In January, the Employees' Provident Fund Organisation had asked the field staff to ensure the collection of data in respect of member joining on or after March 1, on a monthly basis and in respect of existing members by June 30, 2013.
Employees Provident Fund Organisation is likely to issue permanent account numbers to employees.
Amidst a debate in the government over investment of employees' provident funds in the stock market, former RBI Governor Bimal Jalan cautioned that any such move will have to be backed by a government assurance for making up for losses, if any.
Niranjan Hiranandani, chairman of London-listed Hirco Plc, has resigned in the backdrop of the Central Bureau of Investigation (CBI) inquiry against him in a possible breach of the Employees Provident Fund Act.
Labour Ministry has justified EPFO's declaring 9.5 per cent interest for 2010-11.
United Liberation Front of Asom chief Arabinda Rajkhowa was released from the Guwahati Central Jail, two days after his bail plea was granted by a designated TADA court.
Retirement fund body EPFO is planning to settle all claims like transfer and withdrawal of provident fund within three days, a move that will benefit over one crore such claimants every year.
EPFO has recently issued Universal PF Account Numbers for 4.17 crore contributing members.
The Labour Ministry has relaxed investment norms for retirement fund manager EPFO, but refrained from allowing the body to invest a part of its huge corpus of around Rs 5 lakh crore in equity markets.
The EPFO launched one-page simplified forms for withdrawal.
Withdrawals from EPF and NPS to have same tax rates.
The Budget touches a few highs and lows as far as personal finance is concerned, and one needs to be aware of them in order to optimise on one's investment plans.
'At 23, he has experienced what very few of his age have: Poverty at home, a stint in jail for his student activism.' 'His experience told him that if you want your rights, you have to fight for them.'
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
aok In-House BPO Service (Navi Mumbai) is looking to hire data entry operators.
Labour Ministry has notified new investment pattern for EPFO.
The return from the ETF investment will be more than the 8.75 per cent the EPFO offers to subscribers now.
A run-in between the judiciary and the executive over appointment of three Supreme Court judges and an impeachment move against a High Court judge topped the issues that kept the Law Ministry's hands full in an year, which also saw some progress on the introduction of the Judges Inquiry Bill 2008 to check corruption.
A senior EPFO official said, "(Subhiksha) was given 15 days, starting February 20, to pay the PF dues. Since these were not paid, we will go ahead with the action and set a target to collect the dues before March 31, 2009, when the fiscal year comes to an end." The PF dues to be paid for the June-September period of 2008 were around Rs 1.46 crore. The status of Subhiksha's PF payments in other parts of the country will also be checked.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Trade unions' had demanded 8.9 per cent interest rate.
Demands include 5-day banking, PF to be calculated on total salary and allowances, not only on basic
Bank provides for Rs 7,178 crore, or 50 pf of the total amount of the Rs 14,356 crore scam, in the fourth quarter of 2017-18. The remaining amount will be covered in the three quarters of the current fiscal year.
'We know that if the IT industry goes on strike even for a day or two, the repercussions will be international, and we will suffer as a country.' 'We don't want that to happen.'
The AITUC has suggested utilisation of the entire corpus for creation of the infrastructure development fund. Do you agree?
The pro-Taliban militants warned the authorities that they would not allow the conduct of elections in the restive Swat district, sources were quoted on Wednesday by The News daily as saying on condition of anonymity.
The number of contributors was 46.4 million in July and 44 million in September.
22-year-old Vinod was stripped, tied to a tree and beaten up by the girl's relative -- a lawyer -- who then got the victim's head tonsured.
Some dos and don'ts about financial investments and long term planning.
Assume the worst regarding how long your unemployment could last and make conserving cash your topmost priority, suggests Sanjay Kumar Singh.
There has been demand to hike the PF interest rate to 8.90 per cent.
Finance Minister Nirmala Sitharaman on Wednesday announced Rs 3 lakh crore collateral free automatic loan for businesses, including MSMEs, to benefit 45 lakh small businesses. Detailing parts of the Rs 20 lakh crore economic stimulus package, she said this loan will have a 4-year tenure and will have 12-month moratorium, she said.
The move can help mop up about Rs 1.2 lakh every day for the purpose.
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