Ø In a rare action, a private member’s Bill protecting and providing
rights for transgenders was passed by the Rajya Sabha on Friday. The Bill also
guarantees reservation in education and jobs, financial aid and social
inclusion. This is the first time in 45 years that a private members' Bill has
been passed by the House. The Rights of Transgender Persons Bill, 2014, paves
the way for a law on the matter in the near future. The government assured the
House that it would bring an updated Bill in the Lok Sabha. Sources later told The Hindu that while the government “accepts the
spirit and sentiment of the Bill, it has infirmities that need to be removed.”
Ø The Central Government has allowed retirement fund body Employees’
Provident Fund Organisation (EPFO) to invest 5 per cent of its corpus in
exchange traded funds (ETF), which will result into an inflow of around
Rs.5,000 crore into the stock markets during this fiscal. Labour
Ministry has notified a new investment pattern for the EPFO, which allows the
body to invest 5 per cent of its funds into ETFs.
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