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Prince Albert II of Monaco calls on the President




New Delhi February 5 :    Prince Albert II of Monaco called on the President of India, Shri Ram Nath Kovind, at Rashtrapati Bhavan today (February 5, 2019).  Welcoming Prince Albert to India, the President said

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Army man loses body sensation, treated successfully, rejoins army after 4 years




New Delhi February 5 :   Pertaining to a severe accident in 2015, Sepoy clerk, Mr. Sudhir, lost his body sensation, bowel and bladder control. He was successfully treated with hESC therapy at Nutech Mediworld and rejoins his camp after 4 years of bed rest. While travelling for a family function, the

Read more: Army man loses body sensation, treated successfully, rejoins army after 4 years

Majority of employees for unethical behaviour: Survey

Mumbai, June 14 

Indian employees are increasingly justifying unethical behaviour at workplace with a majority believing the management would ignore it to accomplish revenue targets, an Ernst & Young survey said on Wednesday.

"Inconsistency and ambiguity in encouraging high ethical standards and insufficient understanding of compliance programmes have increasingly led employees to justify unethical behaviour at the workplace," said EY's Asia-Pacific (APAC) Fraud Survey.

The survey highlighted that ethical leadership has emerged worrisome in India and China alike, with 57 per cent stating that senior management tends to overlook dubious actions of employees to attain corporate targets.

As many as 58 per cent of Indian respondents said they are willing to work for firms involved in a major bribery or fraud case, while 60 per cent said organisations are reporting financial performance better than what is.

"The prevalence of fraud and corrupt practices and gaps in demonstrating principled leadership by senior management can become a hindrance in organisations' quest to build compliant workplaces and retain talent. 

"Businesses in emerging economies such as India will need to rethink their approach toward corporate governance, take action against individual misconduct and reinforce commitment to make compliance programmes more visible, resilient and technologically-led," said Arpinder Singh, Partner and National Leader, Fraud Investigation and Dispute Services, EY India.

Justifying fraud, corruption and unethical behaviour, 78 per cent of respondents said bribery and corrupt practices occur widely while 31 per cent said they would offer cash payments to win or retain business.

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From Mamata Banerjee, A Signal For Congress On Working Together




KOLKATA, Feb 05:  West Bengal Chief Minister Mamata Banerjee, who has so far kept the Congress at arm's length, focusing instead on the role of regional powers, today signalled the possibility of closer cooperation at the national level.

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As India ages, over 61% of elderly will have no income security by 2050

New Delhi, June 14 

India's 860 million-strong working population (15-64 years), the world's largest, is beginning to age. Over the next 33 years, by 2050, 32.4 million Indians, or 20 per cent of the population, will be above 60 years of age. If pension continues to cover only 35 per cent of senior citizens as it does today, 20 million, or 61.7 per cent of India's elderly population, will be without any income security by 2050.

The Centre pays Rs 200 per month under the Indira Gandhi National Old Age Pension Scheme (IGNOAPS) to every Indian over the age of 60 and living under the poverty line (the ability to spend Rs 33 per day in urban and Rs 27 per day in rural areas as per the Tendulkar committee on poverty line). The states are encouraged to add to this sum and are free to expand the coverage. Currently, states pay anything between Rs 200 and Rs 2,000 as public pensions. Should public pensions be universal or targeted? What should be the minimum offered by a public, non-contributory pension? From which age should it be granted? To find answers to these questions through opinions of older people, a study was conducted in Gujarat and Rajasthan by the Centre for Equity Studies (CES), New Delhi, in August-November 2016. The study, yet unpublished, collected opinions and experiences of 1,505 people above the age of 55 years across 14 locations. The states were chosen because they represent two ends of the spectrum in the universalisation debate: Gujarat, 10th richest state in per capita GDP ranking, offers a targeted pension of Rs 400 only to the poor at the time the study was conducted (since then the amount has been revised to Rs 500), and Rajasthan, 23rd in the per capita GDP list, extends Rs 500 to (nearly) all senior citizens. The study found a wide and conclusive gap between pension policy and public opinion. Opinion across both states was unanimous that public pension should be extended to all elderly and should be initiated earlier than at age 60 years. The popular view was that Rs 2,000 was an adequate pension sum, which is four to six times higher than their present entitlement.

Gujarat pursues a narrowly targeted scheme whereby only the poorest senior citizens are entitled to public pensions. Rajasthan has near-universalised pension entitlements whereby women above 55 and men above 58 receive pensions as long as they are not entitled to pensions from any other source or are not taxpayers. Arguments against universalisation suggest that the cost of universalisation is generally lowering the entitlement for those who need it the most. 

Read more: As India ages, over 61% of elderly will have no income security by 2050

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