A decision in regard to that will be taken at a meeting of Central Board of Trustees and a proper risk evaluation mechanism
Labour Minister Bandaru Dattatreya had earlier said govt exploring possibility for providing a suitable low-cost housing scheme for subscribers of EPF
The maximum sum assured under the Employees' Deposit Linked Scheme will be enhanced to Rs 6 lakh
Finance Ministry last year allowed EPFO to invest a minimum of 5% and up to 15% of its funds in equity or equity-related schemes
The proposal was to allow its subscribers to pledge their future PF contribution to buy low-cost houses
The retirement fund body is probing non-compliance in provident fund (PF) contribution by KFA relating to international workers
Interest would be credited to such accounts.
The court, however, refrained from passing any order, saying the application for stay is not before it so the matter will be heard tomorrow
Raises interest rate to 8.8% for this year, but advises labour ministry to create reserve fund
Employee unions had called nationwide protests against fixing interest rates lower than 8.8% decided by the retirement fund body EPFO
MoS Finance Jayant Sinha said that the govt is aware of the risks of more investment from the EPFO in the stock market
EPFO bought UDAY bonds worth Rs 11,848 cr while LIC bought bonds worth Rs 4,300 cr
Finance ministry overrules trustees, settles for 8.7% interest
The retirement fund body plans to launch 'One Employee One EPF Account' system on May 1
Ministry says 'taken aback' by their volte face
According to EPFO rules, 12 per cent of an employee's salary goes as contribution to PF along with a matching contribution from the employer
Bengaluru sees violence during garment sector labourers' rally
Traffic jams across the city as garment workers protest new PF proposal that allows full withdrawal only at age of 58
The announcement comes in the midst of protest by labour unions in several parts of the country
The EPFO has brought in norms that exclude subscribers falling in certain categories