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Showing posts from October, 2020

NEW EMPLOYEE PROVIDED FUND CHANGES IN PANDEMIC

  EPFO may credit first instalment of 8.5% interest by Diwali The EPFO central board in September said it will pay 8.5% interest to its subscribers for the year ended 31 March The retirement fund body’s earnings were badly hit in March due to coronavirus pandemic The retirement fund body’s earnings were badly hit in March due to coronavirus pandemic. "In view of exceptional circumstances arising out of covid19, the agenda regarding interest rate was reviewed by the central board and it recommended the same rate of 8.5% to the central government," the labour ministry earlier said  The EFO  central board in September said it will pay 8.5% interest to its subscribers for the year ended 31 March. The interest rate be divided into 8.15% and 0.35%. While the government-managed fund may transfer 8.15% interest by Diwali, the rest of the 0.35% is likely to be credited by December, according to reports.

Warren Buffett Shares Experience

  Warren Buffett gave investing advice to investigative journalist Bob Woodward, bought 100 Microsoft shares after meeting Bill Gates, and made a $37 billion acquisition because of a chance encounter, he told David Rubenstein in an interview for "How to Lead: Wisdom from the World's Greatest CEOs, Founders, and Game Changers." Rubenstein, the cofounder and co-executive chairman of The Carlyle Group, published the book in September. He spoke to Buffett, a billionaire investor and the CEO of Berkshire Hathaway, in 2016. Here are Buffett's 10 best quotes from the interview: 1. "The railroad business had a bad century. They're kind of like the Chicago Cubs. Everybody has a bad century now and then" — on Berkshire's purchase of the Burlington Northern Santa Fe railroad in 2009.

Microsoft CEO Satya Nadella Action about Work from home

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  Microsoft CEO Satya Nadella says he is tired of Work From Home Microsoft CEO Satya Nadella finds Work From Home extremely tiring, which makes him drowsy and sleepy. He is now sick of it. Microsoft CEO Satya Nadella is tired of Work From Home. Like literally. In an interview Nadella says that the nature of working from home makes him sleepy and tired all the time. He particularly blames video calls that he finds require more effort to concentrate and make people tired. In an interview with the Wall Street Journal, Nadella said, “Somebody once described this. When people say you're working from home, it feels sometimes like you're sleeping at work." Then he explained it by blaming video calls that are often part of Work From Home routine. “Thirty minutes into your first video meeting in the morning, because of the concentration one needs to have on video, you're fatigued," he said. Currently, Microsoft, like most of the other companies across the world are in Work...

pension

  Every Central Government pensioner has to submit life certificate in the month of November for further continuation of his/her pension. It has been observed that a large number of Central Government pensioners physically visit bank branches for this purpose. Earlier, as a measure to enable additional dedicated time to very senior pensioners, the pensioners in the age group of 80 years and above were allowed to submit Life Certificate from 1st October onward instead of 1st November, every year. However, the pensioners in the age group of 80 years and above, can submit Life Certificate from 1st October, 2020 onwards, to 31st December, 2020. During this extended period, the pension will be continued to be paid by the Pension Disbursing Authorities (PDAs) uninterrupted. The above measures are expected to avoid rush at branches and maintain social distancing, while obtaining Life Certificates from the elderly this year. PDAs shall also ensure proper arrangements and social distancing ...