EPFO tightens PF withdrawal norms INFANTINO OF SWITZERLAND IS NEW FIFA CHIEF FIR against Girgaum event organisers; fire dept to change rules
Retirement fund body Employees’ Provident Fund Organisation (EPFO) has tightened norms on withdrawal of provident fund as well investment of such amount in Varishtha Pension Bima Yojana for its over five crore subscribers. “Now, the subscribers will not be able to claim withdrawal of their provident fund after attaining age of 54 years. They would have to wait till attaining the age 57 years. The ministry has notified new rules,” a senior official told PTI.
As per the earlier norms, the EPFO subscribers were allowed to claim 90% of their accumulations in their PF account at the age of 54 years and their claims were settled just one year before their retirement.
The official said that the earlier clause was relevant because there were establishments where retirement age was 55 years or 56 years.“In today’s scenario when retirement age is 58 years across all organisation the clause of scheme is not relevant. But the big change is that now under this facility, the subscriber would be able to withdraw his contribution and interest earned on it unlike 90 per cent of the total accumulations earlier.”
Gianni Infantino pulled off a stunning victory Friday to take over as FIFA president. The Swiss official received 115 of the 207 eligible votes in the second round to earn a decisive majority over Sheikh Salman of Bahrain, who had been the strong favourite entering the election. The 45-year-old former lawyer saluted voters by patting his right hand over his heart, and had to compose himself before starting his acceptance speech.
“We will restore the image of FIFA and the respect of FIFA. And everyone in the world will applaud us,” Infantino said.
Nearly two weeks after a fire broke out during a Make In India event at Girgaum, the Mumbai police on Friday filed an FIR against the organisers.
A defect in the electric circuit was the spark for the fire, which spread rapidly as a lot of combustible material, including LPG cylinders, were stored below the stage, the report filed by the fire brigade said. The report stated wilful negligence by the organisers caused the February 14 blaze that gutted the stage at the gala Maharashtra Night.
The spokesperson for Mumbai police, Dhananjay Kulkarni, confirmed the FIR had been filed .
The Mumbai fire brigade also said on Friday that it will start asking organisers for an undertaking if they want to use pyrotechnics or fireworks during programmes. A recommendation for this was made in the fire bri- gade report.
The fire broke out during a dance performance, just a few feet from where governor Ch Vidyasagar Rao, chief minister Devendra Fadnavis, Shiv Sena chief Uddhav Thackeray, and actors Amitabh Bachchan, Aamir Khan were seated.