Formal job creation under the Employees’ Provident Fund Organisation (EPFO) was a tad lower in February 2023 at 1.39 million compared to 1.41 million in February 2022, shows the labour ministry data. As per the provisional data, released on Thursday, formal job creation fell slightly when compared month-on-month with net new employees added to the … Read more
The Centre of Indian Trade Unions (CITU) has urged Central Provident Fund Commissioner Neelam Shami Rao for a “substantial extension of time” beyond March 3 for workers to submit joint options with employers to the Employees’ Provident Fund Organisation (EPFO) for receiving higher pension. CITU general secretary Tapan Sen, in a letter, said the circular … Read more
Employees Providend Fund Organisation building at Bandra. | Photo Credit: Surpreet Sapkal Implementing the recent Supreme Court order on higher provident fund pensions, the Employees’ Provident Fund Organisation (EPFO) has made a provision in the member’s portal so that retired workers can opt for higher pension. The EPFO has started taking registration requests from employees … Read more
Employees’ Provident Fund Organisation headquarters in New Delhi. File | Photo Credit: KAMAL NARANG Without any guidelines to implement the recent Supreme Court order on higher Provident Fund (PF) pension, the staff in various offices of the Employees’ Provident Fund Organisation (EPFO) have asked their head office for a “direction” to address the queries from thousands … Read more
The government is considering indexing the wage ceiling under the Employees’ Provident Fund Organisation (EPFO) to an inflation gauge or some other measure to allow periodic revision. The last revision in EPFO wage ceiling was done in 2014 when it was raised to ₹15,000 from ₹6,500. The issue was deliberated at the ad-hoc committee on … Read more
Around 15.26 lakh new members joined the ESIC-run social security scheme in December 2021 against 10.39 lakh in the previous month, official data showed on Friday, giving a perspective on formal sector employment in the country. The latest data is part of a report released by the National Statistical Office (NSO). Gross new enrolments with … Read more
NEW DELHI: It is well known that real interest rates in India are currently deep in the negative territory, which is a key reason why investors looking for optimal returns rush to the equity markets. The quest for higher returns now has a new entity in its ranks — the Employees’ Provident Fund Organisation (EPFO). … Read more
Formal job creation in the country continued to register month-on-month growth signalling a pick up in economic activity in the country as Covid cases remained low and business activities resumed to pre-Covid levels. The provisional payroll data of Employees’ Provident Fund Organisation, released on Saturday, shows EPFO added around 1.54 million net subscribers in September … Read more
Formal sector jobs created under the Employees Provident Fund Organisation jumped by 48% in August 2021 at 1.48 million compared to 1 million created in August 2020 while it is 37% more than pre-Covid levels, shows the provisional payroll data by EPFO. Net new enrollments under EPFO stood at 1.08 million in August 2019. The … Read more
The Employees Provident Fund Organisation has raised a demand of Rs 33.97 crore from the Sahara Group companies and the matter is now sub-judice, state labour and employment minister Rameswar Teli said in response to a question in the Lok Sabha on Monday. “A demand for an amount of Rs 33, 97, 30,000 has been … Read more