Recent Event Highlights: No tax exemption on capital gains from sale of land - Rediff, EPFO asked to invest 3-5% funds in stocks - Rediff, ICICI Pru ranked first for managing EPFO funds - Press Trust of India, Retirement schemes face tax on withdrawals - Times of India, April to June: 1.7 lakh jobs lost, record PF withdrawal requests, April to June: 1.7 lakh jobs lost, record PF withdrawal requests - Indian Express, and 12 more...
Created by dipity on Jun 20, 2009
Last updated: 10/22/10 at 10:34 AM
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No tax exemption on capital gains from sale of landRediffThis was credited to my NRO account by the EPFO. Currently my India earnings are at 30% tax and I received this credit in February 2009. ...
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fbusiness.rediff.com%2Fcolumn%2F2009%2Faug%2F17%2Fno-tax-exemption-on-capital-gains-from-sale-of-land.htm&usg=AFQjCNEWdZkRrUOJtaAjjsQZ4zNT3ir-6A
RediffEPFO asked to invest 3-5% funds in stocksRediffThe EPFO had also selected the country's largest public sector bank State Bank of India [ Get Quote ] for the purpose. Considering the volatile nature of ...EPFO to review contract with CRISILEconomic Timesall 10 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fbusiness.rediff.com%2Freport%2F2009%2Faug%2F17%2Fepfo-asked-to-invest-funds-in-stocks.htm&usg=AFQjCNGo3r7e-Y8FVJmO5GulW-O5eS0d9Q
Deccan HeraldDecoding the direct tax codeDeccan Herald... available to withdrawals would continue to apply to amounts accumulated in post-retirement savings schemes like PPF, EPF, etc, up to March 31, 2011. ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.deccanherald.com%2Fcontent%2F19934%2Fdecoding-direct-tax-code.html&usg=AFQjCNGvLggVcdyfQV_dGlZXP4UX5m_sUg
How the Ambani saga unfoldedChandigarh TribuneWill I get EPF benefits like contribution from my side and employer side? Is it mandatory to withdraw PF balance after retirement? ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.tribuneindia.com%2F2009%2F20090816%2Fbiz.htm&usg=AFQjCNES1bp0CQDgZIw8d5_jQdw7PXISlw
ICICI Pru ranked first for managing EPFO fundsPress Trust of IndiaThe State Bank of India was relegated to the second spot by providing 8.70 per cent returns to the Employees' Provident Fund Organisation (EPFO) during the ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.ptinews.com%2Fnews%2F227924_ICICI-Pru-ranked-first-for-managing-EPFO-funds&usg=AFQjCNGlBzhw4PBKYFVcbs6Xj9ljU5WIZQ
Indian ExpressRetirement schemes face tax on withdrawalsTimes of IndiaUnder the existing norms, investments in certain instruments like public provident fund, employees provident fund and government provident fund are not ...Greater incentives for savings in new taxes codePress Trust of IndiaPranab plans to make life less taxingmydigitalfc.comCentre proposes new tax regimeDeccan HeraldIndlaw.com -UTVi -Press Trust of Indiaall 180 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Ftimesofindia.indiatimes.com%2Fnews%2Fbusiness%2Findia-business%2FRetirement-schemes-face-tax-on-withdrawals%2Farticleshow%2F4887482.cms&usg=AFQjCNF3KMUwjxMy-9Uh6s2O018g97-55Q
Excerpt
...a record 98 lakh-plus withdrawal requests, most of them filed after September 2008 when the global meltdown hit home. The EPFO covers 5 per cent of Indias 400 million-strong workforce and has close to 5 crore PF accounts. However, due to the changing nature...
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Expressindia.com
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April to June: 1.7 lakh jobs lost, record PF withdrawal requestsIndian ExpressFigures from the Employees Provident Fund Organisation (EPFO) buttress this finding: EPF withdrawal requests between April and June 2009 have touched a ...First-quarter job losses touch 1.71 lakhFinancial Expressall 35 news articles »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.indianexpress.com%2Fnews%2FApril-to-June--1-7-lakh-jobs-lost--record-PF-withdrawal-requests%2F499171&usg=AFQjCNFUyqUq293J5YCO8iD_fjn-ZinoJg
Provident, pension funds create market for oil bondsBusiness StandardIn addition, there is State Bank of India, a fund manager for the Employees Provident Fund Organisation and the New Pension Scheme. ...
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.business-standard.com%2Findia%2Fnews%2Fprovident-pension-funds-create-market-for-oil-bonds%2F365675%2F&usg=AFQjCNEUyXvSyIX5j0iJnKet7oxTINQ5fw
Construction workers covered by ESIC and EPF ActPress Information Bureau (press release)As per estimates of National Sample Survey (2004-2005) about 25.71 million building and other construction workers are estimated in India. ...
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fpib.nic.in%2Frelease%2Frelease.asp%3Frelid%3D51160&usg=AFQjCNHoX0OfXtbE1RdMNtf6aLzQFk012g
Facilities managementistockAnalyst.com (press release)International companies tend to outsource non-core activities as it reduces their HR responsibilities (recruitment, statutory issues such as EPF and ESIC) ...
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.istockanalyst.com%2Farticle%2FviewiStockNews%2Farticleid%2F3372241&usg=AFQjCNERoeYNUkzbpVh_8wphToGPOhoDKg
Sabse Bada Rupaiya: Should you invest in FD or something else? Suggestions from experts.
Hindu Business LineGive salaried a tax breakHindu Business Line, IndiaCorporate tax rates in India compares well with those in the US and the UK. Problems however remain when the nominal rate goes up because of surcharges. The taxpayer will be happy to pay tax at one prescribed rate. Abolition of all surcharges will ...
http://www.thehindubusinessline.com/2009/06/20/stories/2009062050180900.htm
TeleCincoVicente Ferrer fallece a los 89 años de edadTeleCinco, SpainAsí continuó con su tarea filantrópica en el depauperado estado de Andhra. Abandonó la Compañía de Jesús y continuó trabajando hasta el final de sus días por la mejora de las condiciones de vida de los más pobres. EPF.
http://www.telecinco.es/informativos/cultura/noticia/100005322/Vicente+Ferrer+fallece+a+los+89+anos+de+edad
Zee NewsEPFO may retain 8.5% interest on PF deposits in '09-10Zee News, IndiaWith banks reducing deposit rates, an eight to 10 years fixed deposit in State Bank of India will currently yield an interest of 8 percent only. Even after paying an interest of 8.5 percent, sources said, "the EPFO would have a surplus of Rs 6.4 crore ...
http://www.zeenews.com/news539993.html
Malaysia StarTime to get your EPF account in orderMalaysia Star, MalaysiaWHEN you start working, chances are you would list your father or mother as your beneficiary for your Employees Provident Fund (EFP) account. When you get married, the logical thing to do would be to nominate your spouse as your beneficiary. ...
http://biz.thestar.com.my/news/story.asp?file=/2009/6/15/business/4110858&sec=business
Excerpt
Government of India has vide two separate notifications dated October 1, 2008, extended the Employees’ Provident Fund and Pension Scheme to all “international workers”. The term international worker includes a foreign employee working for an
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Business Standard
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http://feedproxy.google.com/~r/Business-Standard-Economy-Policy-All/~3/n_UL5XctYZw/storypage_c.php
SifyHow to climb out of debt trapSify, IndiaTo figure out net worth, one should add the liquid assets, financial assets, equity assets, tangible assets (real estate, precious metals), personal assets (auto, jewellery) and deferred assets such provident fund, employee provident fund and pension ...
http://sify.com/finance/fullstory.php?a=jf5j1Jfieci&title=How_to_climb_out_of_debt_trap&?vsv=TopHP7
PakTribune.comReview of ongoing battles in Malakand DivisionPakTribune.com, PakistanThe parliament passed a unanimous resolution in favor of peace accord and president Zardari inked it much to the chagrin of USA, India, Afghanistan, western world, MQM and the liberal class within. The government stood its ground despite immense ...
http://www.paktribune.com/news/index.php?id=215326
come down heavily on the government for allowing private players to manage Rs 2,40000 crore of public money with the Employees Provident Fund Organisation (EPFO). The Politburo also targetted Reliance Capital's inclusion as one of the fund managers. The reported late selection of Reliance Capital as one of the fund managers is an indication of the cost of support to this tainted government, the Politburo said in a statement. ... CPM Politburo Reliance Provident Fund Organisation NDTV Profit ...
Excerpt
Press Trust of India
Sunday, November 11, 2007 (New Delhi):
With Trade Unions making a strong demand for higher interest on Employees Provident Fund (EPF) money, the EPF Board at its meeting later this month is likely to examine the option
Source Info
NDTV
http://www.ndtvprofit.com/homepage/storybusinessnew.asp?id=41674&template=
Excerpt
EPF Board meets on March 10 Press Trust of India Tuesday, February 13, 2007 (New Delhi): A fresh meeting of EPF Board has been convened on March 10 to thrash out the vexed issue of interest rate for the current fiscal. "The Central Board of Trustees of
Source Info
NDTV
http://www.ndtvprofit.com/homepage/storybusiness.asp?id=36369&template=
Excerpt
Labour Minister Oscar Fernandes here today launched the trial run of the 'Re-Inventing EPF India' Project of the Employees' Provident Fund Organisation (EPFO) in all the six pilot sites in the country.
The trial run is aimed at building confidence
Source Info
Webindia123
http://news.webindia123.com/news/articles/India/20061209/531734.html
Excerpt
...multiple fund managers for EPF when the board meets on November 7. As of now, the State Bank of India manages the investments of EPF. Meanwhile, UTI and other mutual fund houses have evinced interest in managing investments of the EPF, provided the government...
Source Info
Calcutta Telegraph
http://www.telegraphindia.com/1061105/asp/business/story_6961126.asp
Excerpt
Decrying the government move to further reduce interest rate on Employees Provident Fund (EPF), the Communist Party of India (CPI) today said it would oppose any such attempt.
''We will fight tooth and nail any such government move to bring down the
Source Info
Webindia123
http://news.webindia123.com/news/articles/India/20060920/456898.html
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