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EPFO RESTRUCTURING
Want to exchange old gold for new jewellery? Beware of these taxesIndians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...- EPFO sets up panel for cadre restructuringTo address the current challenges within its organizational setup, the Employees' Provident Fund Organisation has assembled a four-member c...
- Recast EPFO IT system to be operational in three monthsAs part of the revamp, the retirement fund body will come up with a re-engineered and rationalised centralised payments and claims settleme...
- Capacity boost for EPFO, ESIC to pave way for labour reformsThe Social Security Code, 2020, passed by Parliament in 2020, entails extending social security to gig and platform workers. Some of the ch...
- EPFO to undergo revamp as user base gets biggerSome of the changes envisioned for the retirement fund body in the short, medium, and long term include restructuring of EPFO offices, busi...
- EPFO wants wage, headcount limits to be removedCurrently, there is a mandatory wage ceiling of ₹15,000 for employees and only enterprises with 20 or more workers can join its schemes, in...
- Bandaru Dattatreya feted for undertaking EPFO cadre restructuringDattatreya said thousands of officials working in various cadres in the EPFO got promotions which were pending for the past 18 years.
- EPFO may invest up to 12% in equity markets: Labour MinisterThe Finance Ministry has given its consent to the EPFO to invest from 5 per cent to 15 per cent of the investable income of the organisatio...
- EPFO plans to hire social media agency for presence on Facebook and TwitterThe development comes in the wake of street violence in Bengaluru earlier this year, following EPFO's order on tightening of rules for with...
- EPFO all set to review withdrawal normsSources said with manpower restructuring consuming a bulk of the time, the labour minister suggested the issue be discussed at the next boa...
- Inoperative provident fund a/cs to earn interests from April 1National retirement fund body Employees Provident Fund Organisation has decided to give interests on inoperative PF accounts with effect fr...
- Trade unions expected to raise Budget tax provision at EPFO trustee meetEPFO trustees' meet later this month is likely to be a stormy affair as trade unions will raise their voice against the Budget proposal of ...
- EPFO likely to announce 9% interest on PF deposits on February 16EPFO may announce 9% interest rate on PF deposits for 2015-16 in its trustees' meet on February 16, higher than 8.75% provided in previous ...
- EPFO forms sub-committee for organisation, cadre restructuringEPFO's restructuring is likely to result in early promotions as well as enhanced packages for the staff.
- EPFO may raise interest rate on PF from 8.75% for FY16EPFO is likely to increase the interest rate on PF deposits for 2015-16, from 8.75% fixed for the last two financial years, during its trus...
- EPFO to undergo restructuring, fill thousands of postsEPFO may face another challenge of filling thousands of existing as well as new vacancies as per the proposed organisational restructuring ...
- EPFO to consider organisational restructuring next weekThe restructuring of the EPFO is likely to result in early promotion as well as enhanced packages for the EPFO employees and is aimed at im...
- EPFO hikes insurance cover up to Rs 6 lakh from current limit of Rs 3.6 lakhThe labour ministry has agreed to significantly enhance insurance benefits under the EDLI Scheme of the retirement fund body EPFO.
- 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...
- XLRI study to aid EPFO revampEmployees’ Provident Fund Organisation (EPFO) is in the midst of a comprehensive Business Process Restructuring (BPR) exercise.
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