In the interest of public welfare, the Central Government has extended the classification of iron ore mining services as a public utility under the Industrial Disputes Act, 1947. This extension, effective April 14, 2024, follows a prior designation lasting six months from October 14, 2023. The decision emphasizes the critical role of iron ore mining in the nation’s industrial landscape. With this order, titled Public Utility Services (First Order) 2024, the Central Government reaffirms its commitment to ensuring the uninterrupted operation of this sector for the benefit of the public. This move underscores the ongoing importance of iron ore mining in sustaining various industries and highlights its significance as a cornerstone of economic development. This notification was published on April 12, 2024.
Launch of Association of NPS Intermediaries
The ANI stakeholders are Points of Presence (Bank and Non-Bank), Central Record Keeping Agencies, Trustee Banks, Custodians, Aggregators, Annuity Service Providers, Pension Agents, Retirement Advisors,