Page 8 - Epfo
EPFO office work overtime to clear all pending claims of women members
Retirement fund body EPFO's Delhi West office worked on last weekend to settle all pending claims of women subscribers marking International Women Day on Monday.
 "EPFO office work overtime to clear all pending claims of women members")
60 million EPF subscribers to get 8.5% interest rate in FY21
Development has come as a pleasant surprise since there were talks of cut in the rate
 "60 million EPF subscribers to get 8.5% interest rate in FY21")
Top headlines: Bengaluru 'most liveable' city; 8.5% EPF interest for FY21
WhatsApp to introduce audio, video calling on desktop app, Kerala BJP pitches for making Sreedharan NDA CM candidate, and other top news of the day
 "Top headlines: Bengaluru 'most liveable' city; 8.5% EPF interest for FY21")
EPFO board recommends an unchanged 8.5% interest on deposits for 2020-21
The decision was taken at the Central Board of Trustees (CBT) meeting, which is the main decision-making body of EPFO.
EPFO likely fixed 8.5% interest rate on PF deposits for 2020-21: Report
The retirement fund body is likely to announce the rates in a few hours. The Central Board of Trustees (CBT), which is the main decision-making body of EPFO, is meeting in Srinagar
EPFO net new enrolments grow 24% to 1.25 million in December
The enrolments provide a perspective on the formal sector employment amid the coronavirus pandemic
 "EPFO net new enrolments grow 24% to 1.25 million in December")
Wealthy PF investors may opt for debt funds as Budget changes tax rule
Budget proposes that interest on the PF contributions (employee contribution) above Rs 2.5 lakh per annum be taxable with from April 1, 2021
 "Wealthy PF investors may opt for debt funds as Budget changes tax rule")
EPFO stops correction in member profiles online over fraudulent withdrawals
The organisation in its circular, issued ahead of 2020-21 interest announcement, has ordered its field offices to not entertain any such request for correction in name
 "EPFO stops correction in member profiles online over fraudulent withdrawals")
EPFO likely to declare rate of interest on EPF deposits for FY21 on March 4
An EPFO trustee said that on Monday he received the intimation that the next CBT meeting is scheduled to be held on March 4 at Srinagar
EPFO settles 6 mn Covid advance claims, releases Rs 15,256 cr till Jan 31
The retirement fund body has settled 56.79 lakh Covid-19 non-refundable advance claims and disbursed ₹14,310 crore till 31 December
Interest on employee's PF contributions over Rs 2.5 lakh to be taxed
One per cent of EPF contributors to be affected
 "Interest on employee's PF contributions over Rs 2.5 lakh to be taxed")
Net payroll addition declines in line with other macroeconomic data
After looking up for two months since lockdown was eased in September, various data point to slowing down of the economy in November
 "Net payroll addition declines in line with other macroeconomic data")
Govt allows EPFO to invest in public sector debt ETFs like Bharat Bond
The government has amended the labour ministry's notification in this regard
 "Govt allows EPFO to invest in public sector debt ETFs like Bharat Bond")
EPFO begins crediting 8.5% interest for 2019-20; to reflect from Jan 1
Retirement fund body EPFO on Thursday started crediting 8.5 per cent rate of interest on employees' provident fund (EPF) for 2019-20 for its over six crore members, a senior official said. A large number of members of the Employees Provident Fund Organisation (EPFO) would be able to see their updated EPF accounts with credit of 8.5 per cent rate of interest for 2019-20, a senior official told PTI. The official further informed that the labour ministry has already sent the direction to credit the 8.5 per cent interest on EPF for 2019-20 to the EPFO and the body has already started crediting interest into members account for the last fiscal. Labour Minster Santosh Gangwar said, "We had said that it would be our endeavour to provide 8.5 per cent rate of interest on EPF for 2019-20. We have issued a notification to provide 8.5 per cent rate of interest on EPF for 2019-20. We have also began the process to credit the said rate of interest into subscribers account." The minister also sai
Net payroll addition falls 19% in October vs September, shows data
Formalisation of the economy took a beating in October, compared to the previous month, showed the payroll data
 "Net payroll addition falls 19% in October vs September, shows data")
EPFO net new enrolments sees 56% rise to 1.15 million in October
This compared to 0.73 million (7.39 lakh) in the same month last year
EPFO settles 52 lakh Covid-19 claims, disburses Rs 13,300 cr: Gangwar
Retirement fund body EPFO has settled 52 lakh Covid-19 non-refundable advance claims crore so far
 "EPFO settles 52 lakh Covid-19 claims, disburses Rs 13,300 cr: Gangwar")
EPFO likely to credit 8.5% interest for 2019-20 by December in one go
In March this year, the EPFO's apex decision making body Central Board of Trustees headed by Labour Minister Santosh Gangwar had approved 8.5 per cent interest rate on EPF for 2019-20
 "EPFO likely to credit 8.5% interest for 2019-20 by December in one go")
Cabinet approves Rs 22,810 cr EPF subsidy scheme for job creation
The proposal, Atmanirbhar Bharat Rojgar Yojana, announced earlier by SM Sitharman, aims to generate 5-6 million jobs by June next year
 "Cabinet approves Rs 22,810 cr EPF subsidy scheme for job creation")
Top headlines: EPFO at 8.5% for private sector; steel capacity set to fall
From subscribers likely to get 8.5% EPF savings interest at one go on 'market boost' to Serum in talks to finalise Covid-19 vaccine price, here at top headlines this morning
