Page 23 - Epfo

EPFO settles 52 lakh Covid-19 claims, disburses Rs 13,300 cr: Gangwar

Retirement fund body EPFO has settled 52 lakh Covid-19 non-refundable advance claims crore so far

EPFO likely to credit 8.5% interest for 2019-20 by December in one go

In March this year, the EPFO's apex decision making body Central Board of Trustees headed by Labour Minister Santosh Gangwar had approved 8.5 per cent interest rate on EPF for 2019-20

Cabinet approves Rs 22,810 cr EPF subsidy scheme for job creation

The proposal, Atmanirbhar Bharat Rojgar Yojana, announced earlier by SM Sitharman, aims to generate 5-6 million jobs by June next year

Top headlines: EPFO at 8.5% for private sector; steel capacity set to fall

From subscribers likely to get 8.5% EPF savings interest at one go on 'market boost' to Serum in talks to finalise Covid-19 vaccine price, here at top headlines this morning

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

4 million lost job amid Covid-19 crisis, eligible for EPF subsidy: Data

EPFO releases data for employee exits in formal sector

EPFO records 1.49 mn net new enrolments in Sept, up from 880,000 in Aug

The net enrolments with the Employees' Provident Fund Organisation (EPFO) had dropped to 5.72 lakh in March 2020 from 10.21 lakh in February, according to the payroll data released in May

EPFO dismisses reports about fall in number of subscribers in October

Retirement fund body EPFO on Thursday dismissed media reports about a fall in the number of firms and subscribers contributing towards its social security schemes in October.

Passive assets more than triple in three years on steady PF inflows

But active investment still holds the edge among individual investors

Labour Min gives 45 days for feedback on Social security code draft rules

Ministry notified draft rules on November 13, inviting objections and suggestions from stakeholders

Atmanirbhar Bharat 3.0: Prudent measures to boost job creation, stem capital destruction

The government is hoping that the green shoots visible in high-frequency data will further translate into a GDP uplift. And the latest measures - pragmatic and specific - will aid that

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

Govt may allow EPFO to invest in cash-starved infra sector through AIFs

At present, the EPFO is mandated to invest 20-45 per cent of its incremental funds (of around Rs 1.5 trillion) in debt-related instruments

Spike in internal remittance, EPFO registrations indicate recovery: Report

Indicating a faster-than-expected recovery, remittances from migrant labourers and the number of first-time EPFO registrations have crossed the pre-lockdown levels in September, according to a report

Spike in enrollments deceptive as high volatility mars EPFO payroll data

A certain set of establishments (not all), with at least 20 employees, are required to make contribution towards the provident fund (PF) of its workforce.

EPFO records over 1 mn new enrolments in August up from 748,000 in July

Provisional payroll data released by the EPFO last month had shown that net new enrolments stood at 845,000 in July this year

Labour minister commends EPFO officials for speedy claim settlement

Labour Minister Santosh Gangwar on Monday felicitated officials of retirement fund body EPFO's Delhi West office, who settled 100 per cent withdrawal claims within 24 hours during during the pandemic

EPFO launches facility for bulk transfer of funds from exempted trusts

Retirement fund body EPFO has launched a facility for bulk transfer of funds from exempted establishments through a single payment. Exempted establishments are those which have been granted exemption under Section 17 of EPF & MP Act, 1952 and manage the provident fund of members themselves under overall supervision of the Employees' Provident Fund Organisation (EPFO). "Apurva Chandra, Secretary (Labour & Employment) launched a new facility of bulk transfer of funds and data from exempted trusts to EPFO through a single payment, during his first visit to EPFO headquarters, on 7th October, 2020," a labour ministry statement said. EPFO has now released the functionality for bulk transfer of funds from exempted establishments to EPFO through a single payment. This facility will enhance ease of doing business by increasing the speed of funds transfer for exempted establishments. On change of employment of a member from exempted to unexempted establishment, his past accumulations ...

ESIC-run social security scheme adds 741,000 new members in July

The NSO report showed gross enrolments of new subscribers with the ESIC were 15.1 mn in 2019-20, against 14.9 mn in the previous fiscal

What makes the NPS so crucial to retirement planning in an ageing India

India still does not have a "one retirement account" concept, with the intended money distributed across various schemes. Pension fund managers are underlining NPS as the preferred way ahead