News from other websites on Employees Provident Fund
Only 8 per cent of workforce currently under EPF scheme: Official
May 17, 2013 at 11:05 | Source: Business Today
Employees' Provident Fund (EPF) compliance is very poor in India and just 8 per cent of the country's total workforce is currently under the scheme.Additional Central Provident Fund Commissioner A. Mahendra Raju earlier this week said "the complianc...
EPFO permits firms to opt for private companies group insurance cover
May 16, 2013 at 21:52 | Source: Financial Express
Firms can now ensure higher group insurance of Rs 1.32 lakh for each employee by opting for the Edelweiss Tokio Life-Group Life Protection in lieu of EDLI scheme provided by EPFO. The Employees' Provident Fund Organisation (EPFO) has engaged the Ede...
EPFO permits firms to opt for pvt cos' group insurance cover
May 16, 2013 at 20:40 | Source: Economic Times
NEW DELHI: Firms can now ensure higher group insurance of Rs 1.32 lakh for each employee by opting for the Edelweiss Tokio Life-Group Life Protection in lieu of EDLI scheme provided by EPFO. The Employees' Provident Fund Organisation (EPFO) has enga...
National Pension System posts 12-14% return in FY13, outperforms EPFO
May 16, 2013 at 20:32 | Source: Financial Express
The national pension system (NPS) regulated by the PFRDA has posted 12-14% return on most of its schemes except the equity-oriented scheme during 2012-13. The double-digit NPS return outperformed not just the close rival EPFO (Employees' Provident F...
Finance Ministry ratifies 8.5% interest on Provident Fund deposits for 2012-13
May 16, 2013 at 16:32 | Source: Financial Express
The Finance Ministry has approved payment of 8.5 per cent rate interest for 2012-13, up from 8.25 per cent in the previous fiscal, benefiting over 5 crore Employees Provident Fund Organisation's (EPFO) subscribers deposits. "Finance Ministry has not...
Govt ratifies 8.5% interest on PF deposits for 2012-13
May 16, 2013 at 13:27 | Source: Economic Times
NEW DELHI: The Finance Ministry has approved payment of 8.5 per cent rate interest for 2012-13, up from 8.25 per cent in the previous fiscal, benefiting over 5 crore EPFO subscribers. "Finance Ministry has notified 8.5 per cent interest rate for 2012...
Most National Pension System schemes deliver double digit returns
May 16, 2013 at 00:41 | Source: The Hindu BusinessLine
New Delhi, May 15: The National Pension System (NPS) has delivered double digit returns in most of the schemes in financial year 2012-13, pension regulator PFRDA said here on Wednesday. The average annual return that NPS scheme generated for Central...
May 15, 2013 at 19:56 | Source: Business Today
The National Pension System (NPS ) has yet again given higher return than Employee Provident Fund (EPF). The scheme under NPS for central government employees has given 12.39 per cent return compared to 8.5 per cent interest on EPF account during 20...
Govt ratifies 8.5% interest on PF deposits for 2012-13
May 15, 2013 at 18:02 | Source: The Hindu BusinessLine
New Delhi, May 15: The Finance Ministry has approved payment of 8.5 per cent interest rate for 2012-13 from 8.25 per cent in the previous fiscal, benefiting over 5 crore EPFO subscribers.“Finance Ministry has notified 8.5 per cent interest rat...
Finance Ministry ratifies 8.5% interest on PF deposits for 2012-13
May 15, 2013 at 15:21 | Source: Business Today
The Finance Ministry has approved payment of 8.5 per cent rate interest for 2012-13 , up from 8.25 per cent in the previous fiscal, benefiting over 5 crore EPFO subscribers ."Finance Ministry has notified 8.5 per cent interest rate for 2012-13. It w...
FinMin approves 8.5% interest on PF deposits for FY13
May 15, 2013 at 14:39 | Source: FirstPost
New Delhi: The Finance Ministry has approved payment of 8.5 percent rate interest for 2012-13, up from 8.25 per cent in the previous fiscal, benefiting over 5 crore EPFO subscribers."Finance Ministry has notified 8.5 percent interest rate for 20...
May 11, 2013 at 18:01 | Source: Business Today
An employment agreement is the key document on which the employee-employer relation is based. It is an agreement for exchange of service and remuneration over a period. It contains all key terms and conditions relating to the work - be it compensati...
Is finmin an Honest Broker when it comes to advising EPFO?
May 09, 2013 at 16:42 | Source: FirstPost
By R JagannathanWould you advice your best fund to invest his retirement money in a loss-making airline? Even if the airline in question happens to be called Air India?Probably not.But this is what the government convinced the Employees Provident Fun...
EPFO open to investing in ETF of public sector units
May 09, 2013 at 06:55 | Source: Economic Times
NEW DELHI: The Employees' Provident Fund Organisation (EPFO) can consider the finance ministry's request to initiate equity investments through the exchange traded funds of public sector firms in 2014-15. The EPFO, which has a corpus of Rs 5 lakh cro...
More benefits in National Pension Scheme for small investors
Apr 29, 2013 at 07:01 | Source: Economic Times
NEW DELHI: The government will change the withdrawal rules and provide more tax incentive to make National Pension Scheme (NPS), its flagship retirement savings scheme, more attractive for small savers. The Pension Fund Regulatory and Development Au...
Safe options for small investors in bear market
Apr 22, 2013 at 11:27 | Source: Financial Express
Stock markets continue to be volatile. The sheen on gold as an investment product too seems to be dimming as the price of the yellow metal has begun to fall. Interest rates on bank deposits are likely to be reduced in 2013-14. Meanwhile, the Employe...
Sahara India under EPFO scanner for payment defaults
Apr 22, 2013 at 11:27 | Source: Financial Express
Sahara India, which is already being investigated by market regulator Sebi, has now also come under the scanner of the provident fund department and is amongst the top defaulters of the Employees� Provident Fund Organisation (EPFO) in the country....
Finance Ministry may okay 8.5% interest for PF subscribers
Apr 22, 2013 at 05:21 | Source: The Hindu BusinessLine
New Delhi, April 21: The Finance Ministry is likely to approve this week payment of 8.5 per cent rate of interest to over 50 million EPFO subscribers for 2012-13, a move that will ensure smooth settlement of claims. “We had raised the issue of...
FinMin nod for 8.5% interest for EPFO subscribers this week
Apr 21, 2013 at 12:36 | Source: Economic Times
NEW DELHI: The Finance Ministry is likely to approve this week payment of 8.5 per cent rate interest to over 50 million EPFO subscribers for 2012-13, a move that will ensure smooth settlement of claims. "We had raised the issue of delay in implementi...
EPFO scheme: Your take-home salary is likely to come down
Apr 20, 2013 at 12:06 | Source: FirstPost
Decks have been cleared for clubbing of allowances with basic pay for PF deductions underthe EPFO scheme, a move that will increase savings but reduce take-home pay of over 5 crore subscribers.A review committee, constituted to look into the nitty-gr...
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