EMPLOYMENT PROVIDENT FUND
EPF interest payout retained at 8.5% for FY2020-21
It’s estimated that more than 20 million EPFO subscribers made cumulative withdrawals of over Rs 73,000 crore until December 31, 2020 and this could rise further by the end of the financial year to surpass annual withdrawals of Rs 81,200 crore in FY19 by 16.37 million subscribers.
Best balanced advantage funds or dynamic asset allocation funds to invest in 2021
Balanced Advantage Funds or Dynamic Asset Allocation funds ...
Tax on PF interest: Should you stop investing in VPF? How bank FDs, RBI bonds, NPS compare
Many contributors to VPF are now exploring other o...
MGNREGA played a critical role in providing wage employment during the pandemic, says Tomar
According to Tomar, out of total person days generated about 52% women persondays have been generated in the current financial year which reflects significant participation of women in the programme.
View: Million-plus challenge fund provides an excellent opportunity for states to reimagine metropolitan governance
An urban centre is a relatively large, dense and permanent settlement of heterogenous individuals. Such centres provide a large market for various goods and services. With the availability of many individuals with diverse skills and economies of scale, they also promote industries.
NPS vs PPF investment: Where should you invest to save for your retirement?
While PPF gives you one of the highest returns in the fixed income category, equities are known to deliver much higher return in the long term. Looking at the historical return, one can see that when it comes to absolute return, PPF cannot match up to the returns delivered by NPS so far which are mostly in double digits.
EPFO subscribers may feel the pinch
Interest rate for FY21 may be cut further due to higher withdrawals, dip in contributions
Voluntary Provident Fund (VPF) vs Public Provident Fund (PPF) - Which suits you better?
Both VPF and PPF carry sovereign guarantee and hence, there is no difference when it comes to risk. Both are considered to be safe fixed income investment options. The decision to invest should be based on one's goal and time horizon.
Launch urban employment guarantee scheme: Jean Dreze to govt
The suggestion was made by Dreze at a three-day International Conference on Gender Equality (ICGE II 2021), organised by the Gender Park under Kerala governments Department of Women and Child Development in association with UN Women on Thursday.
Employers to lose deduction for employee’s contribution to EPF if they don’t deposit on time
To the extent that this ensures employers do not misuse or divert money meant for Employees’ Provident Fund (EPF), it will help increase surety of getting their PF money from the employers. Further, this will also ensure that there is no loss of interest for the employees on such contributions.
Firms to forego deduction if they delay deposit of employees' social security contributions
Besides it is proposed to tax interest earned on annual provident fund contribution of over Rs 2.5 lakh from April 1, 2021. At present there is no tax on interest earned on provident fund deposits.
From automation to gig economy, India needs to work on its skilling program
Despite running a skilling mission for years, India has very little to cheer about when it comes to availability of skilled labour.
View: New labour laws will improve India's ease of doing business ranking
The four Labour Codes provide greater autonomy to the employers. The threshold for firm size applicable under most acts has been revised up which will encourage firms to grow bigger. For instance, the threshold for requiring prior government approval for retrenchment and layoffs has been increased from 100 to 300 workers.
Draft scheme to provide jobs to 25 youth in every tribal village: Gadkari to officials
The minister for Micro, Small and Medium Enterprises (MSME) and Road Transport & Highways said five crore jobs should be created by the MSME sector this year.
EPFO records 10.05 lakh new enrolments in August
Latest data released on Tuesday showed that net new enrolments in April were in the negative zone at (-) 1,04,608 against the figure of (-) 61,807 released in September. This means that the number of members who exited the EPFO subscription was more than those who joined or rejoined the scheme.