Out of around 80 million accounts that were analysed, there were 10 million records with only names and no other details about the subscribers, including their date of joining, date of birth and father's name, among others, in the EPFO's records.
The abolition of wealth tax is again a welcome step.
If the changes being considered by the EPFO become a reality, investors may have to be more active in deciding equity preference and when to withdraw money, reports Sanjay Kumar Singh
The Prime Minister's Office has decided to set up a panel, led by former chief statistician T C A Anant, to deliberate on whether the enterprise-level quarterly data, which is released by the labour bureau, should be discontinued.
The payroll estimates, released by the EPFO based on its enrolment, threw up some contrasting trend between September 2017 and February 2018.
'It is unlikely that foreign portfolio investors (FPIs) might increase their India allocation, given the overweight status for most FPIs.' 'Given the commentary from the Republican Party, an anti-imports approach means money will not flow out of the US.'
The Prime Minister's Office has suggested that EPFO should deploy 15 per cent of its funds as loan for low cost housing saying it would generate a credit flow of Rs 70,000 crore (Rs 700 billion).
The labour ministry has notified the more flexible investment pattern of 2008 for the Employees Provident Fund Organisation (EPFO), but minus its provision for investment in equity.
Otherwise, EPFO can freeze your account. But seek detailed calculation to verify the numbers
Labour Ministry has notified new investment pattern for EPFO.
In 5 years, the AMC has clocked a growth rate of 40% with its AUM up nearly 4 times.
Most employment surveys suffer from drawbacks such as limited data coverage, infrequent data collection, and time lag
Retirement fund body EPFO on Monday is likely to retain 8.5 per cent interest on PF deposits for its over 5 crore subscribers in 2013-14.
Unique Identification Authority of India said the alleged data breach took place on a website that does not belong to it.
The EPFO is likely to decide soon the rate of interest on PF deposits for 2013-14, which is expected to be over 8.5 per cent.
By region, Thiruvananthapuram leads with 247 defaulters, followed by Kolkata with 173 and Bhubaneswar with 115
Retirement fund body EPFO paid lesser amount as interest on PF deposits of over five crore subscribers than its earnings between 2007-08 and 2010-11, government auditor CAG has said.
On maturity, 40 per cent of the accumulated corpus can be withdrawn tax-free.
The total size of pension market in India is estimated to have stood at over Rs 1.5 lakh crore (Rs 1.5 trillion) in 2010, while it is expected to rise to over Rs 2 lakh crore (Rs 2 trillion) by 2015 and further to close to Rs 3 lakh crore (Rs 3 trillion) in 2020 and more than Rs 4 lakh crore (Rs 4 trillion) by 2025.
'Malicious files can silently sit in your phone and relay data to hackers without your knowledge.'
Post office savings of 1, 2 and 3 year term deposits and 5-year recurring deposit currently fetch 8.4 per cent interest per annum.
Rather than one-year returns, look at benefits of long-term investment in equity.
The Sindhis are a lesson in perseverance. Once uprooted, they've started all over, often reinventing themselves
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Govt unveils reforms that cuts down time and bureaucracy.
Retirement fund body EPFO's trustees on February 5 will decide on amending its scheme to provide a minimum monthly pension of Rs 1,000, which will immediately benefit its 27 lakh pensioners.
EPFO may start investing up to five per cent of its incremental corpus in the equity market.
Experts say it's better to transfer the amount to one's current EPFO account than opting for a withdrawal.
'When we say we want to increase pension participation, do we want to increase participation through the savings route?' 'Or do we want people to save in specific pension products?' asks Renuka Sane.
Priya Nair tells you how you can use technology to invest better and maximise returns.
'If you retain your account with the EPFO for 10 years, you get a life-long pension.'
PFRDA will invite bids to appoint pension fund managers.
Elaborating on this theme, Petroleum Minister Dharmendra Pradhan pointed out that if the power sector had not been opened up through reforms initiated in 2003, India would still have been in darkness.
Trustees of Retirement fund body EPFO will decide tomorrow on amending the scheme to provide a minimum monthly pension of Rs 1,000, which will immediately benefit about its 28 lakh pensioners.
It is best to invest long-term surplus in stocks or equity mutual funds.
The breadth was neutral with 1,329 advances and 1,320 declines.
Despite the equity booster, many would be uncomfortable about NPS.
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.
The proposal had attracted strong criticism from the salaried class.
Workers being laid off will be entitled to full wages of 45 days for every year of service.
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