EPFO threatened by bankruptcy over pension outflow; reason will surprise you

EPFO threatened by bankruptcy over pension outflow; reason will surprise you

The Employees’ Provident Fund Organisation (EPFO) may find it impossible to resist attempts by subscribers to inflate their pension entitlements to levels far beyond its capacity to provide these, raising the spectre of bankruptcy and a grave risk to the monies deposited by millions of workers in the assorted schemes administered by the body.

US is junking net neutrality as it made no sense, it is even more redundant in India
US is junking net neutrality as it made no sense, it is even more redundant in India

US junking net neutrality as it made no sense—it is even more redundant in India where the net needs to be built out

SC slams Jaiprakash Associates, says your wealth has gone up at cost pf homebuyers
SC slams Jaiprakash Associates, says your wealth has gone up at cost pf homebuyers

The Supreme Court on Wednesday restrained all 13 directors — including five promoter directors — of Jaiprakash Associates (JAL) and their “immediate and dependent family members” from transferring any personal assets or property without the court’s permission.

Quikr valuation hits $1 bn; see what caused this whopping surge
Quikr valuation hits $1 bn; see what caused this whopping surge

The valuation of online classifieds portal Quikr has surged to $1 billion for the quarter ended September, according to the quarterly financial report published by its Swedish investor Kinnevik AB.

Beware! Employees' Pension Scheme could go bankrupt
Beware! Employees' Pension Scheme could go bankrupt

The contribution-benefit mismatch Has meanT that well-paid members are cross-subsidised by the low-paid ones

In new crackdown, bar on willful defaulters to be imposed in Insolvency cases
In new crackdown, bar on willful defaulters to be imposed in Insolvency cases

The Cabinet on Wednesday decided to bring in a crucial ordinance to amend the Insolvency and Bankruptcy Code (IBC), 2016, which will likely bar wilful defaulters, including such promoters, and persons convicted of fraud, among others, from submitting resolution plans for a stressed firm.

Tata Sons vs Cyrus Mistry: Former chief wants nominee director on board
Tata Sons vs Cyrus Mistry: Former chief wants nominee director on board

Ousted Tata Sons chairman Cyrus Mistry’s counsel on Wednesday told the Mumbai bench of the National Company Law Tribunal (NCLT) that he’s not seeking his reinstatement as the chairman of the holding company but wants a nominee director of his firms to be on the board to protect the interests of minority shareholders.

Horoscope: By Peter Vidal

Today ( 23 Nov )This Week ( 19 Nov - 25 Nov )

SAGITTARIUS Your creative energy should now be at a peak, but not perhaps because the stars are all on your side. On the contrary, challenging romantic stars remind us of the cliché that all great art stems from… read more

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