EPFO settles 11 lakh claims in July, 43 lakh since April
Retirement fund manager EPFO has settled over 11 lakh claims, including transfer and withdrawal of provident fund, last month. “Employees’ Provident Fund Organisation (EPFO) has settled more than 11 lakh claims during July 2014. This has taken the cumulative total during this financial year to... read more »
Reserve Bank proposes ‘anytime anywhere’ bill payment system
The Reserve Bank of India (RBI), on Thursday, issued draft guidelines for the implementation of Bharat Bill Payment System (BPPS). The draft guidelines outline the requirement and the basic tenets of operating the BBPS, and prescribe the eligibility criteria, standards for settlement model and... read more »
Raghuram Rajan warns of another global financial crisis
Reserve Bank of India Governor Raghuram Rajan has warned that the world economy could be heading towards a crash much like the Great Depression of the 1930s as advanced countries in a bid to pull out of the global downturn are working at cross purposes. He advocated greater coordination between the... read more »
Snowden can stay 3 more years in Russia
Former NSA systems analyst Edward Snowden, who is wanted by the U.S. for leaking details about once—secret surveillance programs, has been granted permission to stay in Russia for three more years, his lawyer said on Thursday. Snowden last year was granted temporary asylum of one year in Russia,... read more »
