BUSINESS
At least 5.46 million Indians lost jobs in October: CMIE data
At least 5.46 million Indians working in both formal and informal sectors have lost jobs in October, indicating that while pockets of the jobs market is cheering up, the stretch in the larger labour market continues. But the information technology, retail trade and education sector job creation numbers in October have upset the overall job cuts partially.
BUSINESS
Explained: How EPFO invests its funds and credits interest income
Last week, the finance ministry approved the interest rate of 8.5 percent for 2020-21, almost eight months after the CBT had recommended it.
INDIA
Finance ministry approves 8.5% EPF interest rate for FY21, pay-out to be credited within two weeks
The board of retirement fund body Employees Provident Fund Organisation had recommended an 8.5 percent interest rate for FY21.
