Views

Govt is silently looting unclaimed PF accounts. Why this money is not added to fund gap of EPF pension .Every body thought after non stop drama of Modi before Loksabha polls that corruption will be controlled by him.We thought that with control on corruption in expenditure ,taxes will go down.But inspite of windfall crude gain,tax is increased highly. In India tax burden is directly related to corruption level, which clearly shows that it is increasing

 

Happy Birthday @Karthikeyan

 

Very true... The corruption in the PRIVATE SECTOR is at its peak!!!

 

Ooh so main problem is corruption in EPF departments. Impeccible conclusion especially when the pepetrators ie the corrupt Private Sector doesnt even find a mention in your post!!!!

 

I never said that the private sector is honest. But it is the duty of the various government departments to see that the private sector honestly complies with their legal responsibilities. It is the duty of the Collection Officers/ Recovery Officers to see that the government dues are paid in time.

Request your valuable comment on following :

If your employer has deducted your share of EPF from your wages/ salary but not deposited the same with EPF department And/ Or the Employer has not deposited Employer's share of EPF deposit with EPF department, you cannot apply for EPF withdrawal or EPF Pension. The department will reject your application saying that your Employer has not paid the EPF dues. Why?

It is not your fault, but you will still suffer. Why?

Same case with ESIC also. If your Employer has not deposited ESIC dues with ESIC department, you don't get ESIC benefits.

 

Watch these videos and laugh a little :

 

Government is planning to reduce its ownership in PSU Banks. Soon Government will have only 49% stake in PSU Banks. But the PSU Banks will still be governed/ controlled by RBI.

 

Anything wrong with PSU banks being governed by RBI? Just governed .... Not controlled for RBI does not control banks

 

govt. is looking to bring down stake in psb. but who will buy stake?
i think only LIC will !!!

 

@bomba

@BombayBoy

Thanks a lot.

 

What i meant was RBI will be still be the Regulator for PSU Banks. But the PSU banks will become Private Bank. Off course, this is difficult as the Government will have to convince the Bank employee unions. The Bank employee unions will surely oppose this move of stake reduction.

 

Change in ownership pattern not likely to trigger protest. This could happen when change in culture and management and professionalism is brought about.

 

Post march 2017.... There will be a clamour to lap up any dilution

 

If the Bank is privatized, "change in culture and management and professionalism" is bound to happen.

 

Surely you know the significance of holding 49% post dilution....

 

...Whoa! Govt & Policy Bashing goes on!
Do you even know about the radical reforms taking place in EPF
1.All payments are compulsorily online from 2015 onwards.
2. Unique UAN number mandatory for all employees , linked with AADHAR & Bank account details to avoid fraudulent accounts.
3. The so called Chai Pani EPF officers are allotted areas randomly online by their department on a quarterly basis to avoid repetition
4.automated notices sent to Establishments who's due exceed 3 months., Followed by Freezing of Bank Accounts.!!..These are just a few...
Had the Stock market been at 28,000 to 30,000 during this Budget , with all & sundry stocks including Multi Baggers hitting 52wk highs, Each & everyone & his neighbor would be singing a different tune...
Oh & everyone seems to have forgotten the LTCGT issue & govts decision to leave it untouched

...Its work in progress.....Give the government a full 5 year term.... Then vote it out if it does not deliver...In the meanwhile.....
Lets not be armchair critics & key board warriors...there are enough of them...
And if we still arent satisfied....Lets us suggest to the next government a new Ministry of EPF!!!
No prizes for guessing who the Minister of EPF would be!!!

Happy Investing!!

 

Please dont take away the pleasure or maybe venting/opinion voicing window in here of the many who think they know how to run this country and policies better.

 

@darth we are like that only, it happens only in India

finally with the rollback of tax on EPF, will miss the useful discussions which ranged from food adulteration, chai pani by EPFO officers, taxing agricultural income to linking rivers, the demographic dividend becoming a liability to i said so

congratulations to the educated and hardworking middleclass

does anybody fancy JBF Industries and Graphite India?
sugar stocks look set for a sweet run-up

 

यह जमाने की बात है इस सरकार की नहीं.

 

....Bilkul usi tarah...Aaj ki samasya pichaley dus saal ki sarkaar ki bhet hai !!Pardon me Mr Rajesh..wanted to type in Hindi could not figure out how ...