Government clarifies no change to GPF interest rate, remains 7.1%

·1 views

The Indian government has issued a clarification regarding the interest rate for the General Provident Fund (GPF). It has confirmed that the rate remains unchanged at 7.1% for the current quarter. This statement addresses recent public speculation about a potential rate reduction. The clarification aims to provide definitive information to all GPF subscribers.

Read the full story at Economic Times

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Diageo India Launches Ready-to-Drink Alcohol Beverages

Diageo India has entered the domestic ready-to-drink (RTD) alcoholic beverage market. The company introduced its new product line called 'Reds' in select Indian states. This move marks a strategic expansion into the fast-growing RTD category. The launch aims to cater to evolving consumer preferences for convenient beverage formats.

0 comments Read more at Economic Times

BusinessEconomic Times ·

Jewar Airport to Be Renamed After Prime Minister Narendra Modi

The upcoming Jewar airport in Uttar Pradesh is set to be renamed the Narendra Modi Airport. The decision was announced by the Uttar Pradesh cabinet, as reported by the Economic Times. The airport is a major infrastructure project serving the National Capital Region. The renaming honors the Prime Minister, who laid the foundation stone for the project in 2021.

0 comments Read more at Economic Times

BusinessEconomic Times ·

US visa concerns prompt Zoho CEO to urge Indian professionals to return

Zoho CEO Sridhar Vembu has called for Indian professionals working in the US to return to India. This call comes amid concerns over potential restrictions on the US PERM labor certification process, a key step for employment-based green cards. Vembu expressed his views in a recent interview with the Economic Times. He argued that the Indian economy now offers sufficient opportunities for skilled talent.

0 comments Read more at Economic Times

BusinessEconomic Times ·

Railway employees' annual bonus of Rs 41,000 under consideration

The Economic Times reports that a Rs 41,000 annual bonus for railway employees is under discussion. This payment is linked to the Productivity Linked Bonus (PLB) system for public sector workers. The final decision rests with the Union Cabinet, which will review the proposal. The bonus amount is typically announced ahead of the Dussehra festival.

0 comments Read more at Economic Times