Retirement fund body EPFO may bring 500 private PF trusts within its fold whose EPF accumulations are around Rs. 1 crore each, or have up to 20 members, for offering better services to those subscribers. Besides, this will improve monitoring of over 1,000 such trusts which have large subscriber base and manage huge EPF accumulations.
The Labour Ministry is in the process of amending Employees' Provident Fund Scheme 1952, so that large private PF trusts having accumulations can carry on the management...
Members of the Information Technology Employees' Union (ITEU) have sought the intervention of Karnataka's IT Minister Priyank Kharge to prevent illegal layoffs by software firms in the state."We urge Kharge to intervene and prevent arbitrary and illegal retrenchment of thousands of employees by software companies in the state," ITEU President A.C. Kumara Swamy told reporters here.Swamy alleged that software major Wipro Ltd was set to sack about 6,000 employees by June 30 and many more IT firms were...
An Australian engineer has come up with a high-tech solution to combat the rampant deforestation the globe is facing; by developing drones that can plant trees at a rate of nearly 1 billion trees per year!
Engineer Susan Graham revealed that she has developed a drone that is capable of first scanning the land looking for ideal places to grow trees, and then second launching seeds directly into the soil. The drones would be able to access places that would be difficult to reach manually and plant...
Indian cricketer Virat Kohli has now become the most followed Indian celebrity on Facebook taking the No.1 spot from Actor-producer Salman Khan.
On Sunday morning, Virat's official Facebook page had around 6,00,000 more followers than Salman Khan thus making him the king of social media with the maximum likes on his social handle too.
Captain of Indian cricket team in all the three formats, Virat has earned all the love from his countrymen in the last few years when he single-handedly won...
The Sahayak system of the Indian Army, in place since the colonial era which has fresh jawans attached to senior officers, has faced severe backlash as many former Sahayaks have claimed that they are treated as servants by the respective officers they have been attached to.
According to reports, the Indian Army is considering to replace Sahayaks in peace stations with civilian staff and retain the Sahayak or buddy system in key bases and field areas where the soldiers will have specified military...
Karisma Kapoor has a charm so unmissable that even after she left acting, her fan following has only increased. She is turning 43 on Sunday and looks nothing less that gorgeous. In fact, Lolo happens to be in the best phase of her life. She is doing events, brand endorsements, promoting good causes, staying fit and going on some grand vacations!
Karisma always has her fashion game on point and leaves no choice for her fans to fall in love with the lady at 43! She has been recently holidaying in...
Long Queues Throng Banks, As Customers Rush To Exchange Old Notes
NEWS WORLD INDIA | 0
November 10 , 2016 , 10:59 IST
[caption id="attachment_234921" align="aligncenter" width="700"] Long Queues Throng Banks, As Customers Rush To Exchange Old Notes[/caption]
People thronged to the Banks to exchange their old Rs 500 and Rs 1000 currency notes leading to long queues in Banks across the country as Banks reopened on Thursday for the first time since the demonetisation of Rs 500 and Rs 1000 notes, providing a much needed relief for the general public who struggled with currency issues after the demonetisation announcement.
ALSO READ: Police Deployed To Banks, ATMs As They Reopen After Demonetisation
According to government announcements, each individual can collect up to Rs 4,000 only in exchange for their old currency notes from banks but can deposit any extra amount directly into their bank accounts. ATM withdrawal limit is fixed to Rs 2,000 until November 18 but will be extended to Rs 4,000 from November 19.
ALSO READ: Ban On Rs 500 & Rs 1000 Notes: Banks To Remain Open This Weekend
Major Banks have taken extra measures to ensure smooth transition from the old currency to the new Rs 500 and Rs 2000 notes and have taken on help from retired banking officials. Banks have set up dedicated 'exchange counters' to change currency notes, certain banks have announced extra late working hours till 6 PM - 8 pm, banks are to be open on Saturday and Sunday and ATM withdrawal charges are waived.