In Chanda's defence, one can always say, why would the Videocon Group take care of her husband as a quid pro quo to get a loan? After all, the group has taken money from the entire banking industry and ICICI Bank's share in the pie is not even 10 per cent. So, if it had a quid pro quo with Chanda to get the money, it must have had similar arrangements with other banks, too. If this is not the case, one must accept that it had got money from all banks, including ICICI, without any under-the-table conditions, points out Tamal Bandyopadhyay.
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.
A notification by the MHA said a trust by the name 'Shri Ram Janmbhoomi Teerth Kshetra' has been registered with its registered office at R-20, Greater Kailash Part-1, New Delhi, 110048. The ministry also said as directed by the SC, the UP government has already issued the allotment letter of a five-acre plot to the Sunni Central Waqf Board for construction of a mosque.
A 5-judge Constitution Bench headed by Chief Justice Ranjan Gogoi, in its historic verdict delivered on a court holiday, held that the lawsuit of the deity was "within the period of limitation" and granted the title decree in its favour.
Retirement fund body EPFO will cut exposure in corporate bonds and park more funds in the secure government securities.
The finance ministry had last year notified a new investment pattern for EPFO.
EPFO is managing a corpus of Rs 6.5 lakh crore.
An open letter written by women employees of KFA alleged that the company did not pay salaries
The SIT clicked photos and shot videos of the suspected places to examine the nature of the crime again.
The members of these trusts enjoy tax and other benefits at par with EPFO subscribers.
Since the RBI is the 'lender of the last resort', as per terms of arrangement, Yes Bank would have to exhaust immediate liquid assets before accessing this fund.
A part of Rs 6.5 lakh cr corpus may be used to set up Workers' Bank.
Labour Ministry has notified new investment pattern for EPFO.
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.
Union Minister Ramvilas Paswan on Thursday criticised the decision taken by authorities at the Somnath temple in Gujarat to restrict entry of non-Hindus inside, sans permission, and stated that the Central government has never supported any discrimination on the basis of religion.
The decision will benefit over nine crore such account holders having total deposit of around Rs 32,000 crore.
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.
Six firms have qualified for managing EPFO funds.
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).
'There is no question of diverting funds. This government is pro-poor, pro-worker and pro-progressive.'
Two elderly Chinese aerospace experts are hospitalised after a violent attack by a 'Princeling', states Jayadeva Ranade, the distinguished China expert and retired RA&W officer, highlighting the power the 'Princelings' ironically hold in the Communist People's Republic.
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."
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.
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.
While being the all important member of the BJP's parliamentary board, Kumar is often regarded as the "Delhi face" of the Karnataka BJP and also for the state government who could be counted upon for taking issues concerning Karnataka.
A six-time member of Parliament, Kumar had climbed the political ladder steadily from being an Rashtriya Swayamsevak Sangh worker to be the Union minister in his thirties.
A formal sector worker can contribute towards pension scheme till the age of 58.
Togadia said he would go on an indefinite fast from Tuesday to push the Hindutva cause.
The VHP leadership notes that 'ghar wapsi' wasn't something started after the Modi govt took over. Archis Mohan reports
Deposits of Rs 3 lakh are "justified" if a person has an annual taxable income of Rs 10 lakh and the tax department will "not touch" him.
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
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.
Here's how EPF stacks against other investment options
The rest 25% would be paid to the subscriber at the age of 58.
Till he took over, political parties ferrying people to the polling stations was considered quite 'normal', and it was during Seshan's stint that it became impossible with the model code being made sacrosanct.
'EPFO's investments this financial year should be Rs 1 lakh crore'
"I do not want India to be an economic superpower. I want India to be a happy country." - JRD Tata
Trust explores options on reinduction of ousted founder on board as firm closes ranks.
'The rate of interest from the EPF is still attractive compared to the rates on fixed deposits, National Savings Scheme, Public Provident Fund...'
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