The Employees’ Provident Fund Organisation (EPFO) on Wednesday clarified that members can withdraw 75 per cent of their provident fund amount immediately after leaving a job, while the entire balance can be withdrawn after one year of unemployment.

A statement from the labour ministry said, “Seventy-five per cent of the amount can be withdrawn immediately after leaving the job, and the full amount can be withdrawn after being unemployed for one year.

US President Donald Trump said on Wednesday (local time) that PM Narendra Modi has assured him that India will stop buying oil from Russia, a move he described as “a big step” in Washington’s efforts to isolate Moscow over the war in Ukraine, Reuters reported.

Speaking to reporters at the White House, Trump said he had previously expressed dissatisfaction with India’s oil purchases from Russia.

A lawsuit by the US Securities and Exchange Commission (SEC) accusing Adani Group Chairman Gautam Adani of violating securities laws has been temporarily paused due to the US federal government shutdown, Bloomberg reported.

Adani was indicted in November by Brooklyn prosecutors, who accused him of fraud and orchestrating a $250 million bribery scheme.

Tamil Nadu Chief Minister MK Stalin on Wednesday said that a total compensation of Rs 4.87 crore has been issued to the families of victims in the unfortunate Karur stampede incident that claimed the lives of 41 people. He also criticised the organisers of the event in Karur, revealing that there was no crowd management.

Amid growing demand for stricter compliance with safety and quality control norms for medical products, the Centre is framing a law to strengthen the legal framework for drug quality testing and market surveillance, along with regulation of medical devices and cosmetics.

One of the major reasons behind the drafting of the law is the repeated complaints and concerns flagged by health regulators across the globe, including the WHO, over serious quality lapses by Indian drug manufacturers.

China on Wednesday filed a complaint with the World Trade Organization (WTO) over India's electric vehicle (EV) and battery subsidies, claiming that the measures give an "unfair competitive advantage" to the domestic manufacturers and undermine China's interests, Reuters reported.

In a statement, China's Ministry of Commerce said it will take "firm measures" to effectively safeguard the legitimate rights and interests of its domestic industries.

The Supreme Court on Wednesday sought response of Ilaiyaraaja Music N Management Pvt Ltd (IMMA) on a plea of Sony Entertainment seeking to transfer to the Bombay High Court a fresh copyright dispute instituted by the music composer's firm in the Madras High Court.

A bench comprising Chief Justice B R Gavai and Justice K Vinod Chandran took note of the submissions of senior advocate Abhishek Singhvi, appearing for Sony Entertainment.

The Supreme Court on Wednesday eased its ban on green firecrackers and permitted their offline sale in Delhi-NCR, subject to strict conditions, news agency PTI reported.

The court said Delhi residents will be allowed to burst green crackers between October 18 and 21, from 6 pm to 10 pm, including on Diwali and the day before the festival. All green crackers sold must carry QR codes for verification.

South Korean auto major Hyundai Motor Co President & CEO Jose Munoz on Wednesday said the company's Indian arm will invest ₹45,000 crore by FY30, aiming to make India its second-largest region globally.

Addressing investors here in his first visit to the country, Munoz said Hyundai Motor India Ltd (HMIL) has set a target of up to 30 per cent export contribution.

Pakistan Prime Minister Shehbaz Sharif on Monday (local time) lauded US President Donald Trump for his role in brokering peace in Gaza, calling him “genuinely, a man of peace".

Sharif made the remarks at the Gaza Peace Summit in Sharm el-Sheikh, Egypt, shortly after Israel and Hamas agreed to a ceasefire.

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