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Pension regulator hardsells new scheme
The Pension Fund Regulatory Development Authority (PFRDA) is taking ing various measures to increase the number of subscribers under its New Pension Scheme (NPS). It is in discussions with the General Insurance Council, various industry bodies and companies to offer the plan to their employees. Under the recent deal between the Indian Banks’ Association (IBA) and the pension regulator, all new recruits of banks will join the defined contribution system from April 1, 2010. Already 20 nationalised and 12 private sector banks have joined the new system.

UP mills to pay 5% MORE for cane
This is the third price hike in less than a month; mills will pay Rs 200-205 a quintal.

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Soren to take oath as Jharkhand CM tomorrow
JMM chief Shibu Soren is all set to take oath as chief minister heading a five-party coalition in Jharkhand tomorrow, which will be the seventh dispensation in nine years since it became a separate state.
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10 TDP MLAs to resign, party supports Telangana bandh

Ten TDP MLAs today decided to resign in protest against the Centre"s decision that appeared to put the Telanagana issue on the backburner even as the main opposition party extended support to the two-day bandh called in the region. - 11 Cong MPs from Telangana decide to quit - "No problems to industrialists due to ongoing agitations" - AP crisis: Rao, Rajagopal continue fast - Cong MP escapes from hospital; police searching for him - Centre may make statement on Telangana next week: Purandeswari - Telangana tangle: Fasting Congress MP Rajagopal in hospital At a party meeting here, 10 TDP MLAs belonging to Telangana decided to submit their resignations to Speaker N Kiran Kumar Reddy. Former Andhra Pradesh minister and TDP legislator N Janardhan Reddy told reporters that the Congress has "betrayed" the Telangana people by diluting its earlier promise of granting statehood to the backward region. Reddy said his party wanted the bandh to be peaceful and appealed to the students and general public to support the shutdown. The bandh, which began midnight last night, has been called by the TRS and other parties to protest the Centre"s move to hold further consultations on the Telangana statehood issue. Union Home Minister P Chidambaram last night said, "A large number of political parties are divided on the issue" and the situation has "altered" since the Centre"s December 9 announcement on a separate state for the region comprising ten districts."


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