Consumer Issues
EPFO asks field staff to follow strict norms for inoperative accounts
As on 31 March 2014, about Rs26,496.61 crore are lying in inoperative PF accounts with EPFO and it has asked its field staff to take all necessary care to reduce risk of frauds and to ensure that claims are authentic and payments are made to genuine claimants 
Retirement fund body Employees’ Provident Fund Organisation (EPFO) has asked its field staff to strictly follow guidelines while settling claims out of inoperative accounts in order to reduce the risk of frauds.
Provident fund accounts, which fail to make contributions for 36 continuous months to the EPFO, are classified as inoperative accounts.
“Instructions shall be followed scrupulously for settlement of claims out of inoperative accounts. All care shall be taken to reduce the risk of frauds and to ensure that claims are authentic and the payments are made to genuine claimants,” an EPFO office order to field staff said.
As per the modalities for settlement of claims out of inoperative accounts, attestation of the claim by the employer is needed.
In cases where, the employer is not available to identify the claimant member, the attestation of claim by bank authorities is required along with know you customer (KYC) document for applicant's identification and his/her proof of residence.
The KYC documents for the purpose include PAN card, voter identity card, passport, ration card, ESI identity card, driving licence and any other identity card issued by government including Aadhaar.
The procedure also provides that in cases where the settlement amount is beyond Rs50,000, the claims are approved by Assistant Provident Fund Commissioner.
In cases where settlement amount is more than Rs25,000 but less than Rs50,000, the claims are approved by the Account Officer. For an amount less than Rs25,000, the claim can be approved by Dealing Assistant.
The EPFO had stopped crediting interest in the inoperative account from 1 April 2011. However, these accounts have definite claimants and the account holders can claim for withdrawal or transfer of provident fund.
According to information available, Rs26,496.61 crore is lying in the inoperative PF accounts with EPFO as on 31 March 2014.



Mr Jitendra

3 years ago

Rs 26,496.61 crore are lying in inoperative PF accounts it means this entire amount will not receive any interest. Interest amount Rs 2252 crores for 2013-14. Now this is actually savings for EPFO. Such large savings in a year? It becomes indirect income to EPFO? What is EPFO and Ministry of Labor and Govt of India doing with this extra Rs 2252 crore savings? Legally each account has an amount and must receive interest. That was the case from 1955 until 2010 when they brought the concept of inoperative accounts wherein no interest will be credited on the PF balance if there are no contributions for 36 consecutive months.

Mukesh kamath

3 years ago

I worked in an institution where my salary was cut for PF benefits. My new employer does not pay PF benefits. I have lost the PF account number. My earlier employer does not entertain me in helping me withdraw my money since i resigned without proper intimation. Now who is there to fight my case?


Mr Jitendra

In Reply to Mukesh kamath 3 years ago

Download and fill the PF withdrawal form Form 19 and Form 10-C and take them to a nationalised bank and ask the branch manager to endorse the form for you. Send the form to the EPFO office in the city where your PF account was. EPFO will credit the balances in your bank account.

Campus Sexual Assault: What are colleges doing wrong?
ProPublica rounded up cases and coverage that show the persistence of sexual violence at colleges in the US 
Update July 29: We have updated this article to include the responses universities gave to the stories.
During their time at college, the Department of Justice estimates one in five women will be sexually assaulted, and as many as 95 percent of the cases go unreported.
So how are colleges failing to protect students from sexual assault? We sorted through the reporting to highlight a few cases that show the system's greatest shortcomings.

When Football Goes on Trial

Lizzy Seeberg committed suicide ten days after reporting to Notre Dame campus police that she had been sexually assaulted by a Fighting Irish linebacker. As news of the allegations spread, Seeberg was threatened by the player's teammates. "Don't do anything you would regret," one texted her. "Messing with Notre Dame football is a bad idea." The campus authorities didn't interview the accused player until 15 days after receiving Seeberg's statement, five days after she committed suicide. The police declined to bring charges and Notre Dame declined to discuss the case when it was first reported. 
Since 2010, there have been investigations into rape and sexual assault by football players at the University of Missouri, Baylor College, the US Naval Academy, University of Texas, Vanderbilt, Appalachian State, and numerous others.
And officials have frequently faced scrutiny for their response. When a freshman at Florida State University reported that star quarterback Jameis Winston had raped her, the case was kept under wraps until TMZ broke the news. The New York Times later detailed how authorities failed to promptly investigate even though records show that the athletic department knew about it less than a month after the victim came forward. The university declined to speak to the Times about the case, citing privacy laws.
In another case, a panel at Hobart and William Smith colleges in upstate New York quickly cleared three football players of a complaint brought against them by a freshman named Anna. Records of the case obtained by the New York Times showed that the football players lied to campus police at first, and then gave a story that did not align with evidence collected in Anna's medical examination. Yet because colleges usually keep those proceedings confidential to protect students' privacy, the public is kept mostly in the dark about what happens in a sexual assault hearing. Officials at Hobart and William Smith told the Times they have "no tolerance for sexual assault." They also declined to answer specific questions, citing privacy laws. 

Only a Slap on the Wrist

In a case that unfolded at Indiana University in 2006, a disciplinary panel concluded that a student named Margaux had been the victim of "inappropriate sexual contact." Their chosen punishment? Banning the assailant from campus for the summer. After Margaux appealed the decision, the university eventually extended the suspension to a full year. By that time, Margaux had already dropped out to avoid being on the same campus as her assailant.
A joint investigation by NPR and the Center for Public Integrity into Margaux's case and other college sexual assault hearings across the country found a common pattern. Sexual assault hearings have resulted in one-month suspensions and even essay assignments. Indiana University defended its suspension of the student who assaulted Margaux. "We'd like to think we can always educate and hold accountable the student," a dean told CPI. 

Patrick Henry College: A World without Title IX

Patrick Henry College, a rural evangelical institution in northern Virginia offers a window into what life is like without the protections of Title IX, which outlaws gender discrimination on college campuses. In order to remain exempt from that law, the college turns down federal funding.
In an investigation published in The New Republic, Kiera Feldman looked into the cases of several young women who dropped out of Patrick Henry after reporting being sexually assaulted by fellow students. Title IX requires colleges to have a procedure for handling harassment and sexual violence complaints and to take immediate action to ensure that victims can continue their education free from harassment or retaliation. Instead, Feldman reports, a student named Sarah and her accused assailant both received "growth contracts" which mainly involved weekly counseling sessions during which Sarah read aloud passages from evangelical women's self-help literature. In response to the story, the college released a detailed statement: "Our foremost concern has always been to protect and nurture all our students." 

Taking a University to Court

When students believe their cases have been mishandled, they can file a Title IX complaint. That's what students have done this year at Occidental, University of California at Berkeley, University of North Carolina, Dartmouth, Swarthmore, University of Southern California, and dozens of other schools.
So many sexual assault victims have filed complaints that there are now 71 schools under federal investigation for Title IX violations across the country., a site set up by advocates, lays out how you can file a complaint.
Five University of Connecticut students who believed the school hadn't properly hadn't their sexual assault complaints took it a step further and filed a federal lawsuit in October 2013. UConn President Susan Herbst said their allegations — that the university neglected their cases — were "astonishingly misguided and demonstrably untrue." The case was settled outside of court this month for $1.28 million, UConn did not admit to wrongdoing and says it follows Title IX regulations in handling sexual violence on its campus.


Ranbaxy Q1 net loss narrows to Rs186 crore

During the June quarter, Ranbaxy posted a net loss of Rs186 crore compared with Rs524.24 crore recorded in same quarter last year


Pharmaceutical company Ranbaxy Laboratories Ltd on Tuesday reported a narrower loss for the June quarter despite fall in sales.


For the quarter to end-June, Ranbaxy said its consolidated net loss narrowed to Rs185.92 crore from a net loss of Rs524.24 crore while its total revenues, including sales fell 8% to Rs2,372.24 crore from Rs2,583.94 crore, same period last year.


Ranbaxy said, its branded and OTC category drugs accounted for 58% of total sales during the quarter at Rs1,370 crore. Generics and others category recorded Rs1,000 crore of sales during the June quarter, it added.


In the US, the company posted sales of Rs700 crore for the quarter primarily driven by Absorica with a market share of 20%, it added.


The India business of the company recorded 12% growth as against the Indian Pharma Market (IPM) growth of 10%. The company expects to continue the momentum in the months ahead, Ranabaxy said.


On the regulatory issue faced by the company over manufacturing norms violations at its Toansa plant, Ranbaxy said on 5 June 2014, EU authorities reinstated the EU GMP certificate for the Toansa facility after a joint inspection by multiple European Agencies, including UK, Ireland, Germany, Switzerland and TGA Australia which was completed during March 2014 with no critical observations.


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