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.
EPFO payroll data, which captures data related to the organised & semi-organised sector, shows there was a sharp drop in payroll additions among those younger than 25 years.
Govt has decided to notify 8.5% rate of interest on EPF deposits and credit them in one go. The decision will benefit over 6 crore subscribers of the retirement fund body EPFO.
The key question before us is simple: Whose interest should guide food policy in India? The credibility of India's food regulatory system depends on the answer to this question.
The rules now take effect on 1 July instead of 1 April, the Reserve Bank of India said. New rules may raise cost of raising capital for proprietary trading firms & squeeze profits.
Oleksandr Yakovenko, founder of Ukrainian drone maker TAF Industries, further went on to highlight the growing 'irrelevance' of European defence platforms.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
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