EPF rule scrapped, TCS' new appraisal & more

THE ECONOMIC TIMES Sat, Apr 23, 2016 | 12:24 PM IST Weekly Platter Newsletter

Government rolls back restrictions on withdrawal of provident fund This is the second major stepback by the government on provident fund in less than two months and comes close on the heels of it withdrawing the budget announcement read more Vishal Sikka opens up Infy-nite possibilities for IT Giant Infosys grows at 9.1% in 2015-16 but expects to do much better next year and is on path to become an industry trendsetter again. Bullet train will need 100 trips daily to be financially viable: Study Japan has offered a concessional loan of Rs 97,636 crore to fund about 80 per cent of the project cost with a repayment period of 50 years.

Editor's Pick KM Joseph: Judge who gave landmark judgement in Uttarakhand The son of the late Supreme Court judge KK Mathew, Joseph is known for his "simple lifestyle" and keeping abreast of the latest on law. Billionaire Mallya didn't hesitate to claim Rs 20,000 in perks as RS MP! Mallya regularly pocketed Rs 50,000 per month as a parliamentarian's salary as well as other perks like constituency allowance and telephone reimbursements. After Zomato, Snapdeal more startups brace for second round of layoffs Employee costs at India's leading startups account for about 35% of their overall cash-burn rates, according to industry analysts. No need for RBI Governor Raghuram Rajan to explain comments Rajan's critics have every right to respond but shouldn't they be asking a different kind of a question? What did Rajan say that was so wrong and so hurtful?

Most Popular This Week US jury slaps $940 million fine on TCS, Tata America International Corp in trade secret case Here's how you can maximise your take-home pay by making right investment declarations Mark Zuckerberg buys domain name from engineering student in Kochi Social media becoming the Jantar Mantar of sorts for protesting homebuyers E-toll starts from Monday! Now, make cashless payments at 275 toll plazas

Story of The Week TCS abandons bell curve based performance appraisal; shifting to system of continuous feedback Chandrasekaran said TCS was looking at building more digital, collaborative tools to ensure that the continuous feedback process is easy to maintain. read more

Money

Jobless for over 2 months? Get your full EPF out till April 30 Hitherto, a member of EPFO could withdraw 100% of the accumulated corpus if unemployed for a period of 2 months or more.

Stock Round Up Sensex, Nifty50 end flat; HUL, Asian Paints top losers Investors seemed cautious during the ongoing 4th quarter earnings season. Sentiment in the global market, too, was mixed. Hence, the Sensex ended 0.16% lower.

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