EPFO's Auto Claim 🤑

Let AI invade your news.

Author

Arjun Prasaath A
May 14, 2024

Good afternoon, Humans 🏃😄 

Heres whats going on in 🇮🇳 

  • EPFO’s Auto Claim

  • Indian Inflation Remains Steady

  • Assult Allegation Investigation

EPFO Enhances Auto Claim Settlement for Advance Claims

EPFO introduces auto-mode settlement for advance claims in education, marriage, and housing. The limit for illness advance has been increased to Rs. 1 lakh. Around 2.25 crore members are expected to benefit in 2023.

Why it's important: Streamlines claim settlement, reduces processing time, and improves convenience for EPFO members.

India's Retail Inflation Remains Steady at 4.83% in April

India's retail inflation remained stable at 4.83% in April, with food and beverage prices contributing to the marginal rise. Food inflation increased slightly to 8.70%, while overall inflation was limited due to lower non-food prices.

Why it's important: Inflation stability is crucial for maintaining economic growth and price stability, and the data provides insights into the impact of food prices on overall inflation.

NCW to Investigate Assault Allegation Against AAP MP Swati Maliwal

The National Commission for Women (NCW) has announced an inquiry into the alleged assault on AAP MP Swati Maliwal at Chief Minister Kejriwal's residence. The NCW has demanded action from Delhi Police and will send a formal letter requesting an action-taken report within three days.

Why it's important: The incident has raised concerns about the safety of women in public spaces and the accountability of authorities in addressing such allegations.

Global Chronicles 🌐 

  • India and Iran signed a long-term contract for operating Shahid Beheshti Port in Chabahar, fostering India's involvement and regional connectivity.

  • At 54, Kami Rita Sherpa sets a new record by summiting Mount Everest for the 29th time.

Market Movers 🤑 

  • The Indian rupee closed at 83.53 against the US dollar, as the dollar index fell to 105.28 in intra-day trade.

  • Oil prices rose due to increased demand from the US and China, coupled with uncertainty from the Gaza conflict, with Brent Crude at $84.46 and West Texas Intermediate at $79.90.

Sports Spectacle 🏅 
Meme of the day

Thank you for being awesome readers and staying informed with our news updates! We look forward to having you join us again on the next one for more exciting stories.

Stay curious and keep smiling!
Synapses 🔗