Page 4 - Provident Fund
Bad loan recovery process can get worse
Apart from creating a distinction between financial creditors and operational creditors, the latest Supreme Court judgment also leads to the creation of a new category of default - temporary default
How has EPFO's equity investment experience been?
From investing in traditional instruments, the Employees' Provident Fund Organisation (EPFO) has been exploring the virtues of markets for a while now. Is the statutory body's move bearing fruits now?
 "How has EPFO's equity investment experience been?")
Employees may have to wait longer for new wage code rules to kick in
The changes under the new wage code can only be implemented across the country once the centre receives draft guidelines from all the states and UTs
 "Employees may have to wait longer for new wage code rules to kick in")
Returns on small savings remain attractive despite no rate reviews
Investors who want to avoid their long lock-in can choose from a host of other high credit quality options
 "Returns on small savings remain attractive despite no rate reviews")
EPFO adds 1.7 mn net subscribers in April, an increase of 35% YoY
Out of the total 17.08 lakh subscribers added during the month of April, around 9.23 lakh new members have come under the social security cover of EPF and MP Act, 1952, for the first time.
 "EPFO adds 1.7 mn net subscribers in April, an increase of 35% YoY")
How to file EPFO e-nomination online via UAN; check steps and features
There is no deadline for filing e-nomination and it isn't mandatory for filing advance claims; but it speeds up online claim settlement by nominees
EPFO e-Passbook: How to download, check balance and other details
The current EPF interest rate is 8.1%
 "EPFO e-Passbook: How to download, check balance and other details")
How changes in EPF rules may affect you?
Parking money into the govt's retirement fund has become less attractive. After effecting interest rate cut, the EPFO is now levying TDS on interest earned on contributions above Rs 2.5 lakh
TDS will not apply to EPF balance till FY21: Here's what experts suggest
If EPF account is linked to PAN, 10% TDS rate will apply, else 20%
 "TDS will not apply to EPF balance till FY21: Here's what experts suggest")
Today's realities dictated interest rate cut on employee PF, says FM in RS
8.1% rate better than interest rate on small saving deposits, says FM in Rajya Sabha
 "Today's realities dictated interest rate cut on employee PF, says FM in RS")
Explained: How is EPF interest calculated?
EPFO is India’s largest retirement fund, where both employers and employees make contributions. Watch the video to learn how it is calculated
 "Explained: How is EPF interest calculated?")
Provide funds to Delhi municipal corporations as well: Sisodia to Centre
The Arvind Kejriwal government on Thursday demanded that the Centre allocate funds to Delhi municipal corporations also as it does in the case of the civic bodies in states. Deputy Chief Minister Manish Sisodia raised the demand at a pre-budget consultation called by Union Finance Minister Nirmala Sitharaman, the Delhi government said in a statement. "The national capital is the face of the country, but today the municipal corporations in Delhi are facing acute shortage of funds and are not able to maintain the cleanliness and development in the capital. Therefore, funds should be provided to the municipal corporations of Delhi like (funds are provided to civic bodies) in other states," the statement quoted Sisodia as saying in the meeting. The Deputy chief minister noted that the 15th Finance Commission allocated grant-in-aid of Rs 4,36,361 crore for the local bodies for 2021-2026. "But the local bodies of NCT of Delhi were omitted from this on a technical ground that only states
 "Provide funds to Delhi municipal corporations as well: Sisodia to Centre")
Soon, you won't have to transfer EPF account on job change; here's how
This will ensure that employees no longer have to transfer the money in their provident funds when they change jobs
 "Soon, you won't have to transfer EPF account on job change; here's how")
Record 1.54 million additions to EPFO in September, shows data
There was net addition to the EPF subscription at 6.48 million in the first half of the current fiscal year, which is higher than the 6.11 million in the entire FY19
 "Record 1.54 million additions to EPFO in September, shows data")
Decoded: What is Provident Fund and when can you withdraw money from it?
The EPF (employee provident fund) has traditionally been the most common tool for salaried Indians to save for their retirement. But what is a provident fund? Get answers to all queries related to PF
 "Decoded: What is Provident Fund and when can you withdraw money from it?")
Air India seeks transaction advisors for selling PF trusts securities
The Air India Employees Provident Fund trust and Indian Airlines Employees Provident Fund trust are governed by the Provident Fund Trust Act, 1925
 "Air India seeks transaction advisors for selling PF trusts securities")
Chipping away at EPFO's benefits
If the Centre only enforces mobility between the EPFO and NPS, the subscribers will settle the argument by voting with their feet
EPF contribution of over Rs 2.5 lakh now requires 2 PF accounts
The rules will be effective from April 1, 2022.
 "EPF contribution of over Rs 2.5 lakh now requires 2 PF accounts")
Top headlines: Govt plans land sale worth Rs 600 cr, EPF to give tax info
Business Standard brigs the top headlines of the day
 "Top headlines: Govt plans land sale worth Rs 600 cr, EPF to give tax info")
Your EPF account will now show taxable and non-taxable balance
Those earning high salaries should think twice before getting it restructured
 "Your EPF account will now show taxable and non-taxable balance")
