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Employees' Provident Fund Organisation News
Employees' Provident Fund Organisation
10 crore jobs coming! CII says government reforms creating new livelihoods, 8 sectors to create opportunities
Thu, Mar 07, 2019
The statement assumes significance as the opposition parties have been slamming the government over lack of job creation. India's unemployment rate hit a 45-year high of 6.1 per cent in 2017, a media report had said earlier based on an official survey, which the government has said was yet to be approved.
EPFO likely to increase proportion of funds to UTI for ETF investment
Mon, Dec 03, 2018
Retirement fund body EPFO is likely to increase fund allocation to its exchange traded fund manager UTI Mutual Funds as it has provided better returns than SBI Capital on ETF investment by the pension fund.
EPFO subscriber? Provident Fund may help you buy cheap home before 2019 polls!
Sat, Nov 17, 2018
Are you an Employees Provident Fund Organisation (EPFO) subscriber? Here's a good news for you. The EPFO has reportedly prepared a draft housing scheme for its subscribers.
Your EPFO money set to get this big boost! But will it happen; plan hangs fire
Mon, Oct 01, 2018
An expert group set up by retirement fund body EPFO has pitched for long-term investment in stocks ranging from 5-10 years, saying this would yield better returns for over six crore subscribers, according to a source.
This is how much of your money EPFO invested in ETFs
Wed, Jul 18, 2018
Retirement fund body The Employees' Provident Fund Organisation (EPFO) has invested Rs 48,946 crore in exchange traded funds (ETFs) till June 30, 2018, parliament was informed today.
EPFO cuts administrative charges to 0.5 pc; firms to save together Rs 900 cr annually
Sun, May 27, 2018
Now over 5 lakh employers together would save around Rs 900 crore annually following the retirement fund body EPFO's decision to cut administrative charges, with effect from June 1, 2018
Employers can validate e-challan offline with new tool: EPFO
Sat, Apr 28, 2018
"In order to assist the employer to create the correct ECR file every month, EPFO has provided an offline tool for employers for validating ECR before uploading at Unified Portal," the Employees' Provident Fund Organisation (EPFO) said in a statement
EPFO new members registration hits 4 month low in Feb as jobs creation slows down
Wed, Apr 25, 2018
As many as 6,04,557 such members were registered in January 2018 and 5,57,633 in December 2017, the latest data by the Employees' Provident Fund Organisation (EPFO) about all non-zero contributors or new members that are registered with the body every month showed
Employees Pension Scheme: Labour Ministry to assess long-term viability of the plan
Sun, Apr 22, 2018
The EPS, 1995 is one of the three schemes meant for old-age social security of employees run by the Employees' Provident Fund Organisation (EPFO). The other two schemes are Employees' Provident Fund Scheme, 1952 and Employees' Deposit Linked Insurance Scheme, 1976. Earlier, the labour ministry had conducted actuarial valuation of EPS for fiscal ended March 2014
EPF interest rate: This is what Labour Minister Santosh Gangwar says
Sun, Apr 15, 2018
The Employees' Provident Fund Organisation's apex decision making body Central Board Trustees (CBT) had decided to provide 8.55 per cent rate of interest on EFF for last fiscal on February 21, 2018 and sent the proposal to the finance ministry for its concurrence
EPFO trouble: CAG flags lower administrative charges collection by fund
Tue, Apr 03, 2018
The under-realisation was detected after test checking of records at the eight EPFO regional offices during January 2015 to March 2017 period. "Failure of eight regional offices of Employees' Provident Fund Organisation (EPFO) to verify dues remitted by the establishments with reference to the revised rate of administrative charges on Employees' Deposit Link Insurance (EDLI) and Employees' Provident Fund resulted in short realisation of Rs 6.17 crore during the period from January 2015 to March 2017," stated a Comptroller and Auditor General (CAG) report tabled in Parliament today
EPFO makes a New Year resolution to better service delivery
Wed, Dec 20, 2017
Keen on service overhaul, the Employees' Provident Fund Organisation (EPFO) looks to start with linking of provident fund accounts with biometric identifier Aadhaar and generation of Universal Account Number (UAN) through mobiles.
Employees Provident Fund wage ceiling at Rs 21,000 may soon become reality
Sat, Dec 02, 2017
The aim of the EPF scheme is to promote retirement savings for employees across India. The amount contributed to the fund is based on a fixed rate.
Your PF money to help ETFs reach $200 billion by 2026, Morgan Stanley says
Mon, Aug 14, 2017
Morgan Stanley in a research report mentioned that exchange-traded funds are likely to accumulate $200 billion in assets by 2026, witnessing a 30-fold jump from current level on the back of rise in Provident Funds flow in equities investments.
EPFO approves hike in investment limit in ETFs to 15%
Sun, May 28, 2017
In a meeting of the Central Board of Trustees (CBT) held in Pune on Saturday, Union Labour Minister Bandaru Dattatreya said that the Employees' Provident Fund Organisation (EPFO) has approved hike in investment limit in exchange traded funds (ETFs) to 15%, from the existing 10%.
EPFO: Central Board of Trustees rejects proposal to reduce PF contribution to 10%
Sun, May 28, 2017
The Central Board of Trustees (CBT), a retirement fund body of EPFO, has turned down the proposal to reduce the mandatory provident fund (PF) contributions from workers and employers from present 12% to 10% in a meeting held in Pune on Saturday.
Now, transfer, deposit Provident Fund benefits online, says Labour Ministry
Fri, May 19, 2017
"Such move is likely to benefit 4.5 crores EPF subscribers and around than 54 lakh pensioners," the Ministry said.
EPFO settlement: Labour Minister launches website to bring down claims
Wed, May 17, 2017
Ministry said that Citizen' Charter 2017 will make service delivery system and grievance redressal mechanism more efficient so that it delivers goods and services to its stakeholders in a time bound manner.
EPFO trustees likely to raise ETF investments to 15% on May 27
Sun, May 14, 2017
The trustees of retirement fund body EPFO are likely to raise the investment limit in exchange traded funds (ETFs) to 15% of the investible deposits, from 10% at present in the current fiscal.
Govt to amend EPF scheme to enable subscribers to withdraw 90% of funds for buying homes
Wed, Mar 15, 2017
The proposed EPF scheme will enable around four crore members of retirement fund body EPFO to withdraw up to 90% of their fund for making down payments while buying homes.