The EPFO decided to cut the administrative charges in view of its expanding business and high recovery of such fees. According to the EPFO estimates, the employers would save in total around Rs 900 crore annually after this move.

The retirement fund body said it has discontinued Aadhaar-seeding portal services provided through Common Service Centre (CSC) \"pending vulnerability checks\" and ruled out any leakage of subscribers' data from a government website.

The Himachal Pradesh-based company closed its operations in 2014 without paying the dues to various state departments, banks; wages and provident fund to its employees

The Employees' Provident Fund Organisation(EPFO) subscribers would be able to see ETF units in their PF accounts byMarch-end next year.

The Indian economy is being buffeted by a series of crises. Economic growth has slowed down considerably. This has led to lower private investment, fewer new jobs being created and a slowdown in export growth. As if all these are not enough, even agriculture seems to have hit a trough. Much of the slump in GDP growth during the first quarter of the current fiscal to 5.7 per cent has been attributed to the impact of demonetisation last year, followed by the introduction of the Goods & Services Tax or GST this year. To understand where the economy is headed and possible future policy direction, Business Today's Rajeev Dubey posed questions to former Finance Minister P. Chidambaram and Niti Aayog Vice Chairman Rajiv Kumar. Here are their vastly diverse views on a range of issues.

Nine new faces were sworn into Narendra Modi's Council of Ministers for the first time ever. Here's a brief profile of the new ministers of states who took the oath today.

Retirement fund body EPFO is considering crediting subscribers' share of its investments in ETFs to their provident fund accounts which may be redeemed at the time of taking advances.

Twenty one public sector banks, including State Bank of India (SBI) and IDBI Bank, are likely to see major disruption in operations today as bank unions go on a nation-wide strike to protest against government's move to 'privatise' public sector banks.

Services at public sector banks may take a hit on Tuesday as all unions under the aegis of UFBU have threatened to go on strike against the government's proposed consolidation move besides raising a host of other demands.

In the last couple of months, the EPFO has taken several initiatives to make the organization a service-friendly. Earlier in July, the EPFO asked its field offices to make final settlement of employees' provident fund money on the last day of retirement. 

With rising job losses, the trend of union activity in the IT sector will only intensify.

With the IT sector witnessing layoffs across the country, Forum for IT Employees or FITE on Thursday submitted two petitions to Karnataka Labour Commissioner, claiming that some employees of IT majors were 'forced to resign'.

At present, the sector is witnessing layoffs on a major scale for the first time since 2008-10 downturn. With a relatvely slow growth and firms looking forward to hire techies from the US, the future can hold more job cuts.

However, a forum of IT professionals has protested the move and called it \"illegal termination\" of employees.

The layoffs at Wipro come at a time when industry body Assocham has warned that the Indian IT firms may be forced to displace work force amid US tightening H-1B visa norms.