for dealing with the ''Joint Option Form'' by field offices of the body. EPFO has …

Budget 2023 | Social security cuts irk trade unions
2 years, 1 month ago

Budget 2023 | Social security cuts irk trade unions

The Hindu  

The allocations to the Labour Ministry and its social security schemes saw a decrease in the Budget and the trade unions alleged that Finance Minister Nirmala Sitharaman has not addressed the issue of long-term employment and creation of quality jobs. The Pradhan Mantri Shram Yogi Maandhan scheme got ₹350 crore in this Budget too. The Pradhan Mantri Karam Yogi Maandhan, …

Union Budget 2023-24: Dear FM, please provide relief to those most in distress by raising their pension amounts
2 years, 2 months ago

Union Budget 2023-24: Dear FM, please provide relief to those most in distress by raising their pension amounts

Firstpost  

BPL widows aged 40 to 64 years became eligible for a monthly pension of Rs 300 from 2009. Mere tokenism BPL widows aged 40 to 64 years became eligible for a monthly pension of Rs 300 from 2009. It would cost the government just Rs 4,020 crore a year to raise the amount to Rs 500 a month for 6.7 …

Time to streamline the Provident Fund pension scheme
2 years, 2 months ago

Time to streamline the Provident Fund pension scheme

The Hindu  

For around 70 lakh pensioners, the end to the agonising wait for higher pension under the Employees’ Pension Scheme, 1995, appears to be no where in sight even though it has been over two months since the Supreme Court of India reiterated, as a matter of principle, its approval of the idea of higher pension. In October 2016, the top …

EPFO circular leaves a big chunk of EPS pensioners in the dark about revised scheme
2 years, 2 months ago

EPFO circular leaves a big chunk of EPS pensioners in the dark about revised scheme

The Hindu  

The Employees Provident Fund Organisation ’s latest circular, providing an opportunity to a section of pensioners to apply for higher pensions, is silent about those who could not exercise the option for enhanced pension due to the authorities’ interpretation of the cut-off date. Gupta case of 2016, the apex court stated two months ago that “all the employees who did …

Govt. examining Supreme Court order on employees' pension scheme: Union Minister Rameswar Teli
2 years, 3 months ago

Govt. examining Supreme Court order on employees' pension scheme: Union Minister Rameswar Teli

The Hindu  

The government on Thursday said it was examining a Supreme Court judgement which upheld the Employees' Pension Scheme, 2014 and allowed the employees to opt for enhanced pension coverage alongside their employers, in four months' time. Mr. Teli was replying to a question on whether the government was aware about the Supreme Court verdict of November 4 on EPF pension …

How the Supreme Court ruling affects your pension payouts
2 years, 4 months ago

How the Supreme Court ruling affects your pension payouts

The Hindu  

Successive governments in India have been trying to wean workers away from defined benefit pension plans, to market-linked ones. Once you join EPF, your employer deducts 12% of your basic pay every month towards the fund, while making a matching contribution. While your 12% contribution goes entirely into your EPF account, 8.33% of your employer’s contribution goes into the EPS, …

Explained: Supreme Court's EPF decision and what it means for you
2 years, 4 months ago

Explained: Supreme Court's EPF decision and what it means for you

Firstpost  

The apex court ruling means Employees Provident Fund Organisation members can now contribute 8.33 per cent of their actual salaries rather than 8.33 per cent of the pensionable salary which was capped at Rs 15,000 per month. The apex court also held that the EPFO cannot ask subscribers for an additional 1.16 per cent of contribution of salary for opting …

SC Opens 4-month Window for Eligible Employees Under EPS to Opt for Increased Pension
2 years, 4 months ago

SC Opens 4-month Window for Eligible Employees Under EPS to Opt for Increased Pension

News 18  

Eligible employees who had not opted for enhanced pension coverage prior to 2014 can jointly do so with their employers within the next four months after the Supreme Court upheld the Employees’ Pension Scheme, 2014. The court on Friday struck down the requirement in the 2014 amendments mandating employee contribution of 1.16 per cent of the salary exceeding Rs 15,000 …

No Need For Extra 1.6% Contribution On Salary Above Rs 15,000 For Higher Pension: SC
2 years, 4 months ago

No Need For Extra 1.6% Contribution On Salary Above Rs 15,000 For Higher Pension: SC

News 18  

In a significant development, the Supreme Court has held that the provisions contained in the Employees’ Pension Amendment, 2014, are legal and valid. The apex court said that after the amendment of the scheme, the maximum pensionable salary was to be kept at Rs 15,000 per month, raising the earlier ceiling of Rs 6,500 per month. The SC bench, comprising …

SC upholds validity of EPS 2014, quashes Rs 15,000 salary limit
2 years, 4 months ago

SC upholds validity of EPS 2014, quashes Rs 15,000 salary limit

Deccan Chronicle  

NEW DELHI: The Supreme Court on Friday upheld the validity of the Employees Pension Scheme of 2014 but quashed the threshold limit of Rs 15,000 monthly salary for joining the pension fund. The 2014 amendment had capped the maximum pensionable salary at Rs 15,000 per month. The bench further held as invalid the condition in the 2014 scheme that required …

All employees can opt for EPFO pension scheme: Supreme Court
2 years, 4 months ago

All employees can opt for EPFO pension scheme: Supreme Court

The Hindu  

The Supreme Court on Friday upheld the Employees’ Pension Scheme, 2014 of the Employees’ Provident Fund Organistion as “legal and valid” while reading down certain provisions. The court struck down a requirement in the 2014 amendments that employees who go beyond the salary threshold should contribute monthly to the pension scheme at the rate of 1.16% of their salary. The …

Subscribers say there is surplus money in EPS
2 years, 7 months ago

Subscribers say there is surplus money in EPS

The Hindu  

Employees and pensioners in the Supreme Court on Thursday tore into the controversial amendments on “determination of pensionable salary” introduced into the Employees Pension Scheme of 1995. Lalit, senior advocate Jayant Muth Raj, appearing for employees of Kerala district cooperatives, trashed the claims made by the Centre and the Employees Provident Funds Organisation in court that the EPS-1995 was facing …

EPFO mulling new pension scheme for formal workers getting over Rs 15,000 basic wage
3 years, 1 month ago

EPFO mulling new pension scheme for formal workers getting over Rs 15,000 basic wage

India TV News  

Retirement fund body EPFO is mulling a new pension product for organised sector workers who are getting basic wages of more than Rs 15,000 per month and are not mandatorily covered under its Employees' Pension Scheme 1995. Thus, it is under active consideration to bring out a new pension product or scheme for those whose monthly basic wages are more …

Show commitment to equity in the Budget
3 years, 1 month ago

Show commitment to equity in the Budget

The Hindu  

On January 17, 2022, Oxfam International presented its annual global “Inequality Report”. During the novel coronavirus pandemic, the report reveals, more than half the world’s new poor are from India; 84% Indian households have suffered a loss of income, with 4.6 crore people falling into extreme poverty. One of the most important places to show commitment to equity, is the …

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