Employment generation in the formal sector increased by 48 percent to touch a 15-month high of 7.32 lakh in November 2018 as compared to 4.93 lakh in the year-ago month, according to the latest EPFO payroll data
During October this year, the maximum number of 2.32 lakh jobs were created in the 22-25 years' age group followed by 2.22 lakh in the 18-21 years' age bracket.
Narendra Modi govt could dissolve EPFO's regulatory role, mulls separate entity to avoid conflict of interest
Following a suggestion from the finance ministry, the labour ministry has already started working on the proposed bifurcation of the EPFO
Over 70 lakh jobs created in last one year, says Narendra Modi; calls opposition claims on rising unemployment 'political gimmick'
Narendra Modi said that informal sector accounts for around 80 percent of all jobs and creation of jobs in the formal sector has a spin-off effect on job creation in the informal sector
Congress asks Narendra Modi not to 'hoodwink' country on jobs, says govt has no major achievement to show for itself
Congress accused Narendra Modi of hoodwinking the country by playing with statistics on job creation. Spokesperson Pawan khera said prime minister wanted people to believe that its failures are the "achhe din"
The PF or provident fund of private establishments/organisation/PSUs largely come under the EPFO
According to the data, the EPFO's April payroll number was the highest in the last eight months, indicating higher jobs creations than preceding 7 month.
The proposed audit by STQC comes after EPFO, in May this year, revealed it has discontinued services provided through CSC "pending vulnerability checks"
New member registrations with the EPFO for its various schemes declined to a four-month low of 4,72,075 in February
EPFO on Wednesday said it will inform its subscribers if contributions are not deposited by their employers with the body for a given month in due time
Employees’ Provident Fund Organisation slashes interest rate from 8.65% to 8.55%: All you need to know
The EPFO functions under the labour ministry of the central government and runs the premier PF saving scheme.
EPFO cuts interest rate to 8.55% from 8.65%, bank deposits unattractive, LTCG on stocks; it is no good time for savers
It is a stated policy of the government to bring down small savings rates to align with the bank deposit rates
In 2017, the EPFO embarked on a digital journey with an eye on providing almost all services on smartphones
Since ETFs passively track their underlying indices, they come with lower expenses as compared to their active fund peers
EPFO relaxes Jeevan Parmaan life certificate submission rules for pensioners, makes facility available at banks
EPFO says pensioners would have option of submitting digital or paper based certificate to pension drawing bank branches
There are about 48.85 lakh central government employees and 55.51 lakh pensioners in the country
EPFO’s move to raise the investment limit in exchange traded funds to 15% from 10%, will help the retirement fund body park Rs15,000 crore in stock markets in FY18
EPFO, the Central Board of Trustee, had approved the proposal to reduce the administrative charges to 0.65 percent from the existing 0.85 percent of total wages, on which contributions are payable.
Over 4 crore EPFO subscribers may get a lower interest at a rate of 8.6 per cent on their PF deposits for current financial year as Labour Ministry is expected to toe the Finance Ministry line to cut the rate.
EPFO started investing in exchange traded funds (ETFs) in August last year and has invested Rs 7,465 crore till 30 June, 2016