WITHDRAWAL OF PROVIDENT fund (PF) money through an ATM could soon become a reality. To enhance "ease of living", the government is mulling to introduce this facility by early next year, official sources told FE. The labour ministry is going to hold consultations with the RBI and major commercial banks to prepare a roadmap, the sources said.
"Currently the plan is at a nascent stage, and a blueprint is not yet made," an official said. "We wish to improve the digital infrastructure of the Employees' Provident Fund Organisation (EPFO) first. Only then, such a mechanism can be introduced," the person added. Currently, the EPFO has over 70 million active contributors.
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IIT-Madras to offer fine arts, culture courses
In a first for Indian Institutes of Technology (IITs), IIT-Madras on Tuesday said it would offer two supernumerary seats in each undergraduate programme to students who have achieved excellence in fine arts and culture, starting from the upcoming academic session.
The world's busiest airline routes in 2024 are largely in Asia
Leisure continues to outshine corporate trips
Not even 2% work-linked higher education courses yet: Report
EDUCATION-INDUSTRY MISMATCH
KYC masking to go live on Jan 20
DEADLINE EXTENDED; BIG RELIEF TO BANKS & FINTECHS
SME IPOs fetch rich returns in Dec
THE SME IPO market continues to see heightened interest and is delivering multibagger returns despite being under the lens of the markets regulator.
Indian firms use euro, yen swaps
MOREOVER, EXPECTATIONS OF dollar strengthening further have also prompted Indian firms to opt for cross-currency pairs other than USD-INR.
EPFO weighs higher equity investments
IN FY23, the interest rate was fixed at 8.15% and 8.10% in FY22.
China plans record budget deficit of 4% of GDP in 2025
New plan compares with an initial target of 3% of 2024 GDP
Trudeau govt adrift after FM quits, Trump tariffs loom
Canada's finance minister leaves the government adrift less than a month before the inauguration of a new US administration that could impose crippling sanctions on Canadian exports.
Markets slump over 1%
ALL MAJOR ASIAN markets ended in the red on Tuesday, a day ahead of the US Federal Reserve's meeting outcome.
