Recent Event Highlights: Move towards EET is good, but handle retirement savings with care - Daily News & Analysis, State support vital to the future of the Hudson River - Lower Hudson Journal news, Finmin wants EPFO to invest 3-5% funds in stock market, No tax exemption on capital gains from sale of land - Rediff, EPFO asked to invest 3-5% funds in stocks, EPFO asked to invest 3-5% funds in stocks - Rediff, and 26 more...
Created by dipity on Jun 3, 2009
Last updated: 12/09/09 at 12:14 AM
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Move towards EET is good, but handle retirement savings with careDaily News & AnalysisThe implication is that pre-retirement withdrawals such as those permitted under the Employees' Provident Fund (EPF) scheme will also be subjected to the ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.dnaindia.com%2Fmoney%2Fcomment_move-towards-eet-is-good-but-handle-retirement-savings-with-care_1283505&usg=AFQjCNFCrq26COmtIkSk4KevIg6-UFkpaw
State support vital to the future of the Hudson RiverLower Hudson Journal newsSadly, the state has been using the EPF as a slush fund, sweeping $175 million of its legislatively mandated $255-million allotment into the general budget ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.lohud.com%2Farticle%2F20090818%2FOPINION%2F908180303%2F-1%2FSPORTS&usg=AFQjCNEsp8b4mav5yZgF0ckyQxRqGjC6pQ
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...the incremental funds of EPFO in July last year. The EPFO had also selected the countrys largest public sector bank State Bank of India for the purpose. Considering the volatile nature of stock markets, EPFO has not invested in stock markets so far. Discuss...
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Expressindia.com
http://www.financialexpress.com/news/Finmin-wants-EPFO-to-invest-35-funds-in-stock-market/503139/
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
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...Capital [ Get Quote ] and ICICI [ Get Quote ] Prudential to manage the incremental funds of EPFO in July last year. The EPFO had also selected the country's largest public sector bank State Bank of India [ Get Quote ] for the purpose. Considering the volatile...
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Rediff
http://business.rediff.com/report/2009/aug/17/epfo-asked-to-invest-funds-in-stocks.htm
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 6 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... in the tax rate to 25 per cent from the existing 30 per cent is certainly good news and will help lowering the tax burden of India Inc in a big way. ...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
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...was also required to set up a monitoring cell to evaluate and monitor performance of the fund managers. EPFO, with the assistance of Crisil, had appointed State Bank of India, HSBC AMC, ICIC I Prudential AMC and Reliance AMC as fund managers. - PTI ...
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Hindu Business Line
http://www.thehindubusinessline.com/blnus/17161430.htm
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...to evaluate and monitor performance of the fund managers. EPFO, with the assistance of CRISIL, had appointed State Bank of India, HSBC AMC, ICICI Prudential AMC and Reliance AMC as fund managers. Stay informed on our latest news! Everyone fears the swine...
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MyDigitalFC.com | Financial Chronicle
http://www.mydigitalfc.com/personal-finance/epfo-review-contract-crisil-684
How the Ambani saga unfoldedChandigarh TribuneSince PF is paying 8.5% tax-free interest, can I continue to keep balance with EPFO and, if so, for how long? A You can contribute to your PF as long as you ...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
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...8.73 per cent on the EPFO funds, invested by the private fund house during the nine months period ended June 30. The State Bank of India was relegated to the second spot by providing 8.70 per cent returns to the Employees’ Provident Fund Organisation (EPFO)...
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Business Standard
http://feedproxy.google.com/~r/Business-Standard-Banking-Finance-All/~3/KR9eau8UOOs/storypage_c.php
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 ExpressGreater incentives for savings in new taxes codePress Trust of IndiaHowever, the code proposes imposing a tax on the money withdrawn from savings schemes like PPF, EPF and GPF. At present, tax is not imposed on withdrawal ...Retirement schemes face tax on withdrawalsTimes 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%2Fwww.ptinews.com%2Fnews%2F227497_Greater-incentives-for-savings-in-new-taxes-code&usg=AFQjCNFsjB0e3vuyvHgyBHGJw-R6aJ1utQ
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 July 2008, EPFO, which manages around 44 million provident fund subscribers, allowed four fund managers (HSBC, Reliance, ICICI Prudential and SBI) to ...
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
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
Executive compensation safe for nowThomson Online BenefitsINDIA: Interest rates will remain at last year's 8.5% for the provident fund administered by the Employees Provident Fund Organisation (EPFO). ...
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fwww.thomsons.com%2Fpage%2F9159%2Fuk-and-europe%2Freward-news-knowledge%2Femployee-rewards-and-benefits-news%2Farticles%2Fexecutive-compensation-safe-for-now%3FfromSearch%3Dtrue&usg=AFQjCNE6H4tN_sxCGfry5YA1uXoWGKda3A
CVC disposed of 485 cases in June 2009Press Information Bureau (press release)Ltd., 2 each from Department of Telecommunications, India Tourism Development Corporation, Heavy Industries, EPFO and DDA The remaining 3 cases pertained to ...and more »
http://news.google.com/news/url?fd=R&sa=T&url=http%3A%2F%2Fpib.nic.in%2Frelease%2Frelease.asp%3Frelid%3D50854&usg=AFQjCNGibeNDkA8qYLH6_tlInXqqFh2OYg
Sabse Bada Rupaiya: Should you invest in FD or something else? Suggestions from experts.
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...the its incremental funds in July last year. The EPFO had also selected the country's largest public sector bank State Bank of India for the purpose. The Finance Ministry wanted the EPFO to invest in stock markets to increase its yield on invested funds. When...
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Pakistan News.net
http://feeds.pakistannews.net/?rid=25693088&cat=3a8a80d6f705f8cc
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...... The swift rise in share prices has raised concerns over valuations. Clinical research outsourcing may the next big industry in India. Developers are dipping into their pockets to finance projects. Today naming a baby is an art that has gone global. Volkswagen...
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MyDigitalFC.com | Financial Chronicle
http://www.mydigitalfc.com/personal-finance/epfo-decide-interest-rate-pf-deposits-228
Hindu Business LineGive salaried a tax breakHindu Business Line, IndiaPrivate sector employees deposit provident funds with the Employees' Provident Funds Organisation (EPFO). There is exemption from tax in this case. Again, an employee who joined the Government before January 1, 2004, will be governed by the old pension ...
http://www.thehindubusinessline.com/2009/06/20/stories/2009062050180900.htm
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
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...India will currently yield an interest of 8 per cent only. Even after paying an interest of 8.5 per cent, sources said, "the EPFO would have a surplus of Rs 6.4 crore during 2009-10." The organisation is expected to earn an income of Rs 12,994 crore in 2009-10. ...
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Times of India
http://economictimes.indiatimes.com/EPFO-may-retain-85-pc-interest-on-PF-deposits-in-2009-10/articleshow/4667064.cms
Malaysia StarTime to get your EPF account in orderMalaysia Star, MalaysiaSome people have learnt the hard way that the EPF will only give out the money to whoever is listed as the nominee. Nothing in their will, nor last-minute instructions to immediate family members, will supercede what is officially on the EPF records. ...
http://biz.thestar.com.my/news/story.asp?file=/2009/6/15/business/4110858&sec=business
Mangalorean.comKharge assumes chargeMangalorean.com, IndiaNearly 85 per cent of workers in India are in unorganized sector. Meanwhile, Congress leaders congratulated Mr. Kharge for his entry into the Manmohan Singh Cabinet. Addressing presspersons in Bangalore, State Congress President RV Deshpande said ...
http://mangalorean.com/news.php?newstype=broadcast&broadcastid=127056
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...Delhi: The Employees’ Provident Fund Organisation (EPFO), India’s biggest pension fund, aims to pay 8.5% interest to its 40 million-plus subscribers for 2009-10, as new fund managers have helped it earn better returns, a top labour ministry official said on...
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livemint.com
http://www.livemint.com/2009/05/28164715/EPFO-aims-at-paying-85-inter.html
SifyYour EPF deposits may earn moreSify, IndiaNew Delhi: The Employees' Provident Fund Organisation (EPFO), India's biggest pension fund, aims to pay 8.5 per cent interest to its 40 million-plus subscribers for 2009/10, as new fund managers have helped it earn better returns, a top labour ministry ...
http://sify.com/finance/fullstory.php?a=jf2rFhjgijh&title=Your_EPF_deposits_may_earn_more&?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
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...The EPFO had also selected the country's largest public sector bank State Bank of India for the purpose. The Finance Ministry wanted EPFO to invest in stock markets to increase its yield on invested funds. When bankers in the country were offering interest...
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Zee News
http://www.zeenews.com/articles.asp?aid=518330&sid=BUS&ssid=50
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...is to first get clarity on the countrywise and sectorwise distribution of such workers. A senior EPFO official conceded the Indian records are not up-to-date. In case an establishment does not employ an international worker, it has to file a nil return. The...
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Times of India
http://economictimes.indiatimes.com/News/Submit_foreign_hands_list_to_EPFO_industry_told/rssarticleshow/3683088.cms
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...to select fund managers, had recommended only three fund managers, namely HSBC AMC, ICICI Prudential AMC and State Bank of India. Reliance Capital AMC emerged as a surprise fourth fund manager at the last moment in the meeting, taking the total number of fund...
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Hindu Business Line
http://www.thehindubusinessline.com/2008/09/13/stories/2008091351971000.htm
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...to be put into their respective investment accounts by August end. However, according to the All India Trade Union Congress, the EPFO is bypassing the Finance and Investment Sub-Committee (F&ISC) of the Central Board of Trustees (CBT) in deciding on the amount...
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Hindu Business Line
http://www.thehindubusinessline.com/2008/08/29/stories/2008082950861000.htm
has 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 ...
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...AMC as fund managers along with the present fund manager -- State Bank of India. The Central Board of Trustees (CBT) of the EPFO will meet on Tuesday to take a final call on the matter. One of the CBT members, who is also a member of the finance and investment...
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Hindu Business Line
http://www.thehindubusinessline.com/2008/07/29/stories/2008072950851000.htm
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...Employees’ Provident Fund Organisation (EPFO) of India was set up in 1952 with the mandate of providing retirement income security to the organised labour force in the private sector. As India’s calibrated globalisation increases the role of the private sector,...
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DNA India
http://www.dnaindia.com/report.asp?NewsID=1117029
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...The sloth in the administration seems to have spilled over to the State Bank of India (SBI), the monopoly fund manager of EPFO. For 2006-07, the fund manager couldn’t manage a return of even 8% on a corpus of over Rs 1,60,000 crore that it handles. This may...
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Economic Times
http://economictimes.indiatimes.com/EPFO_wakes_up_late_to_SBIs_poor_fund_handling/RssArticleShow/articleshow/1962607.cms
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...India’s largest bank, State Bank of India, which is set to lose its monopoly over the Employees’ Provident Fund Organisation (EPFO) investments, has attributed the low returns from its PF corpus to government-mandated “stifling” guidelines. Reacting to reports...
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Business Standard
http://business-standard.com/common/storypage_c.php?leftnm=10&autono=280986
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...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 levels in all users at the field level and...
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Webindia123
Related Topics
http://news.webindia123.com/news/articles/India/20061209/531734.html
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...pc for 2006-07 Centre resorts to tariff value to fight inflation Starch makers seek ban on maize exports Belgium looking towards India for investment India, Italy to focus on commercial links Frontier Lifeline to promote `medical bioscience park' Singapore...
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Hindu Business Line
Related Topics
http://www.thehindubusinessline.com/2006/11/08/stories/2006110804621000.htm
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...have been made to the EPFO on generating higher returns. The State Bank of India (SBI),
which manages EPFO’s funds, has now made out a case for starting off with
an investment of Rs 100 crore in the equity markets. Appointing competing fund
managers...
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Economic Times
http://economictimes.indiatimes.com/articleshow/1447315.cms
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