PM assures to resolve issues of EPS-95 pensioners | Nagpur News – Times of India Nagpur: Raising hope for over 67 lakh pensioners, Prime Minister Narendra Modi has assured a delegation of National Agitation Committee (NAC) that he would look into their long pending demands and resolve them. The Buldhana-based NAC, representing Employee Pension Scheme […]
PM: Assures To Resolve Issues Of EPS-95 Pensioners Read More »
The social security scheme EPF or employee provident fund is administered by the Employees’ Provident Fund Organisation (EPFO) and like every other investment avenue earns interest. For the FY ending 2021, the EPFO has announced interest rate of 8.5 percent and the same is still not credited to the eligible EPF account holders’ account. Interest
EPF Interest For FY 2020-21 Delayed; Department Says Maintain Patience Read More »
Introduction India is a socialist country. Therefore, social benefits that are governed by labour laws are regarded as sacrosanct. Social security schemes in India not only protect the employees but also their families by giving benefits in financial security and healthcare. These schemes guarantee long-term sustenance for families when the earning member retires, dies, or
Availability Of Employee Death Benefits Under Various Labour Laws In India Read More »
Several crores of Employees’ Provident Fund (EPF) savings have been drained out through fraudulent withdrawals at a regional office in Mumbai, as a result of officials of the Employees’ Provident Fund Organisation (EPFO) acting in connivance. By Wednesday, Rs 37 crore of such withdrawals, most of which are learnt to have been partial withdrawal claims
EPF: ₹37 Crore Of PF Savings Withdrawn Illegally Read More »
The labour ministry on Wednesday said that the cumulative net payroll additions to the Employees Provident Fund Organisation last year was at par with the preceding year despite the Covid-19 pandemic, suggesting there were no formal sector job losses during the pandemic. “Despite Covid-19 pandemic, cumulative net payroll addition to the Employees Provident Fund Organisation (EPFO) subscriber base is
Government : No Formal Sector Job Loss During Covid As Per EPFO Payroll Data Read More »
Key Highlights: EPF interest rate of 8.5% for FY21 to be credited soon EPF interest rate of 8.5% for FY21 is at seven-year low after it was slashed last year due to Covid EPFO subscribers can check their balance via SMS, missed call or through UMANG app The Employees’ Provident Fund Organisation (EPFO) will credit
EPFO Subscribers Likely To Get 8.5% Interest For FY21 Soon Read More »
The Employees’ Provident Fund Organisation (EPFO) has proposed to hire a consultant to monitor its bond investments after struggling to recover nearly ₹1,400 crore sunk into Infrastructure Finance and Leasing Ltd (IL&FS) and Dewan Housing Finance Corp. Ltd (DHFL) that later went bankrupt. In a report presented in the Rajya Sabha on Friday, the parliamentary standing
EPFO To Hire Consultant To Monitor Bond Investments Read More »
Fresh enrollments under retirement fund body, Employees Provident Fund Organization (EPFO), during May 2021 dropped to 5.72 lakh, the lowest since June last year. This, labour experts said, reflects the impact of the second wave of the COVID-19 pandemic on the job market. In June last year, new enrollments stood at 5.64 lakh at a time
As Fresh Enrollments Under EPFO Drop In May, Experts Call For Direct Support Read More »
The Allahabad High Court last week granted bail to Ayodhya Prasad Mishra, former Managing Director of Uttar Pradesh Power Corporation Limited (UPPCL) vide order dated July 13, 2021. An earlier bail application had been rejected by Justice D.K Singh of the High Court back in April 2020. Justice Dinesh Kumar Singh granted bail to the accused taking into consideration his
EPF Scam: Allahabad High Court Grants Bail To Former UPPCL MD AP Mishra Read More »
