Unions question TDS on PF withdrawals, want order on hold

Last Updated: Friday, May 22, 2015, 17:23

Opposing the government's decision to deduct tax at source on pre-mature PF withdrawals, trade unions on Friday said they will ask the Labour Ministry to put the EPFO order in this regard on hold.

EPFO to deduct TDS on PF withdrawals in some cases from June

Last Updated: Thursday, May 21, 2015, 23:38

Retirement fund body EPFO will deduct tax at source from next month on PF withdrawals where accumulations are over Rs 30,000 and the employee has worked less than five years.

Revamped CPSE ETF by October; EPFO, NPS to park fund

Last Updated: Thursday, May 21, 2015, 16:04

The Finance Ministry is planning to launch a revamped and retail investor-friendly CPSE Exchange Traded Fund (ETF) by October in which cash rich EPFO and NPS could park their money along with individual investors.

PF contribution likely to be on 'Contributory Wages'

Last Updated: Wednesday, May 20, 2015, 23:20

In a breather to employers, the Labour Ministry has proposed that contribution by companies towards their workers' EPF schemes would be a portion of "Contributory Wages" which will not include house rent and travel allowances.

To get EPFO funds listed firms need at least Rs 5,000 cr m-cap

Last Updated: Sunday, May 17, 2015, 14:33

To get EPFO funds, listed companies would need to have a minimum market capitalisation of Rs 5,000 crore, even as the retirement fund body will invest only the exchange traded funds (ETF) in the current financial year.

EPFO to invest 5% of its corpus in equity market

Last Updated: Friday, May 15, 2015, 23:29

The Labour Ministry has allowed investing a part of retirement fund body EPFO's incremental corpus in equity market in the form of exchange-traded funds, Central Provident Fund Commissioner K K Jalan said on Friday.

EPFO to invest in equity and related instruments

Last Updated: Wednesday, May 6, 2015, 20:36

Government has notified a new investment pattern for Employees' Provident Fund Organisation (EPFO) providing for investment in equity and related instruments, which would entail an investment of Rs 5,000 crore in the equity market annually.

Govt approves Rs 1,000 minimum monthly pension in perpetuity

Last Updated: Wednesday, April 29, 2015, 13:37

The scheme was initially effective only till last month.

Government may make UAN mandatory for EPFO subscribers

Last Updated: Tuesday, April 28, 2015, 21:55

The government is considering a proposal to make it mandatory to have Universal (portable PF) Account Number (UAN) for availing of benefits of schemes run by the Employees' Provident Fund Organisation (EPFO).

Govt allows investing 5% of EPFO corpus in stock markets

Last Updated: Friday, April 24, 2015, 17:51

Government has allowed retirement fund body EPFO to invest 5 percent of its corpus in exchange traded funds which will result into an inflow of around Rs 5,000 crore into the stock markets during this fiscal.

EPFO asks its field offices to ensure compliance by BSNL

Last Updated: Wednesday, April 22, 2015, 21:35

The Employees' Provident Fund Organisation's (EPFO) directive for its field offices came after a BSNL workers reported discrepancies in implementation of the schemes by BSNL.

Labour Min may notify new investment norms for EPFO soon

Last Updated: Tuesday, April 21, 2015, 18:05

The Labour Ministry may soon notify new investment norms for EPFO allowing the retirement fund body to invest up to 5 percent of its huge corpus of Rs 6.5 lakh crore in exchange traded funds (ETF).