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Business

BJP MP wants max EDLI cover to be ₹10.50 lkh

economictimes.indiatimes.com ·

Rajya Sabha member of the BJP, Ajit Gopchade, has penned a letter addressed to Prime Minister Narendra Modi, proposing an increase in the maximum Employee Deposit Linked Insurance Scheme (EDLI) coverage from Rs 7 lakh to Rs 10.50 lakh. This request comes in the wake of the Employees' Provident Fund (EPF) wage ceiling increase from Rs 15,000 to Rs 25,000, marking a 67% rise.

Gopchade further suggests that the government should conduct a thorough financial and actuarial review to determine a proportionate increase in the EDLI maximum benefit. The EDLI scheme serves as a life insurance policy for EPF members, providing a minimum of Rs 2.5 lakh and a maximum of Rs 7 lakh to the nominee upon the death of an EPF member during their employment.

Written by urgent.news from The Economic Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

Read the original at economictimes.indiatimes.com →

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Shipping can tap into a wider seafaring talent pool by including more women, BIMCO panel hears

With women making up only 1.2% of seafarers, shipping has a major opportunity to broaden its talent pool, BIMCO’s Ship Manager Advisory Panel heard at its latest meeting.

  • BIMCO panel discusses expanding seafaring talent pool with more women
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·hellenicshippingnews.com

Korean Tanker Uses Suez Route for Crude Oil

The Ministry of Oceans and Fisheries announced on Oct. 5 that a Korean tanker has passed through the Suez Canal, located on the northern side of the Red Sea, and is transporting crude oil to the…

  • Korean tanker successfully navigated through Suez Canal on October 5.
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·hellenicshippingnews.com

Tullow begins supplying Jubilee, TEN crude to local refineries

By Ashiadey Dotse Tullow Oil has started supplying crude oil produced from its fields in Ghana to local refineries as efforts intensify to support domestic oil processing.

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  • Company plans 14 shipments in 2026, including 11 from Jubilee.

·gbcghanaonline.com

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