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EPFO SURPLUS
Is your mutual fund SIP secretly crushing the Indian rupee? Jefferies explains the bitter side of the storyIndia's strong mutual fund SIP culture is helping foreign investors exit the equity market. This is putting pressure on the Indian Rupee. J...- Exempted establishments cannot use surplus fund in their Trusts for crediting interest to its beneficiaries: EPFOIn a circular, dated October 7, the retirement fund body has clarified that upon the cancellation or surrender of exemption for Exempted Pr...
- Does EPFO really have enough money left for the year after IL&FS? FinMin wants to knowDoes EPFO have sufficient surplus left for honouring this year's interest rate? The jury's still out.
- Not enough earning for EPFO to give 8.7%EPFO did not have enough earning to declare even 8.7% return and will need to dip into its surplus, a government official privy to calculat...
- Government gives in to pressure, EPF interest rate increased to 8.8% from 8.7%The backpedalling follows the uproar sparked by the finance ministry scaling down the 8.8% recommended by the CBT of the Employees’ Provide...
- Finance Ministry defends lower EPF rate, cites lower earnings of EPFOEarlier in February, the Central Board of Trustees (CBT) of the EPFO had decided to provide 8.8 per cent interest to its over five crore su...
- EPFO raises rate marginally to 8.8% for FY16, leaving trade unions unhappyBandaru Dattatreya, who chaired the meeting of the Central Board of Trustees on Tuesday, said 8.80 % is an “interim” interest rate.
- EPFO may offer 9.5% interest on PF this year tooThe surplus in interest suspense account will give the EPFO cushion to maintain at least the 8.5% return even in bad years.
- 42 Provident Fund trusts in trouble, only 12 in position to pay 9.5% interest rateThe EPFO had decided to study the accounts of 42 trusts after they expressed inability to match the 9.5% interest declared for 2010-11.
- EPFO to remove 'suspense' from its 'Interest Suspense A/c'To remove the ambiguity over whether 'Interest Suspense Account' (ISA) is a regular account or not, the retirement fund body EPFO is planni...
- Private sector can't afford higher PF payoutThe government's nod for a 9.5% rate on 5.87 crore provident fund accounts may be a 'just-in-time' poll sop, ahead of five state elections.
- Finance ministry okays 9.5% interest on PF, but with ridersThe finance ministry has approved an interest payout of 9.5% on employee's provident fund for 2010-11, bringing cheer to millions of subscr...
- CBT to discuss EPFO rate hike todayThe Central Board of Trustees will take a call on crucial issues such as investing in capital markets without govt guarantees, settling for...
- Our numbers are in order: EPFO to finminTaking a combative stand on its decision to pay 9.5% interest on the provident fund accumulations, the Employees Provident Fund Organizatio...
- Rs 1,731-cr surplus with EPFO real, not a flaw, says LabourMinThe Finance Ministry's objections were based on a CAG report which suggested that there was no surplus with the EFFO's interest suspense ac...
- Labour secretary defends PF surplus calculationLabour Secretary Prabhat Chaturvedi has pointed out that EPFO has securities worth Rs 57,560 crore that yield returns of 9% to 14% and cont...
- Finance Ministry rejects 9.5% interest on PF pay out for FY11The EPF rate has been at 8.5% since 2005-06 and the rate would have stayed the same in 2010-11 as per its earnings.
- Private PF trusts can pay 9.5% interest, too: EPFOThere are over 3,000 recognised provident fund trusts which manage a huge corpus of about Rs 2 lakh crore.
- EPFO likely to pay 8.5 per cent interest on PF depositsFor the sixth year in a row, the EPFO subscribers are likely to get 8.5 per cent interest on their provident fund (PF) deposits for 2010-11.
- EPFO can maintain 8.5 per cent interest payout in FY'10The Employees' Provident Fund Organisation can comfortably offer 8.5 per cent interest rate to its 4.41 crore depositors during 2009-10 and...
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