Economy: GK, General Studies and Current Affairs

8.65 Per Cent rate of interest notified for EPFO Subscribers

The government has approved 8.65 per cent interest rate on employees provident fund for 2018-19. This will be credited into the accounts of over 60 million subscribers of EPFO. The government had approved an interest rate of 8.55 per cent for 201-18. Central Board of Trustees Recommendation The Central Board of Trustees which is the ..

Google joins hands with Union Government for ‘Digital Payment Abhiyan’

Nasscom’s Data Security Council of India (DSCI) has recently collaborated with the Ministry of Electronics and Information Technology (MeitY) and Google India to launch a nationwide awareness campaign ‘Digital Payment Abhiyan’. The campaign will educate end-users on the benefits of making digital payments and urge them to adopt security and safety best practices. The pan-India ..

Draft Code on Social Security, 2019

The draft code amalgamates eight laws. It includes Employees Provident Fund and maternity benefits. The code was published by the Ministry of Labor and Employment. 4 major codes The code on social security will combine 44 labor laws into 4 codes. They are wages, occupational safety, working conditions and health. Unorganized Sector According to the ..

Injeti Srinivas Committee to look into offences under the Companies Act

The government has constituted a committee under Injeti Srinivas, secretary of the Corporate Affairs Ministry to look at recategorization of certain offences under the Companies Act as civil offences as well as review other provisions of the Companies Act and the Limited Liability Partnerships Act 2008. Mandate of the Committee The committee will look into ..

Govt scraps Import Duty on open cell LED TV panel

The Ministry of Finance has withdrawn the import duties on open cell LED panels used in the production of television sets. This is expected to lower the input costs for TV makers who have been complaining about a slump in demand. The Finance Ministry has also scrapped customs on goods for use in the manufacturing ..