Need bold reforms to transform economy: Arun Jaitley
Business & Finance   Wednesday, January 11, 2017 IST
 
Need bold reforms to transform economy: Arun Jaitley

Need bold reforms to transform economy: Arun Jaitley

New Delhi: Finance Minister Arun Jaitley on Wednesday said that striking changes are required to change economy. 
 
Talking at the eighth version of Vibrant Gujarat Summit in Gandhinagar, Jaitely stated, "India needs strong choices, time now to tidy up table." 
 
"Troublesome choices at first go through troublesome stages," he included. 
 
Jaitley said that over the top paper cash has its own indecencies, it prompts to its own enticements. 
 
Expressing that GST and demonetisation will help development, the fund serve said that its effect will be seen for the current year. Talking on the demonetisation of high esteem money notes, FM included, " After transient effect, demonetisation will prompt to cleaner and bigger GDP"



 
 
When you change job. PF account will be transferred automatically
Business & Finance   Wednesday, January 11, 2017 IST
 
When you change job. PF account will be transferred automatically

When you change job. PF account will be transferred automatically

New Delhi: If you intend to change your job next month, you won't need to stress on the Provident Fund viewpoint.

From September, the Provident Fund of your present association will be naturally exchanged to the following office that you join, according to a report in the Times of India.

TOI citing chief provident fund commissioner V P Joy stated, "Now we have made Aadhaar obligatory for enrollment. We don't need records to be shut. The PF account is the changeless record. The worker can hold a similar record for standardized savings".

The PF official is pushing a large group of activities in the Employees' Provident Fund Organization (EPFO) to make it more specialist amicable. In any case, one of the principal challenges that the Retirement finance body confronted was the untimely conclusion of records at whatever point there was a change of employment.

"We are endeavoring to guarantee the exchange of cash on the off chance that one changes employments, with no application, in three days. In future, on the off chance that one has an Aadhaar ID and has confirmed the ID, at that point the record will be exchanged with no application if the laborer goes anyplace in the nation. This framework will be set up soon," Joy told the TOI.

EPFO has made it required for all endorsers and in addition retired people to present their Aadhaar number. This will help to connect EPF account, annuity account, financial balance and Aadhaar number which would, in the end, encourage giving a large group of online offices to endorsers like online withdrawal and obsession of benefits.



 
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