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10,932 companies default on provident funds, Airports Authority of India tops the list

Aug 09, 2016

10,932 companies default on provident funds, Airports Authority of India tops the list

More than 10,000 companies – including 1,195 state-owned – nationwide have defaulted on provident fund payments #ConnectTheDots #EPFO #Airports Authority of India #Thiruvananthapuram #provident fund #Retirement plans #PF defaulters
Why govt shouldn't transfer idle PF money belonging to the poor to senior citizens' fund

Aug 02, 2016

Why govt shouldn't transfer idle PF money belonging to the poor to senior citizens' fund

To be sure, taking care of senior citizens is not a gimmick but doing so by hurting another vulnerable segment of the society-- -small, itinerant workers-- -is a cruel gimmick #EPFO #Income tax #TDS #provident fund #PAN #UAN #PF money #vulnerable segment
From 5%, EPFO fund allocation in stock markets may jump to 15% this fiscal

Jun 28, 2016

From 5%, EPFO fund allocation in stock markets may jump to 15% this fiscal

As on 31 March, 2016 the amount invested was Rs 6,577 crore which gave a return of Rs 6,601 crore, which is up by 0.37 percent #Bonds #EPFO #ETFs #provident fund #Stock Markets #Bandaru Dattatreya
Govt allows PPF withdrawal after 5 years for education, health emergency

Jun 21, 2016

Govt allows PPF withdrawal after 5 years for education, health emergency

It, however, added that such premature closure shall be allowed only after the account has completed five financial years #provident fund #PPF withdrawal
Govt shouldn't use unclaimed PF money for project financing; it belongs to ignorant labour class

Jun 15, 2016

Govt shouldn't use unclaimed PF money for project financing; it belongs to ignorant labour class

But most of the unclaimed provident fund belongs to the itinerant, ignorant labour class who flit from organization to organization spread across the country leaving a PF balance at each halt #provident fund #UAN #Universal Access Number #PF accounts
EPFO's low-cost housing move could be another bloomer. Here's why

May 10, 2016

EPFO's low-cost housing move could be another bloomer. Here's why

The idea behind the age-old and time-tested legal bar is provident fund belongs as much to the family as the employee himself and the family should not suffer the consequences of an employees wayward ways #EPFO #provident fund #UAN #Bangaru Dattatreya #housing EMIs #Finance Minister Jaitley
FinMin approves 8.7% interest on EPF for 2015-16: Dattatreya

Apr 25, 2016

FinMin approves 8.7% interest on EPF for 2015-16: Dattatreya

The Finance Ministry has approved 8.7 per cent interest on PF deposits for over 5 crore subscribers of retirement body EPFO, lower than 8.8 per cent decided by the Central Board of Trustees (CBT). #finance ministry #EPFO #provident fund #CBT #Labour Minister Bandaru Dattatreya #fiscal 2016 #EPF interest rate
Letter to PM: Lay off our savings, PF money is not yours

Apr 20, 2016

Letter to PM: Lay off our savings, PF money is not yours

My entreaty is earnest and simple: Don't even look at the PF money. It is not yours. The government's job is to ensure that the PF money is managed well #Narendra Modi #InMyOpinion #Government of India #Pension #PF #provident fund #Tax withdrawals
PF restrictions rolled back: Flip-flop shows govt far removed from ground reality

Apr 20, 2016

PF restrictions rolled back: Flip-flop shows govt far removed from ground reality

The key question about the PF withdrawal norms is why is the government deciding what an individual should do with his/her money? #Personal finance #provident fund #Bandaru Dattatreya #PF withdrawal #EPF Scheme 1952
Govt rolls back PF withdrawal curbs under trade union pressure

Apr 20, 2016

Govt rolls back PF withdrawal curbs under trade union pressure

Earlier in the day, the government tried to firefight by announcing its decision to keep the implementation of the notification in abeyance for three more months. #Narendra Modi #PolicyWatch #provident fund #Bandaru Dattatreya #PF withdrawal norms