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Rs 15 lakh PF deducted but not deposited: HC allows criminal case to continue against director of company that turned insolventThe Orissa High Court ruled that a company director will face a criminal case for failing to deposit Rs 15 lakh deducted from employee sala...- EPFO gross new members addition dips 4% to 1.09 crore in 2023-24: MoSPI reportThe gross addition of new members was affected due to the pandemic and declined from 1,10,40,683 in 2019-20 to 85,48,898 in 2020-21. It bou...
- EPFO, NPS data show 5.2 crore payrolls addition in last 4 years: SBI studyThe research report further said NPS data indicates that 8.24 lakh new subscribers added in 2022-23, of which state government payrolls of ...
- EPFO is planning automatic settlement of non-Covid claimsMillions of withdrawal claims — both Covid-related and non-Covid — have been pouring in since the outbreak of the Covid-19 pandemic last ye...
- The rise of small-town investors in Indian equity marketsUndoubtedly, small towns are playing a crucial role in the socioeconomic transformation.
- SC ruling enables massive rise in private sector pensionsEvery employee in the organised sector contributes 12% of basic salary and dearness allowance to EPF. The employer makes a matching contrib...
- Government working on creating new avenues for jobs: Santosh GangwarThe labour minister said the EPFO has started various new initiatives to accelerate the process of online registration of employers.
- Your PF account will now be automatically transferred if you change your job“Whenever there is change of job, a lot of accounts are closed; then they (the employees) restart their account later on,“ chief provident ...
- Labour ministry to call CBT meet to up equity exposure to 15%I want to talk to the Central Board of Trustees in about 10-12 days," Labour Minister Bandaru Dattatreya told PTI in an interview.
- EPFO trustees likely to address equity investment issue on July 26As per the pattern of investment notified by labour ministry on April 23, 2015, investment in equity and related investments is permitted f...
- Finmin for EPFO's reserve fund to protect interest of workersThe Ministry of Labour had sought Finance Ministry's ratification of rate of interest at 8.8 per cent on the EPF accumulations for 2015-16.
- EPFO comes of age: Enters stock market, embraces technologyEPFO also took baby steps to the stock market and began investing a small portion of its corpus in exchange traded funds.
- EPFO settles 10.68 lakh PF claims in SeptemberRetirement fund body EPFO settled 10.68 lakh claims in September and of these over 97 per cent were settled within mandated time of 20 days.
- EPFO wants funds to lower fee for investing in equity via ETFsThe Employees’ Provident Fund Organisation is expected to soon invest more than Rs 6,000 crore in equities as it is now permitted to buy st...
- Government to ensure transparent admin of social security schemes: Bandaru Dattatreya"The government is trying to ensure transparent and swift administration of social security schemes through e-initiatives for employees and...
- EPFO considering housing scheme for subscribersEmployees' Provident Fund Organisation manages a huge corpus of Rs 6 lakh crore with average annual incremental deposits of Rs 70,000 crore.
- Staffing company TeamLease Services along with 500 firms write to govt over salary paymentsThe recently-submitted petition urges the government to take a re-look at the laws governing salary payment of lowwage employees by allowin...
- Trade unions to oppose investment of EPFO funds in equity marketEPFO is custodian of poor workers' money and therefore the fund cannot be invested in the equity markets which are highly volatile.
- Unclaimed, Rs 22,636 crore in dormant provident fund accountsThis is because employees holding these accounts have moved on to new jobs and have not transferred their EPF accounts to that of the new e...
- Forcing workers to divert more of their salary to the provident fund is wrongAll that would happen is that the employee’s take-home salary would come down drastically, she would get to spend less, and get to save les...
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