9.5% epf interest rate approved by Finance ministry

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9.5% epf interest rate approved by Finance ministry

9.5% epf interest rate approved by Finance ministry

Posted: 17 Mar 2011 06:45 PM PDT


The finance ministry today approved higher interest rate of 9.5 per cent to over 4.7 crore depositors with the Employees Provident Fund Organisation (EPFO) for 2010-11. The EPFO had been paying 8.5 per cent interest on PF deposits since 2005-06. In September last year, it had recommended an increase in interest rate to 9.5 per cent for 2010-11 after discovering Rs 1,731 crore surplus in their...

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Government Small Savings Schemes at a Glance & Changes in recent past

Posted: 17 Mar 2011 06:24 AM PDT


Central and State Governments take various measures from time to time to promote and popularize small savings scheme through print and electronic media as well as holding seminars, meetings and providing training to the various agencies involved in mobilizing deposits under these schemes. As part of this ongoing exercise, Government has recently taken initiatives to make the small savings schemes...

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Difference between 2G and 3G

Posted: 17 Mar 2011 06:04 AM PDT


2G refers to second generation wireless telecommunication technology developed mainly for voice services and slow data services with data rates upto 9.6Kbps whereas, the 3G (3rd generation) mobile telecommunications is the generic name for the next generation of mobile networks that combines wireless mobile technology with high data rate transmission capabilities. The 3G network is capable of...

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RBI HIKES REPO, REVERSE REPO BY 25 BASIS POINTS

Posted: 17 Mar 2011 04:12 AM PDT


The Reserve Bank of India today raised its short-term lending and borrowing rates for the eighth time since March 2010 by 25 basis points in a bid to rein in inflation. The short-term lending rate (repo) has been increased from 6.5 per cent to 6.75 per cent, while the short-term borrowing rate (reverse repo) has been raised to 5.75 per cent from 5.5 per cent. Increase in rates by the RBI is...

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