EMPLOYMENT PROVIDENT FUND
$40 billion fund manager says India will add trillion dollar GDP every few years
As part of the ongoing multi-decadal growth super-cycle, India is expected to add a trillion dollar to nominal GDP every few years, Ritu Arora, CEO and chief investment officer (CIO) Asia at Allianz Investment Managers, said.
Godrej Fund Management launches $500 million office platform; raises $250 million in 1st round
Singapore-based GFM, a real estate private equ...
Gig Workers Fund: Internet firms seek clarity on social security inputs
Online platforms, such as Amazon India, Ola, Uber and Urban Company, ...
New demand-driven scheme in the works to create more entrepreneurs
The plan is to impart entrepreneurship development training to aspiring and existing entrepreneurs for setting up and scaling up their enterprises through 610 entrepreneurship development centres at district levels.
PM Janjatiya Vikas Mission to give jobs to tribals in remote, maoist areas soon
PMJVM will be an amalgam of a number of existing schemes for a more targeted approach to generate employment for tribals in villages, based on the recommendations of a group of ministers on employment generation. It would focus on 100 most backward tribal-dominated districts.
From credit guarantee scheme to employment support, govt mulls stimulus for stressed sectors
The package being worked out could also include support for employment generation by taking over the burden of provident fund contributions for new hires.
Domestic remittances reach 60-80% of pre-pandemic levels
The flow of domestic remittances revived in September, suggesting that the migrant crisis that ensued during the initial months of the lockdown is gradually easing, payment companies and banks said.
Ministry of Labour and Employment allays fears about Labour Codes
In a pointed clarification on raising employee limit of smaller units for closure to 300, the ministry has underlined that the department-related Parliamentary Standing Committee had also recommended increase in threshold from 100 workers to 300 workers for seeking prior permission for retrenchment, lay-off and closure.
Covid provides an opportunity for ARCs and stress funds to help economy: Edelweiss ARC
When the Covid problem started, I was worried about whether there will be any recoveries at all. But in the June quarter, we recovered about Rs 600 crore. We have recovered from almost 60-70 loan accounts.
Voluntary provident fund: Investing, contribution, interest rate and other things to know
If you are planning to invest in the Voluntary Provident Fund (VPF), here are the answers of the some the commonly asked questions about it.
Lockdown: EPFO not charging penalty from cos for delay in payment of provident fund dues
Earlier on April 30, the EPFO allowed employers to file monthly EPF returns without making simultaneous payment of dues, which gave a relief to about 6 lakh firms amid the lockdown.
Don't cut salaries or resort to layoffs: EPFO appeals to employers
New Delhi: Amid the ongoing lockdown imposed to contain the transmission of coronavirus, which has forced companies to halt operations tempo...
Covid-19: Public, pvt cos told not to cut salaries, lay off staff
The government asked public and private establishment employers not to cut salaries or lay off employees during the coronavirus pandemic.
Tax-exempt employer contribution to PF, NPS capped: Why high earners should opt for VPF, NPS
Till now, individuals with high basic salary could have the employer contribute up to 22% of the basic towards PF and NPS (12% and 10% ) and up to Rs 1.5 lakh to a superannuation fund and avail tax exemption on the entire amount.
Employer’s contribution to PF over Rs. 7.5 lakh set to be taxed
The provision will lead to higher tax liability on both the employee and the employer, a senior government official told ET. Another official ET spoke to said it was indeed a revenue mobilisation measure, though the proceeds would be small.