-The Economic Times The country's chief auditor has uncovered a Rs 1,336-crore negative balance in the books of the Empoyees' Provident Fund Organisation (EPFO), the custodian of Rs 8.15 crore formal sector workers' lifetime savings. A report, prepared by the Comptroller and Auditor General (CAG) and reviewed by ET, says this discrepancy in the EPFO's books for 2011-12 could grow further. For beneficiaries, this could mean lower returns on provident fund savings...
More »SEARCH RESULT
Total Matching Records found : 884
RIL gives half of documents sought by CAG
-PTI Reliance Industries has provided half of the documents sought by CAG and promised to give most of the remaining when the auditor returns to audit its spending on the flagging KG-D6 fields. RIL provided half of the documents to the team of the Comptroller and Auditor General (CAG) during their three-week stay at the company's office at Mumbai beginning January 9 and wrote to it that the rest, barring a small...
More »India's rice revolution-John Vidal
-The Guardian In a village in India's poorest state, Bihar, farmers are growing world record amounts of rice – with no GM, and no herbicide. Is this one solution to world food shortages? Sumant Kumar was overjoyed when he harvested his rice last year. There had been good rains in his village of Darveshpura in north-east India and he knew he could improve on the four or five tonnes per hectare that he usually...
More »EC bars 2,171 candidates for not filing returns
-PTI In a bid to ensure free and fair elections and curb the use of money power, the Election Commission has disqualified as many as 2,171 candidates for failing to furnish details of expenditure incurred while contesting Parliamentary and Assembly polls. These candidates will face the bar for three years from the date of disqualification by the Commission, with the maximum being up to January 2016. The move is part of the poll...
More »EPFO to include 'AAA' rated corporate bonds in portfolio-Raj Kumar Ray
-The Indian Express The Employees' Provident Fund Organisation is set to widen its investment horizon by including 'AAA' rated corporate bonds of any private company in its portfolio following a clean chit from Crisil, a move that can open up a window for blue-chip corporates to raise about Rs 35,000 crore through long-term debt papers annually. Crisil, which was appointed by EPFO to advice on investment portfolio, has said that none of...
More »
