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Labour Ministry News
Labour Ministry shelves plan to double minimum pension - EPFO faces fund crunch
Fri, Mar 29, 2019
Out of 6 million pensioners under the EPFO, nearly 4.5 million receive less than Rs 2,000 per month, therefore increase in the pension amount would put the additional financial burden of Rs 1,500 crore annually on the government.
No labour welfare cess exists, govt budget to reimburse maternity leave pay: Labour Ministry
Sat, Nov 17, 2018
The Labour Ministry Friday said there is a proposal to pay employers for extended maternity benefit from government budget and not from any labour welfare cess as it does not exist.
Now, employers need to file, pay fee for registrations, licences through Shram Suvidha Portal
Wed, Sep 26, 2018
The labour ministry said Wednesday it is mandatory for employers to file and pay fees for seeking registration and licences under certain laws on Shram Suvidha Portal, a move to improve efficiency in public service delivery system.
Gratuity period for making claims may be slashed to just 3 years from existing 5 years: Sources
Thu, Apr 05, 2018
Talks are going on with all parties involved in the demand and a decision in this relation will be taken soon. According to the sources, change in the limit of the minimum number of employees in any establishment for the Gratuity is also being considered.
Fixed term employment: Centre extends facility to all sectors
Tue, Mar 20, 2018
The concept of fixed term employment defines the tenure of employment as well as other associated conditions of service and remunerations, which are provided to regular employees under various labour laws. The worker employed for short period will get better working and service conditions as compared to a contract worker.
Changing job? EPFO likely to begin automatic PF amount transfer from September
Sat, Sep 02, 2017
Employees contribute to their EPF accounts during their service. When an employee changes employers and moves to a new establishment, there arises the question of withdrawing or transferring their EPF accounts.
Need of money? Here's how you can withdraw amount from your PF
Wed, Jul 19, 2017
For the current financial year, the retirement fund body Employee Provident Fund Organisation (EPFO) will soon be announcing the interest rate on Provident Fund deposits.
EPFO added over 1 crore workers in new enrollment scheme since January 1
Mon, Jul 10, 2017
The provident fund body, EPFO enrolled 1.01 crore workers in Employees’ Enrolment Campaign which concluded on June 30.
EPFO may bring 500 small private PF Trusts into its fold
Sun, Jun 25, 2017
Retirement fund body EPFO may bring 500 private PF trusts within its fold whose EPF accumulations are around Rs 1 crore each, or have up to 20 members, for offering better services to those subscribers.
'Universal pay' may soon be a reality in India; find out what it is
Mon, Jun 12, 2017
Government of India is readying Universal Wage Code Bill which aims to end pay-gap. The minimum income guarantee applies also for those workers, who are earning more than Rs 18,000.
EPFO extends deadline for submitting Aadhaar to June 30
Wed, Jun 07, 2017
Retirement fund body EPFO has extended the deadline for submitting Aadhaar number to June 30 for its over four crore members. However, the deadline for submission of Aadhaar number would be September 30, 2017 in case of north-east states.
This crucial EPFO decision may increase your 'in-hand' salary
Fri, May 26, 2017
The labour ministry received several representations stating that the move will leave more money with workers for expenditure and reduce employers liability, which will eventually perk up economy.
EPFO to take call on increasing ETF investment to 15%: Labour Minister
Mon, May 22, 2017
The Finance Ministry had earlier notified a new investment pattern for EPFO, allowing the body to invest a minimum of 5 per cent and up to 15 per cent of its funds in equity or equity-related schemes.
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.
Planning to use your Provident Fund? Here's how you can check PF status online
Mon, May 15, 2017
EPF balance consists of amount deducted every month from your salary plus the amount that is contributed to your EPF account by your employer.
You can withdraw EPF for treatment without doctor certificate
Thu, Apr 27, 2017
Now, the subscribers can seek fund withdrawal from their EPF account on various grounds by using a composite form along with a self-declaration.
Now you can use 90% of your EPF to buy a home. Keep these 5 conditions in mind
Tue, Apr 25, 2017
The 68B talks about the withdrawal from the Fund for the purchase of a dwelling house/flat or for the construction of a dwelling house including the acquisition of a suitable site for the purpose.
You can withdraw 90% EPF to buy home, pay EMI from account
Mon, Apr 24, 2017
The withdrawal facility from the PF account will be available to only those PF members who fulfil the conditions prescribed.
At 8.65%, investing in EPF a better option than fixed deposits
Wed, Apr 19, 2017
EPF and tax-saving fixed deposits both earn a tax break of up to Rs 1.5 lakh under Section 80C of the Income Tax Act.
Finance Ministry okays 8.65% interest on EPF
Sun, Apr 16, 2017
According to EPFO estimates, the fund will see a surplus after providing 8.65% interest rate for the last fiscal.