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Hyderabad court issues non-bailable warrant against Vijay Mallya
Business

Hyderabad court issues non-bailable warrant against Vijay Mallya

A Hyderabad court on Sunday issued a non-bailable warrant against Vijay Mallya and Chief Financial Officer of Kingfisher Airlines A Raghunath.

EPFO to appoint fund managers tomorrow, may raise pension age to 60
Business

EPFO to appoint fund managers tomorrow, may raise pension age to 60

EPFO is likely to appoint fund managers tomorrow for a three year term from 1 April and raise age limit for vesting of pension by two years to 60.

Good news! You're going to get more on PFs after EPFO fixes rate at 8.75%
Investing

Good news! You're going to get more on PFs after EPFO fixes rate at 8.75%

The EPFO has proposed an increase of service charges to Rs 75 and Rs 25 per month respectively for managing EPF and EDLI schemes for non-functional establishments having no contributory members.

Unions to press for 9.5% interest on PF deposits for FY'14  to cover inflation
Economy

Unions to press for 9.5% interest on PF deposits for FY'14 to cover inflation

Retail inflation for industrial workers in November was 11.47 percent. This is the rate of inflation which is used by central government for computing hike in Dearness Allowance.

EPFO to pay 8.5% rate for 2012-13
Investing

EPFO to pay 8.5% rate for 2012-13

EPFO had paid 8.25 percent interest to its subscribers for 2011-12, lower than the 9.5 percent disbursed in 2010-11.

EPFO seeks greater flexibility to park fund in private cos
Investing

EPFO seeks greater flexibility to park fund in private cos

The Employees' Provident Fund Organisation is seeking greater flexibility to park its funds in private sector debt instruments as it has already exhausted the investment limits.