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India's foodgrain production projected to drop by 7 %

India's foodgrain production is projected to drop by 7 per cent to about 120 million tonnes this year due to poor monsoon. According to an official release, foodgrain production stood at 129.24 million tonnes in the last kharif season. The decline is being attributed to delay...


RBI to banks: Be careful while opening accounts under PMJDY

The Reserve Bank of India (RBI) has cautioned the banks to be more careful while opening accounts under the Pradhan Mantri Jan Dhan Yojana. The Executive Director of the RBI, Mr. P.Vijay Bhaskar told at a seminar in Kolkata on Friday that a single individual can open multiple accounts in d...


EPFO mandates firms to provide workers' bank a/c numbers

Employees' Provident Fund Organisation, EPFO has made it mandatory for firms to provide their employees' bank account numbers with IFSC code to facilitate allotment of Universal PF account number and payment to its subscribers. EPFO in its order has said that the firms will have t...


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