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EPFO crosses historic 5 crore claims settlement mark

Union Minister for Labour & Employment and Youth Affairs & Sports Mansukh Mandaviya announced that the Employees' Provident Fund Organisation (EPFO) has achieved a historic milestone by crossing the 5 crore claims settlement mark for the first time in its history.

RBI likely to hike repo rate by 50 bps in its next policy meet: Morgan Stanley

Faced with sticky inflation and a continued hawkish stance by various central banks, the Reserve Bank of India is likely to raise repo rates by another 50 basis points with an unchanged policy stance when it meets for the next monetary review, global investment and financial services firm Morgan Stanley said.