Presenting Budget 2024-25, Finance Minister Nirmala Sitharaman earlier announced the scheme, a part of the PM’s package of five schemes to facilitate employment.
The retirement fund body added 10.52 lakh new members in July—an increase of over 2.66 percent from June. Maharashtra alone contributed 20.21 percent of the total new additions.
Retirement fund body has seen rise in earnings from capital gains from equity. Its earnings are distributed among its subscribers, with EPFO retaining a small surplus.
The 8.1% EPF rate of interest is the lowest since 1977-78. The EPFO had in March decided to lower the interest on provident fund deposits from 8.5% to 8.1% for the current fiscal.
MoSPI proposes to remove closed factories from IIP sample, aiming for truer picture of India’s industrial health in upcoming 2022–23 base series. Plan open to public feedback until 25 November.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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