QBiz: EPF Interest Rate Hiked; Govt To Auction 66 Oilfields
21 Feb 2019 6:30 PM GMT
Top business stories in a wrap.
- The Employees’ Provident Fund Organisation (EPFO), the retirement fund manager under the Union labour ministry, raised on Thursday, 21 February, interest rate on deposits for its 60 million subscribers to 8.65 percent for 2018-19, paring its reserves to the lowest level in three years.
- Sixty-two fields of ONGC and four of Oil India will be auctioned, another government official told BloombergQuint.
- An advanced version of the Tejas light fighter could fly by 2022, said Hindustan Aeronautics (HAL) on Thursday, 21 February, a day when Army Chief General Bipin Rawat and principal scientific advisor to the government Vijay Raghavan both took flights in the fighter at the Aero India 2019 show in Bengaluru.
- Months before the nation goes to polls, the Civil Aviation Ministry has "requested" airlines flying on domestic routes to give their passengers a letter written by Suresh Prabhu that enlists various "achievements and initiatives" of the Narendra Modi government in the aviation sector.
- The airlines operating on the domestic routes have been sent a note along with the letter written by Prabhu, a copy of which has been accessed by PTI.
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