EPF interest rate hiked to 8.15%
The government has increased the rate of interest on Employees’ Provident Fund (EPF) deposits to 8.15% for the financial year 2022-23. This is the highest in 4 years and will benefit over 6 crore EPFO subscribers. The higher interest rate will help people save more money for their retirement and other financial goals.
FM Nirmala Sitharaman pitches for stronger global rules to fight financial crimes
India pitched for further strengthening the global architecture to tackle financial crimes, money laundering, and tax evasion in a more synchronised and effective manner. “We hope that the G20 continues exploring the options to further strengthen the global architecture to fight financial crime and assist jurisdictions in enhancing their law enforcement capacity,” finance minister Nirmala […]