Daily Headlinez Top News Updates
NEW DELHI: In a big relief to millions of its members who face difficulty in validating their past service records while filing advance or final settlement claims, Employees Provident Fund Organisation (EPFO) is set to deploy new-age technologies like artificial intelligence (AI), blockchain and machine learning (ML) to authenticate member records, reports Shiva Rajora.“People who…
NEW DELHI: In a move that could significantly enhance the coverage of Employees Provident Fund Organisation, a proposal to increase monthly wage ceiling beyond the current Rs 15,000 is back on the table amid suggestions that it should be raised to Rs 25,000-30,000 a month.The wage ceiling refers to the salary threshold up to which…
Employees’ Provident Fund Organisation (EPFO) has processed nearly 99 per cent of applications seeking higher contributions to secure increased pensions under the Employees’ Pension Scheme (EPS) 1995, Parliament was informed Monday.Minister of state for labour & employment Shobha Karandlaje, in a written reply to Lok Sabha, said the EPFO has acted to implement directions issued…
The Delhi High Court on Tuesday ruled that expatriates working in Indian companies must become members of the Employees’ Provident Fund Organisation (EPFO) and contribute to the fund regardless of their income levels.The court upheld amendments to the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, as well as the Centre’s 2008 and 2010 notifications…
Mumbai: India Post Payments Bank, a 100% govt-owned entity under the Department of Posts, has signed an MoU with the Employees’ Provident Fund Organisation to provide doorstep digital life certificate services to pensioners under the Employees’ Pension Scheme, 1995.Under the partnership, IPPB will use its network of around 1.65 lakh post offices and over 3…
The Employees’ Provident Fund Organisation (EPFO) has introduced a new feature, “Passbook Lite,” on its member portal, aimed at giving employees a simplified, single-window view of their provident fund accounts.Union labour & employment minister Mansukh Mandaviya said the move is part of a series of reforms designed to “improve transparency, reduce grievances, and enhance member…
