There have been reports that EPFO has adopted a new rule for calculating higher EPS pension for members who have retired on or after September 1, 2014. As per reports the services period is getting divided into two parts and pension is calculated on pro rata basis which is likely to result in reduced pension for these members.
The Supreme Court recently referred to a larger bench the question of whether courts can modify arbitral awards under Sections 34 and 37 of the Arbitration and Conciliation Act, 1996.
Fali Nariman spent 75 of his 95 years in the legal profession, and 54 of these was as a senior counsel. To my mind, he was India s leading counsel from the early 80s to around 2005. As his legal accomplishments are in the public domain and well-known, I would like to recount our various interactions and my impression of his advocacy and his traits as a person.