EPFO eases online claim process

Retirement fund body EPFO on Thursday said applicants seeking withdrawal from provident funds online do not have to upload the image of a cancelled cheque and their bank accounts need not be verified by employers. The move is expected to fast-track claim settlement process for nearly eight crore members and ensure ease of doing business for employers. This move aims ensure ‘ease of living’ for EPF members.

Gold climbs Rs 200 to touch record high

New Delhi: Gold prices climbed Rs 200 to hit a fresh peak of Rs 94,350 per 10g in the national capital on Thursday amid persistent buying by jewellers and stockists, according to the All India Sarafa Association. The precious metal of 99.9% purity had stayed flat at Rs 94,150 per 10g on Wednesday. Rising for the fifth straight day, gold of 99.5% purity rose Rs 200 to establish a lifetime high of Rs 93,900 per 10g.

‘Startups must focus on high-tech sectors’

New Delhi: Commerce and Industry Minister Piyush Goyal on Thursday asked the Indian startup community to shift their focus from grocery delivery and ice cream making to to high tech sector like semiconductor, machine learning, robotics, and artificial intelligence.