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Food prices push retail inflation for farm and rural workers

Last Updated: Wednesday, May 21, 2014, 18:58

Retail inflation rates for farm and rural workers increased marginally to 8.44 percent and 8.72 percent, respectively, in April after prices of food items and fuel rose.

EPFO panel meet in March to grant tax exemption to PF trusts

Last Updated: Wednesday, February 19, 2014, 17:12

In a bid to protect tax benefits for subscribers of about 70 private provident fund trusts, retirement fund body EPFO will call a meeting of an empowered committee in the first week of March to grant them regular tax exemption.

EPFO approves Rs 1,000 minimum monthly pension

Last Updated: Wednesday, February 05, 2014, 10:57

Trustees of retirement fund body EPFO Thursday approved a proposal to provide a monthly pension of minimum Rs 1,000, a decision that will immediately benefit about its 28 lakh pensioners.

Retail inflation for industrial workers eases to 9.13% in Dec

Last Updated: Friday, January 31, 2014, 21:56

Retail inflation for industrial workers eased to 9.13 percent in December compared to 11.47 percent in November and 11.17 in the same month in 2012 on account of softening of prices of foods items.

EPFO trustees meet on Feb 5 to make Rs 1,000 pension a reality

Last Updated: Friday, January 24, 2014, 22:12

Retirement fund body EPFO's trustees on February 5 will decide on amending its scheme to provide a minimum monthly pension of Rs 1,000, which will immediately benefit its 27 lakh pensioners.

Provide universal A/c no to members to improve services: Oscar

Last Updated: Thursday, January 09, 2014, 21:12

Retirement fund manager EPFO needs to provide unique account number to its subscribers and improve its accounting for providing seamless services at par with banks, Labour Minister Oscar Fernandes said.

Oscar Fernandes gets additional charge of Labour Ministry

Last Updated: Monday, December 16, 2013, 14:26

Union Minister Oscar Fernandes was given the additional charge of Ministry of Labour and Employment following the death of Sis Ram Ola.

EPFO cannot invest funds in equities: Labour Ministry

Last Updated: Thursday, December 05, 2013, 19:17

The Labour Ministry has relaxed investment norms for retirement fund manager EPFO, but refrained from allowing the body to invest a part of its huge corpus of around Rs 5 lakh crore in equity markets.

India allows greater flexibility for pension fund investments

Last Updated: Wednesday, December 04, 2013, 14:44

However, India has not yet allowed the EPFO funds to be invested into equities.

One out of three young graduates unemployed in India: Report

Last Updated: Thursday, November 28, 2013, 21:25

In what would surely come as intriguing information for policy-makers, a Labour Ministry survey has found that with an increase in education levels in the country, the unemployment rate was also increasing across age groups.

Saudi Arabia denies grace period extension for illegal foreigners

Last Updated: Friday, November 01, 2013, 12:41

Saudi Arabia has denied reports that the grace period for foreigners staying illegally in the kingdom to regularise their situation will be extended.

Retail inflation for factor workers rose to 10.7%

Last Updated: Thursday, October 31, 2013, 19:56

Retail inflation for industrial workers has surged to 10.7 percent in September.