UPSC EPFO SOLVED PAPER 2012

The first National Commission on Labour was set up on 24th December, 1966 under the chairmanship of Justice P. B. Gajendragadkar. The commission submitted its report in August 1969. Justice G. R. Majithia was appointed as the Chairman of Wage Board for Working Journalists. The second National Commission on Labour (NCL) was set up on 15th October, 1999 under the chairmanship of Ravindra Verma which submitted its report on 29th June, 2002. Index Review committee was Constituted under the chairmanship of Professor G. K. Chadha.

According to the provisions of the Employees Provident Fund and Miscellaneous Provisions Act, 1952, Pension, Provident Fund and Deposit Linked Insurance are covered but not injury compensation. It is for employees in factories and other establishments.

The Workmen’s Compensation (Amendment) Bill, 2009 was introduced in the Lok Sabha on 7th August, 2009 by the Minister of Labour and Employment, Mallikarjun Kharge. The Bill amends the Workmen’s Compensation Act, 1923 which provides for payment of compensation to the workmen and their dependents in the case of injury or death by industrial accidents.

The Employees Provident Funds and Miscellaneous Provisions Act, 1952 is a comprehensive social security legislation. It is an act to provide for the institution of provident funds, pension fund and deposit-linked insurance fund for employees in factories and other establishments.

In 2012, the maximum limit of gratuity payable under the Payment of Gratuity Act, 1972 was Rupees 10 Lakhs. However, with the implementation of 7th Central Pay Commission, in case of government servants, the ceiling has been raised to rupees 20 lakh.

The Directive Principles of State Policy provides for the Worker’s participation in management. Article 43A of the Constitution provides that, state shall take steps, by suitable legislation or in any other way, to secure the participation of workers in the management of undertakings, establishments or other organisations engaged in any industry.

Press Trust of India (PTI) was constituted on 27th August 1947. It is the largest news agency in India. It is headquartered in New Delhi and is a non-profit cooperative among more than 500 Indian newspapers.

According to the provisions of Industrial Policy since 1991, only 5 industries related to security, strategic and environmental concerns require Industrial License. On 24th July, 1991, Government of India announced its new industrial policy with an aim to correct the distortion and weakness of the industrial structure of the country.

The newly introduced rupee symbol is based on Roman and Devanagari script. It was designed by Udaya Kumar and presented to the public by the Government of India on 15th July, 2010.

Planning Commission was established by an executive decision of Government of India in 1950 in accordance with Article 39 of the Constitution. Advisory Planning Board constituted in 1946 under the Chairmanship of K. C. Neogi gave recommendations for the establishment of the Planning Commission. It was a non-constitutional and non-statutory body. It has been replaced by NITI Aayog.