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Employees Provident Fund Organisation EPFO is preparing to roll out a significant digital upgrade...
Indias formal job creation has declined for the second consecutive year, according to revised payro...
Employees Provident Fund Organisation EPFO is preparing to roll out its most significant digital ...
A recent disclosure by the Ministry of Labour and Employment has brought renewed attention to the financial distress faced by millions of retired workers under the Employees’ Pension Scheme, 1995 (EPS-95). As of March 31, 2025, out of 8.15 million pensioners enrolled in the scheme, more than 4.9 million—over 60%—receive monthly pensions below ₹1,500. The […]
Employees’ Provident Fund Organisation (EPFO) has recorded its highest-ever net addition of formal jobs in June 2025, with 21.89 lakh members added to its payroll. This marks the strongest monthly growth since EPFO began publishing payroll data in April 2018, signaling a robust expansion in India’s formal workforce. According to provisional data released by the […]
Employees’ Provident Fund Organisation (EPFO) has announced a significant increase in the ex-gratia amount provided under its Death Relief Fund. Effective April 1, 2025, the ex-gratia benefit for Central Board employees who die while in service has been raised from ₹8.8 lakh to ₹15 lakh. The amount will be disbursed to the nominee or legal […]
Prime Minister Narendra Modi, in his Independence Day address from the Red Fort on August 15, 2025, announced the Pradhan Mantri Viksit Bharat Rozgar Yojana (PM-VBRY)—a large employment-linked programme designed to accelerate private-sector hiring. The plan has a financial outlay of about ₹1 lakh crore (₹99,446 crore). It targets the creation of more than 3.5 […]
The Employees’ Provident Fund Organisation (EPFO) is gearing up for a major digital transformation with the launch of its new platform, EPFO 3.0. To spearhead this project, three of India’s largest IT companies—Tata Consultancy Services (TCS), Infosys, and Wipro—have been shortlisted to participate in the next stage of the selection process. The announcement was confirmed […]
Starting August 1, 2025, the Employees’ Provident Fund Organisation (EPFO) has made it mandatory for members to activate their Universal Account Number (UAN) through the UMANG mobile app, using Aadhaar-based face authentication. This move marks a significant shift toward a fully digital and self-service model for accessing EPFO services, eliminating the need for employer intervention […]
Employees’ Provident Fund Organisation (EPFO) has completed the processing of 15.24 lakh applications for higher pension entitlements, following a landmark Supreme Court ruling dated November 4, 2022. As of July 16, 2025, the EPFO has processed 98.5% of these claims, but the outcome has sparked widespread concern: over 11 lakh applications were rejected, while just […]
India has recorded a significant rise in women’s employment in the formal workforce, with the Labour Force Participation Rate (LFPR) for women aged 15 and above reaching 41.7% in 2023–24, up from 23.3% in 2019–20. This 18.4 percentage point increase marks a pivotal moment in the country’s employment landscape, reflecting the impact of sustained policy […]
Government of India has received formal representations from trade unions, pensioners’ associations, and public representatives requesting an increase in the minimum monthly pension under the Employees’ Pension Scheme (EPS), 1995. The current minimum pension stands at ₹1,000 per month, a figure that has remained unchanged since its introduction in September 2014. While no official decision […]
Union Cabinet has approved the Employment Linked Incentive (ELI) Scheme with a budgetary outlay of ₹99,446 crore. The scheme, announced in the Union Budget 2024–25, is designed to incentivize both first-time employees and employers creating sustained new jobs across sectors, with a special focus on manufacturing. ELI Scheme Overview and Registration Timeline The ELI Scheme […]
Employees’ Provident Fund Organisation (EPFO) has reported its highest-ever monthly net member addition of 20.06 lakh in May 2025. This figure includes 9.42 lakh new subscribers, reflecting a surge in workforce formalization and heightened awareness of social security benefits. The data, released by the Ministry of Labour and Employment, underscores the impact of targeted outreach […]
As the September 30 deadline approaches, central government employees face a pivotal decision: whether to remain in the New Pension System (NPS) or opt for the newly introduced Unified Pension Scheme (UPS). The choice carries long-term implications for retirement security, income stability, and financial planning. With both schemes now offering comparable tax benefits, the decision […]
