epfo

Ease of doing business: New e-form to cut time taken to start biz

The corporate affairs ministry would introduce the form -- SPICe+ -- to offer 10 services.

EPFO blocks 9 lakh employee accounts after govt finds job incentive fraud: Report

So far, the EPFO has blocked the provident fund accounts of these employees and has recovered Rs 222 crore from the employers concerned

Economic slowdown | SBI projects creation of 16 lakh less jobs in FY20

According to the SBI research report- Ecowrap, there is a decline in remittances in a few states like Assam and Rajasthan, reflecting downsizing of contractual labourers.

EPFO likely to cut interest rate by as much as 25 bps: Report

A decision on the interest rate is expected by the end of January.

EPFO to focus on subscribers' convenience, ease of doing biz through digital tools in 2020

Employees' Provident Fund Organisation (EPFO) is undertaking several digital initiatives including online Universal Account Number (UAN) generation facility for subscribers and e-inspection system for employers.

Labour Mininstry to enforce EPFO's move to restore pension commutation from January 1

Under the commutation, monthly pension used to be cut by one-third for the next 15 years and the reduced amount was given in lump sum. After the 15 years, pensioners were entitled to get the full pension.

EPFO's investment in ETFs at Rs 86,966 cr till September

The Employees' Provident Fund Organisation (EPFO) is investing in ETFs based on Nifty 50, Sensex, Central Public Sector Enterprises (CPSEs) and Bharat 22 Indices.

Why ETF should be the investment vehicle of choice in the market

In the past five years ETFs have seen their assets under management (AUM) jump more than 30-fold to Rs 1.47 lakh crore

How you can nominate EPF beneficiaries online

You can nominate more than one person and also fix the share for each nominee online

Centre owes EPFO over Rs 9,000cr, situation 'worrying' for managers: Report

This amount is only till March 2019 and the dues have since risen in the following months as the government faces continued financial pressure

EPFO supports plan that allows subscribers to switch to NPS: Report

The PFRDA regulates the NPS and the Atal Pension Yojana. The NPS is a voluntary contribution retirement scheme.

Social security for all? India can try Europe’s ‘flexicurity’

The big missing component in the draft social security code is ways to take care of unemployment in a proactive way

Trade unions oppose proposal to empower govt to reduce EPF contribution

The unions have demanded that the proposed amendment should be deleted.

Govt notifies 8.65% interest rate for over 6cr EPFO members for 2018-19

The proposal was sent for the concurrence of the finance ministry, and the labour ministry was waiting for its approval.

8.65% EPFO interest to benefit over 6 crore members in 2018-19: Santosh Gangwar

The Labour Minister said that ahead of the festival season, over 6 crore EPFO subscribers would get 8.65 percent interest for 2018-19.

EPFO seeks first right to assets in bankruptcies

In case of liquidation, EPF money should get priority over other debts, says a labour ministry proposal. EPFO is seeking to recover Rs 574 crore from IL&FS and Rs 700 crore from DHFL.

Higher take home? Labour Ministry’s proposal is myopic

Increasing take home salary by lowering employees’ mandatory contribution to PF is like enjoying today and leaving little for the rainy days

Salaries may rise as Centre proposes cut in employees' PF contribution: Report

The worker's eligibility would depend on their age, gender or pay grade, while the employer's share will remain unchanged

EPFO to launch e-inspection system to simplify process

The release quoted EPFO officers as saying that the process of claim has evolved from offline filing to digital and app-based platform and the next phase of advancement will be based on big data analytical platform that utilises artificial intelligence and machine learning to trigger all activities.

EPFO approved changes in Employees' Pension Scheme to restore commutation of pension

The move would benefit the pensioners who had opted for commutation and got a lump-sum amount at the time of retirement before 2009.

Employees' Provident Fund Organisation to invest 50% each in Sensex and Nifty

The Central Board of Trustees administers a contributory provident fund, pension scheme and an insurance scheme for the workforce engaged in the organised sector

EPFO appoints UTI AMC, SBI Mutual Fund as fund managers

The proposal to double minimum monthly pension Rs 2,000 under the Employees' Pension Scheme, 1995, was deferred as employees' representative demanded for higher amount, the source added.

EPFO may hire new agency to review ETF investments

EPFO eyes early redemption of DHFL bonds worth Rs 700cr

Congress urges Centre not to cut EPFO interest rate

Raising the issue in the Lok Sabha during zero hour, Congress’s Manickam Tagore said the move if implemented will affect 60 million non-government employees in the country.