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Labour ministry keen to retain 8.65% interest rate on EPF deposits for FY20
The labour ministry requires the finance ministry’s concurrence to provide a rate of interest on EPF deposits in a fiscal year. Since the Government of India is the guarantor, finance ministry has to vet the proposal for EPF interest rate to avoid any liability on account of shortfall in the EPFO income for a fiscal.
India Inc gradually shifting to recruiting firms for quality talent: Study
Auto majors see falling sales in Feb
-The country’s largest carmaker Maruti Suzuki India (MSI) on Sunday reported a 1.1 per cent decline in sales at 1,47,110 units in February.Hyundai Motor India Ltd (HMIL) also reported a 10.3 per cent decline in total sales at 48,910 units while Mahindra and Mahindra (M&M) recorded a 42 per cent decline in total sales at 32,476 units in the same month.
-However, major automobile manufacturers Maruti Suzuki, Hyundai and Toyota Kirloskar Motor do not see any immediate impact on their production schedules due to disruption in supply of components from plants located in coronavirus-hit China.
Bill to avert PMC Bank-like crisis may get Parliament nod in Budget session
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