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EPFO permits firms to opt for pvt cos' group insurance cover EPFO permits firms to opt for pvt cos' group insurance cover Firms can now ensure higher group insurance of Rs 1.32 lakh for each employee by opting for the Edelweiss Tokio Life-Group Life Protection in lieu of EDLI scheme provided by EPFO.
'Indian EPF compliance just 8% of workforce' 'Indian EPF compliance just 8% of workforce' The employees provident fund compliance level in India is poor with just eight percent of the 42 crore total workforce of the country being under it, Additional Central Provident Fund Commissioner A Mahendra Raju said Wednesday.
NPS subscribers earn double digit return in 2012-13 NPS subscribers earn double digit return in 2012-13 Subscribers of National Pension System (NPS) regulated by Pension Fund Regulatory and Development Authority (PFRDA) earned double digit returns of as much as 14.19 percent during 2012-13.
Fin Min ratifies 8.5% interest on PF deposits for 2012-13 Fin Min ratifies 8.5% interest on PF deposits for 2012-13 The Finance Ministry has approved payment of 8.5 percent rate interest for 2012-13, up from 8.25 percent in the previous fiscal, benefiting over 5 crore EPFO subscribers.
Trade unions oppose parking EPFO funds in ETF of CPSUs Trade unions oppose parking EPFO funds in ETF of CPSUs Trade unions have been opposing the idea of EPFO fund exposure to equity as it involves high risk of capital erosion.
BMW appoints Schlipf as MD and CEO of India fin services arm BMW appoints Schlipf as MD and CEO of India fin services arm German luxury car maker BMW on Thursday announced the appointment of Stefan David Schlipf as the head of its auto finance business in the country.
Parl panel objects to CMPFO not parking Rs 45K cr in PSU banks Parl panel objects to CMPFO not parking Rs 45K cr in PSU banks A parliamentary panel Tuesday raised objections on Coal Mines Provident Fund Organisation (CMPFO) not parking a huge Rs 45,886.45 crore with the public sector banks and also said the issue of deviation from norms should have been referred to a central investigating agency.
Boeing, Pfizer, Dow among US entities lobbying on India issues Boeing, Pfizer, Dow among US entities lobbying on India issues At least a dozen US-based entities, including giants like Boeing, Pfizer, Dow Chemicals and Morgan Stanley, have indulged in lobbying among the American lawmakers here regarding India-related trade issues since the beginning of this year.
FinMin nod for 8.5% interest for EPFO subscribers this week FinMin nod for 8.5% interest for EPFO subscribers this week The Finance Ministry is likely to approve this week payment of 8.5 percent rate interest to over 50 million EPFO subscribers for 2012-13, a move that will ensure smooth settlement of claims.
PFRDA tightens investment guidelines for private sector NPS PFRDA tightens investment guidelines for private sector NPS Besides, the pension regulator has asked these fund managers to restrict their single industry exposure to 15 percent of NPS investments under all schemes, among others.
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