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Govt hikes dearness allowance by 10%

The allowance has been increased to 90 per cent from the existing 80 per cent.

In August alone, EPFO settled 10.98 lakh claims while the percentage of claims settled within the mandated time frame was 98.9 per cent.
The EPFO is all set to launch a facility to provide online the updated provident fund (PF) account statements on real time basis for its over 5 crore subscribers.
At present, it can invest in AAA-rated PSU bonds with tenure up to 15 years. The new norms propose to increase this to 25 years.
The Employees' Provident Fund Organisation (EPFO) will launch an online facility on September 6 where over 5 crore subscribers can view their updated accounts.
The full fledged service of online transfer of PF accounts on changing jobs would be possible only after employers' have digital signatures for the purpose.
In order to give effect to the proposal, EPFO has called a meeting of all zonal heads on July 5, to draw an action plan.
Salaried employees contributing towards the employee provident fund (EPF) will earn a tad more on their mandatory savings.