Labour Ministry

Coroanvirus Lockdown: EPFO allows employers to register digital signatures through e-mail

Retirement fund body EPFO on Wednesday allowed employers to register their digital signatures online through e-mail, in view of the lockdown to combat COVID-19, according to a labour ministry statement

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

Karnataka IT employees denounce retrenchment, salary cut during lockdown; seek Centre's intervention

The employees union extended all support to the affected employees and requested them to refuse to resign if asked to do so by the managements.

Labour ministry relaxes EPF norms; subscribers can withdraw up to 3 months of basic pay, dearness allowance in wake of lockdown

In its communication, the EPFO has stated that officers and staff must process claims of EPF subscribers promptly so that relief reaches the worker and his family to help them fight with COVID-19.

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

Labour Ministry implements EPFO's decision to restore pension commutation; to benefit 6.3 lakh pensioners

The labour ministry has implemented retirement fund body EPFO's decision to restore pension commutation under the Employees' Pension Scheme, a move that will benefit 6.3 lakh pensioners

Govt to reduce time taken for starting business; to introduce integrated electronic form from 15 February

Currently, the ministry has the electronic form SPICe (Simplified Proforma for Incorporating Company Electronically) and that would be replaced with SPICe+.

Adivasis and the Indian State: Tribal groups particularly vulnerable to bonded labour, strict enforcement needed to prevent exploitation

People from Scheduled Tribes in rural areas are often lured with petty sums to work in labour-intensive units, and then treated like cattle.

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

Finance ministry asks EPFO to reduce annual fund payout of 8.65% amid fears about lending crunch

EPFO, which is administered by the labour ministry, announced just before the recent April-May general election that it would pay the rate for the last financial year ending 31 March 2019, up from 8.55% in the previous year.