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RCap causing troubles for LIC
LIC, EPFO to lose majority of investments made in RCap, Inflation to fall further in May’23: Das, GPay RuPay cards for UPI transactions, Rs 3k Jio b
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Adani shares getting back their lustre
Adani Enterprises up 19% on the bourses; EPFO working on change in pension formula; PAN must for deposit of Rs 50K or more of Rs 2K notes; Sebi propos
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Season for higher FD rates continues
Bank employees plan Bank Clinic, Kotak Mahindra raises FD rate by 50bps, EPFO issues FAQs on higher pension, Adani Ent again plans fund-raise, Mirae A
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How much PF is deducted from salary?
PF is deducted from the salary of the employed by the employer (private, public or government). This amount is deposited every month in the name of th
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Are you optinig for higher pension? Be aware about this
Employees working in the organized sector who are opting for higher pension will have to contribute 1.16% more to the Employees' Pension Scheme (EPS).
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EPFO extends deadline for higher pension application
Over 12 lakh applications have been received till date, seeking enhanced pension. The online facility was to remain available only till May 3, 2023.
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Amazon Prime raises monthly plan price by 67%
The Prime membership in India will now start from Rs 299 for monthly plans. For three-month subscription plan, viewers will have to pay Rs 599.
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Job creation in Feb lower than January
The 18-25 age group constitutes 55.37 per cent of the total new members during the month
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Unkind cut: EPFO proposes 8.1% rate for 2021-22 from 8.5%
This is the lowest interest rate since 1977-78 on deposits. Interest rate on employees provident fund at that time was 8%
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Old pension scheme vs New pension scheme
The central government employees currently get tax deduction of 14% on investments made in the NPS.
