Here are the top stories this evening:
Govt approves 8.1% interest rate on EPF deposits for FY22, lowest in over 40 years
The government has approved 8.1 percent rate of interest on employees' provident fund (EPF) deposits for 2021-22 -- an over four-decade low -- for about five crore subscribers of retirement fund body EPFO. Earlier in March this year, the Employees' Provident Fund Organisation (EPFO) had decided to lower the interest on provident fund deposits for 2021-22 to 8.1 per cent from 8.5 per cent provided in 2020-21.
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Singapore's competition commission raises concerns with Tata Group on Air India's acquisition
Singapore’s competition commission on Friday said it has raised concerns with the Tata Group over its acquisition of Air India as the conglomerate now owns two of the three key airlines that operate flights on Singapore-Mumbai and Singapore-Delhi routes.
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SEBI finds IIFL group dealer guilty of front-running, imposes 5-year ban
The market regulator Securities and Exchange Board of India (SEBI) on June 3 passed its final order in the IIFL group front-running case, where it found the group’s equity dealer – Santosh Singh – guilty of wrongfully using his knowledge of impending orders of IIFL group entities.
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Govt asks CIL to be ready to import 12 MT of coal for power utilities