There will be tripartite pact with member, bank/housing agency and EPFO.
A senior official attached with the Tambaram police commissionerate has been transferred and put under compulsory wait, days after the AR Rahman concert row that among others witnessed traffic snarls which even affected the movement of the Chief Minister's convoy.
In 2006, FM made it mandatory for all private PF Trusts to seek exemption certificates.
Tax rates would be made known only in the proposed Act, a bill for which will be introduced in Parliament in the coming monsoon session.
A member of the Central Board of Trustees D L Sachdev said, "It is quite possible that people might have resorted to withdrawing money from their provident fund accounts. But increase in the number of such applications cannot be solely attributed to job losses due to recession".
Retirement fund body EPFO on Monday is likely to retain 8.5 per cent interest on PF deposits for its over 5 crore subscribers in 2013-14.
To take the 'Idea to Enterprise' journey, you need to be open about your idea and articulate it to potential customers, existing entrepreneurs, experts in your industry and well-wishers.
rediffGURU Vivek Lala answers your income tax and personal finance queries.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
Rules out involvement of nominee and independent directors.
An expert group has called for carving out two separate accounts -- PF and annuity -- in the employee provident fund scheme to meet the challenge of fund depletion in the pension scheme and introducing greater transparency for subscribers.
The government has approved payment of 8.75 per cent rate of interest on PF deposits in 2013-14 for over five crore subscribers of retirement fund body EPFO.
The Election Commission on Sunday ordered the suspension of Telangana Director General of Police (DGP) Anjani Kumar for violation of the model code of conduct amid the counting of votes, sources said.
The government has amended the investment pattern of provident, superannuation and gratuity fund capping the maximum exposure in bonds to 30 per cent from the earlier limit of 40 per cent.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
A European cargo airline has moved the National Company Law Tribunal seeking expeditious acquisition of three Jet Airways B777-300 aircraft. The application is by a Malta-based Ace Aviation VIII Limited, which emerged as a successful bidder in the auction of three Boeing 777-300ER aircraft. The firm is part of a Belgium-based cargo airline and its application will be heard on Wednesday.
The Supreme Court on Thursday directed Jalan-Kalrock consortium, the new owners of the cash-strapped Jet Airways, to deposit Rs 150 crore in SBI's escrow account by January 31, saying failure to do so will mean that the consortium is not in compliance with the terms of the resolution plan for reviving the airline. The top court, meanwhile, also refused to allow the separate plea of the Jet Aircraft Maintenance Engineers Welfare Association seeking payment of provident fund and gratuity dues, observing if additional money is awarded, the resolution plan will become "unworkable". The consortium, as per the lawyers for the workmen, has to pay over Rs 200 crore towards dues on account of PF and gratuity.
The first phase of computerisation of the EPFO offices were to be completed within a year of the EPFO's apex body -- Central Board of Trustees' (CBT)-- approval of the project in April last year.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
rediffGURU Dev Ashish answers your personal finance and mutual fund queries.
Apart from this, employers may be allowed to deduct EPF contributions only on the basic pay of up to Rs 15,000, even if the employees' basic pay is above this ceiling. While on one hand this will allow companies to lower their wage bills, employees can also get a higher salary in hand.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
'My protest was in the interest of the nation.' 'I am just doing my duty as a citizen of this country.'
While financial planning is good for you, the process which a planner can put you through is not so great, observes financial planner P V Subramanyam.
The steep one percentage points increase has taken the interest on PF deposits of 4.71 crore organised sector workers to a five-year high.
'They know that if they do not tie up with the Congress, then the minorities will move to the Congress.'
Post office savings of 1, 2 and 3 year term deposits and 5-year recurring deposit currently fetch 8.4 per cent interest per annum.
The Employees' Provident Fund Organisation will not be able to pay more than 8.5 per cent interest on PF deposits during 2009-10 as it has no reserves left following a Rs 139 crore (Rs 1.39 billion) deficit incurred last fiscal.
Mumbai Indians captain Rohit Sharma should take a break from IPL 2023 and instead prepare in earnest for the WTC final against Australia next month, said batting great Sunil Gavaskar.
An open letter written by women employees of KFA alleged that the company did not pay salaries
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The EPFO, which has 50 million subscribers, provides annual interest of 8.75 per cent on provident fund deposits.
The EPFO has about 5 crore (50 million) subscribers and the decision will have a bearing on their retirement fund.
The amazing excuses given by people who don't invest their money abound, but you would be wise to ignore them. Excuses won't help you get ahead; they can only hold you back from the retirement you deserve, says financial planning advisor P V Subramanyam
It's such a well-kept secret that even well-heeled financial planners aren't aware of it, says Harsh Roongta.
Do you have financial planning queries? Ask rediffGURU Anil Rego.
As of now, foreign employees applying for withdrawal of provident funds are required to open bank accounts in India.
Debt as an investment avenue for the wealthy has been attracting more assets than equity. The portfolio management service (PMS) industry, whose services require a minimum investment of Rs 50 lakh, has seen a 4.4 per cent decline in equity assets since March 2022.
These are the four primary issues that have soured the relationship between SBI-led lenders and JKC and delayed the resumption of commercial flights by Jet Airways, once India's largest private airline, which went bankrupt in 2019. Over the past three years, the airline went through an insolvency process under which JKC's resolution plan was approved by a committee of creditors (lenders) and the National Company Law Tribunal (NCLT) in October 2020 and June 2021, respectively. But this didn't mean an end to the problems.
'Having a look the last couple of days it looks like it's prepared pretty similar (to Nagpur). It looks pretty dry.'
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