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EPFO to keep 8.5 per cent interest on EPF deposits for financial year 2020-21

EPFO to keep 8.5 per cent interest on EPF deposits for financial year 2020-21

The Central Board of Trustees and EPF, in its meeting on Thursday recommended 8.5 per cent annual rate of interest to be credited on the EPF accumulations in members’ accounts for the financial year of 2020-21. The meeting, presided over by...

Government data shows that FDI rises 40 per cent to $51.47 billion in April-December 2020-21

Government data shows that FDI rises 40 per cent to $51.47 billion in April-December 2020-21

Foreign direct investment (FDI) in India grew 40 percent to USD 51.47 billion during the April-December 2020-21, according to government data which was released on Thursday. India has attracted 22 percent higher FDI inflow (including re-invested...

OPEC+ and other oil producers debate whether to raise or freeze oil output as price recovers

OPEC+ and other oil producers debate whether to raise or freeze oil output as price recovers

OPEC, Russia and other oil producers meet on Thursday to decide whether to keep its output for April steady or to increase it as they weigh a recent price rally against uncertainty about the recovery of the economy. With oil above $60 a barrel,...

Top Benefits of Divestiture for a Business Growth

Top Benefits of Divestiture for a Business Growth

To achieve market share and sales goals, businesses often acquire properties, develop new business lines, or buy companies or portions of companies as they expand. Development can also mean changes in a company's markets and operating...

Bharat Petroleum Rises Post Board Approves Sale Of Numaligarh Refinery

Bharat Petroleum Rises Post Board Approves Sale Of Numaligarh Refinery

  Shares of state-run oil refining company Bharat Petroleum rose as much as 6 percent to hit an intraday high of ₹ 482.40 after its board of directors approved sale of Numaligarh Refinery in Assam. "Bharat Petroleum...

Evidence Suggests Similarities and Differences Between COVID19 and the Flu

Evidence Suggests Similarities and Differences Between COVID19 and the Flu

COVID19 is caused by the novel coronavirus SARS-CoV-2, and the flu is caused by influenza viruses that work in a similar way, so it’s no surprise that evidence suggests some of the symptoms that patients might experience with both illnesses...

India’s Fuel demand projected to rise by 9.8% in the year to March 2022

India’s Fuel demand projected to rise by 9.8% in the year to March 2022

India's fuel consumption could rise by 9.8% in the year to March 2022, its highest pace of growth in the six years which was driven by robust demand for gasoline and gasoil in Asia's third largest economy, according to initial government...

EPFO likely to announce interest rates on EPF deposits for 2020-21 on March 4

EPFO likely to announce interest rates on EPF deposits for 2020-21 on March 4

The Employees’ Provident Fund Organisation (EPFO) is likely to announce the rate of interest on provident fund deposits for the financial year of 2020-21 on March 4. EPFO’s central board of trustees are set to meet at Srinagar and...

Bank Credit is seen Growing 400-500 bps Higher at 9-10 percent for Next Fiscal

Bank Credit is seen Growing 400-500 bps Higher at 9-10 percent for Next Fiscal

According to Crisil, bank credit is expected to rise 400-500 basis points (bps) to 9-10% next fiscal as the Indian economy recovers, aided by budgetary stimulants and steps announced by the Reserve Bank of India (RBI). India's GDP growth...

GST collections in February rose to 7.4 per cent and tops Rs 1 lakh crore for 5th straight month

GST collections in February rose to 7.4 per cent and tops Rs 1 lakh crore for 5th straight month

Goods and services tax (GST) collections in February (for sales in January) rose 7.4 per cent year-on-year to Rs 1,13,147 crore. Though lower than Rs 1,19,875 crore collected the previous month, the February mop-up is the fifth consecutive...

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