EPFO makes online claims mandatory for PF withdrawals above Rs 1 mn

Under the pension scheme, there is a provision of part withdrawal of pension, commonly known as commutation of pension money


Retirement fund body EPFO has made it mandatory to file online claims for provident fund withdrawals above Rs 1 million, taking another step towards becoming a paperless organisation.

The Employees Provident Fund Organisation (EPFO) has also made it mandatory to file online claims for withdrawals of above Rs 0.5 million under the Employees Pension Scheme 1995.

Under the pension scheme, there is a provision of part withdrawal of pension, commonly known as commutation of pension money. At present, EPFO subscribers have the option of filing online as well as manual claims for provident fund withdrawal as also for a pension.

The decision was taken at a meeting chaired by Central Provident Fund Commissioner on January 17, 2018, an official said.

The official said the field offices have been directed that the claims must be accepted online in case the amount of provident fund withdrawal is above Rs 1 million.

Similarly, the claims must be online in case the amount is above Rs 0.5 million under employees’ pension scheme, the official added.

The bank account of the subscriber has to be seeded and verified in the system before the online claims can be settled.

Moreover, the subscriber should have been issued a universal account number and same must be activated.

The official said that all claims exceeding the said limits would not be accepted in the physical form now onwards.

The EPFO has over 60 million subscribers and manages a corpus of Rs 10 trillion.

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Meghalaya, Nagaland polls 2018: One dead in clashes; top 10 developments

Voting underway in Meghalaya and Nagaland Assembly elections 2018; BJP and Congress slug it out for the Northeast


Voting in the crucial Meghalaya and Nagaland Assembly elections began on Tuesday at 7 am amid tight security, with the Bharatiya Janata Party (BJP) and Congress slugging it out to see who would emerge as the more dominant party in the Northeast. Despite security being beefed up, one person was injured in a bomb blast at a polling station in Mon District’s Tizit in Nagaland.

According to the Election Commission, 22 per cent voting was recorded in Meghalaya till 9:30 am. While 17 per cent voting was recorded in Nagaland till 9 am.

Nagaland CM TR Zeliang has said that he will move towards a Naga political solution after the state polls are concluded.

The two states have a 60-member House each. However, voting will be held only for 59 constituencies in each. Voting for the 60-member Assemblies will commence from 7 am and conclude by 4 pm, except at some polling stations in Nagaland’s interior districts where the process is scheduled to be completed at 3 pm.

Encouraged by the formation of governments in Assam, Manipur, and Arunachal Pradesh, the Bharatiya Janata Party (BJP) is making a determined bid to expand its footprint in the Northeast. Meanwhile, the Assembly election’s outcome in Meghalaya is particularly significant for the Congress, which has been ruling the state for the past 10 years.

The results of the polls in the two states, along with that of Tripura, will be declared on Saturday, March 3. The high-octane Meghalaya and Nagaland Assembly elections campaign, during which barbs flew thick and fast among parties, ended on Sunday.

Here are the top 10 developments in the crucial Meghalaya and Nagaland Assembly polls:

1) Naga political solution after polls: Speaking to news agencies, Nagaland CM TR Zeliang said, “We expect that polling will finish smoothly and we will get absolute majority according to the voice of the people. We hope peace will prevail in the state and we will move for Naga political solution.”

Article Source By : Business Standard

Sridevi funeral: Actor drowned; body still in Dubai; top 10 developments

Sridevi’s death case took a new twist on Monday as her autopsy report revealed that she died due to accidental drowning and not cardiac arrest


Veteran actor Sridevi’s mortal remains are still in Dubai, pending paperwork. After receiving the Autopsy report, the Dubai police has started examining the circumstances of the actor’s death. According to media reports, police are trying to recreate the sequence of events leading up to her death and have questioned those accompanying her, including her husband.

Meanwhile, Indian Envoy to UAE Navdeep Suri assured that the Indian embassy was trying hard to send Sridevi’s body to India at the earliest.

“Our embassy and consulate are working closely with local authorities to expedite the return of Sridevi’s mortal remains and also keeping Kapoor family apprised. It is our endeavour to send mortal remains of Sridevi to India at the earliest, ” Suri told ANI.

Sridevi’s death took a new twist on Monday as her autopsy report revealed that she died due to accidental drowning and not cardiac arrest as reported earlier. The autopsy report has also revealed that there were traces of alcohol in her blood.

Today, her body will be moved to the AL Muhaisana embalming unit and will be repatriated to Mumbai once all the paperwork and investigation has been completed.

There have been conflicting reports on the questioning of Boney Kapoor. According to several media reports, Boney Kapoor was summoned by the Dubai police for questioning. However, Dubai-based Khaleej Times reported that Kapoor was not summoned by the police. Kapoor was questioned only at the time of the discovery of Sridevi’s body at the hotel room, the report further said.

Here are the top 10 developments since the death of the legendary actor: Sridevi Death


Vardhman Polytex Live NSE/BSE Share Price: Get Vardhman Polytex Stock Price details, News, Financial Results, Stock Charts, Returns, Research Reports and more


vardhman polytex share price

Promoted as a joint sector company by Mohta Industries (MIL) and the Punjab State Industrial Development Corporation (PSIDC), Vardman Polytex (VPL) was incorporated as Punjab Mohta Polytex. The promoters also have interests in Mahavir Spinning Mills and Vardhman Spinning and General Mills.

The company came out with a rights issue at a premium of Rs 60 aggregating Rs 24.92 cr and 28.48 lac 13% secured NCDs of Rs 250 aggregating Rs 71.21 cr in Jan.’95. The issue was to set up a 100% EOU with an installed capacity of 25,200 spindles in Punjab, expansion of its plant, and to meet long-term working capital needs. Total project cost was Rs 110.14 cr.

VPL manufactures coarse, medium and fine counts of 100% cotton yarn. It also produces 100% acrylic yarn, acrylic cotton yarn, polyester cotton yarn and tyre cord yarn. The company exports its products to the UK, Belgium, Italy, Germany, Korea, Australia, New Zealand, Hong Kong and Taiwan.

During 1998-99, the company had taken expansion by way of a new unit of 19,872 spindles at Baddi at a cost of Rs 41 crs which was commissioned on November, 1999. The Bathinda unit was also upgraded with an investment of Rs.34.00 crore making it capable of competing with the best in cotton yarns.

An expansion of spindles was taken up latter in the year 2001 at a cost of Rs.2845.00 lacs.The total cost was partly finance through internal accruals and partly from term loans from FIs. The company has started expansion plan to enhance the capacity to 25000 spindles for spinning and a dye house at the newly acquired site at Focal point,Ludhiana.

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Phoenix Mills Share Price: Live NSE/BSE Phoenix Mills Stock Price, Share Price, Phoenix Mills Results, Returns, Charts, News & More

Phoenix Mills Ltd.

Phoenix Mills Share Price

Phoenix Mills Ltd is India’s leading developer/operator of ‘Iconic Large Format Retail-Led Mixed Use Developments’ in city centric location. The company operations generally span most aspects of real estate development, from the planning, execution and marketing of projects, through to the management and operation of the completed development.

Phoenix Mills Share Price Ltd was incorporated in the year 1905. The company began their operations as a textile manufacturing company on 17.3 acres of land at Lower Parel in Mumbai. In the year 1959, the company was listed in the Bombay Stock Exchange.

In the year 1987, the company entered into the growing real estate market where High Street Phoenix emerged as the most frequented destination in Mumbai. In the year 1992, the first multi-storied Phoenix residential towers were built on the Phoenix Mills Land. They introduced India’s first Hyper market concept ‘Big Bazaar’ at High Street Phoenix in the year 2001.

During the year 2000-01, the company through their subsidiary company, Bellona Finvest Ltd entered into joint venture with the Chatterjee Management group of companies and formed Galaxy Entertainment Corporation Ltd to take advantage of the growing opportunities in the entertainment segment.

During the year 2003-04, the company formed a wholly owned subsidiary, namely CR Retail Malls (India) Pvt Ltd. In August 2004, they formed another wholly owned subsidiary, namely Silly Point restaurants Pvt Ltd.

During the year 2006-07, the company as a group focused on mega retail malls, entertainment complexes, commercial space and hospitality units, with plans to foray into developing real estate in eight cities admeasuring a total area of 21.4 million sq ft. Ashok Ruia Enterprises Pvt Ltd, a promoter group company was amalgamated with the company. Ashok Ruia Enterprises Pvt Ltd holds interest in innovative ‘Market City’ projects in Mumbai (Kurla), Bangalore, Chennai, Pune and Raipur, which represents 13.47 million square feet of Developable Area.

During the year 2007-08, the company acquired a 25 acre plot in Rajaji Nagar in Bangalore for around Rs 320 crore from beleaguered engineering firm GKW Ltd. This was done through investments in Palladium Construction Pvt Ltd, a wholly owned subsidiary and Platinum Hospitality Services Pvt Ltd, a group company. Ruia Real Estate Development Company Pvt Ltd was merged with the company with effect from November 1, 2007.

In December 2008, the company acquired an approximate 39% stake in Big Apple Real Estate Pvt Ltd (Big Apple), the owners of the United Malls brand in Uttar PradeshBig Apple together with Phoenix Mills will develop malls by the brand name ‘Phoenix United’ across north India, particularly in the state of Uttar Pradesh, covering cities including Lucknow, Agra, Varanasi and Bareilly.

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FIR against viral song starring Priya Varrier for hurting Muslim sentiments

With her expressions, Priya Prakash Varrier stole the hearts of her social media followers as the song from Omar Lulu’s Malayali film Oru Adaar Love went viral


The makers of Malayali movie Oru Adaar Love have been booked by Hyderabad police for objectionable references to the love story between Prophet Mohammed and his wife.

The first song of ‘Oru Adaar Love’ became viral on social media within few hours of its release because of Malayalam actor Priya Prakash Varrier’s cute articulations and wink.

The upcoming movie, written and directed by Omar Lulu, tells the story of plus two (12th) students and has newcomers in the cast.

With her expressions, Priya Prakash Varrier stole the hearts of her social media followers as the song went viral.

An overwhelmed Priya said “I do not know how to react. I did what I was asked to do and never expected it to be such a hit.”

“Thank you for all the love,” Priya, who idolises Nayaantara, tweeted.

The song ‘Mankiya Malaraya Povi’, composed by Shaan Rehman and sung by Vineet Srinivasan, has got 68,81,349 views by 7.50 pm tonight.

Priya Prakash Varrier’s instant stardom — thanks to her wink and mischievous smile in a 28-second film clip — has left even her college principal eager to meet her.

Marriette A Therattil, Principal of the prestigious Vimala College here, is a senior nun attached to the Syro-Malabar Catholic Archdiocese of Thrissur.

Therattil told IANS that she learnt lately about how her 18-year-old student has became a “national trend” on social media.

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Moto Z2 Force with shatterproof display launching today: Watch it live here

The key feature of the smartphone is its shatterproof display, which, the company claims, has better resistance than conventional glass-based screens

Moto Z2 Force

Lenovo-backed smartphone manufacturer Motorola is set to launch the Z2 Force flagship smartphone with ‘shatterproof’ display at 12 noon on Thursday (February 15). The Motorola Z2 Force was first unveiled in July 2017, along with Moto Mods that the phone supports.

The key feature of the smartphone is its shatterproof display which, the company claims, has better resistance than conventional glass-based screens. The phone sports a 5.5-inch Quad HD screen of plastic-OLED breed. The screen uses a plastic layer for shatterproof properties.

In terms of specifications, the phone is powered by Qualcomm Snapdragon 835 processor.

As for the RAM and storage, the Z2 Force has 4GB/6GB RAM and 64GB internal storage, expandable via microSD card slot. Imaging is handled by a dual-camera system, utilising two 12-megapixel cameras on the back. For selfies, there is a 5MP camera on the front.

The Motorola Z2 Force runs on Android Nougat 7.1.1 out of the box with support for Android Oreo scheduled some time soon. The phone relies on USB type-C for data transfer, charging and audio output. The phone is powered by a 2,730 mAh battery that can further be expanded using Moto TurboPower Mod, which might come bundled with the smartphone in India.

The launch of the Motorola Z2 Force is scheduled to go live on YouTube. you can watch it here:

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