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D L SACHDEV
Higher wage ceiling of Rs 25,000 to add 1 crore workers to EPFO net"The proposal was deferred due to paucity of time and would be taken up at another meeting being planned for later this month," EPFO truste...- Govt considering proposal to hike EPFO wage ceiling from Rs 15,000 to Rs 25,000The increase in wage ceiling for coverage under EPFO schemes to Rs 25,000 could add 50 lakh additional formal sector workers to around four...
- 10 unions stick to plan for 1-day nation-wide strike on September 2The 10 central trade unions have decided to go on strike on September 2, 2016, in a meeting of the coordination committee held yesterday," ...
- Govt unlikely to push labour reforms bills in next Parliament sessionThey had opposed industrial relation code bill which provides for allowing firms with up to 300 workers to go for closure, lay off or retre...
- Trade unions expected to raise Budget tax provision at EPFO trustee meetEPFO trustees' meet later this month is likely to be a stormy affair as trade unions will raise their voice against the Budget proposal of ...
- Provident fund interest rate revised to 8.8% from 8.75%Union Labour Minister Bandaru Dattatreya said the hike is an 'interim one' and indicated that it could be further revised later.
- Labour Ministry set to cap premature PF withdrawals at 75 per cent; to check 'misutilisation'Under the new provision, EPFO will retain 25% of a subscriber's PF till he attains the age of 58, and his account has to be credited with d...
- Proposal to combine allowances with basic pay rejected; trade unions to approach Election CommissionTrade unions will approach EC against the government decision to reject the proposal to club allowances with basic pay for PF deductions.
- FinMin nod for 8.5% interest for EPFO subscribers this weekFinance Ministry is likely to approve this week payment of 8.5 pc rate interest to over 50 million EPFO subscribers for 2012-13.
- AITUC wants government to notify 8.5% rate for EPFO depositors soon"We will raise the issue of delay in payment of 8.5 per cent rate of return on PF deposits to subscribers for 2012-13 with the Labour Minis...
- Trade unions oppose EPFO's move to make Aadhaar mandatory for membersThey said that it would be impossible for the members to provide Aadhaar numbers as the scheme was not operational in many parts of the cou...
- Government to review EPFO circular on salary, allowancesThe circular did not actually change the rules and had not clarified which allowances needed to be included in the calculation of basic wag...
- Left may seek Parliament adjournment on Maruti's mass sackingThe pressure tactics may include demand by the Left parties for adjournment of Parliament's regular business to take up the issue.
- EPFO may provide 8.6% interest rate for 2012-13Sources said EPFO can provide higher returns in the current fiscal as the govt has increased interest rate on Special Deposit Scheme 1975 t...
- Minimum wages to be linked to prices of some essential itemsThe government will take up a 55-year-old proposal to link minimum wages to prices of food, clothing, fuel and housing.
- Unions reject lower rate of 8.25% proposed by Employee's Provident Fund OrganisationWorkers' representatives have rejected a lower rate of 8.25% interest rate proposed by the Employee's Provident Fund Organisation.
- EPFO resumes investment in scam-hit LIC Housing FinanceRetirement fund manager EPFO's trustees on Tuesday approved a proposal to resume investment in the scam-hit LIC Housing Finance, a subsidia...
- Unions against taxing savings schemes at time of withdrawalThe central trade unions will press for shelving of a proposal, that wants to tax withdrawals from savings schemes, including provident fun...
- Wait till March for online settlement of PF claimsOnline settlement of PF claims and getting other related information through the net may not happen until March next year as the National I...
- Dena Bank, Shinsei Asset Mgmt in distribution tie-upDena Bank today signed a distribution agreement with Shinsei Asset Management (India) for selling its mutual fund schemes through its netwo...
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