Employees Provident-fund-organisation

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Employees Provident-fund-organisation - Total results - 45
EPFO payroll data shows 7.32 lakh jobs created in November; 73.50 lakh in last 15 months
Business

EPFO payroll data shows 7.32 lakh jobs created in November; 73.50 lakh in last 15 months

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

EPFO payroll data: 8.27 lakh jobs created in October; 79.16 lakh in last 14 months
Business

EPFO payroll data: 8.27 lakh jobs created in October; 79.16 lakh in last 14 months

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
Business

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'
Business

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
India

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"

EPFO to be sole regulator for all categories of PFs, says Parliamentary panel to Labour Ministry
Business

EPFO to be sole regulator for all categories of PFs, says Parliamentary panel to Labour Ministry

The PF or provident fund of private establishments/organisation/PSUs largely come under the EPFO

Four million jobs added in eight months till April 2018 as per EPFO data, says CSO report
Business

Four million jobs added in eight months till April 2018 as per EPFO data, says CSO report

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.

Govt IT test lab to audit EPFO's suspended Aadhaar seeding app over data theft concerns
Business

Govt IT test lab to audit EPFO's suspended Aadhaar seeding app over data theft concerns

The proposed audit by STQC comes after EPFO, in May this year, revealed it has discontinued services provided through CSC "pending vulnerability checks"

Job creation slows as registrations with EPFO dips to four-month low in February
Business

Job creation slows as registrations with EPFO dips to four-month low in February

New member registrations with the EPFO for its various schemes declined to a four-month low of 4,72,075 in February

Pension fund body EPFO to inform subscribers about contributions not deposited by employers
Business

Pension fund body EPFO to inform subscribers about contributions not deposited by employers

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
Business

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
Business

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

From UAN to PF account seeding with Aadhaar, EPFO will provide all its services on smartphones
Business

From UAN to PF account seeding with Aadhaar, EPFO will provide all its services on smartphones

In 2017, the EPFO embarked on a digital journey with an eye on providing almost all services on smartphones

Lackluster demand for ETFs in India has not stopped managers from launching fresh funds
Business

Lackluster demand for ETFs in India has not stopped managers from launching fresh funds

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
Business

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

Provident fund body directs field offices to settle pension on retirement day
Business

Provident fund body directs field offices to settle pension on retirement day

There are about 48.85 lakh central government employees and 55.51 lakh pensioners in the country

EPFO trustees likely to raise ETF investment limit to 15% on 27 May
Business

EPFO trustees likely to raise ETF investment limit to 15% on 27 May

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 cuts administrative charges to 0.65%; firms to save Rs 1,000 cr a year
Business

EPFO cuts administrative charges to 0.65%; firms to save Rs 1,000 cr a year

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.

Employee provident fund may get 8.6 per cent interest in 2016-17
Business

Employee provident fund may get 8.6 per cent interest in 2016-17

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.

Govt says EPFO investments in equities fetched over 12% return in a year
Business

Govt says EPFO investments in equities fetched over 12% return in a year

EPFO started investing in exchange traded funds (ETFs) in August last year and has invested Rs 7,465 crore till 30 June, 2016