Epf

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Epf - Total results - 71
EPFO releases pension and arrears, accepts workers demand for commutation; here's all you need to know
Business

EPFO releases pension and arrears, accepts workers demand for commutation; here's all you need to know

The Employees' Provident Fund Organisation (EPFO) on Monday released Rs 868 crore pension along with Rs 105 crore arrears on account of the restoration of commuted value of (higher) pension.

Coronavirus Lockdown: Govt implements cut in employees' provident fund contribution to 10% for May, Jun, July
Business

Coronavirus Lockdown: Govt implements cut in employees' provident fund contribution to 10% for May, Jun, July

The Ministry of Labour & Employment has implemented the decision to cut employees' provident fund (EPF) contributions to 10 per cent from the existing 12 per cent for three months till July

Coronavirus Impact: 12 lakh EPFO members withdraw Rs 3,360 cr retirement savings during lockdown, says FM
Business

Coronavirus Impact: 12 lakh EPFO members withdraw Rs 3,360 cr retirement savings during lockdown, says FM

The EPFO, under the Union labour and employment ministry, has settled a total of 12 lakh claims under the Pradhan Mantri Garib Kalyan Yojana (PMGKY) package.

Lockdown: EPFO not charging penalty from companies for delay in payment of provident fund dues
Business

Lockdown: EPFO not charging penalty from companies for delay in payment of provident fund dues

Retirement fund body EPFO has decided not to impose any penalty for delay in payment of employees' provident fund contributions by firms during the natiowide lockdown

Coronavirus Lockdown: EPFO releases total Rs 764 cr to 65 lakh pensioners for April under its pension scheme
Business

Coronavirus Lockdown: EPFO releases total Rs 764 cr to 65 lakh pensioners for April under its pension scheme

Retirement fund body EPFO on Tuesday said it has disbursed a total of Rs 764 crore to 65 lakh pensioners for April under its pension scheme

Coronavirus Outbreak: EPFO settles 3.31 lakh withdrawal claims worth Rs 950 cr in 15 days
Business

Coronavirus Outbreak: EPFO settles 3.31 lakh withdrawal claims worth Rs 950 cr in 15 days

Retirement fund body EPFO settled 3.31 lakh PF withdrawal claims worth around Rs 950 crore in the last 15 days to give relief to the members during the lockdown

Coronavirus Outbreak: EPFO settles 1.37 lakh PF withdrawal claims worth around Rs 280 cr to ease lockdown woes
Business

Coronavirus Outbreak: EPFO settles 1.37 lakh PF withdrawal claims worth around Rs 280 cr to ease lockdown woes

Retirement fund body EPFO on Friday said it has settled 1.37 lakh provident fund withdrawal claims worth Rs 280 crore to provide relief to subscribers during the lockdown

EPFO advises beneficiaries to avail online services and not to visit its offices in view of coronavirus spread
Business

EPFO advises beneficiaries to avail online services and not to visit its offices in view of coronavirus spread

The Employees' Provident Fund Organization (EPFO) on Friday asked pensioners and employers to avoid visiting its offices and avail online services like raising claims for PF, view balance, and make payments etc from their homes

Coronavirus outbreak: Damage to India’s economy has been contained by quick policy decisions; imperative that RBI cuts rates only if needed
Business

Coronavirus outbreak: Damage to India’s economy has been contained by quick policy decisions; imperative that RBI cuts rates only if needed

The RBI should cut rates only if it needs to and when it wants to--not because other central banks are doing so.

EPFO cuts interest rate on deposits to 8.5% for 2019-20, says labour minister Santosh Gangwar
Business

EPFO cuts interest rate on deposits to 8.5% for 2019-20, says labour minister Santosh Gangwar

Retirement fund body EPFO on Thursday lowered interest rate on provident fund deposits to 8.5 percent for the current financial year, said Labour Minister Santosh Gangwar on Thursday

Labour ministry keen to retain 8.65% interest rate on employees provident fund deposits for 2019-20
Business

Labour ministry keen to retain 8.65% interest rate on employees provident fund deposits for 2019-20

The labour ministry is keen to retain an interest rate of 8.65 percent paid on provident fund deposits to around six crore subscribers of retirement fund body EPFO for the current financial year, a source said

Govt notifies 8.65% interest rate on employees provident fund for 2018-19; over 6 cr EPFO members to benefit
Business

Govt notifies 8.65% interest rate on employees provident fund for 2018-19; over 6 cr EPFO members to benefit

The government has approved 8.65 percent interest rate on employees provident fund for 2018-19, which will now be credited into the accounts of over 6 crore subscribers of retirement fund body EPFO, a source said on Thursday

Labour Minister Santosh Kumar Gangwar says 8.65% interest on Employees' Provident Fund to be notified soon
Business

Labour Minister Santosh Kumar Gangwar says 8.65% interest on Employees' Provident Fund to be notified soon

The labour ministry will soon notify 8.65 percent rate of interest on Employees' Provident Fund (EPF) for 2018-19 as the finance ministry does not disagree on this rate, said Labour Minister Santosh Kumar Gangwar on Friday

EPFO likely to appoint HSBC AMC, UTI AMC, SBI Mutual Fund as fund mangers for three-year term
Business

EPFO likely to appoint HSBC AMC, UTI AMC, SBI Mutual Fund as fund mangers for three-year term

Retirement fund manager EPFO is likely to appoint next week at its trustees' meet asset management firms HSBC AMC, UTI AMC and SBI Mutual Fund as its fund managers for a three-year term

Reports on high unemployment rate in country 'misleading', says Union Minister Santosh Kumar Gangwar in Lok Sabha
India

Reports on high unemployment rate in country 'misleading', says Union Minister Santosh Kumar Gangwar in Lok Sabha

Union Minister Santosh Kumar Gangwar Monday said that reports about high unemployment rate in the country are misleading and asserted that employment generation is the priority of the government

No need to file transfer of EPF claims on job change, process to become automated from next fiscal
Business

No need to file transfer of EPF claims on job change, process to become automated from next fiscal

This will enable the employee to get the credits of his EPF contribution during his previous tenure with old employer into his or her UAN automatically

EPF interest hike by 10 bps is significant: It gives savers higher returns but banks have to walk tightrope now
Business

EPF interest hike by 10 bps is significant: It gives savers higher returns but banks have to walk tightrope now

With the EPF announcing an increase in the rate by 10 bps is significant because the organization belongs to the government

EPF schemes add more than 1.45 crore new subscribers in one year; 91 lakh cease to be members of retirement fund scheme
Business

EPF schemes add more than 1.45 crore new subscribers in one year; 91 lakh cease to be members of retirement fund scheme

The Ministry of Statistics and Programme Implementation (MoSPI) has been bringing out the employment-related statistics in the formal sector since April, 2018 covering the period September 2017 onwards.

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