A bench comprising Chief Justice Uday Umesh Lalit and S Ravindra Bhat fixed the plea for final disposal on September 9.
EPFO has an ambitious plan to settle the claims within few hours after filing of application
The government has approved payment of 8.75 per cent rate of interest on PF deposits in 2013-14 for over five crore subscribers of retirement fund body EPFO.
While looking to give a boost to the mutual fund sector with some contribution from about Rs 5.5 lakh crore (Rs 5.5 trillion) corpus being managed by Employee Provident Fund Organisation, Sebi feels that age restrictions would safeguard investors from 'unnecessary risks' during years closer to their retirement.
The EPFO pays rate of return to its subscribers on the basis of returns it generates from its investments.
Reliance Group chairman Anil Ambani on Friday resigned as director of Reliance Power and Reliance Infrastructure, following markets regulator Sebi order restraining him from associating with any listed company. "Anil D Ambani, non-executive director, steps down from the board of Reliance Power in compliance of SEBI (Securities and Exchange Board of India) interim order," Reliance Power said in a BSE filing. In a separate filing to the stock exchange, Reliance Infrastructure said that Anil Ambani has stepped down from its board "in compliance of SEBI interim order".
The government must send out a clear signal that leadership positions at regulatory bodies are not a preserve of retired government officials, argues A K Bhattacharya.
'Unlike on the western and eastern borders where there is an enemy at the gate, here there is an invisible enemy which is building its own capability and can come into play at a time and place of his choosing.'
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The facility for viewing PF accounts online was launched here by Labour Minister Sis Ram Ola in the presence of Minister of State for Labour and Employment Kodikunnil Suresh and EPFO's Central Provident Fund Commissioner K K Jalan.
'It could tempt investors to pick stocks that are not fundamentally sound.'
'Not giving the Commission space in Mumbai is an insult to Maharashtra's Dalits who are waiting for the inquiry report.'
Exposure to debt funds and gold is essential even if current returns from these asset classes are low, suggests Sanjay Kumar Singh.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The average wealth expectancy of those in India with enough disposable income to save and invest is just Rs 3.6 crore and this would give them Rs 93,000 per month to live during retiremen. On an average, this would give the affluent class Rs 93,000 to live on per month during retirement, which is less than both their current income and wealth aspirations.
A combination of ELSS or PPF with a term plan offers better coverage and returns
Shareholders of Reliance Industries have approved the appointment of Saudi Aramco Chairman Yasir Al-Rumayyan on the company board, with less than 2 per cent of votes cast against the proposal. Disclosing the results of shareholder votes on the appointment, Reliance in a regulatory filing said 98.03 per cent of votes were cast in favour of the resolution to appoint Al-Rumayyan for three years. As many as 10.89 crore shares or 1.96 per cent voted against the resolution, while 3.23 crore votes were declared invalid due to lack of proper authorisation, it said.
Unlike the Mughal emperor's monument that is a popular tourist destination, Faizul Hasan Qadri wants his Taj to remain just a shrine of his love for his wife.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Retirement fund body EPFO is all set to start online transfer of provident fund accounts in the first fortnight of October, a move that will benefit over 13 lakh applicants every year.
The government on Wednesday announced the appointment of veteran banker K V Kamath as chairperson of the newly set up Rs 20,000 crore development finance institution NaBFID to catalyse investment in the funds-starved infrastructure sector. Parliament had in March cleared the National Bank for Financing Infrastructure and Development (NaBFID) Bill 2021 to support the development of long-term non-recourse infrastructure financing in India, including the development of the bonds and derivatives markets necessary for infrastructure financing.
Business Processing Outsourcing (BPO) and Knowledge processing Outsourcing (KPO) firms are covered by the retirement fund body EPFO, Parliament was informed.
The new owners of Air India will have to retain all the employees of the national carrier for at least one year post which they can offer a VRS. The gratuity, pension fund and post retirement medical benefits of existing and past employees too would be honoured by the new owner, civil aviation secretary Rajiv Bansal said. Tata Sons has emerged as the winning bidder for Air India with the government accepting its Rs 18,000 crore offer to acquire 100 per cent of the debt-laden state-run carrier.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
While some trade union leaders have welcomed the move, industry has opposed it, fearing an increase in its wage bill
Jyoti 'Jay' Chaudhuri, general counsel and senior adviser to the state treasurer of the US state of North Carolina, was elected chairman of the board of the Council of Institutional Investors, last month.
as journalists active in Pakistani media have been quick to point out, with Ghafoor at the helm in Balochistan, no one will take seriously any claims by the civilian leadership to use the velvet glove to work for peace there, points out Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.He did not hesitate to pejorate developments in India at the slightest opportunity, points out Rana Banerji, who headed the Pakistan desk at the Research and Analysis Wing, India's external intelligence agency.
When you are in your 20s and early 30s, you have the biggest asset to your credit -- time. By starting to invest during the early stages of your career, you get a lot of time to research, learn, and achieve, advises Ayan Nagpal.
Look at the pros and cons of both the options and take a decision yourself!
Part of funding for 9/11 attacks in the United States had originated from India, according to a former top police officer Neeraj Kumar, who has based his claim on the "revelation" made by a terrorist.
The Employee Provident Fund (EPF) contribution should no longer be restricted to 12% of basic and dearness allowance, according to a recent circular.
Here's how EPF stacks against other investment options
The meeting has been called as the Finance Minister P Chidambaram did not extend a March 31 deadline for the trusts to get regular tax exemption through the Employees' Provident Fund Organisation.
The Finance Audit and Investment committee recommended 8.95% interest.
The filing of online provident fund accounts transfer claims on changing jobs for subscribers of the retirement fund body EPFO has become a reality now.
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