EPFO cuts interest rate to 8.55%. What does it mean for you?

1 day ago
This recommendation of 8.55% interest by the CBT will now be sent to the Ministry of Finance for approval and once approved by the finance minister the interest will be credited to your EPFO account. Manoj Nagpal @moneycontrolcom. Manoj Nagpal. The Interest rate on Employees' Provident Fund falls for the third year running; EPFO reco ... ...

EPFO accounts to attract lower interest rate of 8.55% for 201718

2 days ago
Retirement fund body EPFO on Wednesday lowered the rate of interest on employees provident fund to 8.55 per cent for its over 6crore subscribers for 201718, from 8.65 per cent in the previous fiscal. "It is difficult to evaluate about future in view ... ...

India's factory output grows 7.1% in December

2 weeks ago
India's industrial output growth momentum continued as it grew at 7.1 percent in December, aided by robust manufacturing output, data released by Central Statistics Office showed. Shreya Nandi @shreyanandi15. India's industrial output growth momentum Dec industrial production ... ...

Banking weekly wrap: SBI posts loss, BoB profit falls and RBI maintains status quo in policy rate

2 weeks ago
The week gone by was more about the RBI monetary policy despite a bland status quo and the financial results of big banks such as State Bank of India (SBI) and Bank of Baroda (BoB). Beena Parmar @BeenaParmar. Representative image. SBI. Watchlist ... ...

RBI keeps policy rate unchanged; flags inflation risks, fiscal deficit

2 weeks ago
RBI Governor Urjit Patel (second from right) with Deputy Governors B P Kanungo, N S Vishwanathan and Viral V Acharya after the announcement of the bimonthly monetary policy at the RBI headquarters in Mumbai on Wednesday. Photo: Kamlesh Pednekar. ALSO ... ...

RBI monetary policy: MPC keeps repo rate unchanged; read full text here

2 weeks ago
... • keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 per cent. Consequently, the reverse repo rate under the LAF remains at 5.75 per cent, and the marginal standing facility (MSF) rate and the Bank Rate at 6.25 ... ...

View: Budget 2018 will be about maintaining balance between indirect tax rates and fiscal rectitude

4 weeks ago
By Naresh Takkar The 2018 Budget needs to balance competing expenditure priorities and the clamour for lower direct and indirect tax rates while attempting to maintain fiscal rectitude. While such challenges are not uncommon, this budget is being ... ...

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