The meeting of Central Board of Trustees is likely to be stormy on Thursday with both right and left wing trade unions making up plans to demand at least 9.5 per cent EPF rate
The EPFO is now developing a software that will help show retirement savings in cash and ETFs components separately. At present the account only shows the savings as gross cash component.
Detecting frauds worth about Rs 1 crore in claims settlement across the country, Employees Provident Fund Organisation on Wednesday decided to set up a fact finding team to investigate into the matter as part of efforts to prevent such misdemeanours.
A sub-committee of the country's biggest provident fund, EPFO, is believed to have recommended slashing of interest rates to 8% for its 3 crore subscribers, even as some trade unions pitched for hiking the rate to 12%.
The Central Board of Trustees of Employees Provident Fund Organisation on Tuesday approved a scheme allowing subscribers to withdraw up to 90 per cent of the accruals to invest in Varishtha Pension Bima Yojana.
The UPA government's decision to ensure a minimum pension of Rs 1,000 a month under the retirement fund body EPFO's scheme, which will immediately benefit 28 lakh pensioners, is going to be a reality soon.
Cities, roads, stations rechristened in the time of Modi.
EPFO had started investing ETFs in August last year.
At present, the EPF subscribers are exempted from paying income tax on deposits.
'Rather than encouraging transparency, the opacity of electoral bonds adds to the murkiness,' argues Amit Tandon.
The Central Board of Trustees of the Employees Provident Fund on Tuesday unanimously decided to defer a decision on the rate of interest on EPF till July 20.
Ram Janmabhoomi Nyas was formed by the members of the VHP on December 18, 1985, with the aim of constructing a grand temple at Ram Janmabhoomi in Ayodhya.
'We are not going to judge you on your outward appearance,' Gretchen Carlson, who was Miss America in 1989, said.
The Union Labour Minister Sahib Singh Verma said on Friday that he would soon make public the names and other details of the major provident fund defaulters.
Verma, who till recently was strongly opposed to any cut in EPF rates, however, appeared to have softened his stand as he cited the current lower interest rate regime in the country.\n\n\n\n
The over 3.2 crore subscribers to the provident fund may get a lower 9 per cent interest from April instead of the prevailing rate of 9.5 per cent.
On August 26, the Bombay HC had lifted the ban imposed on women from entering the inner sanctum of Mumbai's Haji Ali Dargah.
Sebi pointed out instances of misleading the investors by reporting incorrect data on investor complaints, instances of inappropriate utilisation of funds meant for investor education, such as spending on programmes meant for financial advisors, charging of expenses to the said funds for stationery items such as notebooks, planners and calendars, and charging of expenses without adequate records.
The crucial meeting of the Central Board of Trustees will be held in New Delhi on Saturday to decide on the interest rate on Employees Provident Fund
Labour Minister Sahib Singh Verma said on Monday that he will try to maintain the present interest rate of 9.5 per cent on Employees Provident Fund for 2003-04.
'These were great people who lived and died attempting to create a world of love, compassion and understanding, and not one of hate, prejudice and competition,' says Arun Gandhi, the Mahatma's grandson.
A single burger served up in Dubai during a charity auction has fetched Rs 4.4 lakh ($7,000), breaking the record for highest price paid for the fast food.
Retirement fund body EPFO will cut exposure in corporate bonds and park more funds in the secure government securities.
The EGM would discuss deleting various Articles pertaining to transfer and acquisition of the company's shares, including 'Right of First Refusal' and ' Tag Along Right', in the company's Articles of Association.
Amartya Sen was the other Presidency alumni to win the Economics Nobel. Banerjee won the 2019 Nobel Economics Prize along with two others - his wife Esther Duflo and Michael Kremer on Monday "for their experimental approach to alleviating global poverty."
The Major Ports Authority Bill, 2020 was passed through ballot votes in the Rajya Sabha on Wednesday with 84 votes in its favour and 44 against it. The Lok Sabha had passed the bill on September 23 last year.
Refusing to be drawn into a point by point clarification of Mistry's letter, the company said: "It will be beneath the dignity of Tata Sons to engage in a public spat with regard to the several unfounded allegations appearing in his leaked confidential statement."
The National Green Tribunal on Thursday issued notices to the Centre, the Delhi government, the police chief and Asaram Bapu's trust on a petition seeking direction to demolish an alleged illegal 'ashram' constructed by the self-styled godman in the ridge area in New Delhi.
There has been demand to hike the PF interest rate to 8.90 per cent.
The 15% invested every month in equity would be allotted to subscribers in the form of units.
