Saturday, May 21News That Matters
Shadow

Tag: 201718

EPFO may lower interest rate for 2017-18

EPFO may lower interest rate for 2017-18

Finance
NEW DELHI: Retirement fund body EPFO may lower interest rate on provident fund deposits this fiscal compared to 8.65 per cent provided to its 4.5 crore members for 2016-17, a labour ministry official said. The Employees' Provident Fund Organisation (EPFO) is likely to cut interest rate on the grounds that it is directly crediting exchange trade funds (ETF) units into provident fund accounts and lower yields on other investments, particularly bonds. "Employees Provident Fund Organisation may cut rate of return on provident fund deposits for 2017-18 due to lower income on bonds and its plan to credit ETF investments directly into the account of subscribers," the senior official said. However, the official said the EPFO is still to work out the income projection for the current fiscal, w...
Aviva Premiership 2017-18: Exeter to start defence with derby clash against Gloucester

Aviva Premiership 2017-18: Exeter to start defence with derby clash against Gloucester

Sports
Exeter will begin the defence of their Aviva Premiership title in a west country derby against Gloucester at Kingsholm on Friday, September 1.The fixture launches the 2017-18 season alongside Newcastle's home clash with Worcester, which is staged on the same evening.Runners-up Wasps, who lost 23-20 to Exeter in the final two months ago, launch their quest for the crown against Sale at the Ricoh Arena on September 2.The customary Twickenham double-header returns on the Saturday when European champions Saracens face Northampton before promoted London Irish tackle Harlequins.Two old rivals complete the opening weekend's fixtures when Leicester and Bath meet at Welford Road."It doesn't matter who won the Premiership last season, the league table right now says zero points and we have got to st...