Narendra Modi to Inaugrate Vibrrant Gujrat Summit 2015

The seventh edition of the biennial Vibrant Gujarat Global Summit 2015,will be inagurated the Prime Minister of India, Narendra Modi

The Prime Minister will inaugurate the three-day summit beginning from January 11, 2015 at Mahatma Mandir in Gandhinagar.

To be held form Jan 11 to Jan 13 2015

The 7th Vibrant Gujarat Summit is slated to take place on the 11th, 12th & 13th of January 2015, at Mahatma Mandir, in the state capital - Gandhinagar. It will bring together leading national and international business leaders, economists, policy makers, investment bankers, multilateral institutions, academicians and thought leaders from across the length and breadth of the world.

Vibrant Gujarat 2015 will be an unrivalled platform for exploring business opportunities, sharing best practices and interacting with the people who matter. Furthermore, with this year’s focus on Smart Cities for Next Generation, SMEs : Gearing up for Global Competitiveness, Gujarat: Preferred Hub for Defence Production, International Finance Centre - A Platform for Global Business, Water Management & Climate Change, Health for All : Leveraging Technology, Innovation and Enablers, Sustainable Energy for All, CSR : Touching Lives and Making an Impact, the event will put the spotlight on crucial issues and strive towards an inclusive and balanced development.

EPFO to Pay 8.75% Interest for PF Deposit for year 2014-2015

EPFO has decided to pay Interest rate of 8.75% for PF deposit for the year 2014-2015

• What is PF / Provident Fund. ( Provident Fund Explained )

PF or provident fund is calculated as a percentage of your salary ( Basic pay and Dearness allowance if any). The present rate is 12% and the same will be cut from your salary and a matching contribution will be paid from your employer reduced by contribution to your pension fund. 
The amount will be refunded along with interest when you retire. If you are resigning you have the option of transferring the the PF balance and continue with the new employer.

• What is EPFO ?

The Employees' Provident Fund Organisation  in Hindi we call it as कर्मचारी भविष्य निधि संगठन), abbreviated to EPFO, is a statutory body of the Government of India under the Ministry of Labour and Employment. It administers a compulsory contributory Provident Fund Scheme, Pension Scheme and an Insurance Scheme. It is one of the largest social security organisations in India in terms of the number of covered beneficiaries and the volume of financial transactions undertaken.