Of the total 14.65 lakh net subscribers added in July, around 9.02 lakh new members came under the social security umbrella of EPFO for the first time, says the Ministry of Labour & Employment
The provisional payroll data of the retirement fund body released on Friday underlines a rising trend with 12.83 lakh net (payroll) addition against April and May, a labour ministry statement said
Six employees of a regional office in Mumbai who were found to be prime conspirators behind the fraud were suspended. The case is now likely to be handed over to the Central Bureau of Investigation
Parliamentary Standing Committee on Labour observed that despite the COVID-19 pandemic, net EPFO payroll addition for 2020-21 was 77.08 lakh, almost at par with 2019-20 net payroll addition of 78.58 lakh
The move to invest in InvITs will expand EPFO's options as it currently invests only in bonds, government securities, and exchange-traded funds.
Union Finance Minister Nirmala Sitharaman has announced a Rs 6.28 lakh crore stimulus package.
Atmanirbhar Bharat Rozgar Yojana, which was launched on October 1, 2020, incentivises employers for the creation of new employment, restoration of loss of employment through EPFO
EPFO adds 12.76 lakh net subscribers in April 2021
The number of exits in April declined by 87,821, while rejoining increased by 92,864 subscribers as compared to March 2021.
BMS, in a letter to labour minister Santhosh Gangwar on June 12, wanted EPFO to be asked to accept contributions if Aadhaar number is furnished to safeguard the interests low wage earners
The provision for special withdrawal to meet the financial need of members during pandemic was introduced in March 2020, under Pradhan Mantri Garib Kalyan Yojana.
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