Experts say it's better to transfer the amount to one's current EPFO account than opting for a withdrawal.
Here's the full text of President Ram Nath Kovind's customary address to the joining sitting of Parliament on the first day of the budget session.
Recpaitalising banks through taxpayers' money will not solve the NPA problem.
The PNB fiasco falls into a family line that involves non-fund limits - read contingent liabilities which are off-books. Harshad Mehta did it with bankers' receipts in 1992. Ketan Parekh exploited the ignorance of bankers who did not know the difference between a cheque and a pay-order. And the RBI blinked when it failed to insist the SWIFT platform be linked to the core banking solution. Raghu Mohan & Abhijit Lele trace the banking mess that was just waiting to happen.
Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
The failure to reform has meant that there is no buzz about job opportunities, or about urban opportunities enticing young people off the farms. And it is this failure that has contributed to the widespread disappointment that threatens to make the next general elections closer than expected, says Mihir S Sharma.
Tamal Bandyopadhyay offers some unsolicited advice for a government wh,ich came to power, with brute majority and the nation's pragmatic chief money man.
Modi said there were a slew of 'matching priorities' between the business council and that of his administration, including dismantling trade barriers, promoting skills development, establishing manufacturing supply chains and infrastructure development.
People are steadily pulling the prime minister off the pedestal where they once placed him, which prompts Karan Thapar to ask if there's a change in the political temperature.
Diageo, the world's largest distiller, has been focusing on compliance at United Spirits Ltd (USL) after its acquisition of a controlling stake in India's largest spirits maker.
Does the Union government or the RBI see itself as Krishna beheading Shishupal and what will constitute the 101st or indeed the past many sins for which a Sudarshan Chakra will have to be used? More importantly, what are those sins?
Making it easier for companies to raise funds through genuine equity or debt offers, Sebi unveiled a slew of measures to bring to book those running illegal money-pooling schemes and indulging in other fraudulent activities.
"I invite each one of you to become a partner in India's growth story. And once again assure you of our wholehearted support."
Similarities between NDA and UPA on some key policy issues are now becoming too stark to be ignored, says A K Bhattacharya.
A general election looms next month just as two cases involving Tamil Nadu Chief Minister J Jayalalithaa enter a crucial phase, says N Sathiya Moorthy.
Promoters of world's cheapest smartphone refund customers' money, close fresh bookings
Here are five things that fraudsters are likely to say or do that should set the alarm bells ringing in your head.
There cannot be a 'blanket ban' on media reporting on cases of rape and sexual abuse, it said.
Spare the serious entrepreneurs but don't allow the rogues to use the shield of secrecy, writes Tamal Spare the serious entrepreneurs but don't allow the rogues to use the shield of secrecy, says Tamal Bandyopadhyay.
Here are 15 things that would have made 2015 a great year.
Congress charged the entire BJP and the government with "aiding and abetting" Lalit Modi, a fugitive.
"India has become the fastest growing major economy in the world. Despite the global slowdown, we have registered excellent growth. Today, India is a bright spot in the global economy. We are seen as the engine of global growth," he said.
Headed by Urjit Patel, MPC for the fourth straight time kept the repo rate unchanged, at which it lends to the banks, at 6.25 per cent. The reverse repo, at which RBI borrows, will be 6 per cent.
'The macro-economic stresses -- high interest rates, rupee depreciation and capital flows -- have receded now.' 'Interest rates have come down, inflation is down and the rupee has bounced back.' 'If oil prices continue at this level, there will be no vulnerability.' 'Growth is a different story.'
The television channel is in hot water for not having made a public announcement in 2009 of a 'change of control' of the company.
When it came to his cross examination by Sanjeev Khanna's lawyer Niranjan Mundargi, Imtiaz Shaikh appeared to be afflicted by that peculiar gap-in-one's-memory or Choosy Memory Syndrome with his recall of other dates in his life, except those directly related with the murder, shaky or non-existent.
The economists, who were surveyed, also felt it will take time for banks to make any further reduction in deposit rates
'GST had to come close on the heels of demonetisation as part of the same package.'
In yet another step to attract foreign money, the Reserve Bank of India (RBI) has allowed non-resident investors to acquire shares of listed Indian companies through stock exchanges under the foreign direct investment (FDI) scheme.
The Indian economy was on an impressive growth path through the first decade of this century till it was brought to an abrupt halt by the policy inertia during UPA2 and the Modi government's inability to restore economic and financial momentum. Fascinating glimpses of what went wrong from Puja Mehra's must-read book The Lost Decade: How India's Growth Story Devolved Into Growth Without A Story.
The Union Health ministry put the number of positive cases at 82, eight more since Thursday night, which includes the woman and a 76-year-old man from Karnataka who became the country's first coronavirus fatality besides 17 foreign nationals, Health Ministry officials said.
The RBI expects change, presumably commencing in the next Budget, but must hold its current view until this actually happens.
'Modi as the PM of the country has to take everybody on board and deliver on good governance. That is his responsibility. In that talking alone won't help, he's working.' Commerce Minister Dr Nirmala Sitharaman tells Sheela Bhatt/Rediff.com how the Modi government plans to change India.
The high court verdict on AIADMK chief J Jayalalithaa's disproportionate assets conviction appeal just got delayed, says N Sathiya Moorthy
'Modi has shown political courage by instituting several economic reforms which include demonetisation, ushering in GST, eradication of benami transactions...'
It sets up internal panel to iron out issues companies face with delisting regulations.
The Modi government's array of economic policy has been impressive.
Chinese govt has itself to blame for first trying to slow down the property market and later propping it up.
'It was the Supreme Court's order (recommending changes in the SC/ST Act).' 'Isn't it wrong not to accept even the court's order?' 'Are you bigger than every institution?'
IndiGo is arguably more a financial services company than airline.
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