Eps

Eps News

Government may file review plea on Supreme Court ruling on pension scheme; details here
Business

Government may file review plea on Supreme Court ruling on pension scheme; details here

The government and EPFO are thought to be in talks to evaluate the additional liability for higher pension

Explained: Supreme Court's EPF decision and what it means for you
FP Explainers

Explained: Supreme Court's EPF decision and what it means for you

The apex court ruling means Employees Provident Fund Organisation members can now contribute 8.33 per cent of their actual salaries rather than 8.33 per cent of the pensionable salary which was capped at Rs 15,000 per month. This means those who choose to do so will get a larger retirement lumpsum

AIADMK row: Supreme Court asks Madras HC to decide OPS faction plea against party meet
India

AIADMK row: Supreme Court asks Madras HC to decide OPS faction plea against party meet

A bench headed by Chief Justice N V Ramana asked rival OPS and Edappadi Palaniswamy (EPS) factions of the AIADMK to maintain status quo with regard to the affairs of the party

PM Modi, Amit Shah images on OPS camp's hoarding in Tamil Nadu throws a surprise
Politics

PM Modi, Amit Shah images on OPS camp's hoarding in Tamil Nadu throws a surprise

Political observers say that projecting a better proximity to the top two national leaders could be used by the OPS faction to have more leverage.

Palaniswami expels Panneerselvam's sons from AIADMK, latter seeks to show door to rival faction leaders
Politics

Palaniswami expels Panneerselvam's sons from AIADMK, latter seeks to show door to rival faction leaders

Following EPS' action, Panneerselvam's camp demanded that the government intervene to ensure that the official residence of Palaniswami is not used for political purposes

In AIADMK, EPS is the boss, OPS expelled: What this means for the former Tamil Nadu CM
Politics

In AIADMK, EPS is the boss, OPS expelled: What this means for the former Tamil Nadu CM

O Panneerselvam stares at an uncertain future after the Edappady Palaniswami faction expelled him and his supporters at the General Council meet. OPS, as he is commonly known, said he would approach the courts in the matter and ensure that he secures justice

AIADMK vs AIADMK: Understanding the political tussle between OPS and EPS
Politics

AIADMK vs AIADMK: Understanding the political tussle between OPS and EPS

The fight between EPS and OPS over the leadership of the AIADMK reached its tipping point after the Madras High Court disposed of O Panneerselvam’s plea to stall the General Council meeting, paving the way for rival leader Edappady K Palaniswami's elevation as a possible single leader of the party

Explained: AIADMK’s latest fight over the ‘two-leaves’ symbol
Politics

Explained: AIADMK’s latest fight over the ‘two-leaves’ symbol

For the AIADMK, the timing of the battle between the O Panneerselvam and Edappadi K Palaniswami camps, which has thrown into doubt who can use the ‘two-leaves’ symbol, couldn’t be worse with byelections for 510 Tamil Nadu local body seats in the offing

Explained: Sasikala indicates AIADMK return imminent; what this means for party, EPS, OPS
Politics

Explained: Sasikala indicates AIADMK return imminent; what this means for party, EPS, OPS

The perception of differences gained momentum recently after OPS and EPS issued separate statements on public issues, but joint statements on party matters

SC notice to Tamil Nadu Speaker on DMK's plea to decide on disqualification of 11 AIADMK MLAs
Politics

SC notice to Tamil Nadu Speaker on DMK's plea to decide on disqualification of 11 AIADMK MLAs

P Dhanapal allegedly delayed a decision on the membership of AIADMK MLAs who voted against the E Planiswami govt in 2017

Hexaware Technologies Q1 net profit rises 26.3% to Rs 175 cr, revenue up 22%; suspends annual guidance for FY20
Business

Hexaware Technologies Q1 net profit rises 26.3% to Rs 175 cr, revenue up 22%; suspends annual guidance for FY20

Hexaware said the company was early in transitioning to work from home (WFH) mode, much before the government-mandated lockdown.

Limit on tax-free employer contribution to retirement funds to impact employee with salary above Rs 60 lakh: Official
Business

Limit on tax-free employer contribution to retirement funds to impact employee with salary above Rs 60 lakh: Official

Under the existing provisions, the contribution by the employer to a recognised provident fund exceeding 12 per cent of salary is taxable.

E-nomination facility for EPF subscribers launched: Norms, procedures, benefits; all you need to know
Business

E-nomination facility for EPF subscribers launched: Norms, procedures, benefits; all you need to know

Launching of the e-nomination facility is yet another step towards enhancing the digitisation framework aimed at accelerating the settlement of PF and pension claims.

Cutting taxes not an effective remedy to accelerate slow economy in short-term, households should focus on higher spending
Business

Cutting taxes not an effective remedy to accelerate slow economy in short-term, households should focus on higher spending

Cutting taxes has the same fiscal impact but takes time to work out as it is conditional on companies investing part of the gains.

Reports on high unemployment rate in country 'misleading', says Union Minister Santosh Kumar Gangwar in Lok Sabha
India

Reports on high unemployment rate in country 'misleading', says Union Minister Santosh Kumar Gangwar in Lok Sabha

Union Minister Santosh Kumar Gangwar Monday said that reports about high unemployment rate in the country are misleading and asserted that employment generation is the priority of the government

Double incumbency, Dhinakaran and DMK: Tamil Nadu LS polls a mess that couldn't be worse for BJP, AIADMK
Politics

Double incumbency, Dhinakaran and DMK: Tamil Nadu LS polls a mess that couldn't be worse for BJP, AIADMK

By relying on caste permutations, the BJP-AIADMK is not only underestimating the double anti-incumbency it faces in Tamil Nadu, but also that TTV Dhinakaran is a Thevar and will split the traditional AIADMK votes

EPFO pension News: Private sector employees to get higher retirement benefit as SC dismisses plea filed against Kerala HC order
Business

EPFO pension News: Private sector employees to get higher retirement benefit as SC dismisses plea filed against Kerala HC order

The EPFO caps the figure on which contribution is calculated at a maximum of Rs 15,000 per month.

The album is in crisis: Streaming services, artists' preference for singles have put the format under threat
Entertainment

The album is in crisis: Streaming services, artists' preference for singles have put the format under threat

Older consumers with a personal fondness for romantic balladeers and people who are buying music for their children are the only ones purchasing albums anymore. Most listeners have migrated to Youtube and audio streaming services

'Why haven't polls been held in 18 constituencies after disqualification of AIADMK MLAs': Madras HC issues notice to Tamil Nadu CEC
India

'Why haven't polls been held in 18 constituencies after disqualification of AIADMK MLAs': Madras HC issues notice to Tamil Nadu CEC

The 18 AIADMK MLAs had been disqualified on 18 September, 2018 by Speaker P Dhanapal under the anti-defection law after they met the governor and expressed loss of confidence in Chief Minister K Palaniswami.

Jayalalithaa death anniversary: AIADMK leaders, EPS, OPS lead silent march from Anna Salai to Marina Beach in Chennai
India

Jayalalithaa death anniversary: AIADMK leaders, EPS, OPS lead silent march from Anna Salai to Marina Beach in Chennai

On Jayalalithaa's second death anniversary, the ruling AIADMK took a pledge to secure a 'grand victory' in the forthcoming bypolls to 20 Assembly segments and next year's Lok Sabha elections and dedicate it to the late leader.