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Earlier, in March 2022, EPFO had lowered the interest on EPF to over a four-decade low of 8.1% from 8.5% in 2020-21
New EPFO subscribers dipped by a sharp 26% in October, from the level a month ago
The approved consultant will be empanelled with the EPFO headquarters in New Delhi for a tenure of three years
The government had launched ABRY to incentivise employers for creation of new jobs and restoration of retrenched workers during Covid-19
IT firms are increasingly resorting to background verification firms for additional checks on employees for moonlighting, says report
The approved law firms will be empanelled with the EPFO headquarters in New Delhi for an initial period of one year, which can be extended to three years
EPFO said it is moving more from forceful compliance to voluntary compliance. And, in the future, it will be fully governed by technology
Though fresh additions slip sequentially in July, women enrolment at a record high
Payroll data released by the National Statistical Office shows only 18.67 per cent of the persons that rejoined and re-subscribed employees' provident fund (EPF) are female
Annual ETF investments of nearly Rs 36,000 cr on average since 2019-20
IIM Raipur admits more women than men in its PG course but top engineering and management institutes need more diversity
The central government is planning to make GST e-invoicing mandatory for companies with a turnover of Rs 5 crore and above, a government official said. Read more on this in our top headlines
There is no deadline for filing e-nomination and it isn't mandatory for filing advance claims; but it speeds up online claim settlement by nominees
Retirement fund also invests in CPSE index, which has been a laggard among ETFs
Earlier on Saturday, the government approved 8.1% rate of interest on EPF deposits for 2021-22, which is an over four-decade low, for about 50 million subscribers of EPFO
One significant point investors must remember while investing in PPF is that they must put in the money at the right time to maximise the return they earn from it.
The scheme also offers better returns than other most other investment avenues
Counter the cut in EPF rate with an asset-allocated retirement portfolio and using instruments like NPS
The Employees' Provident Fund Organization recently slashed the interest rate on EPF from 8.5% to 8.1% for 2021-22. This is the lowest rate in more than four decades. But it still holds the edge.
Will lockdown in China impact India's phone production? What should you do after EPF interest rate cut? How will the market react to US Fed meeting? What are submarine cables? All answers here