03 August, 2013

Honda No.2 in two-wheeler business

Honda motorcycle and scooter India private limited (HMSI), the only Honda in Indian 2 wheeler industry, has overtaken Bajaj Auto in both domestic and overseas sales in July to claim the second position.

Unorganized workers will get PF accounts

The Employees Provident Fund Organisation will come out with one of its most remarkable plans in December to provide a universal social security number to all workers in the unorganized sector. This will be linked to a compulsory PF account.

Central PF commissioner K K Jalan said the service would bring social security and minimum wage rights to all workers. Anyone employing more than 20 employees will have to implement this.

The employee's social security number works like a bank account. When he moves to work at a new place, his new employer will have to feed in his number into the system, transferring his PF account. The construction sector in India has six crore workers, but only less than 30 lakh of them have social security cover.

India lose 0-3 to Netherlands in Women's Junior Hockey World Cup semifinal

India's dream run in the Women's Junior Hockey World Cup came to a halt after defending champions Netherlands scored a 3-0 win in the second semifinalThe Indians, who registered their best ever performance in this tournament, put up a brave fight against their fancied rivals but it was not enough to earn them a place in the title clash.