The finance ministry had last year notified a new investment pattern for EPFO.
To make sure liquid schemes reflect the underlying portfolio risks, Sebi has said all debt papers with maturity of 30 days or more to be marked to market. Earlier, fund houses didn't have to do so for securities that had less than 60-day maturity.
The rest 25% would be paid to the subscriber at the age of 58.
An open letter written by women employees of KFA alleged that the company did not pay salaries
Being a son of Nehru's dentist is not the only connection that Alvi has with India. He is yet another president whose family migrated to Pakistan from India after partition. His predecessors Mamnoon Hussain's family came from Agra and Pervez Musharraf's parents migrated from New Delhi.
The decision will benefit over nine crore such account holders having total deposit of around Rs 32,000 crore.
15 per cent of startups in Silicon Valley are founded by Indians.
The Supreme Court asked the Sabarimala temple management, "How mensturation is linked to purety?"
EPFO is managing a corpus of Rs 6.5 lakh crore.
CSK is reinventing itself to get rid of the controversies and improve brand value
A good night's sleep helps remove stress and anxiety.
Terms reveal that such premature redemption is allowable on dividend reset dates in case there is no agreement on the dividend rate
Sebi has allowed mutual fund schemes the option of 'side-pocketing' which move will help both fund houses and investors.
Almost 2,000 companies whose private provident and pension funds have invested in non-convertible debentures of IL&FS group firms are staring at the prospect of booking losses to the tune of Rs 9,000 crore or more if the interest income is added.
Hasnain had butchered 14 of his family members and then ended life after a weekend feast on Sunday.
Trust explores options on reinduction of ousted founder on board as firm closes ranks.
The much-awaited minimum monthly pension of Rs 1,000 and a higher wage ceiling of Rs 15,000 for social security schemes run by retirement fund manager EPFO will be implemented from September 1.
With Sundar Pichai becoming the CEO of Google, India has one more reason to cheer its prowess in the global IT sector.
Subra Suresh is one of the only 16 living Americans to be elected to all three national academies, the IOM, the National Academy of Sciences and the National Academy of Engineering.
"There is currently an ICC Anti-Corruption Unit (ACU) investigation underway in relation to the Ajman All Stars League held recently in Ajman, UAE," ACU general manager Alex Marshall said in a statement.
The objective behind the move is to "retain the membership of PF subscribers and to address the social security needs at the time of unemployment."
Ford Foundation, whose financing came under scrutiny in India last year, appears to have received help from John Podesta, chairman of the Clinton Campaign, to resolve the issue for which he is believed to have spoken to Prime Minister Narendra Modi too, according to latest emails released by WikiLeaks.
More and more corporates are appreciating Mahatma Gandhi's books as gifts.
'With his stature as a playwright and actor, Girish Karnad was one of the voices of modernity for not just Karnataka but the entire country.'
The members of these trusts enjoy tax and other benefits at par with EPFO subscribers.
To ensure transparency, the Third Eye Cinema Fund has roped in various agencies as auditors and advisors.
Market regulator in talks with SBI Caps, UTI Infra for scrutiny and auction of properties.
Rama Mohana Rao's son became director of 7 companies after he became chief secretary.
Maitri, which provides free and confidential services to South Asian-American families facing domestic violence, at its 23rd annual gala raised half a million dollars. Ritu Jha reports
Understanding InvITs properly will enable investors to make an informed decision, says V K Bansal.
A part of Rs 6.5 lakh cr corpus may be used to set up Workers' Bank.
Six firms have qualified for managing EPFO funds.
High rates of such schemes deter banks from dropping borrowing rates - and thus lending rates
Sinha says many fund houses not abiding by rules on minimum number of investors, awareness funds
The labour ministry has notified the more flexible investment pattern of 2008 for the Employees Provident Fund Organisation (EPFO), but minus its provision for investment in equity.
The Prime Minister's Office has suggested that EPFO should deploy 15 per cent of its funds as loan for low cost housing saying it would generate a credit flow of Rs 70,000 crore (Rs 700 billion).
Labour Ministry has notified new investment pattern for EPFO.
While study was done before the current boardroom battle began, the findings indicate Tata is no longer viewed as aspirational brand by working professionals.
If the changes being considered by the EPFO become a reality, investors may have to be more active in deciding equity preference and when to withdraw money, reports Sanjay Kumar Singh
