Apparel Export Promotion Council has hired a South Africa-based trainer to apprise garment exporters of new ways to increase their productivity level by holding workshops in the country.
The EPFO has about 5 crore (50 million) subscribers and the decision will have a bearing on their retirement fund.
"Danone is seeking majority stake, but we are not going to do that. Danone is one of the few international companies with whom we are negotiating to be our partner in the value added dairy project, but we have not yet finalised it," Keventer Group chairman M K Jalan told PTI. "We want a structure where Keventer and the international partner will hold 44.5 per cent each and Rajasthan government 11 per cent for offering the land for the project," he said.
Religious institutions and charitable trusts employing 20 workers or more will have to deposit employees' provident fund with the EPFO.
At present, someone short of the retirement age can completely withdraw the PF money.
In a move, which could impact Indian textiles exporters, European Union is considering modelling its 'Rules of Origin' for imports on the lines of that present in the United States.
This facility will be available to all those subscribers whose Universal Account Number (UAN) is activated and seeded with the KYC details like bank account and Aadhaar number.
Retirement fund body EPFO settled 1.21 crore subscriber claims, including withdrawal and transfer of provident fund, in 2013-14, an increase of 13 per cent over the previous year.
In May, EPFO received deposits of Rs 6,500 crores (Rs 65 billion) which, is 200 crores more than what was received in April this year.
Besides managing retirement funds, EPFO may come out with a scheme to provide housing to its over 5 crore (50 million) subscribers on additional contribution of 10 per cent by them from their basic wages every month.
The rest 25% would be paid to the subscriber at the age of 58.
The Finance Ministry has been pitching for EPFO funds to be invested in the equity markets to maximise their yields.
Some unions have opposed EPFO investing in share markets.
Employees covered under private PF trusts, which manage retirement fund of their workers themselves, will be able to transfer their PF accounts online from next month.
Recently, Hindu religious seers had threatened to boycott the ceremonial Kumbh snan if the Ganga was not clean.
Retirement fund body EPFO is all set to start online transfer of provident fund accounts in the first fortnight of October, a move that will benefit over 13 lakh applicants every year.
The facility for viewing PF accounts online was launched here by Labour Minister Sis Ram Ola in the presence of Minister of State for Labour and Employment Kodikunnil Suresh and EPFO's Central Provident Fund Commissioner K K Jalan.
The much-awaited minimum monthly pension of Rs 1,000 and a higher wage ceiling of Rs 15,000 for social security schemes run by retirement fund manager EPFO will be implemented from September 1.
EPFO has verified or attested 64.67 lakh Aadhaar numbers.
The meeting has been called as the Finance Minister P Chidambaram did not extend a March 31 deadline for the trusts to get regular tax exemption through the Employees' Provident Fund Organisation.
Employees Provident Fund Organisation is likely to issue permanent account numbers to employees.
At present, the EPF subscribers are exempted from paying income tax on deposits.
Employees of around 150 firms may lose out on PF benefits as their companies failed to get an exemption certificate from the Employees' Provident Fund Organisation (EPFO)
EPFO's Central Provident Fund Commissioner K K Jalan has said that these directives shall help the body in getting the bank account details of all the members which are necessary for making UAN operational.
The filing of online provident fund accounts transfer claims on changing jobs for subscribers of the retirement fund body EPFO has become a reality now.
The members of these trusts enjoy tax and other benefits at par with EPFO subscribers.
The EPFO launched one-page simplified forms for withdrawal.
Are they missing or have they been intentionally removed? A huge uproar has broken out after whistleblower IAS officer Ashok Khemka has revealed that two important pages of a file pertaining to DLF-Robert Vadra land deal, containing notings, are missing.
Otherwise, EPFO can freeze your account. But seek detailed calculation to verify the numbers
Experts say it's better to transfer the amount to one's current EPFO account than opting for a withdrawal.
Taking the first step towards launch of online PF transfer claim facilities, retirement fund body EPFO has unveiled the revised transfer claim form for the purpose.
'EPFO's investments this financial year should be Rs 1 lakh crore'
Supreme Court allows more instruments to use the biometric card.
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