News: The Employees’ Provident Fund Organisation (EPFO) on Tuesday extended the deadline for mandatory seeding of Aadhaar numbers for filing of electronic challan-cum return by employers to September 1.
About Employees Provident Fund Organisation (EPFO):
The Employees’ Provident Fund Organisation (EPFO) is the social security body that is responsible for running and supervising the largest mandatory state pension scheme for people in India.
The EPFO assists the Central Board in administering a compulsory contributory provident fund, pension and insurance scheme for the workforce engaged in India.
It is also the nodal agency for implementing bilateral social security agreements with other countries. These schemes cover Indian workers as well as international workers in countries with which bilateral agreements have been signed. As of May 2021, 18 such agreements are operational.
The EPFO’s apex decision making body is the Central Board of Trustees (CBT), a statutory body established by the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 and under the jurisdiction of the Ministry of Labour and Employment.
As of 2018, more than ₹11 lakh crore (US$157.8 billion) are under EPFO management.
Universal Account Number:
The Universal Account Number (UAN) is a 12-digit number allotted to employees who are contributing to EPF.
It will be generated for each of the PF members by EPFO.
The UAN will act as an umbrella for the multiple Member Ids allotted to an individual by different establishments and also remains the same throughout the lifetime of an employee.
It does not change with the change in jobs.
The idea is to link multiple Member Identification Numbers (Member Id) allotted to a single member under a single UAN.
This will help the member to view details of all the Member Identification Numbers (Member Id) linked to it.
2. FCI RISE TO BE USED FOR ETHANOL
News: The Central government has allocated 78,000 tonnes of rice procured for food security purposes to be diverted to ethanol production instead this year, at a subsidised rate of ₹20 a kg.
The share of rice in ethanol production was “miniscule and transitory”, emphasising that maize would form the primary feedstock for grain-based ethanol production instead.
This is part of the government’s plan to double distilling capacities by 2025, partly by encouraging an increase in the share of grain-based ethanol production from the current focus on molasses-based production.
The Centre was targeting an ethanol production of 1,500 crore litres by 2025, out of which almost half, 740 crore litres, would be from grain-based distilleries, with the remainder coming from sugar-based distilleries.
Currently, about a third of the 710 crore litre ethanol production capacity comes from grains. Only 38 crore litres of grain-based ethanol is used for fuel.
About Food Corporation of India:
The Food Corporation of India is a statutory body created and run by the Government of India.
It is under the jurisdiction of Ministry of Consumer Affairs, Food and Public Distribution, Government of India formed by the enactment of Food Corporation Act, 1964 by the Parliament of India. Its top official is designated as Chairman who is a civil servant of the IAS cadre.
It was set up in 1965 with its initial headquarters at Chennai.
Later this was moved to New Delhi. It also has regional centers in the capitals of the states. Important regions of the state also serve as district centers.
The Food Corporation of India or the FCI was set up on 14 January 1965 having its first District Office at Thanjavur – rice bowl of Tamil Nadu – and headquarters at Chennai (later shifted to Delhi) under the Food Corporations Act 1964 to implement the following objectives of the National Food Policy:
Effective price support operations for safeguarding the interests of the poor farmers
Distribution of foodgrains throughout the country for Public Distribution System (PDS)
Maintaining a satisfactory level of operational and buffer stocks of foodgrains to ensure National Food Security
Regulate market price to provide foodgrains to consumers at a reliable price
About National Ethanol Blending Policy:
Ethanol is one of the principal biofuels, which is naturally produced by the fermentation of sugars by yeasts or via petrochemical processes such as ethylene hydration. It has medical applications as an antiseptic and disinfectant. It is used as a chemical solvent and in the synthesis of organic compounds, apart from being an alternative fuel source.
The National Policy on Biofuels – 2018, provides an indicative target of 20% ethanol blending under the Ethanol Blended Petrol (EBP) Programme by 2030.
Currently petrol with 10% ethanol blend (E10) is being retailed by various Oil Marketing Companies (OMCs) in India, wherever it is available. However, as sufficient quantity of ethanol is not available, therefore, only around 50% of petrol sold is E10 blended, while remaining is unblended petrol (E0). The current level of average ethanol blending in the country is 5% (Ethanol Supply Year 2019-20).