News That Matters

Tag: 2018/19

Over 6 crore EPFO members to get 8.65% interest for 2018-19: Labour minister

Over 6 crore EPFO members to get 8.65% interest for 2018-19: Labour minister

Finance
New Delhi: Labour Minister Santosh Gangwar on Tuesday said over 6 crore EPFO accounts will be credited with interest amount at 8.65 per cent rate for 2018-19 ahead of the festival season. The Central Board of Trustees -- the apex decision-making body of the Employees' Provident Fund Organisation (EPFO) -- had approved 8.65 per cent interest rate for the last fiscal on February 21, this year. The proposal was sent for the concurrence of the finance ministry. Once approved by the finance ministry, the EPFO would credit the interest amount at 8.65 per cent rate in subscriber accounts and settle claims on this rate. At present, the EPFO is settling PF withdrawal claims at 8.55 per cent interest rate, which was approved for 2017-18. "...ahead of the festival season, over 6 crore EPFO subscriber...
Banking sector performance improved due to fall in bad loans in 2018-19: Economic Survey

Banking sector performance improved due to fall in bad loans in 2018-19: Economic Survey

Finance
NEW DELHI: The performance of banking sector has improved as bad loans declined in the last fiscal, but financial flows are constrained due to fall in money raised from capital markets and stress in the non-banking financial sector, the Economic Survey 2018-19 said Thursday. The monetary policy witnessed a U-turn over the last year. The benchmark policy rate was first hiked by 50 basis points (bps) and later reduced by 75 bps due to weaker than anticipated inflation, growth slowdown and softer international monetary conditions, the survey, tabled by Finance Minister Nirmala Sitharaman in Parliament, said. "The performance of the banking system has improved as non-performing asset (NPA) ratios declined and credit growth accelerated. However, financial flows to the economy remained constrain...
Premier League 2018/19 final table: Super Computer predicts the position every team will finish – *February update*

Premier League 2018/19 final table: Super Computer predicts the position every team will finish – *February update*

Sports
REVEALED We are into the second month of 2019 and are still no closer to knowing who will be crowned champions of England The 2018/19 Premier League season is shaping up to be one of the most exciting campaigns in years. Unlike the last few seasons there is a real title race, with Liverpool and Manchester City going head-to-head to be crowned champions of England. Liverpool lead the way at the beginning of February Tottenham are still in the race as well, with Mauricio Pochettino continuing to do a fine job with the north Londoners. Elsewhere, Manchester United’s resurgence means the fight for a top four finish is hotting up, with Chelsea and Arsenal going against the Red Devils to secure qualification for next season’s Champions ...
Premier League 2018/19 final table: Super Computer predicts where every team will finish – January update

Premier League 2018/19 final table: Super Computer predicts where every team will finish – January update

Sports
REVEALED We are into the first month of a new year and the title race is heating up The Premier League title race has heated up as we start the first day of a new year. Liverpool are, of course, leading the way with 20 matches played, though Manchester City have recovered from their poor spell to sit seven points behind Jurgen Klopp’s side. Thursday’s huge clash between the pair, which takes place at the Etihad, will play a key part in the race for silverware; a win for City and they are right back in it, but a Liverpool victory would send the Reds ten points clear in first. The Premier League standings on the morning of January 1, 2019 The battle for the top four is also intense, with Tottenham and Chelsea sitting third and four...
Premier League sack race 2018/19: Bookmaker’s odds on the first manager to leave their job this season

Premier League sack race 2018/19: Bookmaker’s odds on the first manager to leave their job this season

Sports
facing the axe Another defeat leaves Southampton boss Mark Hughes fighting to save his job Mark Hughes is fighting to save his job after Southampton’s 6-1 humiliation by Manchester City. Saints visited the Etihad on Sunday afternoon and were three goals down inside the opening 20 minutes, with Raheem Sterling adding City’s fourth on the brink of half-time, after Danny Ings had pulled a goal back for Hughes’ side. Getty It’s been a woeful start to the season for Southampton Sterling added his second – City’s fifth – just after the hour mark, with Leroy Sane rounding off the win with a strike in the dying moments of second-half injury time. The loss is Southampton’s sixth of the season, ...