EPFO notifies new rules for stenographer's recruitment
EPFO is seeking employment of 187 stenographers at Level 4 pay scale, to be revised for 30% of stenographers to Level 6 on completion of five years of regular service. As per the notification, the central board in consultation with the central government may relax any of the provisions of these rules with respect to any class or category of persons.
How to update job leaving date yourself in EPFO records online
EPFO has launched an online facility where EPF account holders can update the ...
Jobs are back in formal economy
Cumulatively, 2,642,549 employees were added in November under the three social security schemes of the govt ...
ESIC payroll data shows over 19 lakh additions in November
The net addition to the ESIC, after excluding those who ceased paying their contribution during the month, was 6.97 lakh, the highest for any month in the current fiscal year.
Fewer new jobs in FY'20: Report
While the EPFO data suggests that annualised new enrolments could be 106.2 lakh crore for FY’20, the SBI research team calculations show that actual annualised net new payroll could be 73.9 lakhs, about 21 per cent or 15.8 lakh lower than actual net new pay roll generated in FY’18.
Pension commutation under EPFO from Jan 1
The move, which comes 10 years after the provision was withdrawn, follows a decision at a recent meeting of the EPFO’s central board of trustees and will benefit around 630,000 pensioners.
Economic slowdown hits jobs sector: SBI report
India is projected to create 16 lakh less jobs in FY20, according to a SBI research report.
Budget 2020: What’s next for Private Equity and Venture Capital industry
The PE & VC industry is set to play a significant role in upping India’s growth trajectory and quality through their role in making long term investments, job creation, innovation and better governance and professionalisation of Indian companies.
When can you prematurely withdraw from EPF?
You may make early withdrawals from your EPF under certain scenarios. If at all there is an emergency and you need the funds, here is all you need to know about the specific conditions when you can withdraw from your PF.
EPFO to focus on subscribers' convenience, ease of doing business through digital tools in 2020
Employees' Provident Fund Organisation (EPFO) is undertaking several digital initiatives including online Universal Account Number (UAN) generation facility for subscribers and e-inspection system for employers.
Government to slash time taken to start new business to 5 days
The government is set to slash the time taken for starting a new business from 18 days to five days.
Amfi pitches for debt-linked saving schemes in Budget
The industry body has also demanded that the government recognise mutual funds (MFs) as specified long-term assets, qualifying for Long-Term Capital Gains (LTCG), as well as bring ULIPs of life insurance companies and equity MF schemes on par.
What happens to your EPS account when you transfer your EPF account?
According to EPF rules, 8.33 percent of the employer's contribution is diverted towards EPS account.
EPFO's investment in ETFs at Rs 86,966 cr till September
The Employees' Provident Fund Organisation (EPFO) is investing in ETFs (Rs 86,966 crore) based on Nifty 50, Sensex, Central Public Sector Enterprises (CPSEs) and Bharat 22 Indices. Labour Minister Santosh Gangwar told the Lower House that the EPFO does not invest in shares and equities of individual companies.
Currently there are 4.5 crore active EPFO members: Labour minister
“The number of active members under EPFO, at present, are 4,50,60,972 (contributing UANs of last three wage months viz. August, 2019 to October, 2019)," said labour and employment minister Santosh Kumar Gangwar .
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