कर्मचारी भविष्यनिर्वाह निधी संघटनेचे (EPF)चे संचालक मंडळ असलेल्या विश्वस्त समितीची बैठक केंद्रीय मंत्री बंडारू दत्तात्रय यांच्या अध्यक्षतेखाली शनिवारी पुण्यात पार पडली. यामध्ये या निर्णयाला बहुमताने विरोध करण्यात आला.
Employee Provident Fund – EPF members now required to submit self-declaration for advance in case of illness of members/ dependents
The Finance Ministry is believed to have permitted the Labour Ministry to go ahead with 8.65 per cent rate of interest on employees’ provident fund (EPF)
EPF Member can withdraw 90% fund for purchase of house – Labour Minister reply to Rajya Sabha
Employee’s provident fund (EPF) subscribers can expect a smooth, online process to settle their claims in the new financial year.
A hike in the wage limit as proposed would mean all employees drawing basic salary Rs 25,000 would have to compulsorily contribute to the provident fund.
The Minister cited the lower surplus from the previous year as another factor for the rate cut.
Moves like tax incentives for participation in the National Pension System and introduction of the Universal Account Number (UAN) for the Employees’ Provident Fund (EPF) have resulted in improvement in India’s index value in the Melbourne Mercer global pension index. The index is published by the Australian Centre for Financial Studies in collaboration with Mercer, […]
The move taken by the EPFO comes in the wake of changes in the wage structure in accordance with the proposal of the 7th Pay Commission.
EPF Form 11 – New Declaration Form replaces existing Form No: 11 and also replace Form No.13 in all such cases where existing member to the Provident Fund makes a request for transfer of his fund availing the facility of UAN
According to the official, the impending strike on September 2 was stopping the government from making any announcement over Increasing Proportion of the EPF to be Invested in the Stock Market, hence it wants to consult the trade unions unions before taking the decision.
Central trade union leaders on Tuesday walked out from the Employees’ Provident Fund Organisation (EPF) central board of trustees meeting protesting a Finance Ministry notification allowing unclaimed PF money to be diverted towards a Senior Citizens’ Welfare Fund.
Finance minister Arun Jaitley in his Budget speech last year had proposed the creation of Senior Citizens Welfare Fund saying, “there are unclaimed deposits of about Rs 3,000 crore in the PPF, and approximately Rs 6,000 crore in the EPF corpus
Conceding that there was an “understanding gap” on the EPF rate within the government, Union Labour and Employment Minister Bandaru Dattatreya said that there were two reasons behind the Finance Ministry’s push for lowering the EPF rate.
CITU press release on the recent amendments in EPFO and postponement of implementation