Page 12 - Epfo

Coronavirus: Centre's EPF scheme to cover only 16% of total subscribers

Employers and employees equally contribute 12 per cent of wage towards a worker's provident fund account maintained with the Employees' Provident Fund Organisation (EPFO).

Top 10 biz headlines: RBI supersedes YES Bank, SBI considers buying stake

From the State Bank of India exploring opportunity to pick up stake in YES Bank to RBI Deputy Governor deciding to step down, Business Standard brings you the top headlines of the day

EPFO cuts rate on employee provident fund to 7-year low of 8.5% for FY20

The EPFO had given an interest rate of 8.65% in the previous financial year to roughly 170 million subscribers

EPFO reduces interest rate on employee provident fund to 8.5%

The move means salaried employees will earn lower returns for the financial year ending on March 31, 2020

Labour ministry keen to retain 8.65% interest rate on EPF deposits for FY20

The EPFO had provided 8.65 per cent rate of interest to its subscribers for 2016-17 and 8.55 per cent in 2017-18

Top headlines: Mayhem on D-Street, EPFO may cut interest rates, and more

From Bezos entering food delivery biz to SoftBank exec running smear campaigns, here are the top stories for the day

Cut in the offing? EPFO may cut interest rate to 8.5% for FY20, says report

EPFO was offering subscribers an interest of 8.65% in 2018-19

Job creation in Dec 2019 falls marginally from Nov to 1.2 mn: ESIC data

The report also showed that during the September 2017-December 2019 period, around 3.50 crore new subscribers joined the ESIC scheme

Govt asks telcos to submit supporting documents on AGR self-assessment

The ministry, which is implementing the companies law, also said the new web form would facilitate on-screen filing and real-time data validation for seamless incorporation of companies

EPFO to launch e-inspection to monitor voluntary compliance of scheme

The EPFO is a firm believer of voluntary compliance and wants to understand the industry issues in case of default

Taking steps for speedy redressal of EPFO, ESIC complaints: Labour Ministry

The number of complaints related to the ministry on the Centralised Public Grievances Redress and Monitoring System (CPGRAMS) stood at 47,567 in 2019

Govt to pare time taken for starting biz; new e-form to offer 10 services

The corporate affairs ministry would introduce the form -- SPICe+ -- to offer 10 services

Govt unearths job incentive fraud; EPFO blocks accounts of 1 mn employees

900,000 'old' workers took benefits of govt scheme for 'new jobs'

Top headlines: Rs 4,360 cr capital boost for IoB; good news for pensioners

The labour ministry will enforce the retirement fund body EPFO's decision to restore pension commutation, or advance part-withdrawal, under the Employees' Pension Scheme from January 1, 2020

DHFL scam: ED probing money laundering of Rs 4,122 crore EPF corpus

While Rs 4,122 cr was parked with DHFL between March 2017 and Dec 2018, some Rs 2,267 crore is outstanding with the firm, which has been barred by Bombay HC from making fresh repayments

600,000 pensioners to gain as EPFO's commutation come into play on Jan 1

These 630,000 pensioners had opted for commutation of their pension and got a lump sum amount at the time of retirement from their pension accumulations or fund before 2009

EPFO invested Rs 86,966 cr in exchange-traded funds till September: Report

The EPFO is investing in ETFs based on Nifty 50, Sensex, Central Public Sector Enterprises and Bharat 22 Indices.

Now workers can generate UAN from EPFO portal directly. Details here

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

EPFO announces SSA 2019 exam results; check candidate list for Phase 2

A total of 3049 candidates have been selected for SSA Phase 2 exam. Check results on EPFO official website, epfindia.gov.in

Best of BS Opinion: Govt must protect EPFO, savings lifeline for Indians

Here's a selection of Business Standard opinion pieces for the day