Business Briefs 06-03-2014

PF rate at 8.75% AirAsia move Asean meet Core push Revenue hope

By The Telegraph Online
  • Published 6.03.14

PF rate at 8.75%

New Delhi, March 5: The government has approved payment of 8.75 per cent rate of interest on PF deposits in 2013-14 for over five crore subscribers of retirement fund body EPFO. “The finance ministry has given its concurrence to the Employees’ Provident Fund Organisation’s (EPFO) trustees’ decision to provide 8.75 per cent rate of interest to its members for the current fiscal,” an official said.

AirAsia move

New Delhi, March 5: The Delhi high court today sought responses of the Centre and AirAsia on a plea by the Federation of Indian Airlines opposing the go-ahead given to the airline to begin its operations in India. The court also issued notice to the FIPB and renotified the matter for March 12 to be heard with BJP leader Subramanian Swamy’s plea challenging clearances granted to AirAsia.

Asean meet

New Delhi, March 5: Ministers and government representatives from Asean nations will meet for a two-day annual event beginning here tomorrow to discuss ways to strengthen ties between India and member countries, particularly to link the Northeastern states with the emerging markets of the group.

Core push

New Delhi, March 5: The new government will need to revive investments and push infrastructure projects within the three months of being elected to bring growth back on track, Planning Commission deputy chairman Montek Singh Ahluwalia has said.

Revenue hope

New Delhi, March 5: Nearly 80 per cent of luxury industry executives are optimistic about increase in their firms’ revenues during the first quarter of this year, a Wealth-X luxury survey said.