Rs 6,000 crore EPF money to be invested in equities by March 2016

Last Updated: Monday, July 27, 2015, 18:11

About Rs 6,000 crore of EPF (Employees' Provident Fund) money would be invested in equities by March 2016 with a view to get higher returns, said Union Minister of State for Labour Bandaru Dattatreya Monday.

Labour Ministry to push reforms in Monsoon session

Last Updated: Sunday, May 10, 2015, 11:28

The government's key labour reforms bills on industrial relations, wages code, small factories and EPF are likely to be introduced in the next monsoon session of Parliament, sources said.

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.

Workers may get to choose between EPF and NPS for pension

Last Updated: Sunday, April 19, 2015, 12:05

The proposal is part of the bill to make comprehensive amendments to the Employees' Provident Funds and Miscellaneous Provisions Act 1952.

Workers may get to opt between EPF&NPS; ESI & health insurance

Last Updated: Saturday, February 28, 2015, 15:03

The proposal to provide these options to organised sector workers was announced today by the Finance Minister Arun Jaitley in his Budget speech for 2015-16.

Trade unions against increasing minimum pension, retirement age

Last Updated: Tuesday, February 24, 2015, 15:45

A national co-ordination committee comprising all trade unions in the country for Employees Retirement Pension Benefits (1995) has strongly opposed the raising of retirement age from 58 to 60 years.

Govt to consider unions' reservations in EPF Act amendments

Last Updated: Wednesday, February 11, 2015, 22:29

Government will consider trade unions' reservations on a proposal that would enable the Centre to reduce or waive off mandatory PF contributions by employees in certain cases.

Bill to amend EPF Act likely in Budget session

Last Updated: Thursday, February 5, 2015, 18:22

The government is likely to introduce a bill to amend the EPF & MP Act in the budget session of Parliament with the objective of bringing more workers under the social security benefit among other things.

EPFO trustees meet on Feb 5 to make Rs 1,000 pension a reality

Last Updated: Friday, January 24, 2014, 22:12

Retirement fund body EPFO's trustees on February 5 will decide on amending its scheme to provide a minimum monthly pension of Rs 1,000, which will immediately benefit its 27 lakh pensioners.

EPFO settles over 96% claims filed in Apr-Jul in set 30 days

Last Updated: Friday, August 23, 2013, 14:14

Retirement fund body EPFO has settled 96.11 percent of the claims filed during April-July this year within the mandated 30 days period as per their citizen charter.

EPFO puts on hold decision to make Aadhaar must for new account

Last Updated: Thursday, February 7, 2013, 13:07

Retirement fund body has decided to put on hold the decision to make it mandatory for new members joining EPF scheme to provide Aadhaar number as credential for enrolment from March 1, 2013.

Employers can now submit EPF subscription on line

Last Updated: Wednesday, May 2, 2012, 00:32

Ending hassles of employers in payment of EPF subscription of employees, the government on Tuesday started an electronic mechanism that promises to bring transparency and accessibility.