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DEFAULTS UNDER EPFO
Annuity flexibility, tax tweaks can accelerate NPS growth: Axis Pension Fund CEO Sumit ShuklaA senior executive believes greater flexibility in retirement withdrawals and restored tax incentives could significantly boost the Nationa...- 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...
- Higher EPS Pension: EPFO can’t use the excuse of employer’s deficient system of recordkeeping as a ground to deny higher pension to employees, rules Bombay HCBombay High Court ruled in favour of six employees seeking higher pensions. The court stated the Employee Provident Fund Organisation (EPFO...
- 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 urges employers to enroll left out employees, gives special compliance window of six monthsThe Employees' Provident Fund Organisation (EPFO) has launched a special six-month compliance window, the Employees' Enrolment Scheme (EES)...
- Defaults under EPFO hit all-time high, rise 69.3%EPFO defaults soared to a record ₹25,820.88 crore in 2023-24, a 69.3% jump. Exempted establishments drove the surge, with Telangana leading...
- Amnesty scheme in works for PF defaultersThe EPFO is preparing an amnesty scheme for companies evading or defaulting on employee contributions. The scheme, potentially launching al...
- EPFO lowers penal charges on employers defaulting on PF, pension and insurance depositsThe notification issued by the ministry of labour and employment said the penal charges across three schemes of EPFO will be uniform and at...
- Private sector’s default on PF dues has risen by almost 10% in last 5 yrs, says EPFO's draft reportThe private sector's default on provident fund dues with the Employees' Provident Fund Organisation (EPFO) has increased by almost 10% over...
- EPFO to run special recovery drive from December to FebruaryIn response to the escalating challenge of delayed recovery of dues from subscribers, the Employees’ Provident Fund Organisation (EPFO) is ...
- EPFO invested Rs 2,500 crore in Reliance Capital's bonds; asked Centre to initiate insolvency process, says FinMinMinistry of Labour and Employment has informed that as the maturity date of these investment has not become due till date, there is no defa...
- Government to conduct nationwide survey to identify wilful EPFO, ESIC defaultersThere is a growing view within the government that some monitoring is needed in the absence of physical inspections to check wilful default...
- EPFO recovers Rs 459 crore PF dues out of Rs 1,251 crore outstanding in 2018-19The total backlog or outstanding provident fund dues of EPFO during 2018-19 was Rs 791.63 crore, Labour Minister Santosh Gangwar said in a ...
- DHFL defaults again on commercial papers repaymentOut of the aggregate amount of Rs 375 cr, DHFL failed to make payments worth Rs 225 cr.
- 1,401 prosecutions launched for not filing PF returns in FY16As many as 1,401 prosecutions were launched against the employers till September end this fiscal, who defaulted on payment of PF contributi...
- 'Over 12,100 firms found defaulting on PF till December, this fiscal'Actions taken by EPFO include assessment of dues, levying of damages for belated deposit of dues, levy of interest for belated remittances.
- Labour Ministry asks EPFO to hold clubbing of allowances for provident fund deductionsAccording to experts, the clubbing of allowances would have increased the savings of organised sector workers under schemes run by the EPFO.
- EPFO wants default on PF remittance under economic offencesRetirement fund body EPFO wants defaults on PF remittance by companies to come under economic offences, a top official said today.
- EPFO may be made as powerful as I-T deptThe labour reforms promised by the Prime Minister may actually start with the EFP reforms. The new minister and the Central Board of Truste...
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