{"id":230922,"date":"2023-03-14T20:00:35","date_gmt":"2023-03-14T14:30:35","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=230922"},"modified":"2023-03-14T20:00:35","modified_gmt":"2023-03-14T14:30:35","slug":"get-additional-funds-to-implement-sc-order-on-higher-provident-fund-pension-panel-to-centre","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/get-additional-funds-to-implement-sc-order-on-higher-provident-fund-pension-panel-to-centre\/","title":{"rendered":"Get additional funds to implement SC order on higher provident fund pension: Panel to Centre"},"content":{"rendered":"\n<p><b>Source: <\/b><span style=\"font-weight: 400;\">The post is based on the article<\/span><b> \u201cGet additional funds to implement SC order on higher provident fund pension: Panel to Centre\u201d<\/b><span style=\"font-weight: 400;\"> published in<\/span><b> The Hindu <\/b>on <b>14th March 2023<\/b><\/p>\n<h2><b>What is the News?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Parliamentary Standing Committee on Labour has pulled up the Union Labour Ministry for underutilisation of the allocations meant for the Ministry\u2019s schemes.<\/span><\/p>\n<h2><b>What are the issues raised by the Parliamentary Standing Committee on Labour?<\/b><\/h2>\n<p><b>Firstly, <\/b><span style=\"font-weight: 400;\">it has asked the Ministry of Labour to assess and work out the likely financial implication of implementing the <\/span><a href=\"https:\/\/forumias.com\/blog\/the-supreme-court-order-on-pf-pensions\/\"><span style=\"font-weight: 400;\">Supreme Court judgment on higher provident fund pension<\/span><\/a><span style=\"font-weight: 400;\"> and approach the Ministry of Finance for additional funds to enable timely payment of amounts that may become due.<\/span><\/p>\n<p><b>Secondly,<\/b><span style=\"font-weight: 400;\"> there is gross underutilisation of schemes. For example, in the case of Pradhan Mantri Shram Yogi Maandhan, National Database of Unorganised Workers, Labour Welfare Schemes and Rehabilitation of Bonded Labour, the utilization recorded has been 26.66%, 30.02%, 30.63% and 48.30% respectively vis\u00ad\u00e0-vis the Budget provisioning.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 The panel observed that this gross underutilisation of the funds has impacted the performance of certain schemes thereby defeating the laudable intent of these schemes in benefiting the targeted groups.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u2013 Hence, the panel has urged the Ministry to leverage their spending pattern on such schemes where the utilization percentage is not up to the mark.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: The post is based on the article \u201cGet additional funds to implement SC order on higher provident fund pension: Panel to Centre\u201d published in The Hindu on 14th March 2023 What is the News? The Parliamentary Standing Committee on Labour has pulled up the Union Labour Ministry for underutilisation of the allocations meant for&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/get-additional-funds-to-implement-sc-order-on-higher-provident-fund-pension-panel-to-centre\/\">Continue reading <span class=\"screen-reader-text\">Get additional funds to implement SC order on higher provident fund pension: Panel to Centre<\/span><\/a><\/p>\n","protected":false},"author":10317,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,7965,9],"tags":[10498],"class_list":["post-230922","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-miscellaneous-daily-factly-articles","category-public","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":1700772439,"cached_date":1704951034},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/230922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10317"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=230922"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/230922\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=230922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=230922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=230922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}