Know about Provident Fund better
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Your savings for retirement years is what you call Provident Fund. If you ask any financial planner, they would never ever suggest withdrawing money from your PF before getting retired.
The allowances committee led by Finance Secretary Ashok Lavas is reviewing allowances under 7th Pay Commission. The recommendations in this regard are likely soon.
Online settlement of EPF soon
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The Employees Provident Fund Organisation or EPFO will soon launch an online facility for settlement of claims, including EPF withdrawal and pension fixation. At present, retirement fund body EPFO receives close to 1 crore.
Just like the prevailing uncertain situation in the Indian Stock Market, the value of Indian Rupee also is unsteady. With the stock exchange opening today at 9.00 AM, the value of the India Rupee against the US Dollar went down by 4 paise and stood at Rs. 67.05.
According to the Payment of Wages Act, 1936, the wages to the employees should be paid by cash or coins or both. The central government after demonetizing the currencies encouraged people to go for cashless transactions.
The Union Cabinet has approved the merger of India’s leading State Bank of India with its associate banks. Very soon SBI will merge with its associate banks.
Following the launch of ambitious Nivaran facility for taxpayers’ online redressal, it is now the turn for the Income Tax Department to open windows at 60 special offices throughout the country.
The Centralised Processing Centre (CPC) of the Income Tax Department (ITD) at Bengluru has already processed over 4.19 crore Income Tax Returns (ITRs) and issued over 1.62 crore refunds during the current financial year.
Investors prefer Mumbai, Delhi and Bengaluru to invest in properties and houses. Magicbricks which is a real estate website has asked its readers to choose the city that would choose to invest in the current year.
Zoom Air starts its operations
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Regional Airlines Zoom Air has started its operations from yesterday. The airline becomes India’s 6th scheduled carrier for domestic skies.
The Head of the SEBI (Securities and Exchange Board of India) Mr. U. K. Sinha has announced that a financial review committee will be set up soon to explore the possibilities of investing the saving made by the housewives.
First-time home buyers belonging to the higher income category to get more government subsidy after about ten days of 2017-18 Union Budget. At present, those who earn above Rs 6 lakh per annum can avail subsidy on home loan interest.
SBI will not cut lending rates
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The State Bank of India, SBI, has ruled out of any lending rates cuts at this point. Earlier this week, Governor Urjit Patel said there was scope for banks to reduce their lending rates as RBI has cut repo rate by 175 basis.
J Sampath - Founder of JB Soft System
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J Sampath is the founder of full swing website Development Company called JB Soft System. The company called JB Soft System creates the face of any brand or company onto the world of web by extending website design and development services.
The centre has mandated Aadhar card for availing provisions from ration shops at subsidized prices. The deadline to synchronize Aadhar number with ration card is extended up to 30th June.
