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 (con...
Labour ministry drops the plan to corporatise EPFO
The ministry’s proposal to corporatise the EPFO had faced severe criticism. In its latest ...
12.23 lakh new jobs created in September: ESIC payroll data
The NSO report is based on the payroll data of new subscribers of various social security schemes run by the ESIC, retirement fund body EPFO and the Pension Fund Regulatory and Development Authority (PFRDA). It has been releasing the payroll data or new subscribers data of these three bodies since April 2018, covering a period starting from September 2017.
How to transfer your EPF account online
At the time of switching from the previous job to another one, an individual can transfer money from his/her old EPF account to new one online. However, there are certain conditions that an individual must satisfy while transferring money.
Now workers can generate UAN from EPFO portal directly
At present, workers are required to apply through their employers to get the universal account number (UAN), which enables them to avoid filing PF transfer claims on changing jobs. Now they do not have to depend on his or her employer for getting the UAN. The UAN remains the same throughout the life of a worker.
ED attaches assets of EPFO officials in PMLA case
The ED had earlier raided the premises of Singh and recovered Rs 10.60 lakh cash, gold and diamond jewellery worth Rs 27 lakh apart from documents relating to fixed deposits, postal deposits and immovable properties.
EPFO backs plan to allow subscribers’ NPS switch
The National Pension System (NPS) is a voluntary, defined contribution programme administered and regulated by PFRDA.
Do not share your personal details, bank account, UAN over phone, warns EPFO
EPFO is warning members via its website and social media handles regarding fake phone calls and is also advising them not to share personal details like PAN, Aadhaar, bank account or EPF account details like Universal Account Number (UAN).
EPFO members may get an option to draw pension after 60
The proposal to increase the superannuation age is expected to help a beneficiary grow his/her pension kitty.
Got EPF account related problem? Here's how to file a complaint
If you have a grievance related to your PF account like withdrawal, transfer and so on, then EPFO has a dedicated website called 'EPF I Grievance Management System' where you can file such complaints. You can also file them if you do not have UAN.
Does pension from EPFO qualify for standard deduction?
"The pension received from EPFO is taxable under the head salary and it will qualify for the standard deduction. "
EPS-NPS switch shelved as trade unions object
Minutes of the meeting are yet to be issued, which will have to be approved by the secretary before the government’s stand becomes official. The government had in the Union Budget 2015-16 gave option to EPFO subscribers to opt for NPS. The move triggered massive protests from trade unions.
Supreme court order gives techies 'Aadhaar' to not share unique ID
Employees are citing the SC order from last September to avoid linking Aadhaar to EPFO.
ETFs emerge as preferred investment vehicle for institutions, led by EPFO
There are a few reasons for the rising interest of institutional investors in ETFs.
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