SEARCHED FOR:GENERAL PROVIDENT FUND
EPFO moots 8.5% interest payout in 2 instalments
The government-managed fund has recommended that 8.15% interest, from its income from debt investment, be credited immediately into the accounts of its 50 million subscribers. The balance 0.35% will be paid in December, from the sale of investment in exchange-traded equity funds, it said.
Invest knowing that there could be lull in returns for three years: Radhika Gupta, Edelweiss AMC
"Equities have delivered in the long term de...
Small savings scheme, PPF rates remain unchanged
During the start of the first quarter of FY21, the government had lowered the rates on vari...
Rs 44,054.72 crore has been withdrawn from the EPFO till date: Govt in Rajya Sabha
The Employees’ Provident Fund (EPF) Scheme was amended to provide for a non-refundable advance from the provident fund account of a member not exceeding the basic wages and dearness allowances of that member for three months or up to 75% of the amount standing to his credit in the EPF Account, whichever is less.
Air India defaults on TDS, EPF payments as Centre mulls on how to sell the carrier
Government officials told ET otherwise. “Air India has not made payments against TDS and PF since January this year. TDS dues is in the range of ₹26 crore till March-end and the PF dues runs into several crores,” said one of them.
GST compensation fund, cess can stay beyond 5 years if steep fall in revenue continues: Attorney General
The country’s top law officer, however, said any decision to extend the cess beyond the five-year period would require endorsement by a three-fourths majority of the weighted votes of the GST Council, comprising the Centre and the states.
Lower TDS and TCS rates, less PF outgo for 3 months
PF revision will benefit 43 million provident fund subscribers across EPFO and exempted establishments and 650,000 employers. It will not cover public sector enterprises and state public sector undertakings.
EPF contribution lowered to 10% for three months; TDS, TCS rates cut by 25% till March 31, 2021
While reduction in PF rates will give Rs 6,750 crore liquidity relief, the reduction in TDS and TCS rates for non-salaried specified payments and specified receipts will release Rs 50,000 crore liquidity into the system.
Sebi bans one individual for providing unauthorised investment services
The regulator found that Chawla was giving trading tips, stock specific recommendations, among others, to investors and general public by charging fees from them. Through such services, he collected over Rs 1.25 crore.
GST Council can take call on borrowing from market to compensate states: Attorney General
Under the GST framework, any decision on compensation and how it needs to be provided rests with the council, according to a person familiar with the AG’s opinion. The GST(Compensation to States) Act, 2017 allows for paying compensation to states over a five-year transition period for any potential loss in revenues due to implementation of the tax.
Nations need to come together to provide vital treatment to suppress Covid-19 transmission: UN chief
Guterres voiced concern that the outbreak is out of control and the world will soon pass "the grimmest of milestones” with one million lives lost to the virus.
The fund managers, the sleuths and the mystery of the missing ESG
Investor demand for companies deemed to have high ESG standards has never been higher. ESG-focused funds manage $1.1 trillion, more than double 2016 levels, according to industry tracker Morningstar.
Best multi cap mutual fund managers 2020
These fund managers are only acutely aware of the frequent disruptions in recent years—on account of demonetisation, the introduction of GST, trade wars and more— and how these have reshaped business environment.
AITUC seeks labour minister's intervention against alleged malafide campaign to reduce EPF interest rate
The AITUC shot off a letter to Gangwar on July 29, after a report suggested that there were withdrawals to the tune of Rs 30,000 crore in April-June this year during the coronavirus-related lockdown.