Page 2 - Epfo Data

Fresh formal hiring at seven-month high in April, shows EPFO data

Earlier, in Sept 2023, 950,527 fresh formal employees had joined EPF. The EPFO data is considered crucial as only the formal workforce enjoys social security benefits and is protected by labour laws

EPFO enrolls 1.9 million net members in April, increase of 31% from March

The data indicates that around 887,000 new members enrolled in April 2024

EPFO 'actively' evaluating options in response to Karnataka HC judgement

The Karnataka High Court had struck down the inclusion of international workers in the EPF, deeming it "unconstitutional and arbitrary"

Fresh formal job creation slows down in January, shows EPFO data

In January last year, 830,047 subscribers joined the EPF. This data is crucial as only the formal workforce enjoys social security benefits and is protected by labour laws

EPFO data breach in 2018 linked to Chinese cyber agency, probe reveals

When news of the purported breach initially surfaced in 2018, the EPFO denied that its systems were compromised

Fresh formal jobs creation falls 10% to 9.06 mn in 2023: EPFO data

Furthermore, the number of new women subscribers declined by about 12 per cent to 2.35 million from 2.68 million last year

Higher EPS pension: Revised FAQs on arrears, increased contribution

FAQs clarify that higher pension application will not be rejected even where such permission is not obtained by the employee

Pre-empt disputes between nominee, legal heirs by drafting a will

A nominee's job is only to hold a deceased's asset temporarily until the legal heirs claim it

Investment by EPFO in ETFs crosses Rs 2.5 trillion: Rameswar Teli to LS

The body had invested Rs 14,983 crore in ETFs in 2016-17, Rs 24,790 crore in 2017-18, Rs 27,974 crore in 2018-19, Rs 31,501 crore in 2019-20, and Rs 32,071 crore in 2020-21, according to the reply

Fresh formal job creation declines to six-month low, shows EPFO data

The monthly data released by the EPFO is part of the government's effort to track formal-sector employment by using payrolls as an instrument

Retirement fund body EPFO adds 1.7 million net members in September

Retirement fund body EPFO recorded a net addition of 17.21 lakh members in September, according to payroll data released on Monday. Month-on-month comparison of payroll data shows an increase of 21,475 net members over August 2023, a labour ministry statement said. Year-on-year comparison of payroll data reflects an increase of 38,262 net members over September 2022. Around 8.92 lakh new members enrolled during September 2023, the ministry said. Among these newly joined members, the age group of 18-25 years constitutes 58.92 per cent of total new members added during the month. This demonstrates that a majority of the members joining the organised sector workforce of the country are youth, who are mostly first-time job seekers, it explained. Payroll data shows that approximately 11.93 lakh members exited but rejoined EPFO, it stated. These members switched their jobs and re-joined the establishments covered under the ambit of EPFO and opted to transfer their accumulations instead

8.15% Interest for EPFO subscribers 'in pipeline', to be credited 'shortly'

The interest rate on EPF is reviewed annually, and for the fiscal year 2022-23, it is set at 8.15 per cent, up from the 7.59 per cent interest rate provided in FY22.

EPFO's investible corpus crosses Rs 21 trn in FY23, ETF investments at 9.2%

The total investible corpus under the social security organisation has nearly doubled in the past five years. Earlier in FY19, the total corpus had stood at Rs 11.1 trillion

Higher pension: EPFO extends deadline to upload wage details till 31 Dec

Till 12 July this year, close to 1.8 million pensioners have applied for the higher pension option, of which 5.52 lakh applications for validation of option/joint options are still pending

Poorer states drove formal job creation in January-June period: EPFO data

Net payroll addition is calculated by taking into account the number of new subscribers, the number of exits and the return of old subscribers

EPFO issues SOP for processing joint declaration for profile updation

In an internal circular issued to its zonal offices last Tuesday, the SOP for the process of joint declaration for correction in UAN profiles

Fresh formal job creation touches 9 month high in June, shows EPFO data

The monthly data released by the EPFO is part of the government's ongoing effort to monitor formal-sector employment using payrolls as a metric

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EPFO drives nearly 52% of equity ETF inflows in 2022-23, shows data

Retirement fund allocates Rs 53,000+ crore to equity ETFs

EPFO invested Rs 13,017 crore in ETFs during April-July this fiscal: Govt

Retirement fund body EPFO has invested Rs 13,017 crore in exchange traded funds (ETFs) in the April-July period of the current fiscal year, Parliament was informed on Thursday. Employees' Provident Fund Organisation (EPFO) invested Rs 53,081 crore in ETFs in 2022-23, Rs 43,568 crore in 2021-22 and Rs 32,071 crore in 2020-21, according to a written reply to the Rajya Sabha by Minister of State for Labour and Employment Rameswar Teli. The EPFO invested Rs 31,501 crore in ETFs in 2019-20 and Rs 27,974 crore in 2018-19, it said. The minister told the House that the EPFO invests funds as per the investment pattern notified by the government and does not invest directly in individual stocks, including those of any blue-chip company. "The EPFO invests in equity markets through ETFs, replicating BSE Sensex and Nifty 50 indices. From time to time, EPFO has also invested in ETFs constructed specifically for disinvestment of shareholding of the Government of India in body corporates," he ...