New Delhi: Interest rate on employees' provident fund will be increased to 8.6 per cent for the current fiscal, a move which will benefit around five crore subscribers. "The rates were brought down due to lower income (on investment in Special Deposit Schemes)...There is no question of minimum or maximum interest rates. We distribute it as per our revenue. Next time, it will be 8.6 per cent," Labour Minister Mallikarjun...
08:01 PM, Apr 26, 2012
New Delhi: Government on Thursday slashed interest rate on deposits in Employees Provident Fund from 9.5 per cent to 8.25 per cent for 2011-12 affecting over 4.7 crore subscribers. This cut was proposed by the Finance Ministry and a notification was issued by the Labour Ministry, official sources said. The Employees' Provident Fund Organisation (EPFO) had provided 9.5 per cent interest rate to its subscribers for 2010-11 after it found...
10:48 PM, Mar 15, 2012
Jodhpur: A three-year-old boy is struggling for life at a government hospital in Rajasthan after his alcoholic stepfather put burning cigarettes on his face, beat him up and clawed him in a drunken condition, police said Friday. Sanyam Jain, a resident of Vishala village near Sanchore in Jalore district, was Thursday admitted to the intensive care unit of Ummed Hospital in Jodhpur, some 400 km from state capital Jaipur. He...
03:40 PM, Feb 24, 2012
Kolkata: The Employees Provident Fund Organisation (EPFO) on Wednesday said account details would be available online from July 1. "You can watch the account balance of your PF online from July 1," Assistant PF Commissioner Kanchan Roy said at an interactive session at Bengal National Chamber of Commerce and Industry. "This indeed would be a great help to about 5 crore PF subscribers in India," he said. EPFO plans to...
06:57 PM, Jun 08, 2011
New Delhi: The finance ministry on Thursday approved higher interest rate of 9.5 per cent to over 4.7 crore depositors with the Employees Provident Fund Organisation (EPFO) for 2010-11. The EPFO had been paying 8.5 per cent interest on PF deposits since 2005-06. In September 2010, it had recommended an increase in interest rate to 9.5 per cent for 2010-11 after discovering Rs 1,731 crore surplus in their books of...
05:38 PM, Mar 17, 2011
New Delhi: Retirement fund manager EPFO on Thursday decided to suspend further investments in the LIC Housing Finance till CBI completes investigations into the alleged involvement of its top official in the bribes-for-loans scam. "As of now we have suspended further investments in the LIC Housing Finance. Safety of fund is our prime concern. We are doing so because CBI is investigating the case", Labour Minister Mallikarjun Kharge said. Kharge,...
03:53 PM, Dec 09, 2010
New Delhi: In what may be a windfall for crores of employees in public and private sector, the Provident Fund Trustees on Wednesday decided to give a higher interest rate of 9.5 per cent for 2010-11 on their retirement savings. The steep one percentage point increase has taken the interest on PF deposits of 4.71 crore organised sector workers to a five-year high from the current level of 8.5 per...
06:06 PM, Sep 15, 2010
The Stepfather is a predictable old-fashioned thriller. ...
08:43 PM, Jan 01, 2010
Retail chain Subhiksha's top management has already quit. ...
08:22 PM, Feb 11, 2009
He will be produced in a local court on later on Saturday. ...
04:01 PM, Jun 07, 2008
Hobart: England allrounder Luke Wright has broken the record for the highest individual score in Australian domestic Twenty20 cricket, scoring 117 off just 60 balls for Melbourne Stars against Hobart Hurricanes in the ongoing Big Bash League at the Bellerive Oval. Wright's hurricane innings beat the previous record of 111 set by Tasmania's Michael Dighton against New South Wales in Sydney in 2007, in what was then known as the...
02:10 AM, Apr 09, 2008
Perth: Former spinner Ashley Mallett is hardly impressed with the way Nathan Lyon has bowled in the first two Tests but suggested that Australia must keep him in the side for the Perth Test. Lyon has managed to take just two wickets in the four Indian innings so far. Mallett stressed that it was important to have Lyon in the side as he would have a crucial role in friendly...
12:18 AM, Apr 09, 2008
Michael Clarke had been here before. A victory over India at the SCG to deliver Australia an unassailable 2-0 series lead. Except the conditions were somewhat different. In 2007-08, it was Clarke's part-time spin that reaped three wickets in the final over of an ugly incident-marred Test and delivered Australia a thrilling win. In 2011, it was his glorious unbeaten 329 that spurred Australia on to an innings victory. Back...
12:10 PM, Apr 08, 2008
New Delhi: Selecting Gautam Gambhir as skipper of the T20 and ODI squad for the tour of the West Indies is the only forward-looking decision made by the BCCI in its selection committee meeting on Friday. But they have failed to grab the opportunity to blood youngsters in a series that could give them more options in a year where India also travel to England and Australia. One of the...
08:17 PM, Jan 24, 2008
The Finance Ministry is expected to notify the rate shortly. ...
08:28 PM, Jul 23, 2007
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