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INDIAN (B)

Govt notifies 8.65% interest rate on EPF for 2018-19

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The labour ministry has notified 8.65 per cent interest rate on employees provident fund for 2018-19, which will now be credited to the accounts of more than 6 crore subscribers of retirement fund body EPFO, Union minister Santosh Gangwar said on Tuesday. The EPFO has been settling EPF withdrawal claims at 8.55 per cent interest rate, approved for 2017-18.



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INDIAN (B)

Why travel giant like Thomas Cook failed

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After 178 years of operation, British tour operator Thomas Cook, one of the world’s oldest travel brands, with 19 million annual customers, closed shop on Monday. The company announced that it would be liquidating its assets and filed for bankruptcy, despite attempts to rescue the brand.



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