Friday, March 16, 2012

Waiting is over: Sachin Hits his 100th century

Much awaited milestone achieved...
Sachin greets viewers
Sachin thanks the almighty
Date: 16.03.2012 
Match: India-Bangladesh
Bowler: Shakib Al Hasan
Over: 44th
Sachin Ramesh Tendulkar made history with his 100th century in international cricket. He faced 138 balls to score the century. 

Provident Fund rate cut to 8.25%

Employees Provident Fund Organization (EPFO) has slashed the return on statutory savings to 8.25% for the current fiscal from 9.5% last year, on cues from finance minister Pranab Mukherjee, it is the highest ever reduction in history

A notification for the reduction in rates for 4.72 crore EPFO subscribers was issued earlier this week, and comes days before the general Budget. In the present structure, the returns will be lower than the 8.6% paid under for public provident fund (PPF) deposits, a popular voluntary savings scheme. 

Banks too are offering 9%-9.5% deposits of much shorter duration. But compared to banks, returns on EPF are better since the annual contribution and the interest on the balance are tax free. 

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