employees provident fund

Employees Provident Fund approves Reliance-Nippon stake deal


August 7th, 2012 - 6:27 pm ICT by IANS
New Delhi, Aug 7 (IANS) The Employees Provident Fund Organisation (EPFO) Tuesday gave its nod to the 26 percent stake sale by Reliance Capital Asset Management Company to Japan's Nippon ... Read more...

Posted in Business |

Dhumal steps in to end St Bede’s strike


July 17th, 2012 - 8:34 pm ICT by IANS
Shimla, July 17 (IANS) With the strike by the faculty of St. Bede's, the country's oldest all-women college here, continuing for over a week, Himachal Pradesh Chief Minister Prem Kumar ... Read more...

Posted in Uncategorized |

Air India to raise Rs.7,400 crore in three months


July 16th, 2012 - 5:52 pm ICT by IANS
New Delhi, July 16 (IANS) Cash-strapped national carrier Air India is expected to generate Rs.7,400 crore (over $1,640 million) by issuing government-backed non-convertible debentures (NCDs) within the next three months, ... Read more...

Posted in Business |

Court directs medical benefits for TB workers


April 26th, 2012 - 9:24 pm ICT by IANS
New Delhi, April 26 (IANS) The Delhi High Court Thursday directed Delhi Tapedik Unmulan Samiti (DTUS) to implement its circular giving the medical benefits and facilities to the entitled people ... Read more...

Posted in Uncategorized |

Social security pacts with more countries soon


August 5th, 2011 - 6:57 pm ICT by IANS
Kolkata, Aug 5 (IANS) India is in talks with several countries for concluding bilateral social security agreements (SSAs) that would make it possible to reach the fruits of Employees' Provident ... Read more...

Posted in Business |

Nepal Maoists say no to export-oriented power projects


June 20th, 2011 - 10:18 am ICT by IANS
Kathmandu, June 20 (IANS) Nepal's Maoists have decided not to allow any hydropower project that intends to export the generated power, a decision that immediately impacts Indian group GMR as ... Read more...

Posted in Uncategorized |

Congress gets court notice on sacked staffers’ plea


June 9th, 2011 - 8:36 pm ICT by IANS
New Delhi, June 9 (IANS) A Delhi court has issued notice to the All India Congress Committee (AICC) on a petition alleging that it unjustifiably terminated 44 of its ... Read more...

Posted in Politics |

Nepal seeks Rs.3 bn credit guarantee from India


May 2nd, 2011 - 1:01 pm ICT by IANS
Kathmandu, May 2 (IANS) Ahead of a looming constitutional and parliamentary crisis, Nepal's cash-strapped coalition government has now sent an SOS to India, seeking a Rs.3 billion credit guarantee ... Read more...

Posted in Business |

Labour Minister Kharge chairs 193rd central board of trustees meeting


March 30th, 2011 - 10:00 pm ICT by ANI
New Delhi, Mar 30 (ANI): Union Minister of Labour and Employment Mallikarjun Kharge chaired the 193rd meeting of the Central Board of Trustees, Employees' Provident Fund here today.The meeting was the tenth ... Read more...

Posted in National |

Court orders probe into financial lapses in Ramjas College


March 23rd, 2011 - 7:31 pm ICT by IANS
New Delhi, March 23 (IANS) The Delhi High Court Wednesday directed the University Grants Commission (UGC) and the Delhi University (DU) to conduct an inquiry into the alleged misappropriation of ... Read more...

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Kharge hopes EPF interest rate will be hiked to 9.5 percent


February 16th, 2011 - 12:40 am ICT by IANS
New Delhi, Feb 15 (IANS) Labour and Employment Minister Mallikarjun Kharge Tuesday expressed confidence that the finance ministry will agree to the proposal to hike interest rate on employees provident fund to ... Read more...

Posted in Business |

China vies with India for Nepal power project


October 22nd, 2010 - 3:10 pm ICT by IANS
By Sudeshna Sarkar Kathmandu, Oct 22 (IANS) Three Indian companies and an Indian joint venture are vying with three Chinese companies for a hydropower project in Nepal, underscoring the two giant neighbours' growing ... Read more...

Posted in Business |

CBI books Mumbai realtor for provident fund scam


October 19th, 2010 - 9:52 pm ICT by IANS
Mumbai, Oct 19 (IANS) The Central Bureau of Investigation (CBI) Tuesday said it had filed a charge sheet against realtor Hiranandani brothers and 26 others in connection with a Rs.94 million employees ... Read more...

Posted in Business |

Official caught accepting bribe in Goa


October 5th, 2010 - 10:24 pm ICT by IANS
Panaji, Oct 5 (IANS) An assistant director attached to the employees provident fund (EPF) was Tuesday caught by the Central Bureau of Investigation (CBI) while accepting a bribe of Rs.25,000, an official ... Read more...

Posted in Uncategorized |

Employee provident fund raised to 9.5 percent


September 15th, 2010 - 8:58 pm ICT by IANS
New Delhi, Sep 15 (IANS) The government Wednesday raised the interest rate on employees' provident fund by 1 percentage point to 9.5 percent for this fiscal. The announcement came after a meeting ... Read more...

Posted in Business |

CBI issues ‘look-out’ notices for builder Hirandani, brother


August 3rd, 2010 - 11:25 pm ICT by IANS
Mumbai, Aug 3 (IANS) The Central Bureau of Investigation (CBI) Tuesday issued a look-out notice for the city's leading realty developers Niranjan Hiranandani and his brother Surendra in connection with a Rs.168-crore ... Read more...

Posted in Business |

CBI files case against former provident fund official


July 23rd, 2010 - 8:11 pm ICT by IANS
Mumbai, July 23 (IANS) The Central Bureau of Investigation (CBI) has registered a case against the former Regional Provident Fund Commissioner of Navi Mumbai for abusing his official position to benefit a ... Read more...

Posted in Uncategorized |

EPFO defers decision on PF interest rate


April 9th, 2010 - 8:35 pm ICT by IANS
New Delhi, April 9 (IANS) The Board of Trustees of the Employees Provident Fund Organisation (EPFO) Friday deferred a decision on paying a higher interest rate on provident fund deposits for the ... Read more...

Posted in Business |

PF returns at 8.5 percent for sixth year in row


February 28th, 2010 - 6:35 pm ICT by IANS
New Delhi, Feb 28 (IANS) Over 4.7 crore Provident Fund (PF) beneficiaries are expected to get a return of 8.5 percent for the next fiscal on their PF deposits. It is similar ... Read more...

Posted in Business |

Wrong acts can’t be cited as precedents, rules apex court


December 22nd, 2009 - 7:34 pm ICT by IANS
New Delhi, Dec 22 (IANS) The Supreme Court has held that an illegal or irregular act of the government extending certain benefits to one person cannot become a precedent entitling someone ... Read more...

Posted in Uncategorized |

Invest 5 percent of provident fund in equities: Assocham


October 4th, 2009 - 2:27 pm ICT by IANS
New Delhi, Oct 4 (IANS) The Associated Chambers of Commerce and Industry (Assocham) has urged the central government to allow the Employees Provident Fund Organisation (EPFO) to invest at least 5 percent ... Read more...

Posted in Business |

SBI bags India visa outsourcing job in Nepal


September 16th, 2009 - 4:28 pm ICT by IANS
By Sudeshna Sarkar Kathmandu, Sep 16 (IANS) After more than five decades of accepting applications for Indian visa, the Indian embassy here will now outsource the job to Nepal SBI, a joint ... Read more...

Posted in World |

Provident fund worth Rs.3,837 crore lying unclaimed


July 13th, 2009 - 8:17 pm ICT by IANS
New Delhi, July 13 (IANS) Provident fund deposits to the tune of Rs.3,837.7 crore (Rs.38.4 billion) are lying in the inoperative accounts of members or their heirs, the government said Monday. "These are ... Read more...

Posted in Business |

EPFO retains 8.5percent on PF for current fiscal


July 4th, 2009 - 5:40 pm ICT by ANI
New Delhi July 4 (ANI): A crucial meeting of the Central Board of Trustees (CBT) of Employees Provident Fund Organisation (EPFO) has decided to retain the 8.5 percent interest rate return on ... Read more...

Posted in National |

EPFO meeting to decide rate of interest on PF today


July 4th, 2009 - 12:41 pm ICT by ANI
New Delhi, July 4 (ANI): The Central Board of Trustees (CBT) of the Employees Provident Fund Organisation (EPFO) is meeting today to discuss the rate of interest for provident fund for the ... Read more...

Posted in National |

EPF interest rate remains unchanged


February 23rd, 2009 - 8:04 pm ICT by ANI
New Delhi, Feb 23 (ANI): The Employees Provident Fund (EPF) board, in a meeting chaired by Labour and Employment Minister Oscar Fernandes, decided on Monday that the rate of interest would ... Read more...

Posted in National |

EPF Board of Trustees recommends 8.5 percent rate of interest


February 22nd, 2009 - 10:32 pm ICT by ANI
New Delhi, Feb.22 (ANI): The Central Board of Trustees, Employees Provident Fund (EPF) on Sunday recommended a rate of interest of 8.5 percent for 2008-09 fiscal year. The employees'' representatives, however, ... Read more...

Posted in National |

Central Board of Trustees of EPF recommends interest rate of 8.5 pc for 2008-09


February 22nd, 2009 - 6:06 pm ICT by ANI
New Delhi, Feb 22 (ANI): The 186th meeting of the Central Board of Trustees, Employees Provident Fund (EPF), which was the fourth regular meeting of the newly constituted Board, was convened ... Read more...

Posted in National |

Employees provident fund rate at 8.5 percent for 2008-09


February 22nd, 2009 - 5:32 pm ICT by IANS
New Delhi, Feb 22 (IANS) The interest rate on provident fund investments will be maintained at 8.5 percent for 2008-09, the central board of trustees of employee provident fund (EPF) decided Sunday. The ... Read more...

Posted in Uncategorized |

Chandramouli named next provident fund commissioner


December 24th, 2008 - 7:26 pm ICT by IANS
New Delhi, Dec 24 (IANS) K. Chandramouli, a 1975 batch officer of the Indian Administrative Service (IAS) with Uttar Pradesh cadre, has been named the next central provident fund Commissioner, it was ... Read more...

Posted in Uncategorized |

CPI-M opposes private management of pension fund


July 30th, 2008 - 4:03 pm ICT by IANS
New Delhi, July 30 (IANS) The Communist Party of India-Marxist (CPI-M) Wednesday asked the government not to hand over pension fund management to financial companies for speculative business in the capital market, ... Read more...

Posted in Business |

Private fund managers for $60 bn provident fund (Lead)


July 29th, 2008 - 9:26 pm ICT by IANS
New Delhi, July 29 (IANS) The Employees Provident Fund Organisation (EPFO) Tuesday selected three private fund managers, along with India's largest commercial bank, to manage its corpus of Rs.240,000 crore (Rs.2,400 billion ... Read more...

Posted in Business |

Private fund managers for $60 bn provident fund


July 29th, 2008 - 7:44 pm ICT by IANS
New Delhi, July 29 (IANS) The Employees Provident Fund Organisation (EPFO) Tuesday selected three private fund managers, along with India's largest commercial bank, to manage its corpus of Rs.240,000 crore (Rs.2,400 billion ... Read more...

Posted in Business |

Left-UPA flashpoints since May 2004


July 8th, 2008 - 6:12 pm ICT by IANS
New Delhi, July 8 (IANS) The often uneasy relationship between the Left parties and the United Progressive Alliance (UPA) government ended Tuesday after four years, over the India-US civil nuclear deal. But ... Read more...

Posted in Politics |

After 48 years, government widens ambit for PF beneficiaries


July 5th, 2008 - 9:04 pm ICT by IANS
New Delhi, July 5 (IANS) After 48 years, the government Saturday widened the ambit for provident fund (PF) beneficiaries by reducing the threshold limit to 20 employees in case of co-operative bodies ... Read more...

Posted in Business |

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