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Tuesday, October 27, 2020

Employees Provident Fund Organisation

EMPLOYEES PROVIDENT FUND ORGANISATION NEWS

EPFO looks at criminal action to recover stressed investments

September 16, 2020 9:45 am

At its meeting last week, the Central Board of Trustees (CBT) chalked out a plan of action after discussing the status reports of the risky investments spread across companies including Reliance Capital, DHFL, IL&FS, Yes Bank, Indiabulls and IDFC, three CBT members said.

EPF members withdraw Rs 39.4K crore during Mar 25-Aug 31; highest from Maharashtra

September 15, 2020 11:54 am

Members of Employees’ Provident Fund Organisation (EPFO) were also allowed relaxation in March regarding withdrawal of their funds to mitigate financial difficulties posed by the pandemic.

EPFO Central Board set to okay offloading part of ETFs to meet FY20 interest payout

September 08, 2020 11:37 am

The Central Board of Trustees, in March, recommended an interest rate of 8.5% for 2019-20, a 15 basis point downward revision from the 8.65 per cent offered in the previous year.

EPFO net new enrolments at 6.55 lakh in June, same as monthly average of last year

August 21, 2020 11:28 am

New subscribers of the retirement fund body increased to 4.98 lakh in June from 3.03 lakh in May, the Labour Ministry said in a statement.

Of 93L EPFO claims settled so far in FY21, 11.27L filed via UMANG

August 11, 2020 12:37 am

The claims filed through the app saw a 180% rise from the 3.97 lakh claims filed through the app during the pre-Covid-19 period of December-March 2020.

Gujarat: EPFO gets 95,600 claims for PF withdrawals in 3 months

June 13, 2020 11:40 pm

Of the total claims made during these three months, 25,061 claims have been made by employees who filled in Form-19. This form is used for withdrawal of PF when an employee retires or quits his job.

EPFO settles 3.31 lakh withdrawal claims worth Rs 950 crore in 15 days

April 16, 2020 7:35 pm

In addition, Rs 284 crore have been distributed by the exempted PF Trusts under this scheme, notable among them being TCS, it added.

EPFO defers March dues payment till May 15, relief for 6 lakh firms

April 15, 2020 7:42 pm

While the due date for March contributions is usually April 15, a grace period of 30 days has been allowed to the establishments covered under EPF & MP Act. The employers have to declare the date of disbursement of wage for March, 2020 in the ECR for the month.

Registration of new companies under EPFO, ESIC to be done on MCA portal

March 07, 2020 5:16 am

"Ministry of Labour and Employment has completed the reform to integrate process of registration for GST, EPFO, ESIC and profession Tax for Maharashtra with company incorporation, in tandem with the MCA,” the Labour Ministry said.

EPFO cuts interest rate on employee provident fund to 8.50% for 2019-20

March 05, 2020 1:46 pm

Earlier the interest rate on employee provident fund was at 8.65 per cent.