In a setback to the ruling Bharatiya Janata Party-Balasahebanchi Shiv Sena combine in Maharashtra, the Opposition Maha Vikas Aghadi-backed candidates clinched two of the five legislative council seats which were up for grabs in biennial elections from teachers and graduates segments, and appeared poised to bag a third seat also.
Ex-servicemen on Saturday protested against the delay in issue of official notification by the government to 'one rank one pension' scheme as announced by Defence Minister Manohar Parrikar in September.
The government had earlier stipulated documents such as PAN card, matriculation certificate, passport, CGHS card and driving licence as proof of age for old pensioners.
BJP president J P Nadda on Sunday promised Uniform Civil Code (UCC) and 33 per cent reservation for women in government jobs in Himachal Pradesh while releasing the party's manifesto for the state assembly polls.
The self-employed should invest in the National Pension System, a government-backed, low-cost retirement avenue where they can choose the mix of debt and equity that is right for them.
Mutual funds are set to bag a huge chunk of the nearly Rs 3,05,000 crore cash reserves of the public sector companies.
Private sector has continued to look at outsourcing and offshoring, despite government's measures.
The government on Tuesday said it is not formulating any policy for implementing 'One Rank One Pension Scheme' for paramilitary forces.
RK Dhowan stressed that OROP has been a "priority area" and the issue has been taken up with the ministry.
EPFO has an ambitious plan to settle the claims within few hours after filing of application
In a bid to enhance its equity exposure and earn higher returns for its nearly 65 million subscribers, the Employees' Provident Fund Organisation (EPFO) is considering reinvesting 50 per cent of its exchange-traded funds (ETFs) redemption proceeds back into equity. Sources close to the development said a proposal regarding this was discussed in the investment committee (IC) meeting in October last year, and the recommendation has been sent to the Central Board of Trustees (CBT), the apex decision-making body of the EPFO for its approval. The next CBT meeting is scheduled to be held on Saturday.
Have the markets already played out their dynamics before the economy has even properly taken off? Are we now destined for a period of mediocre returns despite a strong economy? asks Akash Prakash.
The defence budget was on Thursday increased to Rs 6.21 lakh crore for 2024-25 in a modest hike of 4.72 per cent from last year's allocation of Rs 5.25 lakh crore amid India's continuing border row with China in eastern Ladakh as well as concerns over evolving security situation in the strategic waterways.
The top court granted liberty to ex-servicemen association to file an application, if they feel aggrieved by any action of the Centre on payment of arrears of the OROP.
SBI Q3FY24 result review: A higher-than-factored weakness in the October-to-December quarter (Q3) results of State Bank of India (SBI), for financial year 2023-24 (FY24), has prompted brokerages to cut earnings estimates for the ongoing financial year. They, however, have maintained 'Buy' ratings on the stock, revising target price upwards in some cases, owing to the stock's recent underperformance relative to its peers.
A decision on the interest rate for close to 60 million active subscribers of the Employee Provident Fund Organisation (EPFO) is likely to be taken in the next Central Board of Trustee (CBT) meeting, starting on March 25. A letter from the social security organisation regarding the convening of the 233rd CBT meeting was sent to all the board members last week, soliciting their presence in the meeting. Although the venue and the agenda haven't been drawn out yet, sources familiar with the matter say that the interest rate is unlikely to go below 8 per cent level amid a rising interest rate scenario across the globe.
Going by Himachal Pradesh's "riwaj", or tradition, it should be the Congress' turn to form the next government.
Fresh formal job creation cooled for the second consecutive month to decline to a six-month low in September, signalling a downturn in the labour markets this financial year. The number of new monthly subscribers under the Employees' Provident Fund (EPF) declined by 6.45 per cent to 891,583 in September from 953,092 in August, shows the latest payroll data released by the Employees' Provident Fund Organisation (EPFO). Besides, the net payroll additions -- calculated by taking into account the number of new subscribers, the number of exits, and the return of old subscribers -- increased by 14.9 per cent to 1.72 million in September from 1.49 million in August.
Congress Vice President Rahul Gandhi backed the long-pending demand of 'One Rank, One Pension' for former servicemen assuring them that he will make all efforts to ensure it is met at the earliest.
It is not clear at this stage whether Tata will take up the government's offer of taking a 25 per cent stake in the business.
Finance Minister Nirmala Sitharaman on Thursday announced a Rs 11.11 lakh crore spending on infrastructure and vowed to continue reforms as she resisted resorting to populist measures in Modi government's last Budget before general elections, instead choosing to stay on the path of cutting deficit while bolstering measures for focus groups.
More than 95 per cent people are benefiting from pension after the implementation of OROP, Parrikar said.
Prime Minister Dr Manmohan Singh has called for speedy implementation of various welfare schemes, which target the weaker sections of society.
It is a trend that economists and researchers say might continue. The data shows the share of this age group in the net EPF accounts created - a proxy for net new formal jobs created - fell from 37.9 per cent in 2018-19 to 24.1 per cent in 2021-22.
Now that the National Pension Scheme offers more choices than the Employees Provident Fund, is more transparent and also allows to choose the level of allocation to equities as investors like, should one switch to the NPS?
Ask rediffGURU and tax expert Mihir Tanna your income tax-related questions.
The union has been demanding appointment of staffs, implementation of proper pension scheme, opposing the idea of one delivery point and one post office system of the government, Union general secretary M Krishnan told reporters in New Delhi on Tuesday.
Charging the Indian Banks Association with going back on its commitments to the employees on increasing their wages and introducing a pension scheme, CPI leader Gurudas Dasgupta said he apprehended "prolonged confrontation" which would put the entire financial system in jeopardy.
The Sena and Shiv Sena-Uddhav Balasaheb Thackeray labelled each other gaddar (traitor) after Shinde's rebellion split their original party last year, while Deputy Chief Minister Devendra Fadnavis publicly asserted he had exacted revenge on Thackeray for his betrayal.
According to insurers, the premium is quite low, claims are very high.
The economists who signed the letter included Jean Drze , Abhijit Banerjee, Ajit Ranade, Jayati Ghosh, Kirit Parikh, Mihir Shah, Rohini Pande, and Vijay Joshi
Batting great Sachin Tendulkar has called on the Board of Control for Cricket in India to recognise the Cricket Association for the Blind in India (CABI) and bring its players under the Board's pension scheme.
Ask your HR department for details about the fund, trustees and returns
Expatriates working in India and some Indians working abroad for an Indian employer are required to make mandatory contributions to the Indian government's statutory provident fund.
Draft report wants commissions phased out by 2011.
Financial planning expert Vetapalem Sridhar's advise on how the young should plan their investments.
Here's how you can plan your returns better by investing in mutual funds and the best mutual funds to invest in.
Public-sector banks, which are the largest employers in the banking space, have seen a drop in clerical staff over the years.
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