Employees Provident Fund
EPFO raises interest rate to 8.15% for FY23 from 8.1% last year: Report
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
 "EPFO raises interest rate to 8.15% for FY23 from 8.1% last year: Report")
Fresh formal job creation fell for third straight month, show EPFO numbers
New EPFO subscribers dipped by a sharp 26% in October, from the level a month ago
 "Fresh formal job creation fell for third straight month, show EPFO numbers")
EPFO to appoint actuary firm for its pension and insurance schemes
The approved consultant will be empanelled with the EPFO headquarters in New Delhi for a tenure of three years
Rajasthan the top beneficiary of EPFO-linked central job scheme
The government had launched ABRY to incentivise employers for creation of new jobs and restoration of retrenched workers during Covid-19
 "Rajasthan the top beneficiary of EPFO-linked central job scheme")
Background checks and more: How IT companies are detecting moonlighting
IT firms are increasingly resorting to background verification firms for additional checks on employees for moonlighting, says report
 "Background checks and more: How IT companies are detecting moonlighting")
EPFO looks to hire law firms to provide legal opinion, associated services
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 moving towards automation; set to rationalise workforce for efficiency
EPFO said it is moving more from forceful compliance to voluntary compliance. And, in the future, it will be fully governed by technology
 "EPFO moving towards automation; set to rationalise workforce for efficiency")
EPFO sees over 1 million new subscribers for fourth straight month
Though fresh additions slip sequentially in July, women enrolment at a record high
 "EPFO sees over 1 million new subscribers for fourth straight month")
Gender disparity: Harder for women to re-enter job market, shows EPFO data
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
 "Gender disparity: Harder for women to re-enter job market, shows EPFO data")
EPFO made over Rs 67,000 crore from exchange-traded funds, shows data
Annual ETF investments of nearly Rs 36,000 cr on average since 2019-20
 "EPFO made over Rs 67,000 crore from exchange-traded funds, shows data")
Women make progress but higher education has gender balance problem still
IIM Raipur admits more women than men in its PG course but top engineering and management institutes need more diversity
 "Women make progress but higher education has gender balance problem still")
Top Headlines: GST e-invoicing for firms, corporate earnings in FY23 & more
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
 "Top Headlines: GST e-invoicing for firms, corporate earnings in FY23 & more")
How to file EPFO e-nomination online via UAN; check steps and features
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
 "How to file EPFO e-nomination online via UAN; check steps and features")
EPFO equity push: Stock returns more than 2x those of bonds, shows data
Retirement fund also invests in CPSE index, which has been a laggard among ETFs
 "EPFO equity push: Stock returns more than 2x those of bonds, shows data")
EPFO mulls increasing equity investment limit to 25% to bridge shortfall
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
 "EPFO mulls increasing equity investment limit to 25% to bridge shortfall")
Invest by the 5th of a month to optimise return on PPF, say experts
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.
 "Invest by the 5th of a month to optimise return on PPF, say experts")
EPF continues to beat inflation even with interest rate at four-decade low
The scheme also offers better returns than other most other investment avenues
 "EPF continues to beat inflation even with interest rate at four-decade low")
Early start, more equity can beat low interest rates, say analysts
Counter the cut in EPF rate with an asset-allocated retirement portfolio and using instruments like NPS
 "Early start, more equity can beat low interest rates, say analysts")
Why your allocation to EPF should not change despite interest rate cut
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.
 "Why your allocation to EPF should not change despite interest rate cut")
TMS Ep130: Smartphone production, EPF rate, markets, submarine cable
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
 "TMS Ep130: Smartphone production, EPF rate, markets, submarine cable")
