Page 4 - Employees Provident Fund

At 1.33 mn, January net addition to payroll highest in FY21, shows data

The increasing number of Covid cases and reimposition of some restrictions in a few states of the country, particularly Maharashtra, may have an adverse impact on the numbers going forward

Street signs: Staffing stocks find favour, MRP Agro IPO, and more

The IPO of MRP Agro set to be launched this week will the first by an SME since November

EPFO extends deadline to submit life certificate by pensioners till Feb 28

The pensioners who could not submit their life certificates till November 30 deadline, would get pension every month till February

20 mn construction workers get Rs 5,000 cr as relief during pandemic: Govt

He expressed gratitude towards all officials and regional offices of these three organisations for their collective dedication

EPF subscribers cross pre-Covid level in July, but number may be overstated

Earlier, there was a net addition of 20,164 to EPF subscription in April, 172,174 in May. However, new data now shows subscribers shrank by 61,807 in April and addition in May was just 40,551

EPFO to pay 8.5% interest for FY20 in two instalments, cites Covid impact

Organisation is considering crediting interest rate in a staggered manner with the remaining 0.35% to be paid in December 2020

EPFO records 318,000 new enrolments in May amid Covid-19-induced lockdown

Provisional payroll data released by the EPFO last month showed that net new enrolments stood at 133,000 in April this year

Parliamentary panel favours extending ESI, EPF benefits to migrant workers

Under the insurance scheme, employees earning up to Rs 21,000 a month can contribute 1.75 per cent towards ESI while the employer contributes 4.75 per cent

Affordable housing to free foodgrains, Cabinet approves key announcements

The Cabinet also approved the Centre's increased contribution for both employees and employers share (to 12 per cent from 10 per cent) under the Employees' Provident Fund for another 3 months

EPFO allows regional offices to settle PF claims from other centres

Since April 1, EPFO has been settling claims for withdrawal of special Covid-19-related advances within three days. It has settled over 80,000 claims amounting to Rs 270 cr on daily basis since April

EPFO launches multi-location claims settlement facility to expedite process

The facility will bring a paradigm shift by allowing EPFO offices to settle online claims from any of its regional office across the country, the labour ministry said in a statement.

Centre looks to EPFO, LIC, PSBs to raise funds through power bonds

PFC, REC will first issue bonds based on initial demand from states

Fourth tweak in social security Bill likely to cover more workers

The current social security laws in India exclude about 90 per cent of the workforce - mainly in the unorganised sector.

Labour pains: Thane's MSMEs operating at 10-15% capacity amid lockdown

The third of a five-part series looks at how lack of manpower and cash flow issues have put small units in dire straits despite govt announcing a Rs 3-trn package

Doing away with labour laws is not feasible: Santosh Kumar Gangwar

Labour and Employment Minister Santosh Kumar Gangwar tells Somesh Jha that most workers have returned home and they will join back the workforce after monsoon.

EPFO relief for 650,000 employers: no penalty for late EPF deposits

Under existing rules, once companies file their returns, known as ECR, they must also subsequently submit the EPF payments of employees at one go. Not doing so attracts a penalty

15 different measures FM Nirmala Sitharaman announced today

Among 15 measures announced - 6 are for MSMEs, 2 related to EPF and 2 related to MFIs, 1 to discoms, 1 to contractors, 1 to real estate, and 2 tax measures

Claiming advance EPF is easy, but withdraw it only if you are in dire need

There is no income-tax on the advance, but withdraw only in dire need

Covid-19 impact: Companies facing cash crunch can delay EPF contribution

The EPFO said that companies are facing liquidity or cash crunch in paying their mandatory provident fund dues "even though they are retaining the employees on their rolls"

Coronavirus: Centre's EPF scheme to cover only 16% of total subscribers

Employers and employees equally contribute 12 per cent of wage towards a worker's provident fund account maintained with the Employees' Provident Fund Organisation (EPFO).