New Delhi, Jan 13, 2014
The Employees Provident Fund Organisation decided to increase the interest rate on Provident Fund deposits for 2013-14 to 8.75%.
This is an improvement of 0.25% over the 8.5% interest rate paid last year.
The announcement made by labour minister Oscar Fernandes after a meeting on Monday will benefit close to eight crore subscribers.
EPFO fixes the rate based on the interest earned on its investment and its expenses.
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Hyderabad, Aug 1 (IANS) The Telangana government on Saturday proposed to set up here a Data Analytics Park, which will be the first of its kind facility in the country. State Information Technology Minister K. Tarakarama Rao floated the proposal while inaugurating the office of Techwave Consulting Inc, a US headquartered global system integrator. He said that they propose to set up the park as data analytics is an emerging technology and has a good future, noting companies are flooded with …