EFPO

The CBI bas booked a Mumbai-based officer of EPFO and 13 former employees of grounded airline Jet Airways who had paid bribes to him to settle their provident fund claims, officials said Thursday. The case was handed over to the CBI after a probe by the Employees Provident Fund Organisation (EPFO) vigilance found alleged fraudulent activities of Machindra Jagannath Bamne, senior social security assistant posted at accounts section of its regional office in Kandivali(E). It emerged that Bamne received illegal gratification in his as well as his wife's bank accounts through multiple mode of online banking from employees of various establishments in lieu of their claim settlement. It is alleged that Rs 1.77 lakh were credited in his and his wife's accounts by 13 employees of Jet Airways which has stopped operations. "This aspect has been confirmed in the investigation by cross verifying the online credit entries in the accounts of the official and his wife with the corresponding debit

Of the new subscribers, the share of women saw a marginal increase to 225,395 (26.6 per cent) in April from 190,630 (25.1 per cent) in March

FPO, or follow-on public offer, is one of the many means through which corporates finance their expansion plans, or pare debt. We explain what is a FPO, and if investors should subscribe to it

Yellen will meet with tech sector haeds, visit Microsoft India Development Center, and hold a bilateral meeting with FM Sitharaman

Costlier loans from NSSF, at 7.4% interest rate, will occupy more than 10% share in govt's outstanding public debt soon, all to give the small saver a higher interest rate than the market

To bring greater accountability and transparency, specific classes of unlisted companies have been proposed to prepare and file their periodical financial results

We do need multiple sources of data on formal employment to be able to properly judge its significance and growth