The Allahabad High Court on Friday
turned down the petitions of six former judges, three of whom
retired from the High Court, challenging the summonses issued
to them by a CBI court in the multi-crore PF scam for
appearing before it.
Retirement fund manager EPFO`s key advisory body Finance and Investment Committee (FIC) has recommended 8.5 percent interest on provident fund deposits for 2010-11, the same return given to subscribers for the past five years.
The Associated Chambers of Commerce and Industry (Assocham) has urged the central government to allow the Employees Provident Fund Organisation (EPFO) to invest at least 5 percent of its funds in equities.