Govt okays 8.5% rate of interest on EPF for FY21

New Delhi: The government has approved 8.5% rate of interest on employees’ provident fund for the 2020-21 fiscal, a source said. The 8.5% rate of interest on provident fund deposits for the last fiscal was decided by the EPFO’s apex decision-making body Central Board of Trustees headed by Labour Minister in March this year. PTI

New Delhi
Core sectors’ output rises 4.4% in Sept

The output of eight core sectors rose 4.4% in September on account of healthy performance by segments like natural gas, refinery products and cement, official data showed on Friday. The eight infrastructure sectors had grown by 0.6% in September 2020, as per the data released by the commerce and industry ministry. PTI

New Delhi
CPI-IW increases to 123.3 points in Sept

Retail inflation for industrial workers eased to 4.41% in September mainly due to lower prices of certain food items. The All-India Consumer Price Index for Industrial Workers (CPI-IW) for September increased by 0.3 point and stood at 123.3 points compared to 123 points in August. PTI

New Delhi
JioPhone Next on sale from Diwali at Rs6,499

Reliance Industries on Friday said JioPhone Next smartphone will be available in stores from Diwali for as low as Rs 1,999. While the upfront cost will be Rs 6,499, the firm is offering easy EMI options to help feature phone users to upgrade. PTI