Trustees of the employees provident fund, which has a corpus of about Rs 1,30,000 crore (Rs 1300 billion), has decided against investing a portion of its assets in mutual funds and stock markets.
During 2019-20, the number of net new subscribers rose to 78.58 lakh as compared to 61.12 lakh in the preceding fiscal.
With the finance ministry refusing to hike rates of Special Deposit Schemes and allow it to park funds in high interest bearing postal deposits, the Employees Provident Fund Organisation is toying with the idea of trading in government securities as
Finance Minister Pranab Mukherjee will soon give the green signal to the payment of 9.5 per cent interest rate on provident fund deposits during 2010-11, a senior government official said on Tuesday.
Rediff reader Anjum Parwej, 52 from Indore shares his story.
HR Guru Mayank Rautela offers practical advice.
About 25-30% of total units launched are unsold across country.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The department has joined hands with BSNL and Pantel Technologies.
EPF allows partial withdrawal to meet situations like house construction, medical emergency, and so on.
'A total overall of the existing way of working by abolishing taxes and allowing citizens to help themselves without any government bottlenecks and impediments,' observes Rahul Mishra.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The CFO will formulate the accounting policy of the bank, maintain the internal accounts and report financial results, and carry out corporate strategy functions like PF policies.
The 93-year-old autocrat is yet to resign and was said to be 'buying time' to negotiate an end to his 37-year-long reign.
The EPFO pays rate of return to its subscribers on the basis of returns it generates from its investments.
Rediff reader Rajeev Mehta, 55 from Chandigarh tells us about his first job and salary.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
HR Guru Mayank Rautela offers practical advice.
Anil Rego, CEO of RightHorizons, will answer your financial planning queries.
In an era of falling interest rates, major trade unions on Friday pitched for restoring 12 per cent return on small savings schemes
The tax rate rises to 10 per cent, 15, per cent, 20 per cent and 25 per cent for every Rs 2.5 lakh addition. A 30 per cent tax is charged for income over Rs 15 lakh.
In an online chat with Rediff.com readers, personal finance expert Anil Rego answered queries about the new tax regime announced in the Union Budget.
In an online chat with Rediff.com readers, G Srikanth, partner, GSV Associates, chartered accountants, Chennai and member of the Institute of Cost and Management Accountants, answered queries about the new income tax proposals mooted in the Union Budget 2020-2021.
The Budget proposed abolishing the under-performing, authority of advance ruling, to replace it with a two-member board of advance ruling.
An employee should always keep his bank account active inorder to claim PPF after he joins a new office.
The second edition of the Virat Kohli-backed Indian Sports Honours were held on Friday in Mumbai where the top performers in 17 sporting disciplines were felicitated.
Did you know that your EPF contribution also goes towards insuring you, giving you and your spouse a pension apart from giving you a lump sum amount after retirement?
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Last week, the Ministry of Labour and Employment suspended the second in command in EPFO's Hyderabad office.
Private firms will have to maintain a minimum net addition to their workforce each month from October this year to June 2021 to get the Employees' Provident Fund subsidy for the new recruits.
FM's proposal came under immediate attack from various employees unions
Deputy Superintendent of Police Ramaswamy Parthasarathy, who arrested Chidambaram in the INX Media case last year, has been conferred with the President's Police Medal for Distinguished Service.
To help revive the economy battered by COVID-19, Finance Minister Nirmala Sitharaman on Monday announced a slew of measures, including Rs 1.1 lakh crore credit guarantee scheme for improving health infrastructure, and enhancing the limit under the ECLGS by 50 per cent to Rs 4.5 lakh crore for the MSME sector facing liquidity crunch. Sharing the details of stimulus package, the finance minister said this comprises eight relief measures and other eight measures to support the economic growth. She announced Rs 1.1 lakh crore loan guarantee scheme for COVID-affected sectors, including health sector, which includes guarantee cover for expansion or for new projects. Besides, she said, additional Rs 1.5 lakh crore limit enhancement done for Emergency Credit Line Guarantee Scheme (ECLGS) scheme.
