EPFO deposit move
New Delhi, Aug. 7: The Central Board of Trustees — the apex decision making body of the Employees’ Provident Fund Organisation — today gave its approval to the retirement fund body to park its funds in fixed deposits up to five years, short-term securities and certificate of deposits of public sector banks. However these proposals will have to be cleared by the government before implementation.
Mumbai, Aug. 7: Flight operations of Kingfisher Airlines are likely to be severely hit with a section of its pilots and engineers deciding not to report to duty from tomorrow to protest a delay in salary payment.
Frankfurt, Aug. 7: Calling the 346 per cent hike in Delhi airport charges by India’s airport regulator AERA as “unreasonable and unacceptable”, German carrier Lufthansa has said that major international airlines are holding a crucial meeting in mid-August to discuss the issue.
New Delhi, Aug. 7: Tata Steel has commenced the feasibility study on two Canadian iron ore mines, with estimated 5.6 billion tonnes of reserves, for buying a stake in them to feed its European operations.