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In a major relief for millions of salaried employees, the Employees Provident Fund Organisation EP...
In light of the Diwali celebrations, the Employees Provident Fund Organisation EPFO an...
Nearly , Provident Fund PF members and pensioners under the Employees Pension Scheme, , ...
The EPFO Association has urgently appealed to the Union Labour Minister to enhance the IT infrastructure of the retirement fund body. In a letter sent earlier this week, the EPFO officers highlighted ongoing requests for upgrading the EPF’s IT systems, including software, hardware, and IT manpower. These deficiencies have severely strained EPF personnel and negatively […]
The Employees’ Provident Fund Organisation (EPFO) has recently made headlines by recovering ₹61 crore in provident fund dues from SpiceJet, a prominent player in India’s aviation industry. This development sheds light on the financial health of the airline and its commitment to meeting its obligations toward employees. EPFO vs. SpiceJet: Background SpiceJet, like many other […]
One of the two main social security organization, The Employees’ Provident Fund Organisation (EPFO) acknowledges the recent judgment issued by the esteemed High Court of Karnataka. India presently has social security agreements with 21 countries. These agreements ensure continued social security coverage for employees from these nations on a mutually reciprocal basis. When citizens from […]
One of the World’s largest Social Security Organisations, Employees’ Provident Fund Organisation (EPFO) has released its provisional payroll data on 24th March 2024 highlights that a noticeable aspect of Youth (18-25 age) dominated in January 2024 New Member Additions Data. The data is the dominant of the 18-25 age group, constituting a significant 56.41% of the […]
In the latest development, an incident surfaced from Mumbai where an HR Manager demanded sexual favors in exchange for releasing a 23-year-old girl’s deceased father’s Provident Fund (PF). The incident was reported by TOI, In the complaint, the woman said: “Despite submitting multiple forms to claim the PF, I did not receive it.” “After being […]
The EPFO has recently issued a circular for “Standard Operating Procedure (SOP)” for freezing and de-freezing of provident fund (PF) accounts”. The SOPs can provide for a time-bound methodology for freezing MIDs/UANs/Establishments on account of verification requirement, as a measure of due diligence to secure the funds in these MIDs/UANs/Establishments and the subsequent de-freezing, wherever […]
The Government has formulated four Labour Codes, namely, the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020 and the Occupational Safety, Health and Working Conditions Code, 2020, and published these Codes in the Official Gazette for general information. As a step towards implementation of the four Labour Codes, […]
The government has approved 8.1 per cent rate of interest on employees’ provident fund (EPF) deposits for 2021-22, which is expected to be credited around Diwali this year. In March this year, the Employees’ Provident Fund Organisation (EPFO) decided to lower the interest on provident fund deposits for 2021-22 to 8.1 per cent from 8.5 […]
The four labour codes on wages, social security, industrial relations and occupation safety, health, and working conditions are likely to be implemented from July 1, 2022. The long-awaited introduction of four labour codes was originally scheduled to happen at the beginning of the current fiscal year. The new wage code will impact working hours, 4-day week salary restructuring and […]
