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EPFO fixes 8.15% interest rate on employees' provident fund for FY23

Fund paid 8.1% interest rate to subscribers in 2021-22, marking a four-decade low

EPFO marginally raises interest rate on PF deposits to 8.15% for FY23

Not enough to meet rising inflation, say some quarters; EPFO likely to distribute Rs 90,000 cr to members' accounts, on a total principal amount of Rs 11 trn

Share of govt employees paying individual tax has doubled in 9 years

In FY21, the time till when data is available, the number of government employees paying personal tax increased to 12.8 million, out of 68.4 million personal taxpayers

Revised norms to digitise fund flow architecture in MPLAD scheme

Parliamentarians will now be given the entire corpus of Rs 5 crore in a single tranche at the beginning of the fiscal year, unlike two tranches of Rs 2.5 crore released every six months

Revised guidelines to digitise fund flow architecture in MPLADS

Developed by State Bank of India, the portal is part of the revised guidelines that aim at facilitating real-time monitoring, increasing transparency and accountability

EPFO board meet on Monday: Interest rate, higher pension top agenda

The meeting is also likely to focus on the steps to widen the social security organisation's coverage to embrace about 100 million workers and address the dip in its corpus

Fresh central govt, CPSU hiring at 11-month high, shows NPS data

Earlier, 13,112 new subscribers had joined the NPS in February 2022

Trade unions condemn order prohibiting govt staff to go on strike

Following the DoPT order, the Department of animal husbandry and dairying had issued an order cautioning its employees of participating in the protests

Disclose job placement record on NCS portal: House panel to govt

The NCS portal brings together jobseekers, employers, and trainers

Workers, farmers unions to protest in Delhi on April 5 for wages, pension

Guaranteed procurement of all farm produce and scrapping of 4 labour codes are among their other demands

L20 adopts joint statement on universalisation of social security

The inception meeting will be followed by an L-20 summit in June before the G-20 labour ministers meeting in the latter part of the year

Formal job creation declines 7.5% in January, hits 20-month low: EPFO

The number of new monthly subscribers under the Employees' Provident Fund (EPF) has declined by 7.5 per cent to 777,232 in January 2023 from 840,372 in December 2022

Share of self-employed goes up after the pandemic, says NSO report

Report shows 39.5 per cent male workers and 39.4 per cent female workers in urban India declared themselves self-employed

'2 million new jobs to be created under PM MITRA', says Piyush Goyal

Of the 13 states that competed, seven - Tamil Nadu, Telangana, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh, and Maharashtra - were selected

Pension scheme for unorganised workers being evaluated: Govt to House panel

Against an enrollment target of 10 mn beneficiaries in each of the financial years starting 2020-21, only 522,868 workers were enrolled in the scheme in the past three years till Dec 2022

WPI inflation eases to 25-month low in Feb as manufacturing prices cool

Inflation for manufactured items eased to 1.94% in Feb from 2.99% in Jan

Retail inflation above 6% in February, may trigger another rate hike

CPI inflation has remained above RBI's tolerance level in 12 of the past 14 months

Inflation and business pressure weigh on India Inc growth, says S&P

Along with Brazil and Japan, the S&P Global India business activity net balance slipped to 21 per cent in January

India's industrial production growth recovers to 5.2% in January

Infrastructure goods and capital goods grew at a robust 8.1 per cent and 10.95 per cent, respectively

Social security, labour migration to top discussions at first L-20 meeting

The two-day meet will feature leaders and representatives of trade union centres of G-20 countries and other guest countries