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.
Finance ministry has been nudging labour ministry to align the EPF interest rate with other small saving schemes run by the govt such as the public provident fund.
BMS has rejected the Modi govt's fourth draft social security code, saying a lot of beneficial provisions included in the first draft have been removed.
Several pension trusts invested in IL&FS because it was considered ‘safe’. So far, the losses are unclear as 200 trusts haven’t filed their returns to EPFO.
SEBI probe concluded that purported loans and fund transfers were paid back in full and did not amount to deceptive market practices or unreported related party transactions.
Building on long-standing ties & Islamic solidarity, Strategic Mutual Defence Agreement comes at a time of heightened regional tensions especially after Israeli attack on Doha.
To be truly functional and durable, even eternal, a state doesn’t just need a leader, a party or an ideology. It needs functional and robust institutions.
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