Gov gets demand to increase minimum pension from ₹1,000 per month

Gov gets demand to increase minimum pension from ₹1,000 per month


The Ministry of Labour and Employment has received representations from various stakeholders, including trade unions and public representatives, seeking an increase in the minimum pension under the Employees’ Pension Scheme, 1995 (EPS-95) from the current level of ₹1,000 per month.

Minister of State for Labour and Employment Shobha Karandlaje said this in a written reply to a question in the Lok Sabha on Monday. She also stated that nearly 47.04 lakh pensioners covered under the Employees’ Pension Scheme, 1995 are drawing a monthly pension of less than ₹9,000. Data from the Employees’ Provident Fund Organisation (EPFO) shows that the total number of pensioners under EPS-95 currently stands at 82,11,182.

Shobha Karandlaje said that 47,04,270 active member pensioners are receiving pensions below ₹9,000 per month. She confirmed that the government has received multiple representations urging an enhancement of the minimum pension amount under the scheme.

The Employees’ Pension Scheme, 1995 is a defined contribution–defined benefit social security programme. Its corpus is built through contributions of 8.33 per cent of wages by employers, along with a 1.16 per cent contribution by the Central Government on wages up to ₹15,000 per month. All pensionary benefits under the scheme are paid from this fund.

The minister noted that the government currently provides a minimum pension of ₹1,000 per month to EPS-95 pensioners through budgetary support. This is in addition to the government’s 1.16 per cent contribution to the scheme paid to the EPFO.

She further stated that the pension fund is actuarially valued every year in accordance with paragraph 32 of EPS-95. The purpose of this valuation is to assess the long-term financial sustainability of the fund by examining expected inflows from contributions and projected outflows in the form of benefits.

Reiterating the government’s position, Karandlaje said that India remains committed to ensuring comprehensive social security coverage through the EPF Scheme, 1952, EPS-95 and the Employees’ Deposit-Linked Insurance (EDLI) Scheme. This commitment, she added, is guided by the need to balance member welfare with the sustainability of the funds and their future liabilities.

Published on February 10, 2026



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Crude oil futures trade lower after a rally as markets analyse US advisory to vessels

Crude oil futures trade lower after a rally as markets analyse US advisory to vessels


Declining chart of crude oil barrels istock photo for BL
| Photo Credit:
iStockphoto

Crude oil futures traded lower on Tuesday morning after markets analysed the potential for supply disruptions following a US advisory to vessels transiting the Strait of Hormuz and Gulf of Oman. Crude oil prices rose over 1 per cent on Monday following a US advisory to its vessels.

At 10.04 am on Tuesday, April Brent oil futures were at $68.91, down by 0.19 per cent, and March crude oil futures on WTI (West Texas Intermediate) were at $64.19, down by 0.26 per cent. February crude oil futures were trading at ₹5832 on Multi Commodity Exchange (MCX) during the initial hour of trading on Tuesday against the previous close of ₹5870, down by 0.65 per cent, and March futures were trading at ₹5835 against the previous close of ₹5875, down by 0.68 per cent.

An advisory issued by the US Department of Transportation’s Maritime Administration on Monday warned that the US-flagged vessels transiting the Strait of Hormuz could face illegal boarding, detention or seizure by Iranian authorities.

The advisory said commercial vessels transiting the Strait of Hormuz and Gulf of Oman have long been at risk of being hailed, queried, boarded, detained, or seized by Iranian forces. Iranian forces have historically utilized small boats and helicopters during boarding operations and have attempted to force commercial vessels into Iranian territorial waters, including as recently as February 3.

The US government is continually assessing the maritime security situation in the region to identify and differentiate threats and safeguard freedom of navigation, ensure the free flow of commerce, and protect US vessels, personnel, and interests, it said.

The advisory said: “It is recommended that US-flagged commercial vessels transiting these waters remain as far as possible from Iran’s territorial sea without compromising navigational safety. When transiting eastbound in the Strait of Hormuz, it is recommended that vessels transit close to Oman’s territorial sea.”

Talks between the US and Iran, which were mediated by Oman, saw some progress on Friday.

February natural gas futures were trading at ₹283.90 on MCX during the initial hour of trading on Tuesday against the previous close of ₹287.50, down by 1.25 per cent.

On the National Commodities and Derivatives Exchange (NCDEX), February guargum contracts were trading at ₹10119 in the initial hour of trading on Tuesday against the previous close of ₹10086, up by 0.33 per cent.

April dhaniya futures were trading at ₹10984 on NCDEX in the initial hour of trading on Tuesday against the previous close of ₹11018, down by 0.31 per cent.

–EOM–

Published on February 10, 2026



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First underground lava tube detected on Venus using NASA radar data

First underground lava tube detected on Venus using NASA radar data


Artist’s impression of the NASA Magellan spacecraft making radar observations of Venus, with the data indicating the presence of a subsurface lava tube in this handout image released on February 9, 2026.
| Photo Credit:
RSLab, University of Trento

A fresh examination of
radar data ‍for Venus obtained by NASA’s Magellan spacecraft in
the 1990s indicates the presence of a large underground cavity
created by a lava flow, the ​first subsurface feature ever
detected on Earth’s planetary neighbor.

Researchers said the radar data was consistent with a
geological ‌feature called a lava tube that is found in certain
volcanic locations on Earth. Lava tubes also ​exist on the moon
and are thought to be present on Mars.

Venus has carefully guarded its secrets, with its surface
shrouded by thick noxious clouds. But radar can peer through
these clouds.

Scientists had theorized the presence of lava tubes on
Venus, considering its history of volcanism.

“Moving from theory to direct observation marks a major step
forward, opening the door to new lines of research and providing
crucial information for future missions aimed at exploring the
planet,” said Lorenzo Bruzzone, a radar and planetary scientist
at the University of Trento in Italy, senior author of the study
published on Monday in the journal Nature Communications.

The ​researchers analyzed data acquired by Magellan’s
Synthetic Aperture Radar remote-sensing instrument from 1990 and
1992 at locations bearing signs ⁠of localized surface collapses
suggestive of lava tubes beneath. They used a recently developed
data-analysis method aimed at identifying underground cavities
like lava tubes.

The structure they detected, interpreted as part of an empty
lava tube, is on the western flank of the Nyx Mons, which is a
shield volcano – a broad and gently ​sloped volcano whose overall
shape resembles a warrior’s shield – ⁠measuring about 225 miles
(362 km) wide and located in the planet’s northern hemisphere.
The area has a large number of pits caused by surface collapses.

“Our knowledge of Venus is still limited, and until now we
have never had the opportunity to directly observe processes
occurring beneath its surface,” University of Trento radar
scientist and study lead author Leonardo Carrer said.

Venus ‌has a diameter of about 7,500 miles (12,000 km),
slightly smaller than Earth. Magellan mapped 98% of the Venusian
surface. ‌Its data helped give scientists a basic understanding
of the surface of Venus, which possesses more volcanoes than any
other planet in our solar system and exhibits extensive evidence
of past lava flows on ‍its surface.

“Lava tubes are natural underground tunnels created by
volcanic activity. They usually form within basaltic lava flows,
where low-viscosity lava continues to move beneath a solidifying
surface,” Bruzzone said.

The Magellan instrument’s side-looking observation geometry
was able to spot radar reflections coming from underground
cavities.

The apparent ‍lava tube identified in the data has an
estimated average diameter of about six-tenths of a mile (1 km),
a roof thickness of at least 490 feet (150 meters) and an empty
cavity reaching a height of at least a quarter of a mile (375
meters). Due to the Magellan data’s limitations, only the
initial portion of the structure could be directly observed. The
researchers suspect it is much longer, stretching perhaps
several miles.

Its dimensions make it both wider and taller than lava tubes
found on Earth or predicted for Mars. It lies at the upper end
of the size range expected – and in one case already observed –
on the moon. The researchers said the structure’s size is not
entirely surprising considering that lava channels observed on
the Venusian surface are larger and longer than those present ⁠on
other planets and moons in our solar system.

“Intense volcanic activity is known to have played a major
role in shaping the surface and geology of Venus, as well as in
driving exchanges between the ​planet’s interior and its
atmosphere. Recent studies suggest that some volcanoes on Venus
may still be active today, a possibility that future missions ⁠to
the planet are expected to clarify and better constrain,”
Bruzzone said.

By its very nature, a lava tube would not be related to
ongoing volcanism, Bruzzone said.

Venus is the second planet from the sun, Earth third and
Mars fourth. Venus has received much less scientific attention
than Mars, but two important missions are looming – the European
Space Agency’s Envision and NASA’s Veritas.

Both spacecraft will carry advanced radar systems capable of
capturing higher-resolution images. Envision will carry an
orbital ground-penetrating radar ⁠capable of probing the Venusian
subsurface to depths of several hundred yards (meters).

“The coming decade promises to be a pivotal one for Venus
research,” Carrer said.

Published on February 9, 2026



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SEBI proposes Rs 1,000 minimum investment for social impact funds

SEBI proposes Rs 1,000 minimum investment for social impact funds


SEBI has proposed cutting the minimum investment for individual investors in social impact funds to Rs 1,000 from Rs 2 lakh to expand retail participation and ease fundraising for not-for-profit organisations on the Social Stock Exchange.
| Photo Credit:
HEMANSHI KAMANI

SEBI on Monday proposed a sharp reduction in the minimum investment required from individual investors in social impact funds to Rs 1,000 from the existing Rs 2 lakh, in a move aimed at widening retail participation and easing fundraising for not-for-profit organisations (NPOs) on the Social Stock Exchange (SSE).

In its consultation paper, Sebi also proposed extending the registration period for NPOs on the SSE without fundraising and lowering the minimum subscription requirement for issuing Zero Coupon Zero Principal Instruments (ZCZP).

The regulator said the measures are intended to “further strengthen the SSE framework, facilitate ease of fund raising and encourage greater participation by NPOs”.

Under the current Alternative Investment Fund (AIF) Regulations, individual investors are required to invest a minimum of Rs 2 lakh in a social impact fund that invests exclusively in securities of NPOs listed or registered on the SSE.

SEBI has now proposed lowering this threshold to Rs 1,000 to align it with the existing minimum application size for Zero Coupon Zero Principal Instruments (ZCZP) under the ICDR norms, thereby enabling wider retail participation in social impact investments.

On the registration front, Sebi has suggested extending the period during which NPOs can remain registered on the SSE without raising funds from the existing two years to three years.

The proposal has taken into account practical challenges faced by NPOs, including delays in statutory and regulatory approvals, and would be subject to approval by the SSE.

In addition, the regulator has proposed reducing the minimum subscription requirement for ZCZP issuances from 75 per cent to 50 per cent in select cases.

This relaxation would apply only to projects where costs and outcomes can be implemented on a clearly identifiable per-unit basis, ensuring that partial subscription does not adversely affect project execution, Sebi said.

In such cases, SSEs would be required to carry out due diligence to ensure that funds raised at the lower subscription threshold can still be meaningfully deployed towards the stated objectives.

Also, the regulator said that funds would be refunded to investors if the minimum subscription requirement is not met.

Published on February 9, 2026



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AI-powered apps and bots enter healthcare, raising concerns among doctors

AI-powered apps and bots enter healthcare, raising concerns among doctors


Artificial intelligence is shaking up
industries from software and law to entertainment and education.
And as physicians like Dr. Cem Aksoy are learning, it’s posing
special challenges in medicine as patients tap AI for advice.

Aksoy, a medical ​resident at a hospital in Ankara, Turkey,
says an 18-year-old patient and his family recently panicked
after the young man was diagnosed with a cancerous ‌tumor on his
left leg. They turned to OpenAI’s ChatGPT. The bot said he might
survive only five years.

It was wrong: A plastic surgeon successfully removed the
tumor ​in July. “He was essentially cured after the operation,”
Aksoy said.

But a few weeks later, the patient called Aksoy on the verge
of tears. “He said, ‘I started coughing recently, and ChatGPT
told me it could possibly be metastasis to my lungs,’” meaning
the cancer had spread, the doctor recalled. The patient said he
needed to write a will. It turned out his lungs were fine. He
was coughing because he’d recently started smoking.

“When someone is distressed and unguided,” Aksoy said, an AI
chatbot “just drags them into this forest of knowledge without
coherent context.”

A spokesperson for OpenAI said its newest models have
significantly improved how they handle health questions. ChatGPT
isn’t intended as a substitute for a medical professional’s
guidance, the company said.

The young Turkish patient’s encounter with AI-dispensed
medical wisdom comes as many patients around the world are
turning to the technology for advice. In addition to the big
ask-me-anything chatbots, consumers are turning to a slew of
new, AI-powered consumer medical apps.

‘BECOME ​YOUR OWN DOCTOR’

A growing number of mobile apps available on the Apple and
Google app stores claim to use AI to assist patients with their
medical complaints – even ⁠though they’re not supposed to offer
diagnoses.

Under U.S. Food and Drug Administration guidelines, AI-based
medical apps don’t require approval if they “are intended
generally for patient education, and are not intended for use in
the diagnosis of disease or other conditions.” Many apps have
disclaimers that they aren’t a diagnostic tool and shouldn’t be
used as a substitute for a physician. Some developers seem to be
stretching the limits.

An app called “Eureka Health: AI Doctor” touted itself as
“Your all-in-one personal health companion.” ​It stated on
Apple’s App Store that it was “FOR INFORMATIONAL PURPOSES ONLY”
and “does not diagnose ⁠or treat disease.”

But its developer, Sam Dot Co, also promoted the app on a
website, where it stated in big letters: “Become your own
doctor.”

“Ask, diagnose, treat,” the site stated. “Our AI doesn’t
just diagnose – it connects you to prescriptions, lab orders,
and real-world care.”

Apple said that after learning about Eureka Health from
Reuters, it removed it from its app store. Apple’s guidelines
for developers states that medical apps “must clearly disclose
data and methodology to support accuracy claims.”

App developer Sam Dot didn’t respond to a request for
comment. But the website changed after Reuters inquired ‌about
it. The site no longer mentions the app.

In some cases, apps have given inaccurate and potentially
dangerous advice.

“AI Dermatologist: Skin Scanner” says on its website that it
has ‌more than 940,000 users and “has the same accuracy as a
professional dermatologist.” Users can upload photos of moles
and other skin conditions, and AI provides an “instant” risk
assessment. “AI Dermatologist can save your life,” the site
claims.

Its Lithuania-based developer, Acina, says the app uses “a
proprietary neural network” that looks for patterns to make
predictions. Acina ‍says it was trained on dermatological images
to recognize specific skin conditions.

DERMATOLOGY APP CLAIMS ‘97% ACCURACY’

The app claims “over 97% accuracy.” But it has drawn
hundreds of one-star reviews on app stores, and many users
complain it’s inaccurate.

Daniel Thiberge, a tech-support analyst in New Jersey, told
Reuters that he bought the app to interpret seven pictures he
snapped of a small growth on his arm. Six results showed there
was a “75%-95%” ‍risk it was cancerous, he said. He then went to
a dermatologist. The doctor told him the growth didn’t look
problematic in any way, and it wasn’t worth doing a biopsy.

“If it’s completely, wildly off, what is the purpose of the
app?” Thiberge asked. At best it’s useless, he said. “At worst,
it’s dangerous, because you may not go see a dermatologist.”

In another review on the Apple App Store, a user wrote that
to test the app, she uploaded photos showing she had melanoma, a
serious form of skin cancer, that had been diagnosed and
surgically removed. But the app reported that the condition was
“benign,” wrote the user. She told Reuters that she fears “some
people will trust it and delay doctor visits.”

Reuters didn’t independently confirm the app users’
experiences. Acina said it couldn’t verify them. It told Reuters
that AI Dermatologist’s “purpose is not to provide a medical
diagnosis, but to offer a preliminary analysis using AI
technology to encourage users to consult a professional.”

“Our AI models are built upon dermatological literature and
carefully curated datasets that were selected and validated by
board-certified dermatologists,” it said, adding that “false
positives can happen with any AI system.”

A DOCTOR WORRIES ABOUT APPS’ ACCURACY

The company said its AI has ⁠received many positive online
reviews, including “where users thank us because the app
prompted them to check a mole or lesion early – in some cases
leading to timely medical attention.”

Apple said it removed the app from its App Store after
learning about it from Reuters, in part because of the numerous
customer complaints.

Google also removed ​AI Dermatologist from its Google Play
store after Reuters called attention to the app. “Google Play
prohibits apps from offering misleading or harmful health
functionality and requires regulatory proof or a disclaimer for
apps offering medical functionality,” ⁠the spokesman said.

But the app is back on the market. Google recently
reinstated it after Acina revised it. Google said suspended apps
can return if they’re updated with a “compliant version.”

Acina said it “clarified more explicitly that the app is not
a medical device,” doesn’t provide diagnoses, and that users
should consult healthcare professionals.

Apple also briefly reinstated it, but then removed it again
last week. According to Acina, Apple told it that “upon
re-evaluation,” it determined this: “The app provides medical
related data, health related measurements, diagnoses or
treatment advice without the appropriate regulatory clearance.”
Acina said it is appealing the removal.

Dr. Rachel Draelos, a physician, computer scientist and
consultant in AI healthcare, says AI-powered medical apps are
worrisome, particularly in dermatology. “I’m very concerned by
it ⁠because properly identifying skin things is really hard,” she
told Reuters. There are thousands of skin conditions, and
“there’s no way that all of these apps actually have a dataset
that covers all these things.”

Published on February 9, 2026



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