Page 10 - Epfo

Managing expectations

EPFO subscribers should be prepared for lower returns

EPFO to pay 8.5% interest for FY20 in two instalments, cites Covid impact

Organisation is considering crediting interest rate in a staggered manner with the remaining 0.35% to be paid in December 2020

Top headlines: EPFO to pay in instalments, Silver Lake to invest in RIL

Business Standard brings you the top headlines of the day

EPFO decides to credit part of 8.5% interest for FY20: Report

Remaining 0.35 per cent rate of interest on EPF for 2019-20 would be credited into the subscribers account in December this year

EPFO settles 9.4 mn claims of formal sector workers since Covid-19 outbreak

The partial EPF withdrawal by private sector workers doubled during this period compared to last year

EPFO settles 9.4 million claims worth Rs 35,445 cr during April-August

Retirement fund body EPFO has settled 9.4 million claims totalling Rs 35,445 crore during April-August despite Covid-19 related restrictions, an official statement said on Tuesday

Covid-19 selloff in March eats into EPFO equity returns in FY20

Investments accrue return of -8.3 per cent for the fiscal, down from 14.7 per cent in the previous fiscal

Contribution-based pension accounts for new EPFO subscribers soon

The move will help higher-income group workers to get higher pensions and is aimed at making the pension fund of the EPFO, which is in deficit, more sustainable

EPFO settles 4.6 million Covid-19-related claims worth Rs 920 crore

Retirement fund body EPFO on Friday said it has settled 4.6 million EPF withdrawal claims and disbursed Rs 920 crore to its subscribers to meet exigencies due to the Covid-19 situation

EPFO records 655,000 net new enrolments in June, up from 172,000 in May

The net new enrolments with the EPFO hover around 700,000 every month on an average

EPFO sees three-fold rise in provident fund withdrawal claims through app

The Union Labour and Employment Ministry said in a statement that the EPFO received 1.1 million claims between April and July 2020 through the UMANG mobile application

EPFO's West Delhi office processes 100% Covid claims worth Rs 140 cr

To support employers for availing benefits under the Pradhan Mantri Garib Kalyan Yojna (PMGKY), a special WhatsApp service has been provided for immediate education and assistance

Strapped for cash? Dip into your EPF corpus only as the last resort

Sell off investments that you possess in a manner that your asset allocation is maintained

On the road to new opportunity

Over the years, NHAI has re-invented itself from a road development entity to a concession-granting one

Covid-19 crisis: Employment of young women hit most amid lockdown

Employee Provident Fund data shows a sharp fall in new additions to subscriptions to the Fund in April 2020, the first complete month of the lockdown

EPFO records 318,000 new enrolments in May amid Covid-19-induced lockdown

Provisional payroll data released by the EPFO last month showed that net new enrolments stood at 133,000 in April this year

Here are all the schemes announced in the Cabinet briefing today

Govt will invest Rs 12,750 crore in recapitalising the three state-owned insurance companies- Oriental Insurance, National Insurance and United India Insurance

Covid-19: Cabinet okays extension of PF contributions by govt till August

Finance Minister Nirmala Sitharaman had announced the extension of the benefit in May this year under the Pradhan Mantri Garib Kalyan Yojana

YES Bank files prospectus with RoC to raise up to Rs 15,000 cr via FPO

Restates accounts for last three years, but no impact on bottom line

EPFO may slash interest rate over falling returns, slow cash flow: Reports

The 8.5 per cent interest rate, which was declared in March this year is yet to be approved by the Finance Ministry