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EPFO MANDATE
New labour code: Appointment letters must mention job role, workplace, and other key conditions; here's how employees benefitNew labour code rules mandate employers to issue detailed appointment letters, ensuring clarity on job roles, wages, and social security be...- 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...
- NPS growth, performance, market-linked annuities; Sriram Iyer, CEO of HDFC Pension, talks about India’s changing retirement landscapeIndia's retirement planning is evolving with rising private sector NPS participation and evolving annuity products. While government contri...
- Can salary-linked SIPs transform mutual fund investing for salaried Indians? Experts weigh inSebi has proposed a framework allowing salaried employees to invest in mutual funds through salary deductions, similar to EPF and NPS. This...
- Sebi moots MF payment by 3rd parties in select casesSebi is proposing new rules for mutual fund investments. Third parties can now make payments in certain situations. Employers can invest on...
- SC to hear LG India's plea against EPF requirement for expat staffThe Supreme Court will hear LG Electronics India's challenge to rules requiring foreign workers in Indian companies to join the Employees' ...
- EPFO plans single pool for ETF investmentsThe Employees' Provident Fund Organisation (EPFO) is set to consolidate its five schemes into a single account for ETF investments, moving ...
- Private sector PF trusts increasingly surrendering exempted establishment status under EPFOPrivate sector provident fund trusts are increasingly surrendering their exempted status to EPFO, with 17 establishments applying in FY24. ...
- India seeks investment by LIC, pension fund in green bonds: SourcesThe power ministry has written to the finance ministry asking that the LIC and Employees' Provident Fund Organisation (EPFO) be mandated to...
- By Independence Day, your EPF and EPS matters won't be dependent on paperworkThe Employees' Provident Fund Organisation has mandated that online claims have to be filed for provident fund withdrawals above Rs 10 lakh.
- Minimum debt investment of EPF funds reduced: Here's what it means for youEPFO is allowed to invest in exchange traded funds, index funds and derivatives with a minimum 5 percent and up to 15 percent limit for equ...
- 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...
- 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 raises the bar, settles 10.62 lakh claims in AugustEPFO settled 10.62 lakh claims like PF withdrawal and transfer in August, and of this, 97.29 per cent were settled within the mandated 20 d...
- EPFO declares average interest of 8.67 per cent in 3 years to FY15The rate of interest during 2014-15 has been declared at 8.75%, 8.75% in 2013-14 and 8.50% during 2012-13, Labour Minister said.
- EPFO settles Rs 1.23 crore claims in FY14, 98% in mandated 30 daysAccording to the EPF and pension schemes run by the EPFO, claims complete in all respects should be settled within 30 days of receipt.
- EPFO decides to fine PF trust flouting investment rulesThere are over 3,000 PPFTs which are being regulated by the EPFO. These trusts manage fund to the tune of around Rs 2 lakh crore.
- EPFO says it has settled 98% claims in mandated 30 days in AprilEPFO's performance review for April revealed that rate of return or rejection of claims has come down to 11% in April from 18% recorded in ...
- Reform pensions: Stock market and pension regulators converge in the NPSThe solution lies not in changing investment patterns but in the organisational structure of mandated savings.
- Reliance Capital up 5% on EPFO mandateReliance Capital shares were up 5.39 per cent at Rs 1,285.50 on Wednesday, with the Employees’ Provident Fund Organisation nominating the c...
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