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EPFO INCOME AND EXPENDITURE
Last date for higher EPS pension, PAN-Aadhaar linking, investing in PMVVY, other money deadlines of 2023With the arrival of new year 2023, there are many deadlines which an individual should know. These deadlines are monetary which impacts you...
2nd Covid wave: Over 6 crore EPFO subscribers dip into their provident fund kitty"During the second wave of Covid-19 pandemic, ‘mucormycosis’ or black fungus has been declared an epidemic recently. In such trying times, ...
EPFO moots 8.5% interest payout in 2 instalmentsThe government-managed fund has recommended that 8.15% interest, from its income from debt investment, be credited immediately into the acc...
View: The Covid-19 crisis provides the opportunity to initiate land, labour and liquidity reformsThere is an understandable proclivity towards govt and public expenditure as a solution for everything, as if there is a magic wand. Reacti...
Does EPFO really have enough money left for the year after IL&FS? FinMin wants to knowDoes EPFO have sufficient surplus left for honouring this year's interest rate? The jury's still out.
Government will meet fiscal deficit target of 3.4 per cent in FY'19: Subhash Chandra GargAs per the interim Budget 2019-20, the government has pegged fiscal deficit target of 3.4 per cent for the current fiscal year ending March...
Market Movers: Oil prices nudge up after 6% plunge; job numbers double in Sept & moreAlowdown on top macro triggers that may move market on Wednesday.
EPFO fixes 8.65% interest rate for PF deposits, cut from 8.8%Earlier this year, the Finance Ministry had decided to lower interest on PF deposits for 2015-16 to 8.7 per cent from the 8.8 per cent appr...
EPFO might retain 8.8% interest rate for employees, announce sops for 6L employersEarlier this year, govt had rolled back its decision to lower interest rate on EPF deposits to 8.7% for 2015-16 and fixed it at 8.8%
Budget 2014: Investment cap under Section 80 C raised to Rs 1.5 lakhThe hike in the exemption limit would provide much needed relief to the salary earners who are reeling under the impact of high inflation.
EPFO to issue universal account number soon; calls for cleaning recordsEPFO has asked its field staff to clean up records as it plans to issue permanent account numbers soon to its over 5 cr subscribers.
EPFO likely to announce 8.5% interest tomorrow on PF depositsThe EPFO, which is estimated to have an income of Rs 20,796 crore in the current fiscal, needs Rs 20,740 crore to pay 8.5% interest to the ...
EPFO likely to retain 8.5% interest on PF deposits for 2013-14The EPFO, which is estimated to have an income of Rs 20,796.96 cr in the current fiscal, needs Rs 20,740 cr to pay 8.5 pc interest to its s...
- EPFO served 1,000 crore service tax notice
The service tax wing of the finance ministry has slapped a Rs 1,000-crore notice on Employees Provident Fund Organization (EPFO ) on the gr...
- Exempted PF trusts may get to dip into reserves for payout
EPFO will soon free exempted trusts to utilise and tap their Provident Fund Trust reserves to meet the statutory payout rate.
- Current EPF rate not affordable: EPFO
The EPFO said it will be difficult to sustain the current interest rate of 8.5% without government support.
- Stuck in rate war, EPFO not to credit interest
This is no chicken feed. For the past one year, the government has been forced to pay out an 8% rate of interest, about Rs 1,20,000 crore, ...