Living Well with Diabetes

 

 

12 Time Wasters

 

Jyothy Labs spikes on report Germany's Henkel may buy stake BT Online

Shares of Jyothy Laboratories pared much gains to rule over 2 per cent higher after rising as much as 15.74 per cent in trade on Thursday.

Nearly 1.7 million shares changed hands as of afternoon trade, more than 16 times the 30-day average.

 

"All indications were positive that Germany's Henkel AG would put in a bid for the Indian company, though nothing had been finalised, said Ullas Kamath, CFO, Jyothy Labs to Business Standard.

Henkel holds option to buy up to 26 per cent of Jyothy.

Option was agreed upon after Jyothy bought a majority stake in Henkel's Indian unit in 2011.

 

How to avail tax relief under section 80G for your contribution to Chief Minister Relief Fund, Tamil Nadu

You might have generously contributed to Chief Minister' s Relief Fund during Chenna Floods. You may know that all such contributions will be entitled to 100% Income Tax exemption under Section 80G of the Income Tax Act. Tax filing time is nearing for the Assessment Year 2016-17 ( Financial Year 2015-16).

 

How to avail tax relief under section 80G for your contribution to Chief Minister Relief Fund, Tamil Nadu ?

Simple.... If you know the following details, you can easily claim the tax relief

 

Name of the Donee: “Chief Minister's Public Relief Fund"

Address: The Joint Secretary & Treasurer Chief Minister's Public Relief Fund Finance (CMPRF) Department Government of Tamil Nadu Secretariat, Chennai 600 009 Tamil Nadu, INDIA

City or Town : Chennai

State : Tamil Nadu

Pin code : 600009

PAN No. of Donee: AAAGC0038F

If you fill all the above details along with actual amount contributed in the A row of 80G tab of your return, you can avail tax relief. No need to submit any proof of contribution along with returns. However, if assessing officer asks proof while scrutinising your returns, you should be in a position to submit the promos

 

EPFO puts on hold new PF withdrawal norms till July 31

“The notification (tightening PF withdrawal norms) will be kept in abeyance for three months till July 31, 2016. We will discuss this issue with the stakeholders,” Labour Minister Bandaru Dattatreya told reporters.

His announcement comes in the midst of protest by labour unions in several parts of the country against the bar on withdrawing employer’s contribution from the PF money.

People have also launched online campaign against the decision, which was to be implemented from February 10 but was later put on hold till April 30. Police yesterday lathi-charged a crowd of garment factory workers protesting against the amendment to the EPF Act.

Dattatreya said a meeting of the Central Board of Trustee would be called “to see how best the employers’ contribution to EPF (3.67 per cent of basic wages) can be utilised for workers.”

The Labour Ministry is also contemplating permitting withdrawal of all accumulations by Employees’ Provident Fund Organisation’s (EPFO) subscribers on grounds like purchase of house, serious illness, marriage and professional education of children. The matter has been referred to Law Ministry for clearance. In February, the ministry had issued a notification restricting 100 per cent withdrawal of provident fund by members after unemployment of more than two months, among others.

Following the concerns raised by trade unions and other stakeholders, the ministry decided to keep the notification in abeyance till April 30. Its implementation has been again deferred till July 31, as per a Labour Ministry statement.

Now, the EPFO subscribers who are out of job for more than two months can file for full and final settlement of provident fund till July end.

“On the direction of Labour Minister, the said provision will now come into effect from August 1, 2016 by issue of an amended notification,” the statement said.

The proposal to amend the scheme to allow all accumulations on different grounds like purchase of house, serious illness, marriage and professional education of children, has been sent for vetting by the Law Ministry.

The proposal also allows withdrawal of all accumulation by EPFO members who have joined an establishment or firm of central or state government and became the member of contributory provident fund or old age pension under any scheme frame by them.

The unions have been demanding complete rollback of the decision tightening the PF withdrawal norms.

Earlier in February, the EPFO had amended the EPF Scheme 1952 to tighten the various norms for withdrawal of provident fund including increasing age limit for filing such claims by retiring employees to 58 years from 54 years.

Besides, the EPFO had also restricted withdrawal of PF to own contribution of subscribers and interest earned on that, if the claimant has remained unemployed for more than two months. The member would be able to withdraw employer’s contribution on maturity.

It was stipulated that the requirement of two months’ unemployment will not apply in cases of women members resigning from the services for the purpose of getting married, on account of pregnancy or child birth.

According to the new norms, subscribers will not be able to claim withdrawal of PF after attaining 54 years of age. They would have to wait till attaining the age 57 years.

As per the earlier norms, subscribers were allowed to claim 90 per cent of their accumulations in their PF account at the age of 54 years and their claims were settled just one year before their retirement.

As per experts, the earlier clause was relevant because there were establishments where retirement age was 55 years or 56 years. But this will create a problem in private as well as public sector where people opt for voluntary retirement.

In another change, EPFO had made it mandatory to wait till attaining the age of 57 for claiming PF withdrawal for transferring that to the Life Insurance Corporation of India for investment in Varishtha Pension Bima Yojana.

Earlier norms used to allow subscribers to claim 90 per cent of their accumulations for investing in the scheme after attaining the age of 55 years.

Activate Do Not Disturb on Mobile Networks

Unwanted marketing messages and calls made by the mobile network operators are extremely annoying. Luckily TRAI (The Telecom Regulatory Authority of India) has introduced the service NCPR (National Consumer Preference Register), formerly called DND (Do Not Disturb).

With NCPR, the chances of receiving these unwanted messages is almost zero.

How to Activate Do Not Disturb India Registration

This process of activating do not disturb service is all same for Aircel, Airtel, BSNL, Tata DoCoMo, Idea Cellular, Loop Mobile, MTNL, Reliance Communications, MTS India, Tata Indicom, Uninor, Vodafone and etc. Fully Blocked Category

Send SMS at START 0 to 1909 or Call at 1909

Partial Blocked Category


You can also De-Register the DND service to receive the marketing calls and messages in future. To do that, just send an SMS STOP and send it to 1909. You can also call 1909 to cancel the service.

Religare 2015 stock picks


Religare recommends IPCA labs, M&M, PI Industries, Sundaram Finance and Wipro for the year2015

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