The two major railway unions have proposed to the government an unprecedented alternative to privatisation or inviting foreign investment, to help raise funds and improve revenue.
Non-government provident funds have been allowed to invest five per cent of their assets in blue-chip shares and 10 per cent in corporate debts and equity-oriented mutual funds from April 2005.
Individual banks should break away from the industry pact and have their own settlements with the unions, recommends Tamal Bandyopadhyay.
The Central Board of Trustees of the EPFO will meet on Friday to decide on the setting up of separate agencies for recovery of arrears and audit, and the rollover of interest of the IFCI.
Leading up to the International Women's Day on March 8, this is the first of a four-part series that talks about how women can invest to achieve their long-term financial goals.
'Premature lifting of the lockdown will spread the disease from asymptomatics, and those undetected, to the whole community, ushering in prolonged misery, preventable and avoidable deaths, famine and social unrest,' warns Dr Debashish Danda.
While Chanda Kochhar got a pay of Rs 2.66 crore, Arundhati Bhattacharya took home only Rs 28.96 lakh
When Khayyam talked about his favourite singer, the song he can never forget and the film that won him the National Award.
Employees' Provident Fund Organisation has been allowing members to contribute more than mandatory amount towards their pension account.
Failure to deliver on governance, corruption allegations, preoccupation with Lok Sabha and gram panchayat polls and factionalism have weakened Siddaramaiah's government in Karnataka. This may well hand the BJP a chance to make a comeback in the state, says Raghu Krishnan.
In May, EPFO received deposits of Rs 6,500 crores (Rs 65 billion) which, is 200 crores more than what was received in April this year.
The government on Tuesday said PPF will not be taxed on withdrawal and only the interest accrued on contributions to employee provident fund made after April 1 will be taxed.
The Finance Ministry has given its consent to the EPFO to invest from 5 per cent to 15 per cent of the investable income of the organisation every year.
Besides managing retirement funds, EPFO may come out with a scheme to provide housing to its over 5 crore (50 million) subscribers on additional contribution of 10 per cent by them from their basic wages every month.
The Finance Ministry has been pitching for EPFO funds to be invested in the equity markets to maximise their yields.
Centre took Rs 1,002 bn from here in 2017-18, sharply up from Rs 904 bn a year before and Rs 123.6 bn in FY14
Business Processing Outsourcing (BPO) and Knowledge processing Outsourcing (KPO) firms are covered by the retirement fund body EPFO, Parliament was informed.
The completely avoidable mess that the finance ministry found itself in was rather surprising, says Debashis Basu.
CEA offers three compelling arguments in his case for privatisation of government-owned banks.
'The reason is that you may not enter the branch but you want to see it near you as it establishes trust.'
Puri earned a salary of Rs 7.39 crore in FY15, up 21.74% from last year
Urimai Kural, part of the Gram Vaani community radio station that spans 15 states, serves as a much-needed helpline for harassed garment factory workers.
The Centre on Monday told the Supreme Court that securing Aadhar cards, being issued by Unique Identification Authority of India (UIDAI), was optional and it has not made it mandatory for the citizens.
Modi said these steps exemplified his government's approach of 'minimum government and maximum governance'.
'MFs have a combined exposure of Rs 3.2 lakh crore to NBFCs, out of which Rs 1.1 lakh crore matures by September 2019.'
Few in Zimbabwe dared to anger 'Gucci Grace' as Grace Mugabe was called. Robert Mugabe's wife was ruthless and terrifying, and her ambition clearly provoked the army's coup on Wednesday.
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Fund managers will be given more flexibility to invest in corporate bonds.
FC Pune City maintained a clean sheet by recording their second consecutive win with a solitary goal victory over NorthEast United in an Indian Super League football match on Friday.
Praising Delhi Chief Minister Arvind Kejrival for some of the work he has done, Infosys Executive Chairman N R Narayana Murthy on Thursday said the Aam Aadmy Party leader needs to be reasonable with business.
Out of around 80 million accounts that were analysed, there were 10 million records with only names and no other details about the subscribers, including their date of joining, date of birth and father's name, among others, in the EPFO's records.
India has become world's 2nd largest mobile phone: Modi
Modi said the ease of doing business ranking improved because the government initiated reforms to end difficulties in the lives of people.
High rates of such schemes deter banks from dropping borrowing rates - and thus lending rates
As a major contributor to exports, the IT industry has greater responsibility to perform better in view of the huge Current Account Deficit facing India, said N R Narayana Murthy, whose appointment as Infosys Executive Chairman was ratified by shareholders on Saturday.
A part of Rs 6.5 lakh cr corpus may be used to set up Workers' Bank.
These plans aren't likely to put substantial cash in your hands.
India borrows ideas that we don't need, like the FRDI Bill, and ignores the ones we need, like rewarding whistleblowers such as the ones who want to save Bombay Mercantile Bank, says Debashis Basu.
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