CMRF Aid of Rs 48.64 Lakh Disbursed to 69 Beneficiaries in Kurnool
22 Sep
Health News

CMRF Aid of Rs 48.64 Lakh Disbursed to 69 Beneficiaries in Kurnool

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Kurnool: Minister for roads and buildings, B.C. Janardhan Reddy, on Sunday distributed financial assistance to beneficiaries under the Chief Ministers Relief Fund (CMRF) at his camp office in Banaganapalle. Cheques worth Rs 44,64,166 were handed over to 64 beneficiaries, while five others received Rs 4 lakh through Letters of Credit for emergency medical services. In total, 69 beneficiaries were extended support amounting to Rs 48,64,166. The minister said that the coalition government, led by Chief Minister N. Chandrababu Naidu, is committed to standing by the poor and ensuring timely support for their healthcare needs. Allagadda police reunite boy missing for a year with parents Kurnool: Allagadda police have traced a boy who had been missing for the past year. The 14-year-old son of Kunduru Brahmananda Reddy from Chintakunta village, a class 9 student, went missing in November last year...
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‘Internship beneficiaries will be picked in a fair and transparent way’
27 Jul
Business News

‘Internship beneficiaries will be picked in a fair and transparent way’

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Business new tamfitronics Finance secretary TV Somanathan says there will be objective criteria to decide candidates selected for the internship scheme. He argues that some of the incentives for employment will pull down entry barriers for first-timersHow is the employment scheme going to be implemented?There are three direct incentives for employment, two for skilling. In the first three, there are three parts.One is an incentive which will be paid to every first timer who enters the formal job market. If we receive the CV of somebody with no experience, versus the CV of somebody with experience, the person with experience is preferred. There is a cost to the employer in absorbing a first timer into the organization because that person has to go through the learning curve. By providing a subsidy to...
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IL&FS asks 200 employee trust beneficiaries to refund Rs 250 crore
21 Jul
Business News

IL&FS asks 200 employee trust beneficiaries to refund Rs 250 crore

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Business new tamfitronics NEW DELHI: Following a diktat from the ministry of corporate affairs (MCA), IL&FS has sought to recover Rs 250 crore from beneficiaries of its employee welfare trust, in what may be a first instance of its kind in the country.The move by the ministry followed a report by the Serious Fraud Investigation Office (SFIO), which concluded that the entity was allegedly used to park excess funds or profits and was subsequently used to facilitate payoffs and provide incentives to select employees.Some of the alleged “unjust payments” during 2006-07 to a select group of employees by the erstwhile management led by Ravi Parthasarthy, using the trust route, have been shared by SFIO with MCA, officials told TOI.Based on the report, MCA has identified around 200 beneficiaries of the IL&FS Employee Welfare Trust...
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