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Category : Business and economics
Published on: October 17 2025
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Recently, the Employees’ Provident Fund Organisation (EPFO) launched the ‘Vishwas Scheme’ under the guidance of Dr. Mansukh Mandaviya. The scheme aims to reduce litigation by rationalising penal damages on delayed PF contributions. Penal rates are capped at 1% per month, with graded rates of 0.25% for up to 2 months and 0.50% for up to 4 months of delay. It covers ongoing, finalized, and pre-adjudication cases and will remain in operation for six months, extendable by another six. The initiative benefits both employers and members by simplifying compliance, reducing legal costs, and ensuring faster recovery of dues.
India hosted the 11th Asian Aquatics Championships 2025 in Ahmedabad, where Srihari Nataraj led India to win 13 medals.
Read More....The Defence Research and Development Organisation (DRDO) and the Solar Energy Corporation of India (SECI) signed a MoU to develop 300 Megawatt solar projects across DRDO campuses, aiming for Net-Zero defence establishments by 2027.
Read More....Telangana tops India in per capita UPI transaction intensity, reflecting strong digital adoption and a shift towards a less-cash economy.
Read More....Maldives becomes the first country to eliminate mother-to-child transmission of HIV, hepatitis B, and syphilis.
Read More....Assam’s CM-FLIGHT program trains youth in Japanese to prepare 50,000 candidates for employment in Japan under the Specified Skilled Worker (SSW) visa by 2030.
Read More....Amid youth-led protests over power and water shortages, Madagascar’s military seized control, highlighting the country’s ongoing political instability.
Read More....Recently launched, EPFO’s ‘Vishwas Scheme’ cuts PF penalties, simplifies litigation, and ensures members’ retirement security.
Read More....16th IREE 2025 was held in New Delhi, showcasing innovations and modern technologies in railway and metro sectors.
Read More....Hindustan Shipyard Limited (HSL) recently got Mini Ratna status, enhancing its financial strength and innovation in maritime defence.
Read More....World Anaesthesia Day on October 16 honors painless surgery and the vital role of anaesthesiologists.
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