'I am not envious of those who are making millions. It's their era and I had my era.'
The timing of these transfers, while being projected as routine, is significant in both strategic and political terms, asserts Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Usain Bolt is running in a new direction, as the Jamaican sprinting champion became a co-owner of Irish esports organization WYLDE on Wednesday.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Under the proposed scheme, there will be tripartite agreement with member, bank/housing agency and EPFO for pledging future PF contributions as EMI payment.
Net new enrolments with retirement fund body EPFO grew by nearly 20 per cent to 12.37 lakh in February compared to the same month in 2020, according to the payroll data released on Tuesday, providing a perspective on formal sector employment amid the coronavirus pandemic. The provisional payroll data of EPFO highlights a growing trend with the addition of 12.37 lakh net subscribers during the month of February, 2021, a Labour Ministry statement said. The data reflects growth of 3.52 per cent in net subscribers addition in February 2021 over January 2021.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The EPFO started investing in ETFs in August last year after the CBT in March cleared proposal to invest in equity markets.
Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral free automatic loan for businesses, including MSMEs, to benefit 45 lakh small businesses. Detailing parts of the Rs 20 lakh crore economic stimulus package, she said this loan will have a 4-year tenure and will have 12-month moratorium, she said.
The move can help mop up about Rs 1.2 lakh every day for the purpose.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
All those years of contributions not adding up to a big reward definitely makes the scheme unappealing.
Whilst substantive public allocations have been made in the infrastructure sector, this strategy is plateauing due to the fiscal deficit constraint, capacity limitation of statal implementing agencies, the declining ability of PSUs, and the precarious situation of the Railways' operating ratio. It is, thus, high time to get the policy compass to point at rejuvenating private sector investments in infrastructure, says Vinayak Chatterjee.
EPFO is also contemplating providing permanent or universal account number to it all active members by October this year.
As per the EPFO income projections, retaining 8.8 per cent rate of interest for the current fiscal would have left a deficit of Rs 383 crore. Hence, it was lowered to 8.65 per cent
In the context of market integrity, the IRAI and RBI should go over the minutes of the LIC and SBI board meetings when the decisions to invest in Adani equity or debt were taken, notes Jaimini Bhagwati, former World Bank treasury professional.
Tata Group-owned Air India CEO Campbell Wilson on Saturday apologised for a flyer urinating on a fellow female passenger on a flight from New York in November, and said four cabin crew and a pilot have been de-rostered and the airline is reviewing policy of serving alcohol on flights.
Facing flak over its decision to impose tax at the time of withdrawal on 60 per cent of the contributions to Employees' Provident Fund, the government on Tuesday clarified that only interest accrued on 60 per cent contribution to EPF after April 1, 2016 will be taxed.
'After some time, they all want to know what is happening in their companies.' 'It is better they remain board members rather than talk outside.'
Anil Rego, CEO of RightHorizons, will answer your financial planning queries.
Modi denies the charges and was exonerated in an Indian Supreme Court inquiry in 2012.
Once the iconic red-brick building of British India Corporation (BICL), which manufactured the popular "Lal-Imli" brand of woollen products, made Cawnpore (now Kanpur) the Manchester of the East. In the 75th year of independence, the government may finally pull the curtains on the century-old, now defunct public sector enterprise. "The Department of Public Enterprises (DPE) has floated a draft cabinet note for closure of British India Corporation (BICL) along with National Textiles Corporation (NTC). "The Cabinet may soon tak
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
If the government decides to go back to the old regime where the EPF was not taxed but the NPS was, the latter will become an unattractive product.
The finance ministry had last year notified a new investment pattern for EPFO.
Billionaire Mukesh Ambani for the second year in a row drew no salary from his flagship firm Reliance Industries in the last fiscal as he voluntarily gave up remuneration in light of the pandemic hitting the business and economy. In its latest annual report, Reliance said Ambani's remuneration for the financial year 2020-21 was "nil". In June 2020, Mukesh D Ambani, chairman and managing director of Reliance Industries, voluntarily decided to forego his salary for the year 2020-21, in light of the COVID-19 outbreak in India, which exacted a huge toll on the societal, economic and industrial health of the nation.
If you have recently been laid off or are worried that your neck may be in the line, it is natural to be worried about your finances. But worrying, as you know, will not get you anywhere. Here are some tips about what you can do to keep the boat from rocking and keep your CIBIL score intact while doing so.
Employees covered under private PF trusts, which manage retirement fund of their workers themselves, will be able to transfer their PF accounts online from next month.
Rajapaksa fled the country and resigned last month in the face of a popular uprising against his government for mismanaging the island nation's economy.
This senior cop who deposed in such detail about the Elgar Parishad, however, claimed to know nothing about the opposition to it from organisations such as Milind Ekbote's Samastha Hindu Aghadi as well as Pune's then Mayor Mukta Tilak.
'Jack', 'John' and 'Alpha' were among the National Investigation Agency's protected witnesses who helped nail banned Jammu and Kashmir Liberation Front chief Yasin Malik.
IMAGES from Day 1 of all the action from the Wimbledon Championships played at the All England Lawn Tennis and Croquet Club, London, on Monday.
In May, EPFO received deposits of Rs 6,500 crores (Rs 65 billion) which, is 200 crores more than what was received in April this year.
The report mentioned that the government spends 2.2 per cent of the GDP on pension bill.
The Supreme Court on Friday said there should be a robust mechanism to ensure that the interests of Indian investors are protected in the stock market and sought views of the Centre and market regulator SEBI on PILs alleging exploitation of innocent investors and "artificial crashing" of the Adani group's stock value.
Finance Minister Nirmala Sitharaman on Thursday announced a new job creation scheme by giving subsidy to those establishments that make new hires. The subsidy would be to cover for retirement fund contributions by employees as well as employers for two years, she said. Employees contribution (12 per cent of wages) and employer's contribution (12 per cent of wages) totalling 24 per cent of wages would be given to establishments for two years, she said. Under the Aatmanirbhar Bharat Rozgar Yojana, every Employees' Provident Fund Organisation (EPFO)-registered establishment taking new employees would get this subsidy.
The pension fund managers distribute products under the National Pension System.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
EPFO has verified or attested 64.67 lakh Aadhaar numbers.
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