No Aadhar Card? No PF Transactions

No Aadhar Card? No PF Transactions

If you haven’t got your Aadhar card, hurry up and apply. The government has now made it mandatory to provide your Aadhar card number for PF transaction.

Salaried employees in organised sector will have to provide their Aadhaar numbers for seeking benefits under the EPF scheme being operated by retirement fund body Employees’ Provident Fund Organisation (EPFO), reports the PTI.

The report also states that it will be mandatory for new members to submit their Aadhaar numbers as part of the KYC (Know Your Customer) verification from March 1, 2013 onward.

What about exiting members?
For existing members, the seeding of Aadhaar number has to be done in a time-bound manner,” an official order to the field staff said.

What if you don’t have an Aadhar number?
In case an employee does not have the Aadhaar number, the employer can issue an Enrolment Id (EID) as per the guidelines of the body. This EID would be converted into Aadhaar number later on, the order said.

Where do you apply for an Aadhar card?
Aadhaar enrolment is free. You can go to any authorized Aadhaar enrollment center anywhere in India with your identity and address proof. Click here for more information

How will this help?
This will help EPFO members, particularly the construction workers, who often change their jobs or contractors.

Reception of the directive
Central trade unions have, however, slammed the move by the Employees Provident Fund Organisation to make Aadhaar mandatory for opening new PF accounts and continuing existing ones.

Source: Yahoo

Samsung Launches Galaxy Grand at Rs 21,500

Samsung Launches Galaxy Grand at Rs 21,500

The latest smartphone in the Galaxy family was launched today in India at Rs 21,500. The Samsung Galaxy Grand runs on Android 4.1.2 Jelly Bean and sport a 5-inch display. The phone also comes with the unique dual SIM feature.

Samsung Galaxy Grand runs on Android 4.1.2 Jelly Bean. It sport a 5-inch display which provides users with an expansive viewing experience, presenting messaging, multimedia and Web content in brilliant color and clarity.

Samsung Galaxy Grand's dual SIM feature provides total communication flexibility, allowing users to manage two phone numbers from a single phone. It is possible to receive calls on one SIM number while taking a call from the other.

Even with the large screen, the phone is still slim, ergonomic and comfortable to hold. Users can also enjoy running multiple apps simultaneously and without switching screens using Multi Window feature.

The Galaxy grand comes with 1.2GHz dual core processor that supports multitasking, faster web browsing, fast screen transitions and superior graphics for apps and games.

Passenger Rail Fares to Rise; Diesel Price Hike Proposed

The government moved on Wednesday to mend its strained finances, which have hit capital investment and put its sovereign credit ratings in peril. Prime Minister Manmohan Singh's government hiked railway passenger fares after a gap of nine years and later in the day sources in his government said it had proposed an increase in heavily subsidised fuel prices to rein in a swollen fiscal deficit.

The move signals Singh's intent to push ahead with politically unpalatable but vital reforms to revive an economy that is on track to post its worst growth rate in a decade.