Thursday, 20 January, 2022
TopicProvident fund

Topic: provident fund

Where do Indians want to save? Data shows provident fund remains popular, even with the rich

With a higher risk tolerance and more funds to invest, richer Indian households have enjoyed higher returns from mutual funds and listed shares in the pandemic period.

India’s younger workers worst hit by pandemic, women far more vulnerable, EPFO data shows

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.

Government raises PF threshold limit to Rs 5 lakh for earning tax-free interest

Finance Minister Nirmala Sitharaman said that the criteria would be applicable to those cases where no contribution is made by employers to the retirement fund.

New tax on interest for people who contribute over Rs 2.5 lakh a year to employees’ PF

According to govt data, the number of people who contribute more than Rs 2.5 lakh per annum is less than 1% of the total number of contributors in the Employee Provident Fund.

Modi govt approves Rs 22,810 crore for 3rd phase of Atmanirbhar Bharat job scheme

The third phase will run for 3 years till 2023 and aims to benefit around 58.5 lakh employees. Rs 1,584 crore has been allocated for the current fiscal.

Zoya Hasan says fiscal stimulus ‘too little’, Sangh & Modi united on economy says RSS

Today's political, economic & strategic punditry from Rajiv Tuli, Mekhala Krishnamurthy, S Murlidharan & Ashok Jha.

Govt cuts Employees’ Provident Fund contributions from 12% to 10% for 3 months

This would increase 4.3 crore organised sector employees' take home pay and reduce the liability of 6.5 lakh employees facing a liquidity crunch under lockdown.

Govt approves 8.65% interest rate on PF, to be credited into employees’ accounts

The rate of interest approved will be provided to over 6 crore EPFO subscribers for 2018-19.

In IL&FS crisis season, why you should be worried if your PF money is with exempt trust

Exempted firms not overseen by EPFO have adopted govt guidelines that pertain to investments but there is no one to monitor if these are followed

EPFO hikes interest rate on provident fund deposits to 8.65% for current fiscal

The retirement fund body EPFO had provided a five-year low rate of interest of 8.55 per cent to its subscribers for 2017-18.

On Camera

YourTurn

Representational image of a jewellery store | ANI

India Jewellery Park to be set up in Mumbai, aims to attract Rs 20,000 crore investment

The Gem & Jewellery Export Promotion Council and Maharashtra Industrial Development Corporation have signed a draft agreement granting possession of a plot for setting up the park.

Defence

File photo of IAF drone seen flying in Leh on 18 Nov 2020 | ANI

Indian firm gets foothold in prized global ‘kamikaze’ and armed drones market

Global demand for loitering munition & armed drones saw a jump after Azerbaijan was able to defeat superior Armenian armed forces in 2020 with the help of these systems.
Illustration by Soham Sen | ThePrint

Read my lips, I’m hurting, says Pakistan’s National Security Policy. What it means for India

The new policy is mostly chaff, but it reveals the most inward-looking Pakistan in 3 decades. It needs breathing space, and is realising loss of stature and friendship with US.
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