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EPFO CHIEF
EPFO held on to Rs 10 lakh for 11 years: Patna HC orders it to refund the deposit with 6% interest for ‘unjust enrichment’The Patna High Court has ordered the EPFO to pay 6% annual interest on a Rs 10 lakh deposit, citing unjust enrichment. The court ruled that...- Can NRIs use Indian mobile numbers abroad for banking? OTP delays, SIM deactivation and account access issues, know what to doNRIs managing finances abroad often face OTP issues with their Indian mobile numbers. While banks are increasingly supporting international...
- India services activity hits 5-month high in April on strong domestic demand: HSBC PMIIndia's services sector saw strong growth in April, reaching a five-month peak. Domestic demand and new orders fueled this expansion. Manuf...
- India added 5.2 crore new formal jobs in FY20-23: ReportThe government has since April 2018 releasing monthly payroll data from the Employees Provident Fund Organisation or EPFO, the National Pen...
- Fewer new jobs in FY'20: ReportWhile the EPFO data suggests that annualised new enrolments could be 106.2 lakh crore for FY’20, the SBI research team calculations show th...
- EPFO panel suggests investment in ETFs for 5-10 years for better returnsThe report of the panel set up by the Employees Provident Fund Organisation (EPFO) was listed on the agenda of its advisory body Finance an...
- EPFO slams Aadhaar data theft reports on social mediaAs per the press release, EPFO has been taking all necessary precautions and measures to ensure that no data leakage takes place.
- SBI economist defends ‘7-crore jobs creation in India’ claimThe authors, in their original research using data from the EPFO, ESI and the National Pension System (NPS), had said that millions of jobs...
- EPFO issues guidelines to settle death claims in seven daysCPFC informed the Minister that on Prime Ministers' directions, EPFO has issued detailed guidelines on retirement and death cases.
- UTI Mutual Fund to manage 25% of EPFO investments in the stock marketWith the EPFO deciding to double its investments into the stock market to 10% of its monthly inflows, UTIMF expects to get about Rs 300 cro...
- UTI launches two equity ETFs, looks to tap EPFO fundsWith an eye on the cash-rich Employees Provident Fund Organisation (EPFO), UTI Mutual Fund today launched two new open-ended exchange-trade...
- With incremental flows at Rs 1 lakh crore, EPFO set to make Rs 5,000 crore maiden investment in equitiesThe state-run pension fund, which has thus far stuck to safer debt instruments, is looking to ensure that it can preserve returns to subscr...
- Mutual fund houses expect EPFO entry to boost equity ETF spaceAn EPFO official said that the fund also wants the tracking error to be minimal to ensure that the investment gets the best returns.
- Corporate bonds set to ride on increase in EPFO inflows; expect rise in demandPrime Minister Narendra Modi’s acche din may soon reflect in the corporate bond market with higher demand, increasing liquidity and falling...
- CAG discovers Rs 1,336 crore gap in EPFO booksThe PF office has admitted that such negative balances resulting from "overdrawal" of funds are "adjusted" while calculating the next year'...
- EPFO seeking refund of ‘excess interest’; sends out notices to members whose requests were completed after April 1, 2011EPFO has reached out to present employers of PF members & sought refunds, citing wrongful credits of excess interest on past PF balances.
- Investment in equity market is risky, says Samirendra Chatterjee, EPFO chiefIn an interview Chatterjee talks about the changes at EPFO, the interest rate scenario and why the entity is resisting investment in equiti...
- CAG reports serious lapses in PF AccountsLabour Minister Mallikarjun Kharge had raised the interest rate on PF deposits for 2010-11 to 9.5% from 8.5% based on this surplus.
- NPS & EPFO should share infrastructureGovt must mandate EPFO to adopt CRA of NSDL that services NPS.
- UTI AMC, LIC MF in race to manage pension schemeUTI Asset Management and LIC Mutual Fund Asset Management are in the race for managing the country’s largest pension scheme. Tips to plan e...
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