New Interest Rate for Tamil Nadu GPF Effective July-September 2024

The Tamil Nadu Finance (Allowances) Department has announced an update on the interest rates for the General Provident Fund (GPF) for the financial year 2024-2025. According to recent government orders, the interest rate for GPF accumulations will be set at 7.1% for the period from July 1, 2024, to September 30, 2024.

Important Notice: Holiday for Panchayat Elections 2024

In accordance with the Representation of the People Act, 1951, the Governor of Tripura has declared a closure for all government offices, Magisterial Courts, educational institutions, financial institutions, and other establishments on August 8, 2024 (Thursday) in areas where the Panchayat Elections 2024 are scheduled.

Ensuring Timely Determination of ESI Contributions: A Call for Compliance

The Employees State Insurance Corporation (ESIC) has issued a critical reminder for timely determination of contributions under the ESI Act, 1948. Recent observations indicate that some regional offices (ROs) and sub-regional offices (SROs) have issued orders beyond the five-year limit, leading to legal challenges and unnecessary litigation.